Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Iraq has awarded Thailand with the tender announced last month seeking a minimum of 30,000 tons of rice, and will purchase a total of 80,000 tons of rice from Thailand. Thai rice was amongst the lowest offers in the tender that closed on March 31, which included invited applications from the U.S., Uruguay, Argentina and […]
By Matthew Gayle. According to Bloomberg, Oil Minister Abdul Kareem al-Luaibi [Elaibi] recently said that Iraq is seeking a long-term accord to boost oil exports to China as OPEC's second -biggest producer increases output from fields operated by companies like Royal Dutch Shell (RDSA). Crude exports from Iraq to China average 500,000 barrels per day, […]
By John Lee. Ambassador Gamal Bayoumi (pictured), Secretary General of the Federation of Arab Investors, has said that the Egyptian trade office in Baghdad proposed to open a trade center in Iraqi Kurdistan as soon as possible. According to a report from Aswat al-Iraq, he said the new office will promote Egyptian trade and investment […]
The Iraq Britain Business Council has boosted its operations in Iraq by opening a new office in Erbil. The IBBC’s new office is inside UB Holding at UB Plaza in Erbil’s Gulan Street. In the coming weeks an office manager will be hired. VIP guests included KRG Trade and Industry Minister Sinan Çelebi, British Consul […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq, with its privileged geographical location, plans to improve the performance of its three free-trade zones. It also intends to establish new free-trade zones as part of efforts to diversify its […]
Canada's Foreign Affairs Minister, John Baird (pictured), issued the following statement on Monday: “Today’s opening is a historic milestone in Canadian relations with Iraq and comes at a pivotal moment. Ten years after the Iraqi intervention, Iraq is one of the fastest-growing economies in the world, despite deep and lingering sectarian tensions. “With conflict raging […]
By John Lee. Chinese fast-food chain CaliBurger has announced that it has signed a franchise agreement to begin opening CaliBurger restaurants in Kuwait and Iraq. According to a report from Fast Casual, the franchisee, Ali Hashem, will have rights to open multiple units in Kuwait and serve as the master franchisee for Iraq. Hashem is […]
By John Lee. During its participation in the 24th Arab Summit held in Doha, the Iraqi delegation headed by His Excellency the Vice President Dr. Khudair al Khuzaie, with Foreign Minister Hoshyar Zebari and their accompanying delegation, met a number of Arab kings, presidents and leaders. The delegation met Emir of Qatar Hamad bin Khalifa […]
The following is the text of the speech and press conference of US Secretary of State, John Kerry, in Baghdad: Secretary Kerry: Good afternoon. As-Salāmu `Alaykum. I’m glad to be here with all of you, and it’s a pleasure for me to be able to be back in Iraq. I haven’t been able to be […]
Foreign Minister Hoshyar Zebari headed the Arab League Council at the ministerial level on Sunday. In the opening session minister Zebari gave a speech in which he stressed the achievements of the Iraq's presidency to the 23rd Arab Summit, indicating the Iraq's positions towards the issues of the Arab region, particularly the Palestinian issue and […]
Hilton Worldwide today announced its expansion in Iraq's semi-autonomous region of Kurdistan into the city of Sulaymaniyah following the signing of a management agreement with Kurdonia Company for Tourism & Hospitality Ltd, owned fully by Hiwa Rauf Company. The new build, 223-room DoubleTree by Hilton Sulaymaniyah is expected to open early 2015. The hotel will […]
Distinguished Guests, Ladies and Gentlemen Thank you for inviting me to address this important forum on energy and foreign policy. We in the Kurdistan Region of Iraq have a great respect for Germany, one of the world’s most successful and established federal democracies. Ten years ago, the US and its allies removed Saddam Hussein from […]
