Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. On The Stream: Will this wave of protests in Iraq help realize the change Iraqis have been waiting for?
By John Lee. The lastest phase of the Iraqi heatwave is expected to peak on Thursday. Forecasters are expecting highs of 51 degrees Celsius in most southern cities, and 49 degrees in Baghdad. They are also expecting higher-than-usual humidity. The Iraqi government recently introduced a policy of declaring public holidays when temperatures exceed 50 degrees. (Source: […]
By John Lee. Imperial Tobacco Group, Europe’s second-biggest tobacco company, has reported that its revenues and profits for the nine months to the end of June were reduced by difficulties with its Iraq business. In a statement to the markets, the company said: "Underlying tobacco net revenue was flat but grew 1 per cent excluding […]
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. Russian Landmarks Disappearing: In Iraqi Kurdistan, The End of an Era For Soviet-Made Road Warriors The Iraqi city of Kalar, south of Sulaymaniyah, has an odd nickname: “the Moscow of […]
Having finalized the necessary documentation with the Federal Foreign Ministry of Iraq and the KRG Department of Foreign Relations, the European Union will soon open an EU Delegation Liaison Office in Erbil to support the current activities of the EU in coordination with the Kurdistan Regional Government, the United Nations and NGOs. Minister Falah Mustafa, […]
By John Lee. The Central Bank of Iraq (CBI) has launched a new scheme of loans for "industrial, agricultural and real estate" banks. According to the report from Shafaaq, a total of 5 trillion Iraqi dinars [$4.3 billion] will be made available. The governor of the CBI, Ali al-Alaq, has reportedly promised to make more […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. As temperatures soar across Iraq, public discontent is also close to boiling point. Iraqis are protesting against government corruption and power shortages. Al Jazeera's Mohammed Jamjoom reports from Baghdad - where security has […]
The Kurdistan Regional Government's Department of Information Technology has announced the launch of the 'Sunrise period' for Kurdistan’s top level domain (TLD) .KRD The Sunrise Period for .KRD starts on August 5 and will end on October 4. The Sunrise launch of .KRD has been a highly anticipated milestone for KRG Department of Information Technology, […]
U.S. Soldiers at the regional contracting office in Erbil hosted the first in-theater vendor training day to cultivate the critical relationship between local vendors and U.S. forces on the ground. Topics discussed with potential vendors ranged from the solicitation process to reading and understanding what is required in military contracts. Since their arrival in Erbil, […]
By John Lee. The General Manager of the Projects Department in the Kurdistan Region’s Ministry of Planning, Zagros Fattah, has said that economic growth in the Kurdistan Region of Iraq is expected to be less than 1 percent this year. This follows growth of 8 percent in 2013 and just under 5 percent in 2014. […]
By John Lee. The Iraqi government has declared a four-day holiday starting on Thursday, as the country attempts to cope with temperatures expected to exceed 50 degrees Celsius (122 Fahrenheit). Highest temperatures are expected on Sunday, and in the Central and Southern areas of the country, including Baghdad. Poor electricity supplies will continue to cause […]
By John Lee. The Governor of Basra, Majid Al-Nasrawi [Alnasrawi] (pictured), has called on Filipino companies to invest in the province. During a meeting with the country's Chargé d’Affaires, Elmer Cato, he stressed that Basra and the rest of southern Iraq remain safe for investors. Citing the example of the Manila-based International Container Terminal Services Inc. […]
