Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. A Baghdad court has sentenced former environment minister Sargon Lazar Slewa [Sargon Lazon Sliwah, Karkis Sleiwa] (pictured) to two years in prison on charges of corruption. A judicial spokesman told Reuters that Slewa, a Assyrian Christian who served in former premier Nuri al-Maliki's government, was taken into custody following the ruling and fined […]
By John Lee. Iran’s main car manufacturer is set to raise its production level in Iraq by producing 3,000 vehicles per month. Iran Khodro (IKCO)'s Deputy CEO for Export, Saeed Tafazzoli, said its Iraqi partner had decided to allocate most parts of its production lines to IKCO’s vehicles. “IKCO’s rivals have failed to grab the […]
By John Lee. Iraq has risen five places in this year's Legatum Institute Prosperity Index, ranking in 123rd place out of the 142 countries measured. The index ranks countries in eight categories including economic success, opportunity, health, and personal freedom. Norway finishes highest on the annual Prosperity Index for the seventh year in a row, […]
By John Lee. Prime Minister Dr. Haider Al-Abadi received in his office on Saturday the Lebanese Industry Minister Mr. Hussein Hajj Hassan and his accompanying delegation. During the meeting they discussed strengthening bilateral relations in the industrial field between the two countries and investment in Iraq and overcoming the obstacles facing Lebanese businessmen. Dr. Al-Abadi […]
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. “Madeef” is an Arabic word used when referring to a place dedicated to receiving guests. In Iraq, this word has a specific social meaning; it is a place where tribe members, leaders and sheikhs […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The End of An Industrial Era: Cheap Imports Mean “Made In Iraq” Is Disappearing Almost half of Basra's smaller manufacturers have closed in the face of a market flooded with […]
By John Lee. Iraq has been ranked 161th out of 189 countries in the World Bank‘s recent Doing Business 2016 report, down from 156th place the previous year. Top of the list were Singapore, New Zealand and Denmark, with last place going to Eritrea, just behind Libya and South Sudan. The pace of business regulatory […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Torrential rain caused chaos across several parts of Iraq on Thursday, with the water causing thigh-high flooding on some Baghdad streets and damaging camps for the displaced.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. For centuries, Iraq has been famous for it's copper handicrafts. And for generations, some of the best artisans worked from the Safafeer Market in central Baghdad. But, as Imtiaz Tyab reports, the industry […]
By John Lee. Jordan's Interior Minister, Salameh Hammad, said on Tuesday that the frequent closure of the Jordanian-Iraqi border should be resolved. Hammad made the remarks as he met with Iraqi ambassador to Jordan, Jawad Hadi Abbas, where the two officials discussed ways to remove all obstacles facing Jordan's cargo transportation to Iraq. Abbas stressed […]
By John Lee. According to a report from Shafaaq, an Iraqi Trade Ministry media adviser, who was killed last month by a bomb attached to his car, had been about to hand over files accusing the ministry of corruption to the country's Integrity Commission. The Central Investigating Court said in a statement that four security […]
By John Lee. The Kurdistan Region’s Syndicate of Investors [Kurdistan Investors Union] has said that recent violent protests in Sulaymaniyah have cost the province $1 billion. Spokesperson Mala Yasin Mahmoud told BasNews that many strategic projects have been cancelled and foreign investors are leaving because of the protests. “At least 15% of the foreign investments […]
