Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
Aswat al-Iraq reports that a new investment commission was elected in Karbala on Monday. Nisai'if Jassim, the deputy chairman of Karbala's Provincial Council, told the agency that the previous commission has completed its legal term of three years service, and that five new members joined the commission. He hoped that the new commission will study […]
A business delegation from Bavaria spent a few days looking around Erbil and was very impressed with what they saw: from the security situation to the trade fair locations. Last but not least, they also enjoyed German draft beer in the Middle East, fresh from the tap. Iraq and the state of Iraqi Kurdistan need […]
Best Western International, a leading international hotel chain, has announced its plans to open its first hotel in Erbil. A signing ceremony was held recently with Glenn de Souza, Best Western International’s vice president international operations for Asia & the Middle East, and Halgord Azzo, CEO of Golden Mountains Company, owner of Best Western Premier […]
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. We are approaching the time in the diplomatic calendar when British embassies around the world celebrate the Queen’s Birthday with, what else, but a party. We are no exception in Iraqi […]
