Iraq's Trade Ministry has prepared a plan to rehabilitate the Baghdad International Fair at a cost of 4 billion dinars [$3.4m], according to a media director. “The ministry has mapped our a plan to rehabilitate the Baghdad International Fair in preparation for the coming 38th season,” Mohammad Hanou told Aswat al-Iraq news agency. “The ministry […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Tags: Baghdad Fair
Light at the End of the Tunnel
After eight months it seems that finally we are close to an agreement on the formation of the next Iraqi government. When the talks finally reach a conclusion, there's a long list of issues to be addressed by the incoming government, not least of which is Iraq's abysmal ranking in the World Bank's latest Doing […]
$233m New Projects in Najaf
The Najaf Investment Commission has granted three investment licences worth a total of $233m [273 billion Iraqi dinars] to two Iraqi companies and a Turkish company. The head of the board, Wafi Albhash, told AKnews that the Turkish company was granted an investment license for a housing project worth $ 218 million. A licence to […]
Tags: Najaf
Basra's Sinbad Island to Become Tourist Attraction
The group of US investors held talks with local officials in Basra about establishing a tourist project on Sindbad Island [Sinbad Island], a source told Aswat al-Iraq news agency on Wednesday. A delegation from the group discussed the project with Basra's Governor, Shaltagh Abboud, and Deputy Chairman of Basra Council, Ahmad al-Sulieti. “The project includes […]
Work Starts on Sulaimaniyah's New $150m Mall
The Prime Minister of the Kurdistan Regional Government, Barham Ahmed Salih [Barham Saleh], laid the cornerstone of the second largest shopping complex in Kurdistan. The ceremony in the city of Sulaimaniyah city underlined the region's growing economic power. The complex will be built by the Kurdish investment group, Hiwa [Hewa], owned by Ahmed Majidi, who […]
Tags: Barham Salah, Barham Saleh, Barham Salih, Hewa Group, Hiwa, Kurdistan News, Majidi, malls, Sulaimaniya, Sulaimaniyah, Sulaymaniya
Egypt to Open Consulate in Basra
Egypt's ambassador to Baghdad, Kamal Shaheen, has said that he wants to re-open a consulate in Basra province soon. He told NMC that this decision reflects a desire to deepen relations with Iraq. He added that many Egyptian investors and businessmen visited Baghdad to review investment opportunities, and their next step was often to visit […]
Tags: Basra News, Egypt
Iraq - the Next Tourism Hotspot
Iraq is poised to be a future tourism hotspot, reveals the new WTM Global Trends Report. The report, in association with Euromonitor International, shows Iraqi tourism is growing fast with increased airline and hotel capacity following the country’s successful attendance at World Travel Market 2009 – its first visit to a travel and tourism trade […]
Tags: AAIB, Anglo Arab Insurance Brokers, Arjaan, Austrian Airlines, Centro, Divan Erbil Park Hotel, Euromonitor, Le Royal Park Hotel, Lufthansa, Millennium and Copthorne, Rotana, Safir Hotels and Resorts, Sharaf Travel, Terre Entière, tourism, World Travel Market
World Bank Slates Iraq's Business Environment
As Iraq's politicians continue to haggle over the formation of the next government, the World Bank has issued its latest Doing Business 2011 report, and the incoming administration would do well to read it. Consider the following: Out of 183 countries monitored, Iraq ranks 166th, behind even Haiti and Zimbabwe; No business regulation reforms have […]
Tags: Corruption, World Bank
AAIB and Marsh Sign Exclusive Iraq Insurance Agreement
Marsh has announced that it had signed a mutually exclusive agreement with Anglo Arab Insurance Brokers, the only international broker to be licensed and registered to operate in Iraq with offices across the country. Under the terms of the agreement, Marsh and AAIB will co-operate on insurance coverage, risk management and claims handling issues for […]
Deloitte to Open Iraq Office
Global accounting and audit firm Deloitte plans to open its first office in Iraq and is working on an add-on acquisition to grow its Middle Eastern presence, according to report from Reuters. Omar Fahoum, chairman and chief executive of Deloitte Middle East, told Reuters that the company will open a branch in Baghdad in the […]
Tags: Deloitte
Bhatia Brothers to Re-enter Iraq
Dubai-based Bhatia Brothers is looking to re-enter the Iraq market as there are business opportunities galore, a top company executive said. "We are working on Iraq. Previously, we have done business with Iraq. There were a number of complexities that restricted business opportunities in Iraq in the past 10 years. Now, that businesses are being […]
Tags: Bhatia Brothers
USAID-TIJARA Plans Microfinance Conference
The USAID-Tijara “Putting the Poor First” microfinance symposium, a program supported by the U.S. Government, will be held November 28-30 in Erbil. The Inclusive Financial Services Stakeholders’ Conference will bring together leaders from the 12 microfinance institutions (MFIs) that provide financial services throughout Iraq. The forum will attract Iraqi policy makers, donors, banks, small business […]