Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Following the Supreme Court decision to place several independent bodies under the control of the Iraqi cabinet, rather than the parliament, a legal expert has said that the Central Bank of Iraq is an independent body that cannot be linked to the Cabinet. According to the report from AKnews, the Central Bank of Iraq warned […]
Iraqi Prime Minister Nouri al-Maliki has won a court ruling placing independent bodies like the central bank and the electoral agency under the control of the cabinet, rather than the parliament, a centralization of power that critics are calling a "coup." Maliki's government made the request to the supreme court in December before he was […]
Reuters reported on Tuesday that Syria has lifted visa restrictions on Iraqi nationals in a sign of improving ties between the two neighbours. Syria’s official news agency said a cabinet decision will make it possible from 1st February for any Iraqi to apply for a visa at the border, instead of from the Syrian embassy […]
Iraq's ambassador to the Philippines called on Tuesday for the Philippines to lift its travel ban to Iraq, saying Filipinos can benefit by taking part in the reconstruction of the war-damaged country. Ambassador Wadee Al-Batti was reacting to a recent reiteration by the Philippine government of a travel and workers' deployment ban to high-risk countries […]
The former chief executive of a British chemical company has settled allegations that he approved illegal bribes to Iraq's Oil Ministry and government officials in Indonesia in the mid-2000s, according to the Wall Street Journal. Paul W. Jennings, former CEO of Innospec Inc., agreed to pay $229,000 to settle allegations that he violated the U.S. […]
The spokesman for the Kurdistan Region’s investors said the UK government is planning to issue two-year visas for businessmen from Iraqi Kurdistan, adding that the British government also seeks to open a branch of its banks in the Region as well as introducing assurance [insurance] and consultancy companies. According to the report from AKnews, the […]
The General Manager of the Iraqi Exhibitions Company said on Monday that the Trade Ministry is preparing a two-year investment plan for the reintroduction of Iraq’s subsidized state supermarkets. Sadiq Hussein Sultan told AKnews that the Trade ministry plans to invite investors to help reinstate the Central Markets Company, set up by the Iraqi government […]
After the Iraqi Planning Ministry announced that the unemployment rate across Iraq has spiked to 15%, an official from the Kurdistan Region said the rate in Kurdistan is just one percentage lower than the Iraqi level, according to a report from AKnews. The Iraqi planning minister, whom the report names as 'Mahdi Allaq' [Nasar al-Rubaie?], […]
The general director of exhibitions and companies in the Ministry of Commerce announced on Sunday that the ministry is preparing to build exhibition centres in all Iraqi provinces, in coordination with local governments or through investment projects that are similar to Baghdad International Fair. Sadiq Hussain Sultan told AKnews that the ministry has large commercial […]
The first annual Iraq Airport Expansion Cargo and Logistics (IAECL) conference & exhibition will be held in Erbil on the 26th and 28th of April, 2011, at the Erbil international fair grounds. Iraq’s major airports are being re-developed, and provincial governments are upgrading existing airports as well as planning the construction of new airports. Cargo […]
The Chief Executive Officer of Sweden's Scania AB, Leif Oestling, will be called for questioning by a Swedish prosecutor over allegations that the truckmaker violated United Nations sanctions against Iraq, Dagens Industri reported, citing an interview with the prosecutor. Prosecutor Nils-Eric Schultz will ask Oestling whether his employees may have violated sanctions without his knowledge, […]
The Deputy Prime Minister of Iraq, and the Trade Minister, Roze Nouri Shawis met the Egyptian Trade and Industry minister, on Monday to discuss ways to increase trade between the two countries. Shawis told AKnews that the meeting dealt with the mechanisms to support and promote Arab economic cooperation with Iraq, especially in the Kurdistan […]
