Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Iraq Business News is delighted to bring you the latest major new guide to business in Iraq. Published by Allurentis, in association with Iraq’s National Investment Commission (NIC) and UK Trade Investment (UKTI), the sixth edition in the annual New Iraq series - The New Iraq: 2015/2016 Discovering Business - contains a wealth of case studies, commentary and data; […]
Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in the development of emerging energy markets. A much anticipated forum, FEF is spearheaded by William Wakeham and Leanne Case, both of whom are leading experts on critical […]
By John Lee. Iraq's acting trade minister, Mohammed Shia al-Sudani, has reportedly sacked the head of the powerful Grain Board of Iraq and six other officials over allegations of corruption. Reuters quotes ministry sources as saying that the move was part of a comprehensive operation intended to "cleanse the ministry of officials who have any hint […]
By John Lee. The Iraqi Ministry of Industry has issued a list of thirty factories that are currently open for private investment. The factories cover such sectors as food processing, paper and cardboard, tires, fertilizers, aluminum, cement, natural gas, pharmaceuticals and textiles. The deadline for participating in the tenders is 15th November! Please click here […]
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.
