Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq’s Free Zone Authority (FZA), an independent authority under the Ministry of Finance, has signed an agreement with the City Centre for Vehicles Services Company to approve a new free zone in Baghdad. The Director General of the Authority, Sabah Salih al-Qaisi (pictured), said the new free zone would be in the Awiridj […]
International developer EPGI has announced that they have been awarded the development management contract to develop and build the new Basra Oil and Gas International Free Zone in Iraq. The project is the second largest of its kind in the world covering over 11 million square metres, and is strategically located near the southern Iraq […]
By John Lee. Bulgaria's Minister of Foreign Affairs, Nikolay Mladenov (pictured), has opened a new Bulgarian Embassy in Baghdad. The Minister's Chief of Staff, Valeri Rachev, has been appointed Ambassador in Baghdad on a temporary basis until the Cabinet appoints a permanent representative. Bulgaria had an Embassy in Iraq, but it was closed in 2003 […]
By Padraig O'Hannelly. Iraq has many assets, and while oil is the first that comes to mind, we should not forget the multitudes of Iraqis who live outside their country of birth -- the Iraqi diaspora. Estimates vary, but there are probably between four and five million Iraqi-born emigrants living in a wide range of […]
The United Kingdom’s Trade Minister Lord Green met with local business leaders, British company executives, as well as the Iraq Britain Business Council representatives in Basrah today (23rd). The hour long meeting focussed on the security environment in Basrah and business opportunities for British companies in the region. Executives from IBBC member firms Mott Macdonald […]
By John Lee. Prince Salman bin Abdul Aziz opened the Arab Summit of Economic and Social Development in the presence of Arab kings and presidents in Riyadh on Monday. His Excellency the Vice President, Dr. Khudair Khuzaie presided the delegation of the Republic of Iraq to this summit. The delegation included the Minister of Foreign […]
The UK's Middle East Association invites you to register for what promises to be an engaging and interactive event led by a panel of experts who will outline some of the challenges, risks and also potential causes for optimism for the year ahead in the Middle East and North Africa. Following two years of major […]
President of Iraqi Kurdistan, Masoud Barzani, hosted foreign diplomats and representatives of international organizations based in Erbil last week to discuss the latest political and economic developments in Kurdistan and in Iraq and to reflect on 2012. The annual gathering, attended by Minister Falah Mustafa Bakir, Head of KRG Department of Foreign Relations, touched on […]
By John Lee. Japanese precision equipment maker Shimadzu has won ¥1.5-billion ($17-million) worth of contracts from the Iraqi government. Japan Times reports that the machines — 106 for stomach X-rays and 27 for chest examinations — will be installed at public hospitals in Iraq from February. With the country expected to build new hospitals and […]
By John Lee. Foreign Minister Hoshyar Zebari met the Swedish Ambassador to Iraq, Mr. Jörgen Lindström, in the Ministry buildings on Thursday. During the meeting they discussed economic and commercial relations and the mutual visits between officials of the two countries. They also discussed the Syrian crisis and the situation of Syrian refugees in neighboring […]
By Stephen Beecroft, US Ambassador to Iraq. Last month marked the one-year anniversary of the U.S. military withdrawal from Iraq and the beginning of a new chapter in our bilateral relationship. Over the past year, Iraq has assumed an increasingly prominent place in the region politically and economically. For example, Iraq hosted an Arab League […]
By John Lee. The Deputy Prime Minister, Salih al-Mutleg [Saleh Al-Mutlaq], hosted the Australian Ambassador to Iraq, Lyndall Sachs (pictured), at his office in Baghdad. AIN reports that the two sides discussed encouraging Australian investment companies to work in industrial, agricultural and humanitarian development fields. The Ambassador said her country was ready to offer all support […]
