Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Samar Rassam-Whitticombe, 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 we wave goodbye to 2014, I am reminded of all the superb achievements of the last 12 months. The ever-changing shifts in the international socio-political scene have […]
By John Lee. Mississippi’s congressional delegation has asked Secretary of State John Kerry to help encourage Iraq to buy more US-produced rice. According to a report from Clarion Ledger, they have asked for diplomatic assistance to improve trade relations with the Iraqi Grain Board (IGB), which is expected to soon begin accepting bids on a […]
Kurdistan Region Prime Minister, Nechirvan Barzani, yesterday received the Mayor of London, Boris Johnson, accompanied by Nadhim Zahawi, member of the British Parliament and a number of British businessmen. Mr. Johnson expressed his pleasure for visiting the Kurdistan Region and witness personally the developments that have been achieved, and observe the progress made by the […]
By John Lee. Finance Minister Hoshyar Zebari received this week the CEO of the General Electric Company (GE), Mr. Aziz Koleilat, and his delegation. During the meeting, they discussed projects and activities of the company in the country in the energy, electricity and health sectors. The Minister of Finance stressed the government's keenness to secure […]
Baroness Emma Nicholson of Winterbourne, UK Trade Envoy for Iraq and Iraq Britain Business Council’s (IBBC) Chairman, met Iraq’s new Prime Minister, Mr Haider al-Abadi, for wide-ranging talks during his visit to London this week. Mr al-Abadi was attending the Lancaster House coalition conference on the situation with Da’esh (Islamic State) but was keen to […]
By John Lee. Iranian vehicle maker Iran Khodro (IKCO) has announced that it has expanded its after-sale services in Iraq. During a visit by Karbala's Governor General, Aqil Al Tarihi, to the company's factory, Managing Director Hashem Yekke-Zare'a said: "In order to increase its market share ... [Iran Khodro] has diversified its export products to […]
By John Lee. Trade between Iran and Iraq has reached $12 billion, according to the Head of Iran-Iraq Joint Chamber of Commerce, Yahya Al-e Eshaq. Addressing a conference in Tehran, he said an Iranian delegation to be headed by First Vice-President Eshaq Jahangiri will soon visit Iraq to discuss expansion of trade between the two […]
By John Lee. The Iraqi Ambassador to Malaysia, Prof. Dr. Basim Hattab Al-Tumma, has said that there are "tremendous opportunities" for Malaysian companies in the field of oil and gas exploration, infrastructure development, commodity trading, halal food and other consumer items. He said Iraq was looking forward to seeing Malaysia, a "brotherly Muslim country", assisting […]
By John Lee. South Korea has become the third largest supplier of beer to Iraq, with exports to the country reaching 6,384 tons, or US$4.48 million, last year. This puts South Korea behind Hong Kong (55,484 tons) and China (20,112 tons). Four years ago, South Korea ranked as the country’s seven-largest beer exporter. According to […]
Baroness Emma Nicholson of Winterbourne, UK Trade Envoy for Iraq and Iraq Britain Business Council’s (IBBC) Chairman, highlighted on Tuesday the fact that “despite the heavy competition from major industrial countries such as Turkey, China and South Korea there are plenty of contracts and good partnerships being forged by British companies in the Iraq’s Kurdistan […]
By John Lee. Turkey is to send a power-generation ship to Basra to help alleviate its electricity shortages. The announcement was made by Turkish Energy Minister, Taner Yildiz, on Sunday during the 17th Turkey-Iraq Joint Economic Commission meeting in Baghdad. According to Worldbulletin, the ship will add 410 megawatts to the existing capacity of 250 MW […]
By John Lee. An Iranian company has struck a $40-million deal with Iraq for the supply of high voltage cables. Alireza Kolahi, the Managing Director of Abhar Cable & Wire Co., said the contract was won despite competition from Malaysia, South Korea, Turkey, Italy, Germany, Switzerland, UAE and Saudi Arabia. He said the Iraqi electricity industry […]
