Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The following editorial was published on Wednesday by the Voice of America. The Voice of America, founded in 1942, is among the world’s most trusted sources of news and information. VOA is a multi media broadcasting organization based in Washington, D.C. Expanding economic opportunity in Iraq is as essential as building democratic institutions. The United […]
Kuwait will open consulates in Erbil and Basra in the next few days in an effort to increase the country’s investment in the regions, the Kuwaiti Embassy in Baghdad said today. Kuwait's ambassador to Iraq Ali al-Muamman said: "Kuwait is working to expand diplomatic and economic relations with Iraq by opening consulates in various Iraqi […]
By next year, car companies must open branches in Iraq if they want to sell cars in the country, the Trade Ministry announced on Sunday. Currently, cars are imported through agents in neighboring Gulf States. AKnews reports that these intermediate imports will be prohibited by the end of the year. With the new law, the […]
Speaking to the Commission on Wartime Contracting, Undersecretary of State Patrick Kennedy (pictured) said that the State Department intends to spend approximately $3 billion hiring 5,100 private security contractors to serve in Iraq. The State Department has repeatedly discussed the creation of this force for after the withdrawal of U.S. military forces from Iraq, which […]
Under the title, “Rethinking Strategies for a Sustainable Future”, the national conference on the Marshlands was held in Basrah on 6 – 7 June, in order to build a national consensus on the basic principles that will guide future projects and activities in the Marshlands and raise awareness of the prospects for rehabilitating the area. […]
Foreign companies and governments account for about 23 percent of the investment in the Kurdish Region, according to a report from AKnews. The Kurdistan Investment Board said that $3.9 billion [4.6 trillion Iraqi dinars] of investments came from up to 20 countries in the past 5 years. With $17.4 billion [20.3 trillion Iraqi dinars] was […]
Iraq is open for business, and American companies should make an effort to invest there, Secretary of State Hillary Clinton (pictured) has said, according to a report from CNN. The Secretary was addressing the Business Forum Promoting Commercial Opportunities in Iraq, which included executives from companies as far-ranging as Occidental Petroleum, JP Morgan Chase, General […]
Anbar province’s first investment fair will be opened on Sunday. It is hoped the event, in the tourist city of Habbaniya, will encourage international investments in the West Iraqi province. “Preparations, including security measures, are completed for the fair between June 12 and 18. More than 45 local and foreign investment companies will be taking […]
Japan is to launch an investment offensive in Iraq, starting with the southern city of Basra, the Japanese ambassador to Iraq said on Tuesday, according to a report from AKnews. Speaking at the conclusion of the Japanese investment conference at the Basra International Hotel ("Sheraton"), Mitsuo Sakaba said numerous Japanese companies are looking to get […]
Mr Michael Aron has been appointed Her Majesty's Ambassador to the Republic of Iraq. He will succeed Mr John Jenkins CMG LVO who has transferred to another Diplomatic Service appointment. Mr Aron will take up his appointment with immediate effect. Mr Aron joined the FCO in 1984 and served at the British Embassies in Brasilia […]
The Ministry of Industry has announced that it signed a contract to establish a petrochemical factory with a daily capacity of 40 tons capacity, a potable water factory with a capacity of 23 million bottles per annum, and the expansion of a chloral-soda factory. It also granted 52 new industrial licenses. In a statement issued […]
The Basra Investment Commission has announced that it has granted 19 approvals for investment projects valued at $174m [204 billion Iraqi dinars]. The projects are in the areas of industry, trade, agriculture and tourism. In a statement issued by the commission, Eng. Haidar Ali Fadhil said that these approvals will create hundreds of jobs, and […]
