Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Deputy German Ambassador to Iraq, Alexander Schoenfeld, has reportedly confirmed that his country will invite Iraq to participate in an investment conference to be held during the coming months. The Head of the Iraqi Presidential Office, Naseer al-Ani, hosted Schoenfeld at his office on Wednesday and the two sides discussed relations between the two […]
The Head of the Department of Foreign Relations, Minister Falah Mustafa, this week welcomed the arrival of new Korean, Dutch and French diplomats posted to the Kurdistan Region. “We are very pleased at the level of international representation that we now see in the Kurdistan Region,” Minister Mustafa said. “The international presence here represents the […]
The first of six C-130J Super Hercules for the Iraqi Air Force recently completed its first flight at the Lockheed Martin facility in Marietta, Georgia. The Iraqi Air Force intends to use the C-130J for intra-theater support of its troops and humanitarian relief operations in various locations. These new transport aircraft will provide Iraq with […]
A spokesman for Iraq's Ministry of Planning and Development has said the ministry will announce the three contracts pre-import inspection next week. The Ministry has completed the final touches on the contracts for the international companies from France, Switzerland and Denmark, said Abd Al-Zahra al-Hindawi. Bureau Veritas of France, and Swiss company SGS, had been […]
By John Lee. Sulaymaniya's general directorate of investment has said that a local company called 'Mario' is building an automobile factory on a 22 hectare (90 donum) site. The company will initially import parts from China and assemble them at the new plant; at a later stage the factory will also make the parts itself, […]
By John Lee. Iraq’s GDP is expected to grow by 33% over the next three years, according to a report from Reuters. The average rate of about 10% per annum over the next three years will be driven by increased oil revenues, Mudher Kasim, deputy governor of the central bank, told Reuters in an interview. […]
By John Lee. The Governments of the Republic of Iraq and the United States of America reaffirmed their strategic partnership during a meeting of the Political and Diplomatic Joint Coordination Committee (JCC) on September 2, in Baghdad. This meeting, held at the Iraqi Ministry of Foreign Affairs, was co-chaired by Iraqi Foreign Minister Hoshyar Zebari […]
The UK's Middle East Association (MEA), in partnership with UKTI and the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan this October to coincide with the eighth Erbil International Trade Fair, Iraq’s largest general trade exhibition. Mission Participants will have the opportunity to exhibit at the Fair’s British Pavilion, as well […]
Outgoing Japanese Ambassador Susumu Hasegawa met on Wednesday with President Barzani to bid him farewell as he prepares to leave Iraq. Ambassador Hasegawa thanked the President and the Kurdistan Regional Government (KRG) for their support and assistance. He discussed Japan’s relations with Iraq and the Kurdistan Region, as well as the projects that Japanese institutions […]
By John Lee. Iraq has taken delivery of last nine American M1A1 Abrams tanks from the order of 140 that it has received over the past two years. AFP reports that the tanks are valued at $860 million, $804 million of which was paid by Iraq with the remainder of the cost borne by the […]
Outgoing Consul General Joo Joong-Chul met on Monday with the Head of the KRG's Department of Foreign Relations, Minister Falah Mustafa, as he prepares to depart for his next assignment at the Republic of Korea’s embassy in Baghdad. Minister Mustafa thanked Mr Joong-Chul for his nation’s continued support and for his personal contribution during his […]
By John Lee. AKnews reports that gold imports into Iraqi Kurdistan have hit 34 tons during the first seven months of the year. The increase in imports coincides with a surge in jewel and gold stores in the region’s three main cities. Of the total, 12,376 kilograms were imported through Erbil International Airport, with 22,384 […]
