Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Most of Iraq’s revenue comes from oil. But natural riches may also mean fewer political freedoms and a state that behaves like a charity toward its own people. This must change, an Iraqi economist Nagih al-Obeidi argues in this article from Niqash. The economic and political theory on “rentier states” says that a nation that […]
The KRG’s Head of Foreign Relations in Erbil met Sweden’s Ambassador to Iraq, who announced that Sweden will upgrade its diplomatic presence in Kurdistan to an Embassy Office. The Kurdistan Regional Government’s (KRG) Minister Falah Mustafa Bakir received H.E. Carl Magnus Nesser and his delegation. The ambassador said that the Swedish government has decided to […]
The Iraqi-Italian Economic Forum was opened in Erbil on Monday, with the participation of between 40 adn 50 Italian companies, along with representatives from the Italian Chambers of Commerce and Industry and Iraqi Chambers of Commerce. The forum, also attended by Iraqi Kurdistan Region’s Minister of Industry & Trade, Sinan al-Chalaby [Chalabi] and the Minister […]
The new head of the European Union Delegation to Iraq, Ambassador Jana Hybášková, paid her first visit to the Kurdistan Region to discuss political and economic ties. In a meeting with Kurdistan Region President Masoud Barzani, recent developments, the current programs and role of the EU in Iraq, and the relationship between the Kurdistan Regional […]
Iraqi Prime Minister Nouri al-Maliki has ordered the formation of a Higher Council for Economic Affairs to act as a consultant on economic projects in the country, according to a report from Bloomberg. The council “will propose recommendations on economic agreements and the volume of commercial exchanges between Iraq” and countries with which it cooperates […]
Jordan and Iraq agreed on Saturday to ease regulations at Iraqi border posts to facilitate the transport of goods, according to a report from Petra. A joint committee tasked with easing transport and trade also emphasised the importance of a rail link between the two neighbours and to carry out a memo of understanding signed […]
Harnaz Group is pleased to announce its strategic level sponsorship of the Al Anbar 2nd Annual International Investment Conference to be held in Istanbul, Turkey on October 24-26. Harnaz Group which operates in several sectors such as pharmaceuticals, power, construction, insurance and general trading, has achieved and maintained a leading strategic position in Iraq. With […]
Aberdeen City Council has announced a new initiative to encourage North-east companies to explore business opportunities in Iraq. Upper Quartile, an Edinburgh-based economic development consultancy, will manage the programme, which will target the oil and gas sector, academic institutions and other contractors. Seminars will be held over the coming months to inform firms of the […]
The Kurdistan Regional Government’s Head of Foreign Relations Minister Falah Mustafa Bakir today welcomed to Erbil his counterpart from the Veneto Region of Italy. Minister Bakir and the KRG’s Representative to Italy Ms Rezan Kadir together met Dr Diego Vecchiato, the Director of the Department of International Relations of the Veneto Regional Government. On his […]
Minister Ali al-Dabbagh, Iraqi Government Spokesman, was interviewed by Padraig O'Hannelly for Iraq Business News at last week's Iraq Mining 2011 conference in London. The first part of the interview can be found here. In this second part of the interview, Dr al-Dabbagh discusses the Hydrocarbon Law, the valuation of the Iraqi dinar, foreign investment […]
Iraq is reported to be "very close" to signing a letter of intent to buy up to 36 Lockheed Martin F-16 jets, according to Bloomberg. Major General Russ Handy, a senior U.S. Air Force general in Iraq, told reporters at the Pentagon that Iraq would buy a first installment of 18 aircraft, with a potential […]
The Kurdistan Regional Government's Minister of Trade, Sinan Chalaby [Chalabi], told AKnews that the number of Jordanian companies in Iraqi Kurdistan is expected to double by the end of the year. Currently 50 Jordanian companies do business in the Kuristan Region. According to Chalabi, this figure is expected to increase to 100 by the end […]
