Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. A couple of weeks ago, the former British Prime Minister Tony Blair addressed the Iraq Britain Business Council’s 4th London Conference on the theme: “Iraq: The Road To Success?” Mr Blair will always be associated with Iraq, positively or negatively, depending on ones view, and he has a keen understanding of the […]
By John Lee. Prime Minister Nechirvan Barzani and a delegation of senior officials from the Kurdistan Region concluded a two-day visit to the Islamic Republic of Iran yesterday to promote greater cooperation in economic and trade relations. With the volume of trade between the Kurdistan Region and Iran estimated to be around $8 billion this […]
By John Lee. Iran’s Vice President for International Affairs, Ali Saeedlou, led a high level political and economic delegation representing about one hundred Iranian companies to the Kurdistan Region to participate in a high profile business conference today. The Iranian – Kurdistan Region Economic Forum follows a visit to Iran by Prime Minister Nechirvan Barzani […]
By John Lee. Iraq needs up to $1 trillion over the next 10 years to rebuild its crumbling infrastructure and battered economy, the head of the National Investment Commission (NIC), Sami al-Araji (pictured), said at the Baghdad International Fair. "We are talking about the reconstruction of Iraq, a minimum requirement of money ... is about […]
By John Lee. The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to guarantee a JPMorgan Chase loan totaling $35 million to Devco International LLC (Devco) of Tulsa, Okla., for the design and construction of a sulfur purification plant in Mosul, Iraq. Ex-Im Bank's financing will support approximately 380 U.S. jobs, […]
By John Lee. Dubai Chamber of Commerce and Industry is to set up representative office in Iraqi Kurdistan next yea, the chamber's chairman has announced. Abdul Rahman Saif Al Ghurair said: "The new office will help boost the presence of Dubai businesses in the Northern region of Iraq as the country was the second largest […]
By John Lee. The Special Representative of the Secretary-General (SRSG) for Iraq, Mr. Martin Kobler, has concluded a two-day visit to Basra, where he met with the Governor, Dr. Khalaf Abdul-Samad, and with the Director of the Basra office of the Independent High Electoral Commission (IHEC), Mr. Hazim Joda. “This has been a very fruitful […]
By Padraig O'Hannelly. On the day Iraq announced that Exxon Mobil wants to abandon its business in southern Iraq in favour of potentially more profitable contracts in Iraqi Kurdistan, the Oil Ministry has cancelled a major exploration deal with Turkey's TPAO. The reasons were described as "non-technical", with the decision coming from the cabinet; the […]
Izumi Kobayashi, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA) -- the political risk insurance arm of the World Bank Group -- will visit Iraq, Jordan, and the West Bank and Gaza in early November. During her visit, she will discuss opportunities for private sector investment and raise awareness of how MIGA's investment […]
Romanian Foreign Minister Titus Corlăţean concluded an official visit to the Kurdistan Region yesterday in which he met with KRG Prime Minister Nechirvan Barzani and officially opened the Consular Office of the Romanian Embassy in Erbil. The Foreign Minister expressed admiration for the political and economic developments in the Kurdistan Region and said that the […]
By John Lee. Deputy Prime Minister Saleh al-Mutleg [Salih al-Mutlaq] met the Serbian Minister of Trade and Transportation, Rasim Letantj, to discuss economic cooperation between the two countries. AIN reports that "the two sides discussed several common [causes] such as activating the economic and agricultural cooperation frameworks as well as exchanging the expertise in industry […]
By John Lee. His Excellency Prime Minister Nouri Al-Maliki met the Romanian Foreign Minister Mr. Titus Corlăţean at his office on Sunday. The Prime Minister called for increasing cooperation between the two countries at various levels, stressing Iraq’s readiness to develop its long standing relations with Romania in all areas, especially in the fields of […]
