Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
MAG (pronounced “Mag”) – Mines Advisory Group – is a neutral and impartial humanitarian organisation that clears the remnants of conflict for the benefit of communities worldwide. MAG has destroyed more than 430 deadly weapons that were threatening the lives of truck drivers and blocking development at one of the biggest trading points between Iraq […]
An international investment magazine has ranked Erbil in fifth position among top Middle East cities with potential for foreign direct investment. This places Erbil ahead of Muscat and Riyadh. FDI Magazine, a subsidiary of the Financial Times, in this month's edition, ran a feature on Middle East cities of the future, ranking cities by economic […]
Iraq’s commercial attaché in Egypt said on Monday that the Arab League has set a 2012 deadline for the completion of a unified customs table in preparation for the 2015 launch of the Arab Customs Union. “The customs tables include all the goods that are traded in the world, and therefore rerquire enormous effort,” Ali […]
The commander of Iraq's rapid response force has been arrested on suspicion of corruption. According to a report from Reuters, Brigadier General Numan Dakhil was caught during a sting operation in which he was filmed taking a $50,000 bribe from a contractor. Sabah al-Saedi, a member of the Integrity Committee, said that Brigadier General Numan […]
Reuters reports that France's grain export lobby has invited an Iraqi delegation to visit the country as it tries to break into what has become one of the world's major wheat import markets. The move followed the signing last year of a letter of intent between France Export Cereales and Iraq's grain board on establishing […]
The United Nations Children’s Fund (UNICEF), United Nations Development Programme (UNDP) and United Nations Population Fund (UNFPA) have signed their Country Programme Action Plans for their respective 2011-2014 Programmes of Cooperation with the Government of Iraq. The signings endorse the key results the agencies will deliver over the next four years in support of the […]
Stores selling alcohol in the Iraqi capital were shut down by the Baghdad provincial council on Monday amid protests from their owners, according to a report from AKnews. Store owners were caught by surprise when police patrols arrived unannounced at their premises with orders from the provincial council to close down all unlicensed shops and […]
Vehicle imports through the Haji Omaran [Haj Omran, Haj Umran] border crossing (pictured) on the Iranian border north of Erbil have dropped by 73 per cent, from 2,000 cars per month in 2010 to 1,195 vehicles in the first two month of 2011, according to a report from AK News. Salar Omar, vehicles department official […]
Several major multinational companies last week came to see the business opportunities in the Kurdistan Region as part of a British trade delegation. The trade mission was led by the Middle East Association (MEA), which is the UK’s leading organisation for UK-Middle East trade and has brought eight delegations to Kurdistan. Mr David Lloyd OBE, […]
The parliamentary economic committee will oversee all commercial contracts signed by the Trade Ministry in order to eliminate corruption, a committee member announced today. Salman al-Moussawi told AKnews that the intervention of the commission is backed by the government in a bid to accelerate the work of the ministry and negate the possibility of fraudulent […]
The Parliamentary Integrity Commission revealed on Sunday the most corrupt government ministries, indicating that they are currently investigating the cases and that more details will follow. Bahaa al-Aaraji, the chairman of the committee told AKnews that the most corrupt ministries are those of health, trade, defense, sports and youth, as well as the Secretariat of […]
A member of the Economic Commission in the Iraqi parliament said on Saturday that the current investment law will be changed completely and replaced by a new one that fits the economic needs of the country, and which will accelerate the completion of service projects. Salman al-Moussawi told AKnews that the Economic Commission is not […]
