Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Czech Republic might sell up to 25 Aero L-159 ALCA (Advanced Light Combat Aircraft) subsonic fighter aircraft to Iraq, according to Prague Monitor. The deal requires approval from the U.S., which supplied avionic equipment to the planes. According to some information, Czech Foreign Minister Karel Schwarzenberg discussed the issue on his visit to the […]
An adviser in the outgoing Iraqi government said on Thursday that Iraq will sign eight important economic contracts with France during November. The adviser of the Minister for Foreign Affairs, Ahmad al-Shehani, told AKnews that "the Iraqi government will sign eight economic contracts next month to expand the economic transactions between the two countries". The […]
Karbala Council has issued an appeal to its citizens not to pay the new domestic electricity tariffs introduced by the Ministry of Electricity this month, according to AKnews. The head of Karbala’s energy and fuel commission, Zuhair Samil al-Da’mi, told the agency that the ministry’s ten-fold increase was “completely unfair” in the light of the […]
Iraq's government will today start to discuss a $86.4 billion draft budget for next year, a 20% increase on 2010. The budget for 2011 is based on an oil price of $70 per barrel, Finance Minister Baqir Jabr al-Zubaidi [Zubeidi] told the newspaper As Sabah. Iraq's crude oil exports rose 9 percent in September to […]
Baghdad International Fair expects its largest participation since the 2003-U.S. invasion when it starts its 37th session next week, according to a report from Azzaman. The fair’s director-general, Sadeq Sultan, said the 10-day fair will see 1,200 foreign firms taking part as well 15 foreign countries. This is quite a change from the 300 companies […]
The Iraqi government announced on Monday that it no longer has the authority to contract for the major F-16 aircraft deal that we reported on just two weeks ago, according to Alsumaria News. While stressing the need for Iraq to have a strong air force to protect its sovereignty, Iraqi government spokesman Ali al-Dabbagh told […]
The largest ever British trade delegation to visit the Kurdistan Region last week participated in Erbil International Fair. The delegation was lead by Sir Andrew Cahn, the Chief Executive of UK Trade and Investment (UKTI), the British government department that spearheads international trade with the UK. The mission comprised 53 representatives from 39 British companies […]
The Fletcher School of Law & Diplomacy, The Program on Southwest Asia and Islamic Civilization, Gordon Institute, and Institute for Global Leadership cordially invite you to attend a talk by Mr Nawzad Hadi Mawlood, the Governor of Erbil, the capital of the Kurdistan Region in Iraq: “Challenges and Opportunities for Redevelopment in Erbil, Iraq” By […]
Halabja's deputy mayor said Iran has rejected reopening the Sazan border crossing, located near Halabja in Sulaimaniya province. In a statement to AKnews on Sunday, the deputy mayor, Goran Adham, quoted the Iranian consul to Sulaimaniya as saying that an Iranian committee visited the crossing and voiced their reluctance to open the gate again. All […]
Speaking at the Reuters Middle East Investment Summit this week, business leaders expressed their opinions about Iraq. They were keen to invest in the Iraqi market in sectors including energy, telecoms, finance and infrastructure: "Iraq is a country emerging from a difficult period, it's getting back on track and it's a country that cannot be […]
The chairman of HCL Info Systems said on Thursday that his company is seriously looking at Iraq’s needs and considering entering the Iraqi market. This statement was made during the opening of the 30th session of the Jet-ex Exhibition for Information Technology in Dubai. “We are looking seriously towards Iraq’s needs and trying to enter […]
The Supreme Court of Canada has allowed Kuwait to pursue the seizure of Iraqi government assets in Canada, according to CTV News. The high court has granted an appeal by Kuwait Airways against Iraq and Bombardier Aerospace of Montreal, follows a British judgment that could allow Kuwait to seize Iraqi passenger planes now in Canada. […]
