Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

Foreign Minister Meets Chinese Ambassador

By John Lee. Foreign Minister Hoshyar Zebari has met with the Ambassador of the People's Republic of China, Ni Jian. The two sides discussed the developing relations between the countries and ways of enhancing them . The Minister conveyed a letter from the Iraqi government to the Chinese Ambassador about the ongoing deliberations at the […]

New Ambassador from Bosnia and Herzegovina

By John Lee. Foreign Minister Hoshyar Zebari has received a copy of the credentials of the newly appointed Non-Resident Ambassador of Bosnia and Herzegovina, Darko Zelenka. During the ceremonies, Minister Zebari welcomed the Ambassador and stressed the Iraqi government's keenness on developing and relations and the Foreign Ministry's readiness to provide the needed support for […]

Sadrist MP calls for Abolition of NIC

By John Lee. A member of parliament belonging to the Sadr Trend party has called for the abolition of the National Investment Commission (NIC). Abdul Hussein Risan al-Husseini, of Ahrar bloc of Sadr Trend, told All Iraqi News Agency (AIN): "The Commission is useless and some Ministers and officials admitted its failure to perform. "There […]

Foreign Minister Zebari Meets US Ambassador

By John Lee. Minister of Foreign Affairs, Hoshyar Zebari, met with the U.S. Ambassador to Iraq, Robert Beecroft, at the Ministry's HQ on Tuesday. They discussed the Strategic Framework Agreement (SFA) and the debates at the UN Security Council to terminate the mandate of the Special Coordinator for missing Kuwaiti people and properties, and to remove […]

The New Iraq: 2013 Discovering Business

This week marks the 150th edition of our Iraq Business News newsletter, and we are delighted to mark the occasion by bringing you a major new guide to business in Iraq. Published by Allurentis, in association with Iraq's National Investment Commission (NIC) and UK Trade & Investment (UKTI), the fourth edition in the annual New […]

Iraq Closes Jordanian Border

By John Lee. Iraqi troops have closed the only major border crossing with Jordan on Wednesday, after Sunni Muslim demonstrators blocked a highway to Syria and Jordan as part of mass protests against Shi'ite Prime Minister Nouri al-Maliki. The crossing at Traibil [Turaybeel, Tirbil, Tarbiel] (pictured) is in the Sunni province of Anbar, where protests […]

$4.6bn Iranian Exports to Iraq in 9 Months

By John Lee. Iran's exports to Iraq totalled $4.59 billion during the last nine months, reports the country's IRNA news agency. The Iranian customs department announced at the beginning of last December that Iraq is "a pioneering state in importing Iranian commodities". Aswat al-Iraq reports that since the downfall of the previous regime in 2003, […]

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Iraq Remains Largest Importer of Jordanian Products

Iraq is still considered Jordan's best market for exports ahead of Saudi Arabia, India and the United States, according to the Amman Chamber of Industry (ACI). According to ACI statistical report, Jordanian exports to Iraq by the end of November of last year reached JD813 million, accounting by 22 per cent of the Chamber's exports. […]

US Judge Leads Workshop on Letters of Credit

The U.S. Embassy to Iraq hosted a workshop at Iraq's Judicial Development Institute from December 17-20 on the role of judges in adjudicating disputes involving letters of credit. U.S. Federal Judge Jed S. Rakoff, representing the U.S. Department of Commerce’s Commercial Law Development Program (CLDP), led the workshop with the assistance of the Institute of […]

Basra to Open Border Crossing with Saudi Arabia

By John Lee. Informed sources in Basra claim that the provincial government intends to open a border crossing with Saudi Arabia with the aim of increasing exports. Both NINA news agency and Aswat al-Iraq report that the crossing will be in the Ouja al-Batin area, northwest of Basra. The crossing is expected to be opened […]

Kurdistan and South Korea Cement Relations

Minister Falah Mustafa, the KRG's Head of Foreign Relations, met with Mr Tae-In Chung, the Deputy Director General for the African and Middle Eastern Affairs Bureau of the Ministry of Foreign Affairs and Trade of South Korea to discuss bilateral ties. Both sides discussed areas of cooperation in political, economic, and cultural fields between Kurdistan […]

Diplomats in Erbil Reflect on 2012  

Minister Falah Mustafa Bakir, the Head of the Department of Foreign Relations, on Sunday hosted a meeting with the diplomatic corps and other foreign representatives to reflect on and discuss key events in 2012. Minister Bakir reflected on the growing diplomatic presence in Kurdistan as a testament of its successful outreach policy with the international […]

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