Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Despite increasingly strong links between Iraq and Iran, a disagreement has broken out at ministerial level about Iran's use of water from the Wand River [Wind, Alwand, Hulwan]. According to a report from NINA, Iraq's Trade Minister, Khairallah Babekir [Khayri-allah Babakir, Khairallah Hassan Babiker], has said that he will not sign trade agreement with Iran, […]
By John Lee. Indonesia's Defence Minister, Purnomo Yusgiantoro (pictured), said on Wednesday that Iraq has expressed interest in buying Indonesian defence products. The statement came as Deputy Defense Minister Sjafrie Sjamsoeddin visits Iraq, in part to consider ways of boosting cooperation in the defense sector. “This visit is strictly bilateral and has nothing to do […]
By John Lee. The Chinese Ambassador to Iraq, Mr Ni Jian, met with Prime Minister Nechirvan Barzani yesterday to explore ways of strengthening ties with the Kurdistan Region. Ambassador Jian presented his credentials to the Iraqi President last year November, and this is his first visit to Kurdistan. In his meeting with Prime Minister Barzani, […]
By John Lee. Basra Investment Commission has published a new guide for investors, covering such areas as opportunities, taxes, and how to get a visa. The quality of the English translation is rather poor, but it is still reasonably understandable. You can download the guide here.
By John Lee. The Kurdistan Region's Ministry of Trade and Industry has said that import and export trade licences are to be written in both Kurdish and Arabic from now on. Aziz Ibrahim, Director General at the Ministry said: "The region's Ministry of Trade and Industry decided to implement the instruction of Iraq's Ministry of […]
By Abdul-Muhaymen Basel. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Mosul, still one of the most dangerous cities in Iraq, wearing a suit makes you a target for kidnapping or murder. The unexpected result of […]
Control of large parts of Syria's north east is now in the hands of the Democratic Union Party - the main Kurdish party in the region. About 2 million Kurds live in the area, making up 10 per cent of the population. There are also significant Kurdish populations in Turkey and Iraq and more in […]
By John Lee. In Iraq, car bombings and corruption are still facts of life, reports CNN, but there are signs of economic renewal. Among them is the Hummer. The U.S. Military’s armored vehicles of choice are being turned into stretch limos and rented out at $400 a day for weddings by Iraqis who can afford […]
By John Lee. AIN reports that Iraq's Ministry of Trade has registered 165 new companies in July. The Director General of registrations at the Companies Department, Feryal Akram Abdullah, told the news agency that: ''About 29 offices belonging to foreign companies have been registered as well as five branches for various foreign companies.'' (Source: AIN)
By Padraig O'Hannelly. With increasing commercial activity in Iraq, much of it by foreign-based investors, there's a growing market for adequate insurance to cover the risks. But in a country emerging from years of chaos, how can you be sure that the insurance you buy is legal and valid? To help clarify this point, Iraq […]
By John Lee. Two contracts have been signed with a company from the United Arab Emirates to invest in the Zubair Free Zone, according to a report from Aswat al-Iraq. AIN names the company as "Oren Hidrocker Pons", and says it is a specialist in the chemical industry. One project is described as "commercial", the […]
By John Lee. Reuters reports that Iraq's acting Minister for Defence, Sadoun al-Dulaimi (Sadun al-Dulaymi) (pictured), has been in Russia to negotiate the purchase of air surveillance equipment. Hakim al-Zamili, a member of the parlimantary security and defence committee, told the news agency: "There is a delegation, headed by the minister of defence and the commander […]
