Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The head of the Trade Promotion Organisation of Iran, Valiollah Afkhami Rad (pictured), has signed a contract to set up a trade centre in Erbil. He said that a better understanding of the market in Erbil and throughout Iraq will result from the improved economic ties, and recommended that Iranian companies research […]
The Kurdistan Regional Government has appointed Mr Karwan Jamal Tahir as its new Representative to the United Kingdom. The Head of the Kurdistan Regional Government’s Department of Foreign Relations, Minister Falah Mustafa, said that under the recommendation of the President of the Kurdistan Region, Masoud Barzani, and in order to develop and further strengthen bilateral […]
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed two new members. Privately-owned Upstream Technical Consultants Limited is the organisation's first member from the recruitment sector. Established in the UK in 1998, it opened a branch office in Iraq in 2014, providing skilled exploration and production specialists to the oil and gas industry. Dubai-based […]
By John Lee. The Lebanese government is to open a consulate Erbil in August. According to BasNews, weekly flights connect Erbil and Beirut as over 6,000 Lebanese work in Iraqi Kurdistan, in mainly in education, tourism and investment. More than 25 countries have already opened consulates and representative offices in the Kurdistan Region. (Source: BasNews) […]
Prime Minister Haider Al-Abadi received Mr. Akhiko Tanaka, the President of Japan International Cooperation Agency (JICA) and the accompanying delegation on Monday. The meeting discussed the projects implemented by the agency and its future plans in addition to the role of Japan in supporting Iraq in different fields. Dr. Al-Abadi welcomed the delegation and commended […]
Kurdistan Region President Masoud Barzani and an accompanying senior KRG delegation met with Hungarian Prime Minister Victor Orban in Budapest on Monday to discuss bilateral ties, and the Hungarian support for the Kurdistan Region in its fight against the ISIS terrorists. In this meeting, Prime Minister Orban expressed his country’s strong support for the people […]
Iraq Business News (IBN) recently interviewed Colin Findlay, General Manager of Severn Valve Solutions and Executive Director of the Severn Glocon Group of companies, about doing business in Iraq. IBN: Can you tell us a little about your business in Iraq? Colin Findlay: Severn Valve Solutions was formed in 2012 and has quickly become the […]
By Imtiaz Ahmad. Over the last seven to eight years, Iraq remained very attractive for international investment especially in the oil and gas sector. Almost all major international oil companies (IOCs) invested, either individually or in partnership with others. By contrast, Iraq showed slow progress in setting out proper petroleum and tax policy for existing […]
The Basra Compact, a flagship partnership to revive the economy in southern Iraq The authorities of Basra and the UN Development Programme (UNDP) have signed a flagship agreement, the Basra Compact, aiming at strengthening participatory and accountable governance and reviving the economic activity in the southern governorate, which is not just oil-rich but needs to […]
By Madeleine White, capacity building specialist and co-founder of Nina Magazine “Emerging markets will be a driving force in sustainable economic growth. If civil society is fully and inclusively engaged in the economy, the significant population growth rate will lead to greater consumption and therefore greater economic growth. Cash rich emerging markets with an inclusive […]
By John Lee. Texas-based Alliant Techsystems Inc., has been awarded a $14,173,202 contract for contractor logistic support for the Iraqi Air Force's Cessna 208B fleet. The work will be performed in Iraq and is expected to be complete by 31st December, 2015. (Source: US Dept of Defense) (Picture: Iraqi Air Force Cessna 208)
By John Lee. Iraq has ranked 112th out of 158 countries in the latest World Happiness Report. The report, produced by the Sustainable Development Solutions Network (SDSN), contains analysis from leading experts in the fields of economics, neuroscience, national statistics, and describes how measurements of subjective well-being can be used effectively to assess national progress. […]
