Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
By John Lee. A Baghdad court has sentenced former environment minister Sargon Lazar Slewa [Sargon Lazon Sliwah, Karkis Sleiwa] (pictured) to two years in prison on charges of corruption. A judicial spokesman told Reuters that Slewa, a Assyrian Christian who served in former premier Nuri al-Maliki's government, was taken into custody following the ruling and fined […]
By John Lee. Iran’s main car manufacturer is set to raise its production level in Iraq by producing 3,000 vehicles per month. Iran Khodro (IKCO)'s Deputy CEO for Export, Saeed Tafazzoli, said its Iraqi partner had decided to allocate most parts of its production lines to IKCO’s vehicles. “IKCO’s rivals have failed to grab the […]
By John Lee. Iraq has risen five places in this year's Legatum Institute Prosperity Index, ranking in 123rd place out of the 142 countries measured. The index ranks countries in eight categories including economic success, opportunity, health, and personal freedom. Norway finishes highest on the annual Prosperity Index for the seventh year in a row, […]
By John Lee. Prime Minister Dr. Haider Al-Abadi received in his office on Saturday the Lebanese Industry Minister Mr. Hussein Hajj Hassan and his accompanying delegation. During the meeting they discussed strengthening bilateral relations in the industrial field between the two countries and investment in Iraq and overcoming the obstacles facing Lebanese businessmen. Dr. Al-Abadi […]
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. “Madeef” is an Arabic word used when referring to a place dedicated to receiving guests. In Iraq, this word has a specific social meaning; it is a place where tribe members, leaders and sheikhs […]
