Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The French Ambassador to Baghdad, Boris Bouillon, said on Tuesday that he wants to remove Iraq from UN Chapter VII, despite the difficulties they face, pointing at the same time the desire of French companies to enter the Iraqi market. In an interview with Alsumaria News, the Ambassador said, “France has a strategic vision towards […]
The European Union (EU) will open a representative office in Erbil in the near future, an EU official said on Tuesday. The European Union Chief of the Judicial Development Program, Michael Kassan, told AKnews that the Union has requested authorization from officials in the Kurdistan Region and Baghdad to open a representative office in the […]
Prime Minister Barham Salih [Barham Saleh] and France’s Ambassador to Iraq today opened a French centre for research inside Erbil Citadel, the world’s oldest continuously inhabited settlement. As well as launching the Iraq office of l’Institut Francais du Proche-Orient (IFPO - the French Institute for the Near East), Prime Minister Salih and Ambassador Boris Bouillon […]
An Italian company is planning to build a new shopping mall in Basra, a source from the Basra local council said on Tuesday. “A delegation from the company, which belongs to the Italian energy giant ENI, held a meeting with Basra's governor and a number of local officials to discuss the establishment of a large […]
Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile, was recently interviewed by Iraq's Radio Dijla. The full transcript is shown below: Radio Dijla: How do foreign investors look at the Iraqi market today? Gavin Jones: There are three main reasons for foreign investors committing to a market – a […]
The Vice President of the Basra provincial council said on Friday that the visit of the U.S Deputy Defense Secretary to Iraq came to discuss the issue of attracting the foreign companies to work in Basra, according to a report from AKnews. "An extended meeting between the U.S Deputy Defense Secretary and a number of […]
The director of the Iraqi Ports Directorate objected to the Iraqi Municipalities Ministry’s decision to close Maaqal port, 10 km north of Basra city, according to a report from AKnews. Salah Khudair Abboud told AKnews that this decision is unfair since the Maaqal port receives more than 10 commercial ships each day. "The Directorate will […]
Computer Data Networks (CDN), a wholly owned subsidiary of e-Portal Holding Co., has announced it will be a gold sponsor at the forthcoming Iraq Telecoms 2010 Conference, which will be held in Istanbul between 2-3 November. Ms. Hanya S. Al-Thekair, Managing Partner of CDN said: "We are delighted to sponsor Iraq Telecoms 2010 as a […]
Trade volume between Malaysia and Iraq reached US$43 million in the first seven months of 2010. According to the Malaysia External Trade Development Corporation (Matrade), the figure comprised US$20.2 million in Malaysian exports to Iraq, and imports worth US$22.8 million. Matrade's senior trade commissioner, Datuk Dzulkifli Mahmud, said Malaysian exports to Iraq were mainly electrical […]
AKnews reports that 400 electrical generators have been imported from Iran. Salam Arab, the director of the customs department at Haji Omaran (pictured) , told AKnews that since the beginning of 2010 some 400 full-size electricity generators have been imported into the Region. He added most electronic equipments are imported from Iran, not Turkey, because […]
Another 20 years of Iraq's high inflation rate has been forecast by economist Bahaa al-Din Yassin of the Kurdistan News Agency. Inflation has cooled to around 7% according to the CIA from 70% nearer the beginning of the decade, but this is still high by the standards of the so-called developed world. According to reports, Yassin said: […]
More than 300 companies from twelve different countries will be attending the Baghdad International Fair, Aswat Al Iraq reports. The annual fair will last for ten days and begins on the 1st November 2010. Mohammad Hannoun, spokesperson for the Ministry of Trade, told AKnews: "The ministry has invited a number of companies, including the countries […]
