Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Middle East Association, in partnership with UKTI, will be taking a Trade Mission to Jordan from 9th to 13th May. The Mission will visit Amman and facilitate exposure to important business opportunities in the Iraqi and Jordanian markets. Over 200 Iraqi companies are registered in Amman, and the city serves as the preferred residence […]
Iraq welcomes Sri Lanka’s cooperation and talented labour force to rebuild the nation, according to a report from Sri Lanka's Daily Star. Addressing a media briefing at the Chamber of Commerce yesterday, Iraq's Ambassador, Kahtan Taha Khallaf Kali, said Iraq aims to produce 11 million barrels of oil per day in 2016, compared to about […]
The Executive Board of the International Monetary Fund (IMF) completed the second review of Iraq’s economic performance under a program supported by a Stand-By Arrangement (SBA) on Friday. Completion of the second review makes an additional SDR 297.1 million (about US$471.1 million) available for disbursement, bringing the total resources currently purchased by Iraq under the […]
MAG (pronounced “Mag”) – Mines Advisory Group – is a neutral and impartial humanitarian organisation that clears the remnants of conflict for the benefit of communities worldwide. MAG has destroyed more than 430 deadly weapons that were threatening the lives of truck drivers and blocking development at one of the biggest trading points between Iraq […]
An international investment magazine has ranked Erbil in fifth position among top Middle East cities with potential for foreign direct investment. This places Erbil ahead of Muscat and Riyadh. FDI Magazine, a subsidiary of the Financial Times, in this month's edition, ran a feature on Middle East cities of the future, ranking cities by economic […]
Iraq’s commercial attaché in Egypt said on Monday that the Arab League has set a 2012 deadline for the completion of a unified customs table in preparation for the 2015 launch of the Arab Customs Union. “The customs tables include all the goods that are traded in the world, and therefore rerquire enormous effort,” Ali […]
The commander of Iraq's rapid response force has been arrested on suspicion of corruption. According to a report from Reuters, Brigadier General Numan Dakhil was caught during a sting operation in which he was filmed taking a $50,000 bribe from a contractor. Sabah al-Saedi, a member of the Integrity Committee, said that Brigadier General Numan […]
Reuters reports that France's grain export lobby has invited an Iraqi delegation to visit the country as it tries to break into what has become one of the world's major wheat import markets. The move followed the signing last year of a letter of intent between France Export Cereales and Iraq's grain board on establishing […]
The United Nations Children’s Fund (UNICEF), United Nations Development Programme (UNDP) and United Nations Population Fund (UNFPA) have signed their Country Programme Action Plans for their respective 2011-2014 Programmes of Cooperation with the Government of Iraq. The signings endorse the key results the agencies will deliver over the next four years in support of the […]
Stores selling alcohol in the Iraqi capital were shut down by the Baghdad provincial council on Monday amid protests from their owners, according to a report from AKnews. Store owners were caught by surprise when police patrols arrived unannounced at their premises with orders from the provincial council to close down all unlicensed shops and […]
Vehicle imports through the Haji Omaran [Haj Omran, Haj Umran] border crossing (pictured) on the Iranian border north of Erbil have dropped by 73 per cent, from 2,000 cars per month in 2010 to 1,195 vehicles in the first two month of 2011, according to a report from AK News. Salar Omar, vehicles department official […]
Several major multinational companies last week came to see the business opportunities in the Kurdistan Region as part of a British trade delegation. The trade mission was led by the Middle East Association (MEA), which is the UK’s leading organisation for UK-Middle East trade and has brought eight delegations to Kurdistan. Mr David Lloyd OBE, […]
