Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
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 has continued to implement strict inspection measures on imported goods through its maritime ports in the southern city of Basra, after having been accused of turning into “a warehouse for […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Over the past decade, tens of thousands of Iraqis have fled their country to resettle in Sweden. Iraqi-born Swedes are today one of the largest ethnic minority groups living in Sweden. In 2007, […]
There are 2,300 foreign firms working in Iraqi Kurdistan, in addition to approximately 15,000 local companies, according to a report from Shafaaq News. The KRG's Minister of Trade and Industry reportedly added: "It is necessary to take into consideration the significance of those companies when fining or penalizing them." (Source: Shafaaq)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It is one of the toughest places in the world to live, much less make a film. But that has not stopped Iraqi film-makers from pursuing their passion. Iraq's ancient city of Baghdad […]
In March the Iraq Club celebrated its 1st anniversary with a fun and informative event held in Dubai Marina. The anniversary event was attended by 100 senior energy and infrastructure professionals actively engaged in Iraq. The Club was honoured with a presentation by His Excellency, Ismat Ageed Siddiqi, Ambassador-Consul General to UAE–Dubai. Kyle Stelma, Managing […]
