Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Raid Abu-Manneh. This article first appeared in Building, and is published by Iraq Business News with the kind permission of the author. A decade after the invasion of Iraq there are opportunities for UK firms in the country’s infrastructure sector. But they must be aware of the legal framework they will be working in. […]
By John Lee. Iraqi authorities took a decision on Monday to allow 140 Jordanian trucks to enter through the Traibil [Turaybeel, Tirbil, Tarbiel, Trebil] border crossing, according to Jordan's ambassador to Iraq, Mohammad Al Quraan. Jordanian government news agency Petra reports that the decision came following continuous efforts by the Jordanian government, through its embassy in […]
The Executive Chairman of the Iraq Britain Business Council (IBBC), Baroness Nicholson (pictured), has announced the biggest ever British trade mission to Iraq. In a massive push to boost UK business in Iraq the IBBC will take a 100 companies to Baghdad, Basrah and Erbil in mid-June. A senior UK government minister will co-lead the […]
The Head of Iraqi Task Force at the Italian Ministry of Foreign Affairs, Mr Massimo Bellelli, visited Kurdistan on Sunday to brief KRG officials about current and future projects. Italy currently has an Embassy Consular Office in Erbil headed by Dr Simone De Santi. Speaking about Italy’s commitment and engagement, Mr Bellelli discussed several projects […]
The Kurdistan Regional Government’s Head of Foreign Relations last week in Stockholm re-inaugurated the KRG Representation and had follow-up discussions with the Swedish Ministry of Foreign Affairs and Members of Parliament. At the inauguration ceremony Minister Falah Mustafa Bakir was joined by several officials from Sweden’s Ministry of Foreign Affairs, the Deputy Head of the […]
By John Lee. The head of Kuwait's Compensation Claims Commission, Khaled Al-Mudhaf, has told KUNA news agency that Iraq paid Kuwait $1.3 billion in January and $1.13 billion on 25th April, as part of the compensation due for the invasion in 1990. Arabian Business reports that during a speech at the Geneva-based UN Compensation Commission, […]
By John Lee. Lockheed Martin Aeronautics has been awarded an $830-million, firm-fixed-price, cost-plus-fixed-fee contract for the production of an additional 18 F-16 aircraft for the Iraqi Air Force. The deal includes associated support equipment, technical orders, integrated logistics support, contractor logistics support and an electronic warfare system. Work will be performed in Fort Worth with […]
By John Lee. Iraq has closed its Traibil [Turaybeel, Tirbil, Tarbiel, Trebil] border crossing with Jordan "until further notice", due to the ongoing anti-government protests and the deterioration in security in Anbar province, a provincial police source told Xinhua. The closure is expected to negatively affect commercial traffic between Iraq and Jordan which has been […]
The Iraq Britain Business Council (IBBC) has announced its third Mansion House Iraq Day conference, which will be attended by UK Energy Minister, Michael Fallon; UK Foreign Minister, Alastair Burt; Iraq’s Communications Minister, Torhan al-Mufti; and, Deputy Social Affairs Minister, Dara Reshid Yara. Other speakers include Brian Redford, Regional Director, UK Borders Agency (UKBA), and […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Arab states no longer look at the Kurdistan Region of Iraq with suspicion and apprehension, especially after the regional capital, Erbil, was selected as the Arab Capital of Tourism for […]
The Minister of Industry and Minerals, Ahmed al-Karbuli [Ahmad Nassir Al-Karbooli] (pictured) has said that the rehabilitation of the industry in Iraq is not an easy task and will require years to complete. He told AIN: "The Ministry of Industry is keen to rehabilitate factories which are already 70 percent renovated." (Source: AIN)
Iraq's General Commission for Free Zones, part of the Ministry of Finance, has announced the conclusion of a number of investment contracts in the Khor al-Zubair Free Zone. AIN reports that the local (Rashid) Trade Company concluded an investment contract involving a land area of "up to" 4000 sq meters, while another local investor concluded […]
