By John Lee. The Kurdistan Region’s Syndicate of Investors [Kurdistan Investors Union] has said that recent violent protests in Sulaymaniyah have cost the province $1 billion. Spokesperson Mala Yasin Mahmoud told BasNews that many strategic projects have been cancelled and foreign investors are leaving because of the protests. “At least 15% of the foreign investments […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
KRG meets with New Zealand Business Council
KRG Minister for Foreign Relations, Falah Mustafa Bakir, this week discussed business and economic opportunities in the Kurdistan Region with senior members of the New Zealand Middle East Business Council. The Members of the Council included Vice Chairman of the Council, Michael Webb, Executive Committee Member, Deborah Schlichting, and Executive Advisor, Michelle Boag. Mr. Bakir […]
Trade Minister Wanted on Corruption Charges
By John Lee. An arrest warrant has been issued for the Iraqi Trade Minister, Malas Abdulkarim al-Kasnazani (pictured), and his brother, on charges of financial corruption. According to the report from AFP no details on the accusations have been issued, but local media said the Minister is suspected of awarding contracts without tenders to firms […]
IBBC Autumn Conference: Iraq in the Global Marketplace
9th-10th November 2015, Church House and Eversheds HQ, London The Iraq Britain Business Council (IBBC) is delighted to invite you to the IBBC Autumn Conference to be held on the 9th November at Church House and on the 10th November in the Eversheds Headquarters in London. Day 1 in Church House, Westminster, will focus on […]
Minister Urges Ukrainian Firms to Provide Vehicles
By John Lee. The Iraqi Minister of Transportation, Baqir al-Zubaidi, has proposed that Ukrainian vehicle manufacturers provide samples of trucks, busses and tractors to Iraq free of charge for test purposes. At a meeting with the Ukrainian Ambassador, Anatoly Marenitez, he said he was eager to cooperate with Ukrainian companies and learn more about the […]
Tags: Ukraine
Kurdish Region 'Lagging Behind Baghdad'
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. Setting A Good Example: When It Comes to Reforms, 'Model' Iraqi Kurdish Region Is Lagging Behind Baghdad The crises that caused Iraqi PM Haider al-Abadi to announce serious reforms also […]
Iran Nuclear Deal - Good or Bad for Iraq?
By Padraig O'Hannelly. Much has been written about the expected lifting of sanctions on Iraq's powerful neighbour, Iran, opening Iranian markets to international commerce and allowing Iran to export more goods and services. But the burning question on the streets of Baghdad, Basra and Erbil is what does all this mean for Iraq? In a […]
An Evil Plot? Basra Boycotts New Customs Tax
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. An Evil Plot? Iraq's Most Industry-Savvy Province Refuses to Impose Baghdad's New Customs Tax A new customs tax came into effect in August. But in Basra, one of Iraq's busiest […]
Profits from Protest: Street Vendors Flock to Baghdad
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. Profits from Protest: Street Vendors Flock To Baghdad For Demonstrators' Business The regular popular demonstrations being held in Baghdad every Friday are not just good for the country's democracy, they're […]
Lenders Rip Off Small Iraqi Businesses
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In order to expand his men's shoe business, Mohammed Jizani had to borrow $100,000 from a loan shark. As is common in such cases, he was forced to pay the lender $4,000 […]
Tags: Central Bank of Iraq (CBI), featured, Iraqi Company for Financing Small and Medium Enterprises, micro- small- and medium-sized enterprises, MSMEs, Small Businesses, SMEs
Iran, Iraq Foreign Ministers Meet
On the sideline of the UN General Assembly meetings, Iraqi foreign affairs minister Dr. Al-Jaafari met his Iranian counterpart, Mr. Mohammed Javad Zarif. During the meeting, they discussed the bilateral relations and horizons to promote them in the interest of the two neighbouring countries; in addition to, discussing the political and security situations in the […]
IKCO Iraq "at Full Capacity"
By John Lee. Iranian vehicle maker Iran Khodro (IKCO) has exported over 6,000 vehicles to the international markets in the first half of the current Persian calendar year surpassing the car manufacturer's export record throughout last year. IKCO 's Deputy for Export and International Department, Saeed Tafazzoli said IKCO's main foreign site is located in […]