Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), said he expects Iraq's rate of economic growth to increase in the coming years, partly as a result fo the country's "generous benefits, guarantees and exemptions". He said that the country has averaged […]
The United States is to spend more than $6 billion in Iraq in 2012 even though its forces are to withdraw from the country by the end of this year, US ambassador James Jeffrey (pictured) said on Sunday, according to AFP. US President Barack Obama announced on October 21 that the last troops would leave […]
Barham Salih [Saleh], the Prime Minister of Kurdistan's Regional Government, said he expects 12 per cent growth in the region’s economy next year. Speaking at the opening ceremony of the Sulaimaniyah Trades Fair, Salih (pictured) praised the economic boom in the Kurdistan Region. “This city [Sulaimaniyah] used to be like a military camp, a war […]
By Tavish Scott, Member of the Scottish Parliament. This article was originally published by The Scotsman, and is re-published here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A familiar face walked across the hotel lobby. Former BP boss Tony […]
During an official visit to the State of Kuwait on 23 - 25 November, the Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Martin Kobler, was received by the Amir of the State of Kuwait, H.H. Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, in the country’s capital, Kuwait City. SRSG Kobler also met with […]
The Chairman of Kurdistan's Investment Board said that the board will adopt a more strategic approach and devolve investment licensing powers to its three provincial directorates. Minister Herish Muharam, speaking at the 'Iraq: Untapped Opportunities' conference in London, said, "To increase the efficiency of our Investment Board, we are delegating more of our operations to […]
"The biggest opportunity coming up is Iraq. The stability and security is still an issue but that is a growth market, especially as hopefully the situation improves and they have great plans to increase oil output. It'll be a long-term opportunity, but it's out there. We see it as a big opportunity longer term," said […]
British companies need to move fast if they are to gain a foothold in Iraq and avoid losing out to their competitors. This was the clear message given at the Middle East Association’s ‘Iraq: Untapped Opportunities’ conference held on 22nd November at the Dorchester Hotel, London. Supported by the National Investment Commission of Iraq, UK […]
At the 'Iraq: Untapped Opportunities' conference in London, Charles Hollis (pictured), Director General of the Middle East Association asked a panel of leading businessmen to make one suggestion each as to how Iraq can improve its development efforts. Hans Nijkamp, VP and Country Chairman for Iraq at Shell, said the authorities need to make a […]
This morning saw the launch of a major new guide to business in Iraq: Entitled "The New Iraq: 2012 Discovering Business", it was launched simultaneously in Dubai and at the "Iraq: Untapped Opportunities" conference in London. Published by Allurentis, in association with UK Trade & Investment (UKTI), the guide containes a wealth of case studies, […]
Iraqi minister of Industry and Minerals, Ahmed Nasir al-Karbouli [Ahmad Nassir Al-Karbooli], pictured, met the Japanese ambassador to Baghdad, Susumu Hasegawa, this week to discuss industrial cooperation. Aswat al-Iraq reports that both sides discussed how to encourage Japanese companies to enter Iraq markets. Karbouli confirmed the desire of the ministry to benefit from Japanese expertise […]
In a bid to encourage firms to develop a presence in the Middle Eastern state of Iraq, Upper Quartile, in partnership with Aberdeen City Council’s International Trade and Investment team, held a seminar yesterday in Aberdeen, attracting representatives from around 20 oil and gas service companies interested in the investment opportunities available in Iraq. Over […]
