Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

Karbala to Build Industrial City

By John Lee. Karbala [Kerbala] governorate is reportedly planning to build an industrial city to attract local and foreign capital into the manufacturing sector. The province's deputy governor, Jassim Al-Fatlawi, has said that an agreement has been signed with the Ministry of Industry to create the infrastructure. Karbala’s government is to allocate the land for […]

Iraq Blocks Jordanian Trucks

Iraqi border authorities have blocked the entry of 75 Jordanian trucks, loaded with vegetables and fruit, citing the start of the harvest season in Iraq, Saadi Abu Hammad, president of Jordan Exporters and Producers Association for Fruits and Vegetables, said on Saturday. Hammad told Petra that all the produce was damaged since the trucks had […]

The Mystery of Kurdistan's Border Taxes

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. Missing Millions? The Mystery of Iraqi Kurdistan's Border Taxes Money collected at Iraqi Kurdistan’s borders with Iran and Turkey should amount to hundreds of millions of dollars for the cash-strapped […]

Lebanese firm Launches $80m Amarah Project

By John Lee. A Lebanese company has launched a major construction project in Maysan governorate. Hariri Construction and Contracting Company (HARCO) was awarded the $80-milllion 'Luluat Al Amarah' (Pearl of Amarah) contract in late 2014, and has just started excavation at the site. It involves the construction of a five-star 16-storey hotel with 192 rooms, […]

IBBC Spring Conference: "Iraq 2015: Realising Potential"

The Iraq Britain Business Council (IBBC) Spring Conference 2015 will be held at the Mansion House on the 1st June and the Royal Overseas League on the 2nd June. Baroness Nicholson of Winterbourne, IBBC Executive Chairman and UK Trade Envoy for Iraq, the Executive Committee and Council Members, will welcome distinguished speakers such as H.E. […]

OFFTEC Opens First Branch in Iraq

Jordanian-based OFFTEC, a subsidiary of OFFTEC Holding Group, announced the opening of its first branch in Iraq. Located in the city of Erbil, the new branch further builds on OFFTEC 's growing network, which encompasses multiple branches across Jordan, Palestine and Sudan, all of which specialize in the provision of innovative business and technology services […]

Imported Goods Crowd Out Local Production

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. Qasim al-Rubaie, a teacher from Babil province, told Al-Monitor in front of a grocery store, “You will not find any Iraqi grown vegetables and fruits. Instead you'll find imported goods from Jordan, […]

Cyprus to Open Office in Erbil

Minister for Foreign Affairs of the Republic of Cyprus, Ioannis Kasoulides, received Minister Falah Mustafa on Thursday to discuss bilateral ties between the Kurdistan Region and the Republic of Cyprus as well as latest developments in the wider region. In welcoming Minister Mustafa and his accompanying delegation, Foreign Minister Kasoulides said, “We are determined to […]

France Considers Projects in Wassit

By John Lee. The French Consul General has reportedly said the French companies are interested in investing in Wassit Wasit] on a deferred payment basis. The Governor of Wassit province, Malik Khalaf, told AIN that during a visit to the province the Consul General discussed infrastructure projects including the building of roads and bridges, the […]

Armenia to Open Consulate in Erbil

Kurdistan Region Prime Minister, Nechirvan Barzani, has received Mr. Levon Sargsyan, Ambassador-at-large and Special Envoy of the Armenian Government, and Mr. Karin Gregorian, Ambassador of Armenia to Iraq. Mr. Sargasyan conveyed the greetings of the President and Prime Minister of Armenia to Prime Minister Barzani and stressed his country’s desire to build solid ties with […]

Iraq Wants to Attract more Brazilian Companies

Iraq wants to expand the presence of Brazilian companies in its market. That was the theme of the visit made by Adel Alkurdi, ambassador of the Arab country in Brasilia, to the Arab Brazilian Chamber of Commerce in São Paulo this Thursday (19th). The diplomat was welcomed by the president of the Arab Chamber, Marcelo […]

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