Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Iraqi Transport Ministry announced on Tuesday that it has reached agreement with Turkey to import modern train carriages costing about $9 million [11 billion Iraqi dinars]. The carriages currently used by Iraqi Railways to transport goods and passengers are old and unable to meet the requirements of commercial transport with the regional countries, according […]
Al-Anbar received 150 billion Iraqi Dinars [$125 million] in revenues from its border crossings in the year 2010, according to the chairman of provincial council’s investment commission. “The sum of 150 billion dinars was received in returns from the three border outlets of Turaybeel [Tirbil, Tarbiel] (pictured), al-Tanaf and Arrar for 2010 and was transferred […]
The Iraqi Parliament’s Foreign Relations Committee has met with the Japanese Charge d’affaires in Baghdad on Monday, to discuss developing bilateral relations between the two countries. “The Parliament’s Foreign Relations Committee received the Japanese Charge d’affaires, Katsuhiko Takahashi, with whom it discussed the bilateral relations between both countries and means to develop them and to […]
The Armenian ambassador, Murad Muradian, visited the Basra Investment Commission (BIC) and discussed investment in Basra. He said that," we are willing to invest in Basra for it represents Iraq's most important city and its only port as well as its stable security and economical situation". He also revealed a plan to provide Iraq with […]
The National Investment Commission in Iraq has decided new regulations to decrease the use of foreign labor in Iraq, with the intention of providing more jobs for unemployed Iraqis. The following points were released by the NIC on Tuesday to clarify those regulations: The investor shall decide in advance the rate of the work force […]
The Czech Republic is planning to offer Iraq a number of light attack aircraft and help Baghdad to modernize its helicopter fleet, Czech Foreign Minister Karel Schwarzenberg said, according to a report from the Russian news agency RIA Novosti. Czech Prime Minister Petr Necas will visit Iraq on May 23-24 to promote closer economic cooperation […]
The British Consul General in Basra, Richard Wood, visited Basra Investment Commission (BIC) on Tuesday and discussed how best to facilitate British investors entering the province. They also discussed some economic and investment issues, especially those related to the main obstacles facing investors. According to the BIC, Wood expressed his appreciation of the role of […]
Exporters looking to serve the Iraqi oil and gas industry might be interested in the guaranteed twice-weekly express road trailer services between Western Europe and Iraq recently launched by independent freight forwarder F.S. Mackenzie. F.S. Mackenzie says that the service, which caters for express groupage and part-loads, has been launched in response to increased business […]
Kuwait Airways will seek compensation from Iraq for having allegedly stolen its aviation equipment and 10 aircrafts worth $1.2 billion during the first Gulf war, according to a report from Al-Arabiya. A lawyer from the Airline is quoted as telling Iraq Oil Report that the company will seek to enforce a 2006 English Supreme Court […]
Iraq is interested in Czech investments in agriculture, water management and energy industry, parliamentary speaker Osama Al Najafi [al-Nujaifi] (pictured) said on Friday after a meeting with the Czech Senate chairman Milan Stech. According to the report from Prague Daily Monitor, he said the investments will be boosted by an investment protection agreement to be […]
The Customs Directorate of the Iraqi Finance Ministry announced that 11 vehicles were seized carrying 200 tons of tea mixed with wood shavings and sticks imported by an Iraqi trader through the Traibil [Tirbil, Tarbiel] border crossing (pictured). The Director-General of the Customs Directorate Nawfal Khalil told AKnews that the Directorate has opened an investigation […]
The Kurdistan Region is once again preparing to host more than ten trade shows this year. Now firmly established as the centre for Iraq’s largest trade exhibitions, the fairs provide a meeting point for international companies, local firms and government officials from all parts of Iraq. The trade fairs are held in dedicated exhibition spaces. […]
