Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
KIMADIA, the State Company For Marketing Drugs And Medical Appliances invites all medical companies and scientific bureaus to participate in IRAQ HEALTH EXPO 2011. Iraq Health Expo and Conference - International Medical Equipment, Healthcare Industry and Services Exhibition will take place between 27-30 October 2011 in order to reconstruct the industry in Iraq. The purpose […]
The local council in Karbala [Kerbala] has granted 27 investment licences to international and Arab companies, including an Iranian company, the chairman of the Karbala council said on Monday. “All news assertions that Iranian companies control the Karbala market are baseless,” Mohammad Hamad al-Moussawi told Aswat al-Iraq news agency. “There is only one Iranian investment […]
Jordan’s Ambassador to Iraq Mohammad Taisir Masadeh last week met President Masoud Barzani, Prime Minister Barham Salih and ministers in Erbil to assess the latest developments and pave the way for a Jordanian consulate to open soon in the Kurdish capital. President Barzani and Ambassador Taisir discussed strengthening cooperation and coordination between the Kurdistan Regional […]
Members of the European Parliament this week in Erbil met the Kurdistan Region’s leadership. The head of the delegation Mr Struan Stevenson said to President Barzani that Iraq and Kurdistan could provide a model in the Middle East of how challenges can be solved through democracy. When meeting President Barzani, Mr Stevenson said that his […]
Hungary is keen to improve trade and relations with Iraq, and along with the re-opening of its embassy in Baghdad it plans to open a consulate in Erbil. The announcement came on Sunday after a meeting between Hungary's deputy foreign minister, its Ambassador to Iraq, and the Chairman of Kurdistan's department of External Relations. According […]
Thirty-seven percent of the investment plan projects for the year 2011 in the province of al-Muthanna were approved in a “record” time, according to the province's governor, Ibrahim Salman al-Mayyali, on Thursday. “Muthanna finalized referral of 73% of the projects in the 2011 investment plan, worth 66.680 billion Iraqi dinars [$55.6m], thus outstripping all other […]
The legal department of the Basra Investment Commission (BIC) is carrying out the final study of the bottled water project. The head of the department, Mohammed Rhyad Hilal (pictured), said that the project submitted by the international company Everest Seven, includes the construction of a plant producing bottled water sterilized by ozone. The production capacity […]
The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, made $880 million available to nine successful claimants on Thursday. The latest round of payments brings the total amount of compensation disbursed by the Commission to $32.2 billion for more than 1.5 […]
CT Group Travel in conjunction with UK Trade & Investment and The Middle East Association launch a trade mission to Kurdistan. Iraq is poised to be one of the world's leading emerging markets, driven by oil revenues and economic development across the board. Part of the government's five year development plan is to attract over […]
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. Imagine a visitor who arrives at Erbil International Airport. He passes a car showroom and heads to a hotel. He flicks a switch and is pleased to see the room illuminated […]
“Without a change in the law, Iraq’s insurance industry is at risk of standing still”, says CEO of AAIB Insurance Brokers. AAIB Insurance Brokers, Iraq’s leading international insurance broker, together with Marsh, the world’s largest insurance broker, hosted an Insurance Conference in Erbil, in Iraqi Kurdistan, on 27 April. The event brought together over 40 […]
More than 200 foreign companies participated in last weekend's 2nd Basra International Exhibition for General Trade. Most of the companies were Turkish, with others coming from Iraq and Germany. The exhibition, which was sponsored by the Governor of Basra, the Ministry of Trade and BIC, was attended by a number of the Iraqi officials, representatives […]
