Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Wassit Provincial Council met with a number of Turkish firms on Sunday to discuss possible investment ventures in the province, according to the chairman of its information committee. The projects are in the fields of sanitation, water networks and "urban communities", Sondos al-Dhahabi told Aswat al-Iraq news agency. “The designs of four new cities in […]
An independent Spanish journalist said on Monday that there is greater press freedom in the Afghan capital Kabul than in the Iraqi capital, after experiencing first-hand the ongoing restrictions imposed on journalists and their movements in Baghdad. AKnews reports that on his fifth visit to Iraq, Carlos Zorotoza complained that his camera was confiscated by […]
A legal adviser to Prime Minister Nouri al-Maliki said on Sunday that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the Oil-for-Food program, according to an AKnews report. Fadel Mohammed told the agency that the government is determined to bring these companies to justice, adding that there are […]
Further to our report last week on Iraq's new import tariffs, you can download the new tariff list in English by clicking on the link below: Import tariffs (English version) The Arabic version is contained in 21 large pdf files, and can be downloaded from the Ministry of Finance: Import tariffs (Arabic version) Iraq Business […]
Iraqi Kurdistan's President, Masoud Barzani, and Prime Minister, Barham Salih, have met Germany’s Federal Minister for Economic Cooperation and Development, Dirk Niebel. Mr Niebel was accompanied by two members of Germany’s federal parliament and several business representatives. At their meeting, President Barzani told the delegation that he hopes the Kurdistan Region’s already excellent diplomatic and […]
Masoud Barzani, President of Iraqi Kurdistan, held a meeting on Wednesday with the prime minister of the Kurdistan Regional Government (KRG), the speaker of Kurdistan Parliament, and leaders and representatives of political parties in the region to exchange views on how to fight corruption and make the KRG's institutions more efficient. President Barzani said it […]
ManTech International said on Monday that it won a $488 million, 11-month, contract from the U.S. Army's TACOM Contracting Center to continue providing logistics sustainment and support for the U.S. military's MRAP Family of Vehicles. The company will manage, monitor and sustain equipment operational readiness for MRAP FoVs. In addition, it will provide rapid assessment […]
AFP reports that Iraq will sharply raise tariffs in March in the first major reform of its customs regime since the US led coalition that ousted Saddam Hussein slashed duties. The new tariffs were detailed in 794 page document published by the Iraqi finance ministry's public commission of customs and will come in to effect […]
A U.S. Marine captain who last year pleaded guilty to skimming nearly $1.7 million from government contracts in Iraq was sentenced to six years in federal prison on Monday. Eric Schmidt, aged 40, of the First Marine Division, pleaded guilty in May to conspiracy to commit wire fraud and filing a false tax return with […]
Dubai-based Al Khaleej Sugar Co. is in talks to sell white, or refined, sugar to Iraq, said General Manager Cyrus Raja. “They are in dialogue with parties for buying sugar, including Al Khaleej,” Raja told Bloomberg. According to Sucden Financial, Iraq is in the process of buying 150,000 metric tons of white sugar from private […]
Basra’s port of Umm Qasr received a shipment of more than 40,000 tons of rice on Sunday. According to the head of public relations at Iraq's ports department, Anmar al-Safi, the shipment was for the Ministry of Trade. “The ship Captain Hady from the Bahamas anchored at a quay in Umm Qasr with 40,045 tons […]
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. Whenever I travel to downtown Erbil from our consulate in the northern reaches of the city, I am struck by the pace of change. Erbil, and much of the rest of […]
