Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
The Syrian Trade and Economy Minister, Lamyaa Assi, says her country is planning to deepen “historic and strategic” Syrian-Iraqi relations. The Syrian Minister spoke to AKnews correspondent in Egypt as the Arab trade and economy ministers are coming together in the Sharam al-Sheikh resort to discuss economic development. Iraq and Syria will develop a strategic, […]
The Turkish Foreign Minister, Ahmet Davutoglu, met the Iraqi Parliament Speaker, Osama al-Nujaifi, in Baghdad on Sunday and congratulated him on his election as the Parliament Speaker. Davutoglu said he was pleased over the developments in Iraq and underlined that, "we will be pleased to see inclusion of Iraq to a free trade zone among […]
Bloomberg, quoting the Nikkei newspaper, says Mitsubishi's gas project in Iraq will receive long-term trade credit insurance from Japan's state-backed Nippon Export and Investment Insurance. According to the report, this is the first time in 21 years that Japan has provided this facility for a venture in the Middle East. The company will insure Mitsubishi’s […]
An appeal by the Iraqi government against Kuwait Airways' (KAC) claim over the theft of its aircraft during the Iraqi invasion of Kuwait has been summarily dismissed by a Canadian court of appeal, Arabian Aerospace has reported. Last year, KAC seized Iraqi Airways and the State of Iraq interests in an order of new aircraft […]
The Iraqi government has officially demanded that parliament allocate 206 billion Iraqi Dinars (IQD) [$175m] from the 2011 public budget for the Arab Summit in the Baghdad in March Shuwan Mohammed Taha, a Kurdish member to the Iraqi parliament, told AKnews that since the budget for hosting the summit is high, the presidency of the […]
Iran-Iraq joint committee will start demarcating their borders in the near future, according to report published on Fars news agency on Friday. Fars reported an Iraqi deputy foreign minister as saying that a joint committee has been established in this regard to start a new demarcation of the common borders. He expressed hope that the […]
By UK Embassy in Baghdad: Sometimes red tape is a good thing – not a thing I would normally say or think as a civil servant. Let me explain. One of the best things UK does in Iraqi Kurdistan is train police forensics teams. We have spent a lot of money on it and we […]
AKnews quotes a source at 'Esh Bank' [Is Bankasi] as saying that the Iraqi Central bank has granted a license to the Turkish group to open branches in the Iraqi capital and the capital of the Iraqi-Kurdistan region. The source, who declined to be named, told the agency that the Turkish bank is now awaiting […]
The Central Bank of Iraq (CBI) stated on Thursday that the assumed value of taxs in the 2011 budget is amounted to 2.7 trillion Iraqi dinars, that is 3% of the state budget. Muzher Mouhammed Saleh, the adviser of the ICB, told AKnews that the tax file is semi-disabled in Iraq due to the poor […]
