Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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). […]
The Planning and Cooperation Development ministry stated on Tuesday that the ration card file will be completely managed by the Ministry of Labour and Social Affairs instead of the Trade ministry in early 2014, indicating that the file is affecting Iraq economically and hindering the conclusion of international conventions. Mahdi al-Allak, the Undersecretary of the […]
An agreement has been reached between Iraq and Iran to open a joint free market in southern Iraq’s Wassit Province, the Province’s Council Chairman said on Tuesday. “Wassit’s Council had made a big effort to reach an agreement with the Iranian side to open a joint free market between the two countries at the Zurbatiya […]
The Ministry of Electricity in Baghdad, in cooperation with consulting firm Parsons Brinckerhoff (PB), will present Iraq’s Long Term Electricity Master Plan at a 2-day conference in Istanbul on 1st and 2nd February, 2011. The 2010 – 2030 Long Term Master Plan, prepared by joint teams from Parsons Brinckerhoff and the Ministry of Electricity's Planning […]
Hotel management company Rotana has announced the opening of its first property in Erbil, Kurdistan, Iraq -- the landmark 5-star Erbil Rotana. Erbil Rotana's strategic location in close proximity to the Ministries district and the Erbil International Exhibition Fair Ground, along with its luxurious accommodation, wide variety of restaurants and meeting facilities makes the hotel […]
A 22-strong delegation representing 17 Northern Irish companies arrived in Erbil on Sunday on the first Invest Northern Ireland organised trade mission to Kurdistan. The companies, drawn from a broad range of local industries, will be meeting potential customers and community leaders in Kurdistan’s key business centre of Erbil during the week-long mission. The trade […]
Iraq has allocated $100m [117 billion Iraqi dinars] for the purchase of nine ships, said a source at the state-run Maritime Transport Company. According to Azzaman, the source said the ships will be mainly used for the import of foodstuffs to the country. The ships will have a capacity of 15,000 to 20,000 tons each, […]
Kurdistan Region’s minister of transportation and communication has said Thursday a number of businessmen are in serious talks to build an automobile manufacturing plant in the Region, according to a report from AKnews. Anwar Jabali [Anwar Jabali Sabo] (pictured) did not disclose the names of the people involved, however he stressed the Region has “promising” […]
Bloomberg reports that U.S. prosecutors have filed a civil suit against Kuwaiti logistics company Agility, accusing it of defrauding the government over food contracts to the U.S. military in the Middle East worth $9.8 billion. Agility was the largest supplier to the U.S. Army in the Middle East during the war in Iraq and a […]
Iraq Business News is receiving reports of serious disruption to commerce in Iraq caused by new requirements for import licences introduced at the start of the year. According to the newspaper al Sabaah, the new requirements have led to major delays and backlogs of traffic at border crossings and ports, and as a result the […]
