Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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. Ali al-Jubouri, a farmer from the Babil countryside, patiently waits every year for the rainwater to evaporate from local natural salt lakes. He and his family then collect the salt left behind to sell […]
By John Lee. The Kurdistan Regional Government (KRG) has announced that it will pay only partial salaries to all government employees except security personnel, as it struggles with an economic crisis due to low oil prices. In a statement, it said the decision was taken "in order to ensure the continued distribution of part of […]
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. Once-lively Caravan Stops Crumble Along Abandoned Silk Road In an interview with Al-Monitor, 85-year-old Hussein Khazraji described how he used to cross the distance between his hometown, Najaf, and Karbala on foot in the […]
By John Lee. Transparency International has said that Iraq has risen slightly in its global Corruption Perceptions Index (CPI). From at total of 167 countries, Iraq came in at number 161, slightly better than last year’s position of 170 out of 175 countries, and tying with Libya. This result puts it ahead of countries such […]
Minister of Foreign Affairs Dr Ibrahim Al-jaafari received the head of the Japanese International Cooperation Agency (JICA) Mr Shinichi Kitaoka, at the Ministry Headquarter, in Baghdad. The two sides discussed horizons of mutual relations and means to promote them in order to meet the aspirations of the two friendly countries. The minister said that Iraq […]
From Iran‘s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Speaker of the Iranian parliament, Ali Larijani, has sat down with Iraqi President Fuad Masum. The two sides have agreed on boosting economic relations. Larijani said they discussed ways of fighting the […]
A delegation of 20 Kurdish officials and businessmen, in London for the Iraq Britain Business Councils (IBBC)'s London Business Forum, visited the University of Wolverhampton last week to exchange ideas and explore partnerships with businesses in the West Midlands and the university itself. Dr Dara Jalil Khayat, President of Kurdistan Federation of Chambers of Commerce […]
By John Lee. Iraq's Etihad Food Industries will reportedly start production at its new $100-million edible oils refinery in Babylon by the end of the year. Commercial Director Haidar Alnoumany told Reuters that the company started building the infrastructure two months ago, and when in production it will source crude (edible) oil from many origins […]
KRG Ministers and officials participated on Wednesday at the Iraq Britain Business Council (IBBC) London Business Forum on United Kingdom - Kurdistan Region of Iraq: Business Opportunities and Knowledge Transfer. The forum was organised by IBBC in collaboration with the Kurdistan Federation of Chambers of Commerce, and sponsored by Genel Energy and UB Group. The […]
‘If this financial crisis continues, it will have a great effect on the front lines. You cannot send your fighters with empty stomachs to the fight,’ Dr Fuad Hussein told a group of journalists from American media outlets on Friday morning. He added, ‘We need support and help. We are [in Washington] to explain this […]
By John Lee. According to a report from the International Monetary Fund (IMF), the external outlook for Iraq has worsened since the latest Article IV consultation assessment (May-June), mainly owing to a further weakening of global oil prices. The analysis finds: "Lower capital spending on the back of falling oil revenue is expected to contract […]
The Iraq Britain Business Council (IBBC) in conjunction with the Federation of Chambers of Commerce in the Kurdistan Region of Iraq are hosting a one-day London Business Forum to exchange information on business opportunities in Kurdistan and the United Kingdom. The event will be held on the 20th January 2016 at The English-Speaking Union, Dartmouth […]
