Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The United Nations Compensation Commission has paid $990 million to Kuwait resulting from Iraq's 1990 invasion of the country. The payment brings the total paid so far to $45.5 billion, leaving approximately $6.9 billion remaining to be paid. (Source: United Nations Compensation Commission) (Dollars image via Shutterstock)
In partnership with the Swedish Institute in Alexandria and Casa Árabe in Cordoba, Wilton Park held a conference entited Women in the private sector in the Middle East and North Africa recently in Spain. The conference identified the opportunities and constraints in women’s economic involvement and economic empowerment in the private sector in the MENA […]
The Head of the Department of Foreign Relations (DFR), Minister Falah Mustafa met today with the Slovakian Ambassador to Iraq, Mr. Miloslav Nad to discuss furthering bilateral relations between the Slovak Republic and Kurdistan. The meeting was also attended by the Assistant Head of the DFR, Ms. Siham Jabali and the Honorary Consul of the […]
The Kurdistan Region is open for business and British companies are welcomed, Kurdish officials told members of British Expertise, a leading trade association at a seminar last week. Minister Falah Mustafa, Head of the Kurdistan Regional Government's Department of Foreign Relations, and Bayan Sami Abdul Rahman, the KRG's High Representative to the UK, were joined […]
By John Lee. Iraq’s former planning minister, Mahdi Al-Hafez, has told Asharq Al-Awsat that Iraq must diversify to reduce its decades-long reliance on oil as the main contributor to its GDP. He told the news agency: “The desired tasks for economic reform require the reduction of the domination of oil revenue on the economic situation […]
By John Lee. Militants have reportedly closed the Euphrates River dam they control in Iraq, cutting off a major source of water for central and southern Iraq. AFP reports that militants had previously cut the flow of water through the dam near the city of Fallujah several weeks ago, but reopened it when water accumulated […]
The Special Representative of the United Nations Secretary-General (SRSG) Mr. Nickolay Mladenov (pictured) has reaffirmed UN support to Iraq in its fight against corruption. This came at the opening session of the Baghdad Second International Forum on Stolen Assets Recovery, which was organized by the Integrity Commission. “The UN is taking accountability, transparency and anti-corruption […]
The Bulgarian Deputy Minister of Economy and Energy, Krassin Dimitrov, visited the KRG Department of Foreign Relations today to brief officials about his visit to Kurdistan. He is leading a delegation comprised of officials from both the public and private sectors visiting Kurdistan. The Iraqi Council of Ministers approved the Bulgarian government’s request to open […]
By John Lee. The Government of Iraq has reportedly renewed its one-year $960,000 PR contract with Podesta Group to "promote a better understanding with the US of its priorities and concerns". The work, which runs through 2014, is designed to “further the purposes of the Strategic Framework Agreement” and facilitate a dialog with the American […]
By John Lee. Bloomberg reports that GlaxoSmithKline (GSK) is investigating allegations of improper conduct in Iraq. The company said: “These allegations relate to a small number of individuals. However, we are investigating whether there has been any improper conduct. We have zero tolerance for unethical or illegal behavior.” The Wall Street Journal reported that Glaxo […]
The Head of the KRG's Department of Foreign Relations, Minister Falah Mustafa, and Assistant Head of the DFR, Ms. Siham Jabali, met with the Director of the German Institute for International and Security Affairs (SWP), Dr. Volker Perth, to brief him on KRG foreign and domestic policy and the current political developments in Kurdistan, Iraq, […]
A delegation from the Middle East Institute, an American think tank, visited the Kurdistan Regional Government’s Department of Foreign Relations where they met with the Head of the DFR, Minister Falah Mustafa, and the Assistant Head of the DFR, Siham Jabali. The delegation, headed by former Ambassador Wendy Chamberlin, discussed their visit to Kurdistan, highlighting […]
