Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Basra Investment Commission has granted an investment license for a company in the health sector, Ghadir, to construct a plant producing bottled water. The plant consists of a building on an area of 300 m2 as well as machines and equipment to produce 40,000 bottles per day. Total cost is estimated at 775 million Iraqi […]
By Anthony V Raftopol. This article was originally edited by, and first published on, www.internationallawoffice.com - the Official Online Media Partner to the International Bar Association, and International Online Media Partner to the Association of Corporate Counsel, and European Online Media Partner to the European Company Lawyers Association. Register for a free subscription at www.internationallawoffice.com/subscribe.cfm […]
The economic commission of the Iraqi parliament has proposed merging the Ministries of Trade and Industry to support the Iraqi economy through improving the local production and enhancing Iraq's abilities. Ahmed al-Alwani, Chairman of the Committee told AKnews that the integration of these ministries is done in all international economically and commercially developed countries. In […]
Swiss-Belhotel International is pleased to announce the signing of a management agreement with Sardar Investments Pty. Ltd, a part of Sardar Group, for the management of a 4 star international hotel in Erbil. Erbil, a historical city (6000 BC) and the capital of Iraqi Kurdistan, is home to a large number of international companies, government […]
The Mayoralty of Baghdad signed on Tuesday two contracts with two companies to set up two malls in the capital at a cost of $54 million. “The mayoralty of Baghdad has signed a deal with the Dar al-Sabah company to build a mall in the al-Harithiya district at a cost of $42 million [50 billion […]
Bloomberg reports that Iraq has named its new planning minister, but has yet to agree on top security posts, three months after Prime Minister Nuri al-Maliki’s cabinet was formed. Lawmakers in Baghdad voted unanimously to appoint Ali Youssef Abdel Nabi, according to the website of his political party, the Sadr Trend, which is led by […]
Britain's Middle East Association (MEA) will be hosting a business briefing with Patrick Crawford, CEO of Export Credits Guarantee Department (ECGD) on Wednesday 27th April. In February, the UK Government announced a number of new products to be offered by the Exports Credit Guarantee Department. One of the Government’s aims is to ensure that UK […]
By Lisa Knight, Creative Director & Founder of The Brand Foundation. Multinational brands have been and continue to land in Iraq, attractive to Iraqi nationals perhaps due to the trade embargos of the past, and Saddam's dislike of Iraqi's owning western brands. It is hardly surprising that brands that were formerly unavailable domestically are now […]
Prime Minister Recep Tayyip Erdoğan in a historic visit today became the first Turkish premier to visit the Kurdistan Region. Together with President Masoud Barzani, they officially opened Erbil International Airport (EIA) and Turkey’s Consulate in Erbil. After welcoming Prime Minister Erdoğan and the rest of the distinguished guests, President Barzani said that he was […]
Britain's Energy Industries Council (EIC) is organising an oil and gas trade mission to Baghdad and Basra in Iraq in October. Missioners will have the opportunity to attend organised group meetings with key local players, as well as incorporating briefing meetings presented by qualified speakers with in-market experience and the opportunity to meet with local […]
On Thursday 5th May, the UK's Middle East Association (MEA) is holding a seminar with Mike Brennan, offering practical advice on how to do business in the Middle East. Mike Brennan has over 40 years of regional experience, with an enviable track record of contracts in both the private and public sectors. He knows how […]
Visa problems for foreign workers in Iraq continue to make the headlines. Last week we reported on the difficulties caused by a decision to channel visa applications through the office of the Prime Minister, Nouri al-Maliki; now we hear that the Basra Investment Commission has imposed its own restrictions, with the intention of reducing unemployment. […]
