Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
The following is the text of a speech to be delivered this morning by former British Prime Minister Tony Blair, who is addressing the Iraq Britain Business Council’s 4th London Conference on the theme: "Iraq: The Road To Success?" This conference I know is one of several taking place that highlight the economic opportunity Iraq […]
By John Lee. The new Syrian Ambassador in Baghdad, Sattam Jadaan Al Dandah, presented his credentials to Foreign Minister Hoshyar Zebari on Thursday. During the meeting, they discussed relations between the two countries and peoples, in addition to the developments of the Syrian crisis. The Minister stressed the ministry's readiness to provide assistance and support […]
By John Lee. United States Ambassador Stephen Beecroft (pictured) inaugurated the U.S. Pavilion at the 39th Baghdad International Fair. The U.S. Pavilion houses booths for over 35 organizations, including 24 companies, seven universities, and three U.S. government agencies. The Pavilion features bilingual staff to welcome visitors and connect them with appropriate companies or universities, as […]
More and more Iraqis are frequenting restaurants in Baghdad and in other major cities across the country to eat the signature dish "masgoof", as once rampant violence has declined. As a result, the fishing industry and restaurants serving the iconic cut-open carp that is best eaten in groups, are seeing a boom: (Source: AFP)
Advertising Feature The 5th International Exhibition for Agriculture, Food, Food Processing and Packaging, Iraq Agro-Food 2012, is the ideal platform for the suppliers of Iraq’s main agricultural and nutritional needs. Organized by International Fairs & Promotions (IFP) Iraq, under the auspices of the Iraqi Ministry of Agriculture and the Ministry of Agriculture and Water Resources […]
By John Lee. A group of Iranian companies has announced its intention to invest in the industrial and oil sectors in Basra. The Basra Investment Commission says that $310 million dollars will be invested. The Iranian group's representative, Hussein Binae, siad the group will spend $60 million on a factory to make cables and electric […]
By John Lee. The Customs Director of Iran's Kurdistan Province has said that $416-million worth of commodities have been exported to Iraq from this western province since the start of current Iranian year, March 20, 2012. Talking to the Iranian news agency IRNA, Mohammad Shahbazi said this represented an increase of 21 percent compared to […]
