Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Deputy Chairman of Iraq’s Integrity Commission had demanded Prime Minister Nouri al-Maliki sack the Chairman of the Haj (Pilgrimage) Commission, Mohammed Taqi al-Moula, following charges of corruption. “There are documents and dossiers, being studied since over one month by the Integrity Commission, that had agreed that the said official was involved in corruption,” Ahmed […]
The Kurdistan Regional Government's representation in Washington has launched Invest in Democracy, the KRG's official 2011- 2012 investment guide which outlines the buisness opportunities and investment climate for international companies in the region. The investment guide includes forewords by President Masoud Barzani, Prime Minister Barham Salih, as well as British Foreign Secretary William Hague, US […]
CNBC recently interviewed Hussain Qaragholi, Vice President of the U.S. Iraq Business Council and Managing Partner of Phoenix Capital, about investing in Iraq: (Source:CNBC)
Iran's Deputy Commerce Minister, Hamid Safdel, said Iran has plans to increase its annual trade with Iraq from the current level of around $6 billion to $10 billion, the official IRNA news agency has reported. Speaking at a seminar titled "Opportunities in the Iraqi Market", the minister said that the Iraqi market is very competitive, […]
A company owned by the Iraqi Ministry of Industry and Minerals has announced that it will buy buy a textile production line from a Swiss company for 1.77 million Swiss francs [$2.24 million, 3 billion Iraqi dinars]. Alforat TV quotes a director of the company as saying that the company is waiting for Ministry approval […]
As we reported in recent days, Iraq has decided to offer 18 factories to foreign investors to renovate and run, on very attractive terms. According to the reports, the deals are to be sweetened by some very interventionist means, such as paying half the wages of Iraqi workers in those plants, and restricting the importation […]
The UK's Middle East Association (MEA), in partnership with UK Trade & Investment, Invest Northern Ireland and the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan from 23rd to 28th October to coincide with the seventh Erbil International Trade Fair, Iraq’s largest general trade exhibition. Mission Participants will have the opportunity […]
The risks of working in or supporting the upstream oil and gas industry in Iraq are widespread and significant. From security and logistics to government bureaucracy, there are barriers to business that executives at many companies with a role to play in developing Iraq's oil and gas sector feel could be insurmountable. William Wakeham, CEO […]
Al-Iraqiya television has reported that Iraq is threatening to take the case of Kuwait's Mubarak al-Kabir Port to the United Nations if the harbour violates its maritime rights. An Iraqi Technical Delegation, led by the government’s Advisor, Thamer al-Ghadban, reportedly arrived in Kuwait on Sunday for a 2-day official visit. Bloomberg reports that Prime Minister […]
June revenue fell to less than $9m, the Directorate General of Customs reported. This is down more than two-thirds from US$27m in the same period last year. The office believes that changes to regulations that require quality-control certificates on imports, supplied by just two government contractors, has caused backlogs at border crossings, and reduced customs income. […]
Khalil Bin Abdullah Al Khonj, chairman of the Oman Chamber of Commerce and Industry (OCCI) met Habib Yousr Al Hashmi, the Chairman of the Iraqi Businessmen Union, on Tuesday, according to Oman Tribune. Al Khonji talked about exchanging visits and delegations to enhance trade and investment between the two countries, and in both the private and public […]
Mr Rolf Ulrich, the new Consul General of the Federal Republic of Germany to the Kurdistan Region, was received today by the Head of the Department of Foreign Relations, Minister Falah Mustafa Bakir. In welcoming Mr Ulrich to the Kurdistan Region, Minister Bakir assured him that the Kurdistan Regional Government (KRG) stands ready to extend […]
