Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Foreign Minister of Belarus, Mr Vladimir Makei, arrived in the Kurdistan Region yesterday to strengthen bilateral relations and sign a memorandum of understanding. Prime Minister Nechirvan Barzani, Deputy Prime Minister Qubad Talabani, and senior KRG officials received the Foreign Minister and his delegation. In the meeting, both sides exchanged views on bolstering relations and […]
Mr Miroslav Dosek, Head of Middle East and North Africa section of the World Economic Forum (WEF), visited the KRG Department of Foreign Relations to discuss economic developments in Kurdistan as well as the current security and humanitarian situation. Mr Dosek said, “The achievements and the success of the Kurdistan Region are very much lauded […]
By John Lee. BasNews reports that the unemployment rate in Kurdistan has risen from 7 percent at the end of 2013 to 10 percent currently. The number unemployed is nearly 100,ooo, of which 52 percent are men. The increase has been blamed on the general economic situation in Iraqi Kurdistan, and on the sanctions that Baghdad […]
By John Lee. The new Minister of Foreign Affairs, Dr. Ibrahim al-Jaafari has met the new French Ambassador to Iraq, Mr. Francois Bartley, and received a copy of his credentials. During the meeting, they discussed relations between Iraq and France and ways to enhance prospects of joint cooperation. They also discussed the ongoing preparations for […]
By John Lee. Influential trade body, the Iraq Britain Business Council (IBBC), has welcomed three new members since the start of August: Zaha Hadid Architects (ZHA), the internationally renowned design firm – with British-Iraqi Pritzker Architecture Prize winner Zaha Hadid at its helm – is set to bring its bold and visionary design to Iraq, […]
By John Lee. German car maker Audi has said that supply of its cars to Iraq is "on hold". Jan-Hendrik Schmitt, Audi Middle East’s Sales Director, added that "Audi Middle East is working to support its dealer-partner during this difficult time and until the situation improves” . GulfNews reports that shipments meant for Iraq are […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced that a memorandum of understanding (MoU) has been signed with the Babylon Investment Commission. Mr Alaa Harba, Chairman and Director General of the Commission, and Baroness Nicholson signed the memorandum on 3rd September at the IBBC’s London office. The MoU can be seen here. […]
Prime Minister Nechirvan Barzani yesterday chaired a meeting of the Kurdistan Region’s High Council for Investment to discuss various issues related to investment and the economy. In the meeting, implications of the current situation and the latest developments in the Kurdistan Region were discussed, as well as the economic crisis and the effects that Baghdad’s […]
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. Underage and Trapped: Female Iraqi Factory Workers Need Help Shayma Hassan, 16, walks 2 kilometers (1.2 miles) each day to the brick factory in Bahr al-Najaf in the city of Najaf, […]
By John Lee. The Iranian FARS news agency reports that former Iranian Oil Minister Rostam Qassemi (pictured), who is now in charge of an economic body charged with improving Iran-Iraq trade ties, said Iran can double its non-oil exports to Iraq to $30 billion. Addressing a Joint Iran-Iraq Trade Conference in Tehran on Tuesday, Qassemi […]
By John Lee. Mantid International has formed a joint venture with architecture and engineering consulting firms Laceco and Allen & Shariff Consortio International to provide full service consulting services to the Governorate of Babil. The MLA joint venture was awarded the contract for $10.6 million, renewable for four years. The team will be responsible for […]
Minister for the Middle East Tobias Ellwood (pictured) visited Iraq with the Secretary of State for International Development, Justine Greening, and the Government’s Security Envoy to the Kurdistan Region of Iraq, Lieutenant General Sir Simon Mayall, to promote political unity in the country and to urge the immediate formation of a representative government. The delegation […]
