Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
The following is the text of the speech from Salar Mohammed Amin, Vice-Chairman of Iraq's National Investment Commission, on the occasion of the signing of the Memorandum of Understanding with Japan: Signing the Memorandum of Understanding (MOU) today, we would like to increase the depth of the special relationship between our two countries, and we […]
A delegation representing 15 companies from the Kurdistan Region went to Poland on Thursday to visit an annual business expo in the country. Salah Khidir, the head of the Polish-Iraqi Commerce and Industry Chamber told AKnews that the three-day expo will start on Jan.14. The Kurdish team seeks to boost ties with the host country’s […]
General Motors's sales in the Middle East rose 26 per cent in the fourth quarter, compared with the year prior, helped by big gains in Iraq, the company announced on Wednesday. The carmaker sold 123,258 vehicles in the Middle East in 2010, up 5.5 per cent from the previous year, according to a report in […]
The Kuwaiti premier, Sheikh Nasser al-Mohammed al-Sabah (pictured), and Iraqi Prime Minister, Nouri al-Maliki, discussed issues relating to borders, security and finance, during the first visit by a Kuwaiti premier to Baghdad since the 1990 Gulf War. The two neighbours are locked in a dispute over billions of dollars in war reparations from Baghdad, relating […]
The Iraqi Ministry of Industry and Minerals has said in a statement that the General Company for the Automotive Industry signed two contracts with two Chinese companies for the assembly and production of 7500 saloon cars and pick-ups. These cars annual value of sales is put at to 99.05 billion Iraqi dinars (about US$84 million). […]
