Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
This week marks the 150th edition of our Iraq Business News newsletter, and we are delighted to mark the occasion by bringing you a major new guide to business in Iraq. Published by Allurentis, in association with Iraq's National Investment Commission (NIC) and UK Trade & Investment (UKTI), the fourth edition in the annual New […]
By John Lee. Iraqi troops have closed the only major border crossing with Jordan on Wednesday, after Sunni Muslim demonstrators blocked a highway to Syria and Jordan as part of mass protests against Shi'ite Prime Minister Nouri al-Maliki. The crossing at Traibil [Turaybeel, Tirbil, Tarbiel] (pictured) is in the Sunni province of Anbar, where protests […]
By John Lee. Iran's exports to Iraq totalled $4.59 billion during the last nine months, reports the country's IRNA news agency. The Iranian customs department announced at the beginning of last December that Iraq is "a pioneering state in importing Iranian commodities". Aswat al-Iraq reports that since the downfall of the previous regime in 2003, […]
Iraq is still considered Jordan's best market for exports ahead of Saudi Arabia, India and the United States, according to the Amman Chamber of Industry (ACI). According to ACI statistical report, Jordanian exports to Iraq by the end of November of last year reached JD813 million, accounting by 22 per cent of the Chamber's exports. […]
The U.S. Embassy to Iraq hosted a workshop at Iraq's Judicial Development Institute from December 17-20 on the role of judges in adjudicating disputes involving letters of credit. U.S. Federal Judge Jed S. Rakoff, representing the U.S. Department of Commerce’s Commercial Law Development Program (CLDP), led the workshop with the assistance of the Institute of […]
By John Lee. Informed sources in Basra claim that the provincial government intends to open a border crossing with Saudi Arabia with the aim of increasing exports. Both NINA news agency and Aswat al-Iraq report that the crossing will be in the Ouja al-Batin area, northwest of Basra. The crossing is expected to be opened […]
Minister Falah Mustafa, the KRG's Head of Foreign Relations, met with Mr Tae-In Chung, the Deputy Director General for the African and Middle Eastern Affairs Bureau of the Ministry of Foreign Affairs and Trade of South Korea to discuss bilateral ties. Both sides discussed areas of cooperation in political, economic, and cultural fields between Kurdistan […]
Minister Falah Mustafa Bakir, the Head of the Department of Foreign Relations, on Sunday hosted a meeting with the diplomatic corps and other foreign representatives to reflect on and discuss key events in 2012. Minister Bakir reflected on the growing diplomatic presence in Kurdistan as a testament of its successful outreach policy with the international […]
By John Lee. Mawtani reports that the Iraqi government has approved the construction of a private free-trade zone south of Baghdad. Sabah al-Qaisi (pictured), the chairman of the Ministry of Finance's General Commission for Free Zones, told Mawtani: "[The Ministry of Finance's General Commission for Free Zones] approved two requests submitted by a group of local […]
By John Lee. Bulgaria has pledged to open an embassy in Iraq in January, according to a report from Novinite. In an interview for the Bulgarian National Radio, senior Iraqi parlamentarian Humam Hamoudi said that Iraq and Bulgaria need to boost bilateral relations. He added: "Iraq is very interested in Bulgaria's experience in the health sector, […]
The UK's Middle East Association (MEA), in partnership with the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan from 24th February to 1st March 2013, visiting Erbil and Duhok. The Kurdistan region remains one of the MEA’s major success stories. In October we took another large UK trade delegation to the […]
By John Lee. The Kurdistan Regional Government (KRG) has suggested establishing a special area for Jordanian industries in the region. Aswat al-Iraq reports that during the visit of 42 Jordanian businessmen and exporters, discussions were held to enhance private sector trade relations. The visit was organized by Jordanian Capital Bank, the fourth in Jordan, with […]
