Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The financial losses being made by Iraq’s state owned enterprises are “not acceptable” and the Government is pushing through new legislation to prioritise the growth of the private sector, the Prime Minister’s Chief of Staff told a high-level business conference in Baghdad last week. Speaking at the Iraq Britain Business Council (IBBC) event in the […]
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. Souk al-Shorja is Baghdad's oldest market. It was established in the late Abbasid period about A.D. 750 and was first called Souk al-Rayahin then Souk al-Attarin. It is part of the historic area that includes […]
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. Blank Pages: Financial Crisis Kills Off Iraqi Kurdish Media, Endangers Fourth Estate Before the current financial and security crisis, some of the media in Iraqi Kurdistan had been thriving. Now, […]
By John Lee. Bahraini businesses are investing heavily in Iraq, according to a report from Gulf Daily News (GDN). The country's Ambassador to Iraq, Salah Al Malki [Salah Hassan Al-Maliki] (pictured), told GDN: "In recent years, due to an influx of pilgrims going to Iraq, we have seen a surge in the number of Bahraini […]
By John Lee. The French retailer Groupe Auchan has announced that its hypermarket in Erbil has closed down. The company described the closure as a "non-anticipated decision ... by the SI Retail shareholders, the English-law firm managing locally the hypermarket, due to the difficult situation encountered in the country." SI Retail signed an Auchan franchise […]
Iraq’s Deputy Prime Minister, Dr Bahaa Al Araji (pictured), told a high level international conference in Baghdad on Wednesday that his country recognised the vital importance of foreign investment and Iraq was full of opportunity. Dr Bahaa said the Government was ready to extend all facilities and offer incentives for businesses to come to Iraq. […]
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. Matter of National Security? The Turkish-Kurdish 'Secret Agreement' An 18-month-old “secret agreement” between Iraqi Kurdistan and Turkey goes for 50 years and potentially affects national security and oil exports. Nobody […]
Iraq’s Prime Minister and many of his most senior colleagues will address a top-level international business conference being held in Baghdad later this week. Organised by the Iraq Britain Business Council (IBBC) together with Iraq’s National Investment Commission (NIC) and the Federation of Iraqi Chambers of Commerce, the event will also be attended by senior […]
Foreign Minister Dr. Ibrahim al-Jaafari, accompanied by Consul General Ahmad Nazem Jawad, has opened the new building of the General Consulate of the Republic of Iraq in Los Angeles. The opening ceremony was carried out by ribbon-cutting and unveiling a plaque chronicling the opening date. The minister, in the presence of the guests, toured the […]
By John Lee. Agility’s GCC Services subsidiary in Basra has received the ISO 9001 certification, making it the first integrated remote site services company in the city to receive the certification. The United Kingdom Accreditation Service (UKAS) accreditation certificate was given following a site audit conducted by Bureau Veritas. TradeArabia reports that the Iraq unit […]
The International Finance Corporation (IFC), a member of the World Bank Group, is investing up to $18 million in Saudi dairy company Al Safi Danone’s Iraq-based subsidiary, to expand its operations in order to improve domestic food security, boost Iraq’s non-oil sector, and reduce its reliance on imported dairy products. IFC’s long-term investment, which is […]
By Samar Rassam, CEO of Somer Industrial Projects (SIP). This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. As always, when returning to my column in Nina Magazine, I reflect on the past few months. It has been a very busy time. I am excited to […]
