Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
A spokesman for the Iraqi Ministry of Electricity said on Saturday that resolving the energy crisis that has plagued the country in recent years will cost an estimated $6bn [7.2 trillion Iraqi dinars]. Musab al-Mudaris told AKnews that the ministry has asked parliament to provide appropriate funds in the 2011 budget to resolve the shortcomings […]
Reuters reports that the chief executive of private equity group MerchantBridge and two JPMorgan executives were among seven people killed when a small plane crashed in northern Iraq. The plane went down shortly after takeoff on Friday from Sulaimaniya airport in Kurdistan. MerchantBridge CEO Basil al-Rahim and Abdallah Lahoud, a partner in the company, died […]
Iraq expects private investment in its economy to triple to $30 billion [36 trillion Iraqi dinars] this year, as energy, agriculture and housing projects accelerate now that the country has formed a new government, a senior government official said on Tuesday. Investment exceeded $10 billion last year, Salar Mohammed Ameen, vice chairman of the National […]
The Kurdistan Regional Government (KRG) signed a broad agreement with the Veneto region of Italy in Venice to strengthen political, economic, and cultural ties. The Memorandum of Understanding (MOU) was signed on behalf of Kurdistan Region’s President Masoud Barzani by his Chief of Staff Dr Fuad Hussein, and by the President of Veneto Region Luca […]
The director of economic relations in the Federal Trade ministry said on Monday that his ministry backed the World Trade Organization (WTO)’s decision to enter into a third round of negotiations over granting Iraq permanent membership. Hashem Hatem told AKnews that Iraq is working to a well-prepared plan to raise its status from observing member […]
By Lisa Knight, Creative Director & Founder of The Brand Foundation. National branding is a vital strategic activity undertaken by governments worldwide, in emerging and established nations, the impact of which goes far beyond tourism -- it has the power to dramatically alter the economic landscape and attract major foreign investment, dramatically impacting the […]
Southern Iraq's Maaqal Terminal port in Basra Province has received 288 ships in 2010, more than it did in any year since 1980, a Transport Ministry statement said. "The reason for such large number of ships, that was received by Maaqal Terminal in 2010, is due to the projects built as part of the reconstruction […]
According to a report from AKnews, the Belarusian government is planning to build a factory to make tractors, trucks, and agricultural machinery in Iraqi Kurdistan. A delegation of Belarusian investors and businessmen, led by the Belarusian Industry minister, announced the plan on Wednesday at a meeting with Erbil's governor, Nawzad Hadi. The foreign delegation made […]
Iraq and Kuwait pledged on Wednesday to work toward resolving border disputes and debt issues as the two former enemies seek to repair relations damaged by Saddam Hussein's 1990. Iraq's Foreign Minister, Hoshyar Zebari (pictured), and the Kuwaiti ambassador made the remarks at a flag-raising ceremony at the new Kuwaiti Embassy in Baghdad — the […]
According to a report from Press TV, Iran and Iraq's Kurdistan may agree a visa waiver scheme to facilitate cross-border travels as part of a program of increased cooperation between the two sides. To facilitate cross-border travel for both Iranians and the citizens of the Kurdistan region in northern Iraq, and to encourage trade and […]
Iraq Business News is to be the Official Digital Media Sponsor for the Basra Oil & Gas Conference 2011. Publisher Antony Wakeham describes the conference as "undoubtedly the up and coming O&G event in Iraq. We are proud to have been chosen as Official Digital Media Sponsors for 2011". In one year Iraq Business News […]
An Iraqi Government spokesman said on Wednesday that the Council of Ministers have approved the purchase of 18 F-16 Falcon military aircraft as part of a weapons deal signed with the U.S. administration. Ali al-Dabbagh said in a news conference today following the Cabinet meeting that the U.S. will deliver the aircraft to Iraq within […]
