Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Starwood Hotels and Resorts Worldwide has signed an agreement with BCD Co. to manage a new-build Sheraton hotel in Erbil, Iraq. Scheduled to open in 2015, the Sheraton Erbil Hotel will mark the re-entry of Starwood in the country after 20 years. Located in the new part of the city, approximately 10 minutes from Erbil […]
Britain’s Ambassador to Iraq on Friday concluded a one-week visit to the Kurdistan Region by meetingwith President Masoud Barzani and Prime Minister Nechirvan Barzani. He visited all three of the Region's governorates, meeting students, officials and civil society representatives. Ambassador Michael Aron met with Kurdistan Regional Government (KRG) officials and visited all three provinces of […]
SGS has been awarded a three-year contract by India's Lanco Group [Lanco Infratech, LANCI] to manage on-site quality control for the construction of its new gas power plant in Anbar Province, Iraq. The AKAZ [Akkaz, Akkas] power plant at al-Qaim will have a capacity of 250MW (2x 125MW) and is estimated to require three years […]
Crews in Baghdad pull down a series of massive concrete walls that had divided the Iraqi capital, sparking hope that life in some parts of the battle-scarred city will return to normal: (Source: Reuters)
Aswat al-Iraq reports that Japanese auto-maker Nissan will open its biggest service center in the Middle East in May in the city of Erbil. "Iraq started to take positive steps in investment by providing appropriate [conditions]," Ahmad al-Kaswani, general director of Carzone, told the news agency. Carzone is part of the Sardar Group. (Source: Aswat […]
The Turkish Consul in Basra, Farouk Qaimagja, and the Commercial Attache of the Turkish Embassy, met the head of Basra Investment Commission to discuss ways of boosting economic and trade cooperation. "The consul, accompanied by representatives of a number of Turkish companies, reviewed with local officials in Basra ways of attracting Turkish investments to the province […]
Statement by the Representative of Iraq at the General debate of the Thirteenth session of the United Nations Conference on Trade and Development (UNCTAD XIII): (Source: United Nations)
Global law firm Diaz Reus and Targ, LLP today [Wednesday] announced the opening of offices in Iraq, further expanding its presence in the Middle East and reinforcing its long term commitment to the region. "As the first major international U.S. law firm to enter post-war Iraq, our new offices provide us with a significant presence […]
Iran and Iraq have agreed to increase cooperation in industry and trade, the IRNA news agency reported. Iraq's Planning Minister, Ali Yusuf al-Shukri, Industry and Minerals Minister, Ahmed Nasser Al-Karbouli, and Trade Minister, Khairallah Hassan Babike, met with Iran's Minister for Industry, Mining and Trade, Mehdi Ghazanfari, in Tehran on Monday. They agreed to hold […]
The Swedish Transport Academy, officially inaugurated this week in Erbil, will help Iraq’s unemployed and young people acquire the new industrial skills critical for the reconstruction and recovery of the country`s economy. The Academy, which will supply much-needed skilled mechanics to the Iraqi sectors of logistics, manufacturing, and industrial maintenance of heavy machinery such as […]
The Iraqi government has allocated 100bn IQD ($85m) from the 2012 budget to kick start loss-making state-owned companies and make them profitable, according to AKnews. A committee member with responsibility for companies development, Mohammed al-Jabri said: "The Iraqi government is serious in dealing with economic problems facing non-profitable companies and in finding practical alternatives to […]
The U.S.-Kurdistan Business Council (USKBC), a trade group of U.S. companies investing in the Kurdistan Region of Iraq, named former U.S. National Security Advisor General James Jones (USMC-Ret) as the council's CEO last week during a reception honoring President of the Kurdistan Region Masoud Barzani. "General Jones is exceptionally knowledgeable about Kurdistan and about the […]
