Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Iraq’s Chamber of Trade has signed a Memo of Understanding (MOU) with Ukraine’s Chamber of Trade & Industry in Kiev, reports Aswat al-Iraq. “Iraq’s Ambassador in the Ukraine, Shorish Khalid Saeed, has attended the signing of an MOU between the Iraqi Chamber of Commerce and Ukraine’s Chamber of Trade & Industry in Kiev,” the statement, […]
Basra's Investment Commission (BIC) announced on Sunday that the Kuwaiti Bukhamseen Group [Bukhamsin] visited its premises to show engineering designs for a number of projects, and to learn about possible future investment projects in the province. Director of the Commission, Haidar Ali Fadhil, told Aswat al-Iraq that the delegation proposed a palm tree plantation, concrete […]
The Province of Anbar, where once most of the country’s violence took place, is looking forward to better days, reports Azzaman. “The value of investment projects in the Province of Anbar this year is estimated at $2 billion,” governor Qassem Abed said. Abed made the remarks during a visit to the international trade fair held […]
A trade delegation from the Kurdistan Region is expected to visit Britain and Ireland next week, seeking to form and consolidate trade relations, a regional government official said on Monday. The delegation will be made up of government officials, businessmen and Investment Board members. Dara Jalail Khayat, head of the Kurdistan Regional Government (KRG)'s Chamber […]
Faruk Group Holding, a group of companies with a diversified range of interests including telecommunications, cement manufacturing, hotels, medical services, properties, construction and IT, recently announced the upcoming launch of the first international boutique hotel, Copthorne Hotel, Baranan in Sulaymaniyah, Iraq. The Copthorne Hotel Baranan is a four-star hotel located in the tourist district of […]
Iraq's State Company for Shopping Centers / Ministry of Trade has invited national, Arab and foreign companies specialized in the design, construction and management of modern shopping malls to indicate their interest in investing in the estate lands mentioned in the table shown below: No. The Location and Type of the estates Details & Description […]
Kuwait's Arabian Beverage Company (ABC), which distributes water, juice and dairy products in the Gulf region, plans to boost production and also aims to penetrate the Iraqi market this year, according to Reuters. The company, owned by Kuwaiti conglomerate Bukhamseen Holding [Bukhamsin], founders of Kuwait International Bank and Abu Dhabi listed First Gulf Bank, wants […]
Iraqi Prime Minister Nouri al-Maliki met with the German junior minister for transport, construction and town planning, Jan Moga, and said he was keen to develop relations with Germany. Maliki stressed the importance of enhancing bilateral relations in economic spheres and to benefit from the German expertise in building factories and training Iraqi staff. In […]
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 […]
