Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. As part of its on-going review of compliance with anti-money-laundering (AML) and countering the financing of terrorism (CFT) standards, the Financial Action Task Force (FATF) has singled out Iraq as a "jurisdiction not making sufficient progress." In a statement, the FATF has said: "Despite Iraq’s high-level political commitment to work with the FATF and MENAFATF […]
By Lemya Ayub. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. Melad Hamed – The Cutting Edge Fashion Designer with a Heart of Gold Melad Hamed, is well-known in Iraq and across the Arab world as the cutting edge fashion designer with a heart of […]
Austria’s Minister for Foreign Affairs, Sebastian Kurz, received Head of the Kurdistan Regional Government, KRG, Department of Foreign Relations, Minister Falah Mustafa and his accompanying delegation on Friday. During the meeting, which was attended by KRG Representative to Austria, Both sides spoke in detail of the latest military developments in the fight against ISIS, the […]
By Simon Kent. Belgium has announced plans to open a consulate in Erbil, capital of the semi autonomous Kurdish region in Iraq. In a sign of deepening ties between the KRG and Belgium, the central EU nation also announced they would provide hospital treatment for injured Peshmerga soldiers. The Peshmerga are the armed forces of […]
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 New Masters of the Market: Syrian Traders Flock to ISIS' Mosul For Iraqi Profits The city of Mosul had turned its back to the other Iraqi cities as of […]
Kurdistan Regional Government Prime Minister Nechirvan Barzani on Tuesday received the Egyptian Ambassador to Iraq, Mr. Ahmad Hassan Darwish, and his accompanying delegation. Ambassador Darwish highlighted historical relations between Kurdistan and the Egyptian people, hoping to expand those relations particularly in the economic fields of trade and investment. He pointed out that Egyptian investors are […]
Renault Trucks has signed up Iraq’s Sunflower General Trading Company as the sole distributor for the French truck manufacturer in Iraq, excluding Kurdistan. Sunflower General Trading Company is one of the main business partners of the State Company for Automotive Industry (SCAI), and truck distributors in Iraq. The partnership will allow Sunflower to expand its […]
Kurdistan Region Prime Minister Nechirvan Barzani hailed the private sector for its effective contributions to the Kurdistan Region economy since approval of the Investment Law in 2004. Prime Minister Barzani expressed satisfaction with the expansion of investment in the sectors of agriculture and industry. His statements were made during last week’s visit to Dohuk Governorate, […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since February, mechanical engineer Faiz al-Sultani has gone without a salary. The government textile plant in Hilla has been unable to pay his wages due to Iraq's fiscal deficit. Dozens of textile and fabric […]
By John Lee. A US man has pleaded guilty in a $175,000 fraud involving fake business opportunities in Iraq. Joseph T. Morris, aged 52, pleaded guilty on Tuesday to one count of wire fraud, and according to a report from Associated Press faces up to 20 years in prison. Morris and two others set up […]
At a meeting on Friday between Minister Falah Mustafa, Head of KRG Foreign Relations, and Børge Brende, Minister of Foreign Affairs of Norway, Minister Brende announced that Norway will soon open its representation office in the Kurdistan Region. During the meeting, which was attended by Iraq’s Ambassador to Norway Sundus Omer, Norwegian Ambassador to Jordan […]
KRG Prime Minister Nechirvan Barzani received the Kuwait Consul-General to the Kurdistan Region, Dr. Omar Ahmad Al-Kandari, on Wednesday. Prime Minister Barzani welcomed the Kuwait Consul-General to his new position. They discussed the latest developments in the Kurdistan Region, particularly the war against terrorism and the economic and social impact of hosting nearly two million […]
