Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Tasnim News Agency reports that Iranian President Hassan Rouhani is scheduled to pay visits to Pakistan, Iraq and Austria in the coming weeks. President Rouhani is scheduled to visit Islamabad first, before heading to Baghdad and Vienna. (Source: Tasnim News Agency)
Head of KRG Foreign Relations, Minister Falah Mustafa, today welcomed the new Head of Embassy Office of the Republic of Korea, Mr. Young-Kyu Park. On behalf of the KRG, Minister Mustafa congratulated Mr. Park on his new post and assured him of the DFR’s full support to ensure the success of his mission. The Minister […]
By John Lee. Mohammad Reza Nematzadeh, Iranian minister of Industry, Trade and Mines, has opened a new assembly line at Iran Khodro (IKCO)'s assembly plant in Iskandariya, Iraq. The factory has the capacity to manufacture 30 Arisan pickup trucks per day; the Arisan, also called the “PU1”, replaces the Paykan pickup in Iran’s market. Parts […]
By John Lee. A new 30-percent customs tariff in Iraq is reported to be slowing business at the port of Umm Qasr (pictured), which handles 80 percent of the country's imports, choking the port with thousands of uncollected cargo containers. But according to the report from Reuters, the new rate does not apply in Iraqi […]
By John Lee. High-ranking officials from Iran and Iraq are to sign a memorandum of understanding (MoU) to improve cooperation in fighting financial corruption. The Head of the General Inspection Office of Iran, Nasser Seraj, hosted a visit from Hasan Al-Yasiri, the head of Iraq's Commission of Integrity, at which various aspects of the anti-corruption […]
By John Lee. TNA reports that Iran’s Minister of Industry, Mines, and Trade, Mohammad Reza Nematzadeh (pictured), is leading a delegation to Iraq for a two-day visit aimed at boosting trade between the two countries. During the visit, he will meet with high-ranking Iraqi officials and ministers, and will visit an Iranian trade fair in […]
By John Lee. Iraq is talking wtih Egyptian investors with a view to building two new industrial cities. Shafaaq News reports that Iraqi industry and minerals minister Mohammed Al Daraji (pictured) discussed the plan at talks in Egypt earlier this week. The agency also quoted Abdul Aziz Saifuddin, chairman of the Cairo-based Arab Industrialisation Organisation, […]
By Dr. Kamal Field Al Basri and Mr. Mudher Sebahi, of the Iraqi Institute for Economic Reform (IIER). This article questions whether the government’s attempt to reform the economy is going to be successful. To achieve that end, it discusses why some countries that used identical polices are successful in reforming their economy while others […]
By John Lee. Reuters reports that Russia is ready to sell Sukhoi Superjet civil airliners to Iraq. On a trade mission to Baghdad, accompanied by nearly 100 government and business officials, Deputy Prime Minister Dmitry Rogozin said Russia could provide Sukhoi Superjet airliners for Iraq's civil aviation, adding that Moscow would continue providing Iraq with […]
By John Lee. Turkey has announced new entry regulations for Iraqi nationals. Starting immediately, Iraqis will only be able to travel to Turkey with visas issued in the embassies of the country; previously, they could get entry permits at the border. These measures are related to the fight against illegal migration. (Source: News.Az) (Visa image […]
By Wassim Bassem, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ali al-Jubouri, a farmer from the Babil countryside, patiently waits every year for the rainwater to evaporate from local natural salt lakes. He and his family then collect the salt left behind to sell […]
By John Lee. The Kurdistan Regional Government (KRG) has announced that it will pay only partial salaries to all government employees except security personnel, as it struggles with an economic crisis due to low oil prices. In a statement, it said the decision was taken "in order to ensure the continued distribution of part of […]
