Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Major U.S. hotel brands are moving into the north of Iraq, a reflection of growing economic development in the Kurdistan region of a country that most U.S. consumer brands have long avoided. Marriott International signed agreements on Sunday with Empire Iraq to manage two new properties in Iraq’s Erbil. The agreements, signed at the newly […]
By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy, an Iraq based private sector development consulting company. IRAQ INSIGHTS, published by Ideas sYnergy, aims to consolidate and build intellectual capital on private sector development, empowering stakeholders to address issues of access and structural reforms on a diverse range of topics impacting inclusive economic […]
AKnews reports that trade between Turkey and Iraq should hit US$15 billion [18 trillion Iraqi dinars] within the next three years, the said today. Speaking at the inauguration of the first flight between Istanbul and Najaf, Turkish ambassador to Iraq, Murad Aozglic, said that the strategic cooperation agreement signed by the Turkish Prime Minister Recep […]
Alsumaria News reports the the British company Serco has signed a $30 million contract with the Iraqi Ministry of Transport to manage its air traffic control funtions. The new British Ambassador, HE Michael Aron, said "the signing of the contract will encourage more British companies to come to Iraq." The company has previously won contracts […]
Starting May 1, 2011, the Central Organization for Standardization and Quality Control (COSQC) has implemented the Pre-Importation Inspection, Testing, and certification of Goods into Iraq (ICIGI), relative to the COSQC Law No. 54 of 1979 (Article 3/Clause 8). Under this programme, COSQC requires that regulated imported products whose standard specifications were declared compulsory under the […]
Closer trade and political ties were forged this week between Kurdistan and Northern Ireland during a visit to Belfast by a Kurdish business delegation led by two ministers. Kurdistan Regional Government (KRG) Trade and Industry Minister Sinan Celebi, Municipalities and Tourism Minister Samir Abdullah and several KRG officials met with Northern Ireland's Enterprise, Trade and […]
According to a report from AKNews, 1,602 foreign companies have branches in Iraqi Kurdistan. The latest figures from the Kurdistan Company Registration Directorate show that 18 months ago there were 1027 foreign companies operating in the region, meaning there has been an increase of 55 per cent. There are also 10,100 local companies working side […]
A ministerial-led delegation of business leaders from the Kurdistan Region in Iraq this week visited Edinburgh, where they met Scottish ministers, members of parliament and business organisations who all agreed the two nations should strengthen their ties. Trade and Industry Minister Sinan Çelebi and Municipalities and Tourism Minister Samir Abdullah Mustafa discussed tourism, the trading […]
The passing of control of the Development Fund for Iraq (DFI) to the Iraqi government may make the assets vulnerable to seizure. A lawyer for Kuwait Airways told Bloomberg in an interview that “the class of assets against which we can seek enforcement has expanded.” Christopher Gooding (pictured), a partner at London-based Fasken Martineau, said: […]
TNT Mateen Express Iraq, the global business to business express delivery company, can now delivery parcels inside the International Zone, formerly known as the Green Zone. Located in Baghdad city, the International Zone embraces major multinational companies and is also known as the diplomatic and government district. TNT Mateen Express can now deliver and pick […]
Many UK companies such as BTWShiells, HSBC, Land Rover and Mothercare have already joined international brands such as Carrefour, Coca-Cola, Diesel, Ecco, Lafarge, Pepsi, Levi’s and Mango in Kurdistan but there are many more opportunities for UK companies, in a surprisingly wide range of sectors in the Region. With 71 companies now operating in the […]
Aswat al-Iraq news agency reports that Karbala's Provincial Council has decided on Monday to cut the electric power supplied to the cement plant run by French company Lafarge. “[The company] must get its power by itself and achieve an annual production of 30 million tons,” Tareq Gatifa al-Khikany, Chairman of the Council’s Economic Committee said. […]
