Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
In Salahaddin on Monday KRG President Masoud Barzani welcomed the outgoing German Ambassador Christian Berger, who came to bid farewell to the Kurdistan Region as he concludes his term in Iraq. President Barzani thanked the Ambassador for the important contributions of the German people and government toward the ongoing development of Kurdistan, and Germany’s significant […]
Following a visit by a delegation of Dutch companies to Kurdistan last week, AKnews reports that about 100 Dutch companies have expressed an interest in working in the region for the first time. The companies attended an economic forum promoting the Kurdistan Region and looking at prospects for Dutch investors. Azad Ahmed, from the Chamber […]
A businessman from Bolton in UK, Asad Shamim, of Furniture In Fashion, says that the local companies must strike the emerging markets of Iraq, as it is said to start a major rebuilding program. Quick to see an opening, the entrepreneur has already sold £60,000 [$96,000] worth of furniture to a new hotel in the […]
Trade Arabia reports that Iraq's core inflation slowed to 6.2 per cent in May, down from 6.7 per cent in April. The fall was due to a drop in the costs of food and housing said Mudher Kasim, deputy governor of the central bank. In April, the country saw high annual inflation mainly due to […]
The Kurdistan Regional Government's Head of Foreign Relations officially opened a new Representation Office in Vienna on Saturday, making it the 13th KRG representation office abroad. At the same time, Austria's Vice Chancellor and Foreign Minister announced that Austria also plans to open a representation office in Erbil as well. Minister Falah Mustafa opened the […]
Italian loader crane manufacturer Effer has won an order to supply 16 Effer model 440 4S cranes to Iraq's Ministry of Transport. The presentation of the first units took place at Effer's plant in Minerbio, Italy. The units were installed on Iveco trucks ordered by the Machine Technology Trading Company (MTT), headquartered in Baghdad. MTT […]
AKnews reports that a joint business delegation from Jordan and Palestine will arrive in Iraqi Kurdistan Region this week for a business conference. Dara Jalil Khayyat, head of the Kurdistan Union of Chambers of Commerce and Industry, said fifteen businessmen from Jordan and two from Palestine will arrive on Tuesday, and will hold an economic […]
The director of Karbala Investment Commission, Taef Abdul Hussein, has announced that an Iranian company will shortly build a waste recycling plant 10 km south of Karbala city. According to the report from Aswat al-iraq, the $48 million plant will process glass, wood and fertilizers, and will produce electricity. As a result of religious tourism, the city […]
The Iraqi Trade Ministry registered 247 local and 46 foreign companies during the month of May, reports AKnews. Director Fryal Akram said the directorate registered 43 offices of foreign companies and three branches of foreign companies. She added that the directorate checked the final accounts of 2,262 national companies for the period 2002 until 2011, […]
China's Commercial Attache in Iraq, Wang Shi Tong [Wang Xi Tong], has said that Beijing will open a consulate office in its Baghdad embassy to facilitate Iraqis applying for visas to enter China. The office will be opened at the end of 2012. According to the report from AIN, he added that the Chinese consultancy […]
Aswat al-Iraq has reported that a new Iranian electricity supply line has started operations, carrying 100 MW of electricity from Iran. The new line is aimed at meeting the 550 MW of power required by Wasit province. The province currently only receives less than 150 MW from Iraq’s national grid, and consequently suffers from regular […]
USA TODAY reporter Jim Michaels elaborates on life in Iraq six months after U.S. combat troops left. (Source: USA Today)
