Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Murtada Taleb. 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. It was designed to attract investors to Iraq and although things are getting better in Basra’s duty-free zone, there are still many obstacles for foreign investors […]
The North Oil Company has announced the resumption of oil flow in the pipeline from the Kirkuk oilfields to the Turkish port of Ceyhan after being shut off for three days because of repairs to a damaged line. A source from the company was quoted by the National Iraqi News Agency, saying that the maintenance […]
Prime Minister Nechirvan Barzani met Turkey’s Prime Minister Receb Tayyip Erdogan to discuss recent developments in the Middle East, bilateral relations, the situation in Syria, developments in Iraq and the preparations for the Kurdish national congress. Mr Barzani was accompanied by the Kurdistan Regional Government’s Deputy Prime Minister Emad Ahmed, Natural Resources Minister Ashti Hawrami […]
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By John Lee. The government of Iraq wants to purchase nearly $2-billion worth military equipment from the United States. The Defense Security Cooperation Agency (DSCA) notified the US Congress of the following intended deals: 50 M1135 Stryker Nuclear, Biological, and Chemical Reconnaissance Vehicles (pictured) and associated equipment, parts, training and logistical support for an estimated […]
By John Lee. Sony has recently unveiled its extensive plan for expansion in Iraq. Along with its official business partner, Modern Electronics Iraq (MEI) Sony will look to transform the Iraqi consumers’ experience through launching its entire line-up of latest technology products, introducing experiential Sony-branded stores and setting up authorised service centres in Iraq. The […]
By John Lee. Ukraine's Minister of Economic Development and Trade, Ihor Prasolov (pictured), has told his Iraqi counterpart Khairallah Hassan Babeker [Khayri-allah Babakir, Dr Khairallah Hassan Babiker] that Ukraine is interested in increasing exports of metallurgical products to Iraq. At their meeting they also discussed the further engagement of Ukrainian machine-building companies in Iraqi projects, […]
Global law firm Eversheds has advised Citibank [Citigroup] on the registration of its representative office in Baghdad, Iraq, making it the first US bank to establish a presence in the country. According to Citi's press release, the representative office in the Iraqi capital will support Citi’s clients in the country, and the New York-based bank […]
By Haider Najm. 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. Recently conservatives in Baghdad closed several cafes by force, claiming they were fronts for immoral behaviour, prostitution and drugs. Liberals say it’s not so – and […]
By Robin Simcox, Research Fellow for Strategic Analysis, part of the Henry Jackson Society. On Sunday 14 July, over fifty people were killed in a series of terrorist attacks in Iraq. The most deadly attacks took place in Basra, where three roadside bombs killed twenty eight. A series of attacks – particularly via car bombs […]
The new US Consul General in the Kurdistan Region, Mr Joseph Pennington, met with the KRG's Head of Foreign Relations Minister Falah Mustafa as part of his introductory meetings. He was accompanied by the outgoing Consul General, Mr Paul Sutphin, and the Head of Political/Economic Section at the US Consulate General in Erbil, Mr Stephen […]
By John Lee. The Iraqi Government has announced that Thursday 18th July will be a public holiday due to the high temperatures. As a result, the Iraq Stock Exchange (ISX) will be closed. The next session will be held on Sunday (21st July). (Source: Rabee Securities)
