Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Shafaaq reports that a new border crossing has been opened between Sulaymaniyah in Iraqi Kurdistan, and Iran. The new crossing at Siran Bin is the third in the province, and connects with the Iranian city of Bana. At the opening ceremony, the governor of Sulaimaniyah predicted that the new crossing will ease […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Violence, political instability and a struggling economy have left almost a third of Iraq's population without basic services such as water and sanitation. Al Jazeera's Imtiaz Tyab reports from Baghdad on how people […]
By John Lee. Prime Minister Haider al-Abadi has sacked the Minister for Trade, Mlas Mohammed Al-Kasanzan [Abdulkarim Malas al-Kasnazani] (pictured), for failing to show up for work. A statement from the Prime Minister's office said al-Kasnazani was dismissed because of his "absence ... from his duties as Minister of Commerce [i.e. Trade] for more than […]
Foreign affairs minister Dr Ibrahim Al-Jaafari met the head of Iraq-Japan Friendship Association Ms Yuriko Koike last week in the Japanese capital Tokyo. During the meeting, they reviewed the bilateral relations and regional and international issues that concern both sides, as well as, discussing the work of the Association and its activities, in favour of […]
Foreign Affairs Minister Dr Ibrahim Al-Jaafari met Mr Shinichi Kitaoka the President of Japan International Cooperation Agency (JICA) specialised in technical cooperation within official development assistance program. This program aims at stimulating the international cooperation, supporting the social and economic development and paying the attention to health, education, technology, communication and information sectors. The minister […]
By John Lee. A US District Court has sentenced an American man to 27 months in prison, followed by three years of supervised release, for operating two investment schemes that defrauded people of more than $200,000. Joseph T. Morris, aged 52, and two others set up a company whose initial focus was on establishing a […]
The Chairman of Iraq’s National Investment Commission (NIC), Dr. Sami Al-Araji, has signed the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention). Iraq has become the 160th country to sign the Convention and the 152nd country to become a member of the International Centre Settlement of […]
By Padraig O'Hannelly. This week in London, the Iraq Britain Business Council (IBBC) held its annual Autumn Conference, taking as its theme "Iraq in the Global Marketplace". A full house of senior executives, diplomats and public officials shared their views and experiences of business in Iraq, and discussed what Iraq can do to raise its […]
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 […]
