Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Saleh Elias. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Mosul train station is empty after years of neglect. But local authorities say they want to revive railways here. It’s a sign of better conditions […]
The Dubai-based Paris Gallery plans to open five new stores in Iraq over the next three years, according to a report from Gulf News. Randa Al Akkad, the head of franchise at Paris Gallery, said the first store is scheduled to open in Baghdad in 2013, with another two in Erbil and one in Basra […]
(Note: the speech was read by Minister Ali Saeed, as the Prime Minister was unable to attend). Ladies, gentlemen and distinguished guests, good morning. I wanted very much to be here with you today, but unfortunately I have had to change my plans due to some unforeseeable circumstances. In any event, I would like to […]
A new report jointly compiled by the Iraq Prime Minister’s Advisory Commission and the U.S. Agency for International Development warns that over dependence on oil revenues has the potential of creating significant economic and market distortions. According to the report, released at an October 4 conference in Baghdad’s Al-Rashid Hotel, rapid expansion of oil wealth, […]
By John Lee. As part of a review of the United Kingdom's diplomatic engagement with Iraq, which included the announcement today that the country's consulate in Basra is to close, the UK’s Secretary of State for Foreign and Commonwealth Affairs, William Hague (pictured), has announced increased resources for the embassy in Baghdad and the consulate […]
The United Kingdom's Secretary of State for Foreign and Commonwealth Affairs, William Hague (pictured), has announced the closure of the British consulate in Basra. In a statement to the House of Commons this morning, he explained the decision as follows: "Because of the improving security situation, it is now easier and safer for staff to […]
On October 11, 2012, Ambassador Robert Stephen Beecroft (pictured) arrived in Baghdad and was sworn in as U.S. Ambassador to the Republic of Iraq in a ceremony at the Embassy of the United States of America. He will present his credentials to the Ministry of Foreign Affairs and President Talabani at the earliest opportunity. Ambassador […]
By John Lee. Presidents Maliki and Putin have issued the following statement after their meeting in Moskow: PRESIDENT OF RUSSIA VLADIMIR PUTIN: Mr Prime Minister, ladies and gentlemen, Our meeting with the Prime Minister of Iraq, Mr Nouri al-Maliki, was substantive and constructive. Some significant changes have have been taking place in Iraq since Mr […]
By John Lee. Iraq's Ministry of Environment has approved thirty projects in services, industrial and agricultural fields in Wasit province. Its official spokesperson and the director of environmental information, Amer Ali Hasson, said the projects included seven services projects and 13 industrial projects, in addition to ten agricultural projects. (Source: AIN) (Picture: Iraqi Environment Minister, […]
A special conference is being held in London next month aimed specifically at SMEs who are interested in breaking in to the Iraqi market. Iraq is potentially one of the richest countries on the planet with wealth from mega oil fields boosting the economy by up to £7 billion a month. Many billions more will […]
By John Lee. Iraq is to buy more than $4.2 billion of weapons from Russia under contracts signed in recent months, the Russian government announced on Wednesday, making it the largest weapons supplier to the Middle East country after the United States. While a spokesman for Russia's state-controlled arms exporter, Rosvooruzheniye, said it never discusses […]
By John Lee. Iraq's Minister of Foreign Affairs, Hoshyar Zebari, and his Russian counterpart, Sergei Lavrov, signed a memorandum of understanding on Tuesday for political and diplomatic cooperation. Following the signing ceremony, political and technical talks between the two sides took place on ways to develop relations between Iraq and Russia as well as exchanging […]
