Archive | Iraq Industry & Trade News

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

Iraq Struggles with Widespread Bribery

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. Iraq’s government, society struggle with widespread bribery With shocking innocence, Ali al-Sultani from Babil, a city 100 kilometers (62 miles) south of Baghdad, told Al-Monitor what he does to have official documents dealt with […]

IBBC Announce Iraq Business Clinics

By Simon Kent. The Iraq Britain Business Council (IBBC) have announced that they will be offering expert advice on Iraq’s marketplace and  how UK businesses can get involved on 21 October 2015 at the London Chamber of Commerce and Industry (LCCI). Companies are welcome to register for 20 minute appointments by contacting LCCI at [email protected] […]

Iran, Iraq to Boost Trade

By John Lee. Iranian Economy Minister Ali Tayyebnia said that trade between Iran and Iraq is currently estimated at $12 billion when transit and tourism are taken into account, and that Tehran and Baghdad expect to increase the figure to $20 billion in the near future. The statement followed a meeting with Iraqi Finance Minister […]

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IS Extorted $11m per month in Nineveh

By John Lee. According to BasNews, the Iraqi parliamentary report into the fall of Mosul reveals that Islamic State (IS, ISIS, ISIL) militants were levying taxes at every level throughout Nineveh Province prior to the capture of Iraq’s second largest city in June last year. The IS group was generating up to $11 million every […]

Baghdad's Booming Business in Military Clothing

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. Criminals In Uniform: Baghdad's Dodgy, Booming Business in Military Clothing Thanks to the current security crisis, there are so many Iraqis now playing a military role in Iraq that it […]

Japan Considers Water Projects in Basra

By John Lee. On Thursday the Prime Minister Dr. Haider Al-Abadi held a meeting in his office with the Japan International Cooperation Agency (JICA) to discuss projects to provide drinking water to the province of Basra. During the meeting, there was a follow-up on the water desalination project in al-Hartha in Basra. Dr. Abadi stressed […]

Heatwave to Peak on Thursday

By John Lee. The lastest phase of the Iraqi heatwave is expected to peak on Thursday. Forecasters are expecting highs of 51 degrees Celsius in most southern cities, and 49 degrees in Baghdad. They are also expecting higher-than-usual humidity. The Iraqi government recently introduced a policy of declaring public holidays when temperatures exceed 50 degrees. (Source: […]

Imperial Tobacco Hit by Iraq Slump

By John Lee. Imperial Tobacco Group, Europe’s second-biggest tobacco company, has reported that its revenues and profits for the nine months to the end of June were reduced by difficulties with its Iraq business. In a statement to the markets, the company said: "Underlying tobacco net revenue was flat but grew 1 per cent excluding […]

Russian Landmarks Disappearing in Kurdistan

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. Russian Landmarks Disappearing: In Iraqi Kurdistan, The End of an Era For Soviet-Made Road Warriors The Iraqi city of Kalar, south of Sulaymaniyah, has an odd nickname: “the Moscow of […]