Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq has reportedly re-invited bidders to supply 44,000 metric tons of steel products, having received no bids when it first sought offers a month ago. The products include plain galvanized sheets and hollow window sections, said Trade Ministry spokeswoman Fawziyeh Hameed. According to a report from Bloomberg, the deadlines for bids are: […]
By John Lee. Several Saudi companies have expressed a desire to invest in the Kurdistan Region. Assaf Ben Nasser, President of Administration & Human Resources of the Western Region and General manager of several factories in Saudi Arabia, and Abdulaziz Ben Othaymeen, a Saudi businessmen, told Puk Media that the commercial, industrial and investment markets […]
Minister Falah Mustafa, the Kurdistan Regional Government's Head of Foreign Relations, met Lord Howell, Foreign Office Minister in the House of Lords, in London. He also met other ministers and British parliamentarians, and thanked them for their support for the Kurdistan Region. Minister Mustafa and Lord Howell discussed ways of deepening the already good relations […]
While some have criticised the political stagnation in Iraq, it has to be said that the Cabinet has been very active in hitting the road to promote the country on the international stage. Just look at this sample of countries visited in the past two weeks: Iraqi Deputy PM Visits Azerbaijan Iraq Welcomes Singaporean Businesses […]
Iraq's Deputy Prime Minister for Economic Affairs, Rowsch Nouri Shaways, has led an Iraqi delegation to Azerbaijan. The country's Head of State, President Ilham Aliyev, pointed out Iraq and Azerbaijan have great history of bilateral relations, adding that both countries support each other within international organizations. According to a report from Azerbaijan's Trend news agency, […]
The Director General of the Iraqi Automobile Company (State Company for Automotive Industry - SCAI?) has said that the company is in negotiation with the Japanese company Nissan regarding a possible partnership to manufacture Nissan cars in Iraq. According to a report from Aswat al-Iraq, he is also in discussions with Korea's Kia Motors. The […]
During a three-day visit to Singapore, Hussain Al-Shahristani (pictured), Iraq's Deputy Prime Minister for energy affairs, told Singapore's Prime Minister Lee Hsien Loong that Iraq welcomes Singapore companies to seek business opportunities in the country. Channel News Asia says Shahristani also conveyed his appreciation for Singapore's technical assistance to Iraqi officials, while Lee hoped that […]
Bloomberg reports that billions of dollars in Iraqi reconstruction projects may be wasted as the U.S. transfers them to the Iraqi government. Special Inspector General for Iraq Reconstruction (SIGIR), Stuart Bowen (pictured), told the US's House Oversight Committee: “There remains a vulnerability that thousands of projects [completed with $51 billion in American reconstruction funds] will […]
In yet another major order for Mercedes-Benz Trucks, Iraq’s State Company for Automotive Industry (SCAI) recently purchased 250 trucks to assist in reconstruction efforts in the country. The last of the ordered vehicles were delivered to SCAI just a few days ago. “We’re very pleased to help with the reconstruction of Iraq by supplying 250 […]
Iraq's Ministry of Trade has requested support and assistance from the United States to help his country join the World Trade Organisation (WTO). The National Iraqi News Agency (NINA) reports that following talks with the Iraqi-US Commercial Committee, Minister Khayri-allah Babakir [Dr Khairallah Hassan Babiker] (pictured) said: "Iraq has a lot of opportunities that can […]
AKnews reports that a Kurdish-Dutch business association has been established in Amsterdam to enhance economic and financial relations between the Kurdistan Region and the Netherlands. Association member Bakir Lashkri said: "The club's function is to help Dutch companies that want to invest in the Kurdistan Region and also to improve relations between the Kurds and […]
Iraq's Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani (pictured), has invited Indonesian companies and investors to participate in the reconstruction of Iraq, according to a report from AIN. The DPM emphasised opportunities in the areas of petrochemical plants and fertilizers factories. During his speech to the Indonesian Parliament, he assured MPs that "Iraq is […]
