Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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Iraq has postponed plans to buy U.S.-built Lockheed Martin F-16 fighter jets because it lacks the funds to rebuild its air force, government spokesman Ali al-Dabbagh told Bloomberg. “Iraq is determined to rebuild its air power capabilities, but the plan is postponed ... There are no new negotiations by the Iraqi government or the defense […]
Nineveh Chamber of Commerce has signed a memorandum of understanding with a delegation of German business people for the exchange of expertise, the head of the chamber told AKnews. Moqbel Ahmed Dabbagh said on Monday that the agreement will see coordination between both sides to increase the booming investment in the Iraqi province. He said […]
US Deputy Secretary of State Thomas Nides yesterday opened the United States Consulate General in Erbil. He was joined at the ceremony by Kurdistan Region President Masoud Barzani, Prime Minister Barham Salih, Speaker of Parliament Dr Kamal Kirkuki and other KRG and American senior officials. The solid relationship that the Kurdistan Region has maintained with […]
The chairman of the Iraqi National Investment Commission (NIC) has announced the official launch of the Iraqi-U.S. Business Council in Baghdad, which will be an extension of the American Chamber of Commerce in Iraq. The council will deal with the Iraqi private sector to encourage economic development, particularly in small- and medium-sized industries. NIC Chairman […]
Major U.S. hotel brands are moving into the north of Iraq, a reflection of growing economic development in the Kurdistan region of a country that most U.S. consumer brands have long avoided. Marriott International signed agreements on Sunday with Empire Iraq to manage two new properties in Iraq’s Erbil. The agreements, signed at the newly […]
By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy, an Iraq based private sector development consulting company. IRAQ INSIGHTS, published by Ideas sYnergy, aims to consolidate and build intellectual capital on private sector development, empowering stakeholders to address issues of access and structural reforms on a diverse range of topics impacting inclusive economic […]
AKnews reports that trade between Turkey and Iraq should hit US$15 billion [18 trillion Iraqi dinars] within the next three years, the said today. Speaking at the inauguration of the first flight between Istanbul and Najaf, Turkish ambassador to Iraq, Murad Aozglic, said that the strategic cooperation agreement signed by the Turkish Prime Minister Recep […]
Alsumaria News reports the the British company Serco has signed a $30 million contract with the Iraqi Ministry of Transport to manage its air traffic control funtions. The new British Ambassador, HE Michael Aron, said "the signing of the contract will encourage more British companies to come to Iraq." The company has previously won contracts […]
Starting May 1, 2011, the Central Organization for Standardization and Quality Control (COSQC) has implemented the Pre-Importation Inspection, Testing, and certification of Goods into Iraq (ICIGI), relative to the COSQC Law No. 54 of 1979 (Article 3/Clause 8). Under this programme, COSQC requires that regulated imported products whose standard specifications were declared compulsory under the […]
Closer trade and political ties were forged this week between Kurdistan and Northern Ireland during a visit to Belfast by a Kurdish business delegation led by two ministers. Kurdistan Regional Government (KRG) Trade and Industry Minister Sinan Celebi, Municipalities and Tourism Minister Samir Abdullah and several KRG officials met with Northern Ireland's Enterprise, Trade and […]
According to a report from AKNews, 1,602 foreign companies have branches in Iraqi Kurdistan. The latest figures from the Kurdistan Company Registration Directorate show that 18 months ago there were 1027 foreign companies operating in the region, meaning there has been an increase of 55 per cent. There are also 10,100 local companies working side […]
