Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Following Wednesday’s meeting with the Speaker of the Iraqi Parliament, Dr Usama al-Nujaifi, Britain's Foreign Secretary William Hague said: "I was delighted to see Dr Usama al-Nujaifi in the UK for his first official visit. I reaffirmed the UK’s resolve to continue supporting the government and people of Iraq as they embrace democracy, reconciliation and […]
Passenger numbers at Erbil International Airport are up 39% over the past year, according to Aswat al-Iraq. The Director General of the airport said in a press conference that 550,000 passengers used the airport over the past year, with freight traffic up 62 percent. There are 12 airlines usingt the airport, including three new ones […]
Turkey and Iraq have agreed to open two new border crossings to boost trade and accommodate increasing traffic between the two neighbors, according to a report from Today’s Zaman. The issue was discussed during a two-day visit by Iraqi Foreign Affairs Minister Hoshyar Zebari to Ankara on Wednesday. The formal agreement for the opening of […]
The U.S. State Department plans to deploy 16,000 civilian employees in Iraq, the Washington Post reports. And while the U.S. military is supposed to be out of Iraq by the end of the year, the two governments are trying to negotiate an agreement for a small training force to remain. But those forces will be […]
Dubai's Majid Al Futtaim Holding (MAF), sole franchisee of hypermarket chain Carrefour in the Gulf, is to set up a sukuk programme (debt securities structured to comply with the Islamic law) as market volatility continues to thwart its plans for a conventional issue, according to a report from Reuters. MAF completed roadshows for an offering […]
Australia is planning to open a consulate in the oil-rich province of Basra in order to boost Australian-Iraqi business relations in the area, according to a report from AKnews. Australia's Ambassador to Iraq, Lyndall Sachs (pictured), is currently visiting Basra to examine the possibilities for a consulate, as well as for an airline connection. "This […]
The planning commission of the provincial council of Baghdad announced the construction of an industrial city of approximately 2,000 donums (500 hectares) in the Nahrawan area, south of the Iraqi capital. According to AKnews, the project will be built by the Iraqi company Majd al-Ard, and will cost around $250 million USD (293.3 billion IQD). […]
By Rickie Cole of SGS, in response to our Iraq Business News article on importation inspection: On 1st May 2011, the Central Organisation of Standardisation and Quality Control (COSQC) in Iraq implemented the Pre-Importation Inspection, Testing & Certification of Goods to Iraq (ICIGI) programme. This programme is designed to monitor the quality of regulated goods […]
The State Company for Oil Projects (SCOP), part of the Iraqi Ministry of Oil, has awarded the French-based Axens, a fully-owned subsidiary of IFP Energies nouvelles, the Basic Design and License contracts for the construction of the new refinery in Nassiriya, Iraq. Axens will supply the following process technologies for the refinery: H-Oil RC technology […]
Foreign Minister Hoshyar Zebari met Swedish Minister of Trade, Dr. Eva Burling, and the accompanying delegation on Tuesday. The Minister welcomed the minister and explained the situation in the new democratic Iraq. The two sides exchange views on ways of developing the Swedish-Iraqi relations for the benefit of both countries, and to promote trade between […]
Italy's Minister of Economic Development Paolo Romani this week led a trade delegation representing more than 50 companies to the Kurdistan Region to participate in a high profile business conference. Minister Romani’s visit to Kurdistan was part of a broader trip to Iraq, and was organised to coincide with the Italian-Kurdistan Region Business Forum and […]
A delegation from the Indian company Jindal recentlty visited Basra Investment Commission and presented an industrial investment project to construct a plant for pipe production and coating. The assistant director of the company revealed that the investment capital of the project is 200 million dollars and that the project requires an area of 160 acres. […]
