Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Israel is said to be particularly concerned about the Pentagon’s approval for the sale of 36 Lockheed Martin F- 16 multi-role combat aircraft to Iraq. “We are carefully watching the developments in Iraq,” an IDF officer told the Jerusalem Post. “The possible developments there are not immediate, but since the US withdrawal from Iraq we do […]
Kurdistan Region President Masoud Barzani, during a three day visit to Budapest this week, met Hungary's President, Prime Minister, Foreign Minister and Economic Minister on an official visit to promote bilateral relations and cooperation. President Barzani and the Hungarian Prime Minister Viktor Orban discussed ways to develop cooperation and investment opportunities in a number of […]
Azzaman reports that the holy city of Najaf has turned into a hub for foreign investments, mainly in areas of housing and tourism, as numbers of foreign pilgrims to the city surge. The head of Najaf Investment Commission, Wafi al-Bahhash, said an estimated $7 billion had been invested, adding that his commission granted new licences […]
The commercial attaché at Iraq's embassy in Saudi Arabia, Ali Jaberal- al-Utti, has reportedly announced the start of negotiations between the two sides to open the Ar Ar [Ara'ar, Arar] border crossing between the two countries. The town is situated in the north of Saudi Arabia, the Iraqi city of Karbala, The nearest town to […]
By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. The Ministry of Construction in Iraq has just spent $250 million on weighbridges from a company based in the British Midlands, for use at border crossings; as Iraqis buys more and more overseas goods, it is important to ensure that […]
The Iraqi government plans to increase trade with Egypt to $2 billion (2.4 trillion IQD) this year, according to a report from AKnews. Last year the figure reached only $400 million (466 billion IQD), said Kamal Sharif, chairman of the committee tasked with planning the increase. He said the Ministry of Trade, and the General […]
Last week (4-5 April) The Rt Hon David Willetts MP – UK Minister for Universities and Science – visited Erbil in the Kurdistan Region of Iraq and brought with him a delegation of 12 senior representatives from UK Higher and Further Education. The delegation included three University Vice Chancellors and the Chief Executive of the […]
The United Nations special representative to Iraq, Martin Kobler, has issued his second address to the United Nations Security Council. He addressed security issues, improving relations with Kuwait, and the country's Chapter VII status: Please click here to download a full transcript of the statement. (Source: UN)
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
The President of the Kurdistan Region of Iraq Masoud Barzani was officially received by President Obama and Vice President Biden at the White House on Thursday. During their talks, both sides emphasized the necessity of a prolonged and deepened relationship between the United States and the Kurdistan Region within the framework of a democratic, pluralistic […]
Iraq and Finland will sign a trade and economic agreement in the middle of April, reports AKnews. Trade Minister, Kherula Hassan, said a delegation from the Kurdistan Region will visit Finland later this month to strengthen trade between the two sides. A Finnish delegation visited the Kurdistan Region last year and declared Finland's intention to […]
The Basra Investment Commission has approved six projects from Iraqi and Arab investors in the areas of housing, industry and tourism. The projects include construction of a $9.7m (11.3bn IQD) ready-mix concrete plant and a $9m (10.5bn IQD) plant for producing construction thermostone (isolating cement material). Other projects include a $81,500 (95m IQD) Nakhil tourist […]
