Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. South Korea's Daewoong Pharmaceutical has signed a US$25-million contract with Ibn Cina Drug Stores to supply six products to Jordan and Iraq. According to the Korea Herald, the local partner will distribute: Ursa, for liver function improvement; Orlostar, for high blood pressure and hyperlipidemia; Easyef for diabetic foot ulcer; Daewoong pitavastatin calcium […]
Kurdistan Region Prime Minister Nechirvan Barzani has received a high-ranking delegation from the Islamic Republic of Iran. The two sides discussed the recent security development in the region, particularly on the border between the Kurdistan Region and the Islamic Republic of Iran. Prime Minister Barzani expressed his deep concern regarding recent events especially the shelling […]
Kurdistan Region Prime Minister Nechirvan Barzani has received the outgoing US Consul General to Erbil, Mr. Matthias Mitman and the newly appointed US Consul General to the Kurdistan Region, Mr. Kenneth Gross and their accompanied delegation. Mr. Mitman, who will soon end his tenure as Consul General in Erbil, expressed his gratitude for the cooperation […]
By John Lee. Iraqi Deputy Trade Minister Walid Habib al-Helou has reportedly announced that Tehran and Baghdad will sign a new memorandum of understanding (MoU) in the near future. The Deputy Minister called for increased trade between Iran and Iraq, adding that the MoU will remove obstacles to trade. (Source: IRNA)
The Financial Times reports that Iran finds Iraq to be a big market for its domestically produced goods, including fresh milk, antibiotics and cement. Yahya Ale Eshaq, head of the Iran-Iraq Chamber of Commerce, told the newspaper: “Iraq needs everything, which makes it the best market for Iranian-made goods ... “We can work with European […]
By John Lee. Power supply ships have reportedly returned to work in Basra following threats from the governor to expel them. The ships, reportedly owned by the Turkish-based Karadeniz Holding, had stopped production for several hours due to unpaid debts of $85 million owed to them by the Ministry of Electricity. The Turkish company supplies […]
IBBC Forms Partnership With NOF Energy, Will Co-host Event In October A new partnership has been forged between the Iraq Britain Business Council (IBBC) and NOF Energy, a business development organisation for oil, gas, nuclear and offshore renewables sectors. IBBC will serve as one of the organisation’s 33 Global Partners and will promote the business […]
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. Iraq’s Yazidis Return Home To Face Cruel Economic Blockade Many of the Yazidis who were so brutalised by the extremist Islamic State group have returned home – but now they […]
By John Lee. Jordan has reported closed its borders with Syria and Iraq following the suicide bombing that killed six soldiers at a Jordanian army camp. The Jordanian government said that there won't be new refugee camps and that the existing ones won't be expanded. (Sources: ANSAmed, Newsweek)
By John Lee. PanARMENIAN reports that trade between Armenia and Iraq has grown by 30 percent annually. Armenian Deputy Economy Minister Garegin Melkonyan (pictured) is quoted as saying: “In 2015, trade turnover between the two countries amounted to $132 million, up from just $49 million in 2012. We exported some $80 million and $126 million-worth […]
The Iranian Deputy Foreign Minister for Arab and African Affairs has asked Iraqi officials on Monday to help boost mutual trade ties by removing obstacles for Iranian traders. During his meeting with visiting Iraqi Deputy Foreign Minister for Political Affairs Nazar Khairallah, Hossein Amirabdollahian called for removal of obstacles encountered by the Iranian trade companies […]
Minister for Housing, Construction and Municipalities will attend IBBC Retreat at Cumberland Lodge, 8-10 July 2016 Dara Rasheed (pictured), the acting Minister for Housing, Construction and Municipalities, will attend this year’s IBBC Retreat at Cumberland Lodge. Mr Rasheed is a long term friend and supporter of IBBC and we are delighted that he has taken […]
