Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The U.S. State Department plans to deploy 16,000 civilian employees in Iraq, the Washington Post reports. And while the U.S. military is supposed to be out of Iraq by the end of the year, the two governments are trying to negotiate an agreement for a small training force to remain. But those forces will be […]
Dubai's Majid Al Futtaim Holding (MAF), sole franchisee of hypermarket chain Carrefour in the Gulf, is to set up a sukuk programme (debt securities structured to comply with the Islamic law) as market volatility continues to thwart its plans for a conventional issue, according to a report from Reuters. MAF completed roadshows for an offering […]
Australia is planning to open a consulate in the oil-rich province of Basra in order to boost Australian-Iraqi business relations in the area, according to a report from AKnews. Australia's Ambassador to Iraq, Lyndall Sachs (pictured), is currently visiting Basra to examine the possibilities for a consulate, as well as for an airline connection. "This […]
The planning commission of the provincial council of Baghdad announced the construction of an industrial city of approximately 2,000 donums (500 hectares) in the Nahrawan area, south of the Iraqi capital. According to AKnews, the project will be built by the Iraqi company Majd al-Ard, and will cost around $250 million USD (293.3 billion IQD). […]
By Rickie Cole of SGS, in response to our Iraq Business News article on importation inspection: On 1st May 2011, the Central Organisation of Standardisation and Quality Control (COSQC) in Iraq implemented the Pre-Importation Inspection, Testing & Certification of Goods to Iraq (ICIGI) programme. This programme is designed to monitor the quality of regulated goods […]
The State Company for Oil Projects (SCOP), part of the Iraqi Ministry of Oil, has awarded the French-based Axens, a fully-owned subsidiary of IFP Energies nouvelles, the Basic Design and License contracts for the construction of the new refinery in Nassiriya, Iraq. Axens will supply the following process technologies for the refinery: H-Oil RC technology […]
Foreign Minister Hoshyar Zebari met Swedish Minister of Trade, Dr. Eva Burling, and the accompanying delegation on Tuesday. The Minister welcomed the minister and explained the situation in the new democratic Iraq. The two sides exchange views on ways of developing the Swedish-Iraqi relations for the benefit of both countries, and to promote trade between […]
Italy's Minister of Economic Development Paolo Romani this week led a trade delegation representing more than 50 companies to the Kurdistan Region to participate in a high profile business conference. Minister Romani’s visit to Kurdistan was part of a broader trip to Iraq, and was organised to coincide with the Italian-Kurdistan Region Business Forum and […]
A delegation from the Indian company Jindal recentlty visited Basra Investment Commission and presented an industrial investment project to construct a plant for pipe production and coating. The assistant director of the company revealed that the investment capital of the project is 200 million dollars and that the project requires an area of 160 acres. […]
Paris Gallery, the Dubai-based luxury retailer, has scrapped plans to expand in Syria, Egypt and Lebanon, following the unrest in parts of the Middle East. Instead, the perfumes and cosmetics retailer will focus on economies it considers more stable, such as Iraq, Turkey, Azerbaijan and India. "We opened one store in Aleppo, but the process […]
Kurdistan Region President Masoud Barzani met with Austria's President Heinz Fischer on Friday in Vienna to discuss bilateral relations and mutual cooperation. In a very cordial meeting, President Barzani and President Fischer exchanged views on the current political situation in Iraq and in the Kurdistan Region, and the recent political developments in the Middle East. […]
Fluor Corporation has dropped a protest filed last month with the Government Accountability Office challenging a $500 million award to KBR for a logistics support contract in Iraq, according to a report from Bloomberg. According to the news agency, a Fluor spokesman said the company had no comment. The contract was on hold until the […]
