Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Last week Erbil hosted for the fourth time the Project Iraq construction trade exhibition, together with the Elenex Iraq energy and electricity show. This year's construction fair was the largest so far, attracting exhibitors from 20 countries and thousands of visitors. Project Iraq 2011, the 4th International Trade Exhibition for Construction & Environmental Technology for […]
The Chairman of the Development Committee of Basra Council announced on Friday that he had completed a 1.58 trillion Iraqi dinar [$1.3 billion] plan for the province. Mustapha Attiya told Aswat al-Iraq that the figure “covers the allocations granted for Basra Province, including the Region’s development budget, as well as the revenues of the petrodollar […]
The Iraqi parliament took back control over the parliamentary Commission of Integrity from the Council of Ministers on Saturday. The majority of the members of parliament voted for the new committee law, despite strong opposition form the State of Law Coalition of Prime Minister Nouri al-Maliki. "The parliament can now assign the new head of […]
In order to meet the specific insurance requirements of oil rig drilling contractors operating in Iraq, Marsh and Anglo Arab Insurance Brokers (AAIB), Iraq Insurance today announced the launch of a new Iraq Land Rig Facility. The facility provides cover for physical loss of or physical damage to drilling rigs and associated equipment, machinery breakdown and […]
By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. This article was originally published on the Emerging Economics blog. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. We are seeing an unprecedented level of interest in Iraq from […]
The Chairman of the Baghdad Investment Commission, Shaker A. Shabib, spoke recently with Padraig O'Hannelly for Iraq Business News, and outlined the opportunities available in Iraq's capital: Iraq Business News: I'd like to ask you firstly about the opportunities that are available in Baghdad; we hear a lot about the oil producing regions, but what […]
Most of Iraq’s revenue comes from oil. But natural riches may also mean fewer political freedoms and a state that behaves like a charity toward its own people. This must change, an Iraqi economist Nagih al-Obeidi argues in this article from Niqash. The economic and political theory on “rentier states” says that a nation that […]
The KRG’s Head of Foreign Relations in Erbil met Sweden’s Ambassador to Iraq, who announced that Sweden will upgrade its diplomatic presence in Kurdistan to an Embassy Office. The Kurdistan Regional Government’s (KRG) Minister Falah Mustafa Bakir received H.E. Carl Magnus Nesser and his delegation. The ambassador said that the Swedish government has decided to […]
The Iraqi-Italian Economic Forum was opened in Erbil on Monday, with the participation of between 40 adn 50 Italian companies, along with representatives from the Italian Chambers of Commerce and Industry and Iraqi Chambers of Commerce. The forum, also attended by Iraqi Kurdistan Region’s Minister of Industry & Trade, Sinan al-Chalaby [Chalabi] and the Minister […]
The new head of the European Union Delegation to Iraq, Ambassador Jana Hybášková, paid her first visit to the Kurdistan Region to discuss political and economic ties. In a meeting with Kurdistan Region President Masoud Barzani, recent developments, the current programs and role of the EU in Iraq, and the relationship between the Kurdistan Regional […]
Iraqi Prime Minister Nouri al-Maliki has ordered the formation of a Higher Council for Economic Affairs to act as a consultant on economic projects in the country, according to a report from Bloomberg. The council “will propose recommendations on economic agreements and the volume of commercial exchanges between Iraq” and countries with which it cooperates […]
Jordan and Iraq agreed on Saturday to ease regulations at Iraqi border posts to facilitate the transport of goods, according to a report from Petra. A joint committee tasked with easing transport and trade also emphasised the importance of a rail link between the two neighbours and to carry out a memo of understanding signed […]
