Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
Memorandums of Understanding (MoUs) have reportedly been signed between 12 bordering provinces of Iraq and Iran, according to a report from AKnews. The governor of Erbil, Nawzad Hadi, said the memorandums were signed between cities bordering Iran and Iraq at a conference in Iran in the presence of a number of Iranian government officials. "The […]
Babil Investment Commission [Babylon Investment Commission] has announced that a group of Italian, Ukrainian and French companies are interested in investing in the province. The deputy chairman of the Investment Commission, Abbas al-Tai, told Alsumaria News that the companies are considering construction and industrial projects, and that "the Commission has provided all the necessary facilities to […]
Hitachi Plant Technologies and Sumitomo Corporation have concluded an agreement with Iraq's South Oil Company (SOC) to commence investigations for introduction of Hitachi Plant Technologies’ advanced water treatment system for the Iraqi oil industry. Iraq is expected to be one of high oil-producing countries of the world, and further investment in oil development such as […]
The Foreign Minister of Poland was joined by Prime Minister Nechirvan Barzani and the Foreign Ministers of Sweden and Bulgaria to officially inaugurate the new Polish consulate office in Erbil today. The plans to establish a presence in the Kurdistan Region were announced last year by Poland’s Ambassador to Iraq, Mr Stanislaw Smolen, and were […]
