Archive | Iraq Industry & Trade News

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

KRG Welcomes new UK Consul General

The Head of the KRG Department of Foreign Relations (DFR), Minister Falah Mustafa, received the new British Consul General to Kurdistan Region, Mr Angus McKee. During the meeting which was attended by Ms Siham Jabali, Assistant Head of the DFR, Minister Mustafa congratulated Mr McKee on his new posting and expressed the DFR’s readiness to […]

Najaf to Boycott Saudi Goods

By John Lee. The Provincial Council of Najaf has reportedly decided to boycott Saudi Arabian merchandise because of what it describes as Riyadh's support for sectarian and terrorist groups fighting in Iraq. The Media Director of Najaf's Provincial Council told AIN: "The merchants who will violate this decision will be punished after the period given […]

Canon Focuses on Iraq Expansion

Canon Middle East has appointed Creative Force to expand its professional video business in Iraq. Focused on the broadcast and production industry, the collaboration is part of Canon's strategy of diversification into new business domains such as professional cinematography and pro-video. According to a BBC report, up to 97% of homes in Iraq have a […]

Zebari Meets New Indian Ambassador

By John Lee. Minister of Foreign Affairs Mr. Hoshyar Zebari received on July 8, 2014, Mr. Ajay Kumar, the new ambassador of the Republic of India in Baghdad and received a copy of his credentials in a ceremony took place in the office of the ministry. The minister welcomed the guest praising the friendly relations […]

F-16 Delivery "at Risk of Cancellation"

By John Lee. The Iraqi government is reportedly threatening to cancel the strategic framework agreement (SFA) it signed with the US in 2008, because of a delay in the supply of 36 F-16 fighter jets. Air Force Technology cites a U.S. official as saying that the plan to deliver the F-16s and Apache helicopters is […]

Israeli PM backs Kurdish Independence

By John Lee. Israeli prime minister Benjamin Netanyahu (pictured) has expressed his support for Kurdish statehood, taking a position that appears to clash with the US preference to keep Iraq united. In a speech to a Tel Aviv thinktank on Sunday, Netanyahu called for the establishment of an independent Kurdistan as part of a broader […]

Iraq Unrest Costs Jordan $113m/mth

By John Lee. Middle East Monitor reports that the unrest in Iraq costs Jordanian industries approximately $113 million per month. The Chairman of Jordan's Small and Medium Enterprises (SMEs) Association, Fathi Jaghbir, said exports to Iraq have "almost stopped", adding: "The unstable situation in Iraq has damaged a large industry in Jordan. Iraq is one of […]

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Inside IS’ Mosul

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. Inside IS’ Mosul: No Fuel, New Fashions and Banned Christian Water Workers It has been several weeks since Sunni Muslim extremists took over the northern Iraqi city of Mosul. Locals […]

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Zebari Receives Hungarian Ambassador

Minister of Foreign Affairs Mr. Hoshyar Zebari received on July 3, 2014, at the headquarters office of the ministry, Mr. Tibor Stmari Hungarian Ambassador in Iraq. During the meeting, they discussed bilateral relations between the two countries. The Minister stressed that Iraq is looking forward to the evolution of the historical relations between the two […]

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Saudi Pledges $500m in Aid

By John Lee. An official source at the Saudi Arabian Ministry of Foreign Affairs has said that King Abdullah bin Abdulaziz Al Saud has ordered  $500 million of humanitarian aid for Iraqi people affected by the recent tragic events, including displaced people, regardless of their religious, doctrinal or ethnic affiliations. The United Nations Secretary General […]

SI Retail Opens First Auchan Store in Erbil

On Wednesday, June 25th 2014, the first hypermarket under the French Auchan banner was opened in the Kurdistan Region of Iraq. This 6,000 sqm store is part of a 106-shop mall, located near the center or Erbil [Hewlêr]. The opening of this store is based on a franchise agreement between the Auchan Group and SI Retail, one […]