Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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)
The new Turkish Consul General in Erbil, Mr Mehmet Akif Inam, met with Minister Falah Mustafa as part of his courtesy calls with senior government officials. He previously served as a Counsellor in the Turkish Embassy in Washington DC. He replaces his predecessor, Mr Aydin Selcen. In welcoming him to his post in Erbil, Minister […]
By John Lee. Hurriyet Daily News reports that Doğuş Otomotiv, the automotive arm of Turkey’s Doğuş Holding, has said it has reached an agreement with Volkswagen and Audi to establish a company in Iraq. Doğuş Otomotiv will own 100 percent of the company that will deal with distribution and after-sale services for Volkswagen and Audi […]
On 13th July the Iraq Britain Business Council (IBBC) held its annual conference at Cumberland Lodge near London. The conference was attended by many British businessmen, heads of British companies and some Iraqi businessmen specialized in the fields of energy, infrastructure, health services. The Council, which was founded about four years ago, is managed by Baroness […]
By John Lee. Iran's outgoing president, Mahmoud Ahmadinejad, is set to make a two-day visit this week to Iraq, Prime Minister Nouri al-Maliki's spokesman said on Sunday. He is expected to arrive in Baghdad on Thursday to meet with the Prime Minister. According to a report from NCR-Iran, Ahmadinejad's visit to Iraq in 2008 prompted […]
By John Lee. The Basra Oil and Gas International Free Zone (BIOGH) and its development managers EPGI have issued its first construction license to Basra Mas Company in relation to an initial 10 year construction programme. Works commenced on site on the 9th July with handover to Basra Mas who this week began work on […]
