Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq plans to establish a state-funded investment bank to help finance major infrastructure projects and steer money towards private sector companies. Sami Al Araji, chairman of the National Investment Commission (NIC), told Reuters: “We need this [state-funded investment bank] to push forward the economy ... Our existing commercial banks do not have […]
The Embassy’s Commercial and Economic Sections and the U.S. Department of Commerce’s CLDP (Commercial Law Development Program), in association with the National Investment Council (NIC), hosted a seminar on "Developing Franchise Opportunities in Iraq" on January 22. The program represents a joint initiative to expand US -Iraq business engagement through franchising. The Iraqi Chamber of […]
Claudia Roth, who is the Vice-President of the German Bundestag as well as a member of Germany’s Green Party, met with the Head of the KRG Department of Foreign Relations (DFR), Minister Falah Mustafa to discuss areas of mutual concern and bilateral relations. The Ambassador of the Federal Republic of Germany, Brita Wagener, the German […]
By John Lee. Bulgaria's government has decided to open a consulate in Erbil, according to a report from Sofia News Agency. In the beginning of 2013, Bulgaria reopened its embassy in Baghdad, which had been closed since 2003. (Source: Sofia News Agency)
The United Nations Compensation Commission has made available $1.03 billion to the Government of the State of Kuwait towards the Commission’s remaining claim with an outstanding award balance. The United Nations Compensation Commission was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for […]
On Wednesday, President Obama joined Vice President Joe Biden’s meeting with Iraqi Council of Representatives Speaker Osama al-Nujaifi and a delegation of Iraqi parliamentarians. Both sides reaffirmed the importance of the strategic partnership between the United States and Iraq. The President encouraged Iraq’s leaders to continue dialogue to address the legitimate grievances of all communities […]
The US government has filed a complaint against Kellogg, Brown & Root Services Inc. (KBR) and Kuwaiti companies La Nouvelle General Trading & Contracting Co. (La Nouvelle) and First Kuwaiti Trading Co. (First Kuwaiti) for submitting false claims in connection with KBR’s contract with the Army to provide logistical support in Iraq, the Department of […]
The death toll in Iraq this month is nearly 700 and rising — the result of a wave of bombings and open clashes between government-led Iraqi security forces and Sunni extremists with ties to al Qaida. Steve Inskeep talks to former U.S. Ambassador to Iraq James Jeffrey, who says the U.S. should be doing more […]
By Padraig O'Hannelly. This week the UK hosted a delegation of business people and officials from Erbil, who came to London to promote investment in the province. The delegation would have been larger were it not for the ongoing problem of getting visas to enter the UK; despite the recent opening of a new visa […]
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. Al-basta (Iraqi goods displayed for sale on the sidewalk) used to be for the poor. It then became a small business, garnering modest profit. Today, these sidewalk displays generate regular daily […]
By John Lee. Azerbaijan is expected to open an embassy in Iraq by the end of the year. According to a report from Trend, the Iraqi ambassador to Azerbaijan, Heydar al-Barrak, told journalists that the process will take time, but he hopes to meet that schedule. He added that issues regarding the open of direct […]
The Middle East Association (MEA) and British Expertise will be leading a joint trade mission to Iraqi Kurdistan, visiting Erbil and Slemani, from 22nd-27/28th February 2014. Register your interest today to confirm your place. This mission will have a particular focus on Education, Training, and Skills, Construction and Infrastructure Development. The MEA and British Expertise […]
