Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
"The biggest opportunity coming up is Iraq. The stability and security is still an issue but that is a growth market, especially as hopefully the situation improves and they have great plans to increase oil output. It'll be a long-term opportunity, but it's out there. We see it as a big opportunity longer term," said […]
British companies need to move fast if they are to gain a foothold in Iraq and avoid losing out to their competitors. This was the clear message given at the Middle East Association’s ‘Iraq: Untapped Opportunities’ conference held on 22nd November at the Dorchester Hotel, London. Supported by the National Investment Commission of Iraq, UK […]
At the 'Iraq: Untapped Opportunities' conference in London, Charles Hollis (pictured), Director General of the Middle East Association asked a panel of leading businessmen to make one suggestion each as to how Iraq can improve its development efforts. Hans Nijkamp, VP and Country Chairman for Iraq at Shell, said the authorities need to make a […]
This morning saw the launch of a major new guide to business in Iraq: Entitled "The New Iraq: 2012 Discovering Business", it was launched simultaneously in Dubai and at the "Iraq: Untapped Opportunities" conference in London. Published by Allurentis, in association with UK Trade & Investment (UKTI), the guide containes a wealth of case studies, […]
Iraqi minister of Industry and Minerals, Ahmed Nasir al-Karbouli [Ahmad Nassir Al-Karbooli], pictured, met the Japanese ambassador to Baghdad, Susumu Hasegawa, this week to discuss industrial cooperation. Aswat al-Iraq reports that both sides discussed how to encourage Japanese companies to enter Iraq markets. Karbouli confirmed the desire of the ministry to benefit from Japanese expertise […]
In a bid to encourage firms to develop a presence in the Middle Eastern state of Iraq, Upper Quartile, in partnership with Aberdeen City Council’s International Trade and Investment team, held a seminar yesterday in Aberdeen, attracting representatives from around 20 oil and gas service companies interested in the investment opportunities available in Iraq. Over […]
Work has reportedly stopped at Iraq's Petrochemical Industries Company due to a shortage of natural gas. According to Aswat al-Iraq, the stoppage has caused significant financial losses. The Iraqi ministry of industry said that the company is the base for chemical industry in Iraq. The undersecretary to the Industry ministry, Maki al-Dairi, called upon Iraqi […]
Iraq's transport minister, Hadi al-Amiri, said in an interview with Al Sumaria News that his ministry "has contracted with Boeing to buy 45 aircraft." The planes are to be delivered between 2013 and 2020. (Source: Al Sumaria News)
The past week has seen two of the biggest oil stories in recent times in Iraq -- the approval by the Iraqi cabinet of the $17 billion project with Shell and Mitsubishi to capture gas from Iraq's main southern oilfields, and the confirmation that the KRG has signed an exploration agreement with the giant ExxonMobil. […]
Iraqi Deputy Premier for Energy Affairs Dr. Hussein Shahristani met US Deputy Energy Secretary Daniel Poneman (pictured) on Tuesday to discuss economic relations between the two countries. Aswat al-Iraq reports that the meeting was attended by the US ambassador to Iraq, James Jeffrey. Shahristani expressed Iraq's readiness to supply world markets with oil based on […]
Basra Investment Commission announced on Tuesday that it had agreement reached with Iraqi authorities to grant investment visas within 48 hours. The Commission's Chairman said this would be a major step in reducing red tape, and will help investors to seize opportunities and contribute to the development of the economy. (Source: BIC)
With the debate about the U.S. troop presence in Iraq seemingly out of the way, the Prime Minister of the Kurdistan Region of Iraq Barham Salih urged the Vice President of the United States Joseph P. Biden to deploy the broad array of diplomatic and economic tools necessary to ensure that the stability and prosperity […]
