Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The parliamentary economic committee will oversee all commercial contracts signed by the Trade Ministry in order to eliminate corruption, a committee member announced today. Salman al-Moussawi told AKnews that the intervention of the commission is backed by the government in a bid to accelerate the work of the ministry and negate the possibility of fraudulent […]
The Parliamentary Integrity Commission revealed on Sunday the most corrupt government ministries, indicating that they are currently investigating the cases and that more details will follow. Bahaa al-Aaraji, the chairman of the committee told AKnews that the most corrupt ministries are those of health, trade, defense, sports and youth, as well as the Secretariat of […]
A member of the Economic Commission in the Iraqi parliament said on Saturday that the current investment law will be changed completely and replaced by a new one that fits the economic needs of the country, and which will accelerate the completion of service projects. Salman al-Moussawi told AKnews that the Economic Commission is not […]
Japanese auto-maker Nissan has opened its main sales office in Iraq in the capital of the Kurdistan Region, Erbil. Nissan becomes the second major Japanese car manufacturer to have an office in the Kurdish capital, after Toyota. Sardar Cars Group will be the sole agent for Nissan in Iraq which has based its office in […]
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Iraq has agreed to postpone an Arab League summit scheduled for March 29 in Baghdad, a government official said on Thursday, according to a report from Reuters. The move reportedly came following a request from Arab foreign ministers because of turmoil in some countries in the region. "It has been agreed to postpone holding the […]
Baghdad Investment Commission has issued 87 investment licenses worth a total of 3.5 billion dollars during the last thirteen months, and it claims these will provide about 350,000 jobs. The Commission's Chairman, Mr. Shaker Al- Zamily, said the licences included 13 in the construction sector (consisting of 17 projects for the construction of 120,000 housing […]
The United Nations in Iraq calls on all Iraqi authorities to fully recognize the importance of participation of all Iraqis in building a democratic, stable and prosperous State in order to consolidate and further strengthen significant progress made in the recent period. The UN in Iraq emphasizes that freedom of expression and assembly are fundamental […]
The Chairman of Basra Investment Commission said that the commission had granted 12 new investment licenses during 2010, which is the same number of projects licensed in 2009. Haidar Ali showed that the value of housing projects exceeded $500 million [600 billion Iraqi dinars], while the value of industrial projects was more than $245 million. […]
NIC Chairman, Dr. Sami Al- Araji has proposed standardising the investment licence template for investors in all provinces. The new licence template was discussed during a meeting headed by Dr. Sami and attended by the chairmen of the PICs (Provincial Investment Commissions). Dr. Sami also gave his directives to accelerate the process of allocating the […]
Babil Investment Commission announced the intention to contract with the American company 'Fidelity International' to provide the province with 70 power generators on an investment basis. The Chairman of the Commission said that the provincial government had directed during the meeting with the energy committee and the investment commission to contract with the company to […]
A delegation of 13 businessmen, traders and investors from the United Kingdom has reportedly arrived in Erbil today, on a trip to study economic conditions in the region. Bayan Sami Abdul Rahman (pictured) told AKnews that, "the British delegation aims to invest and participate in the reconstruction campaign in the region". (Source: AKnews)
