A U.S. company held talks on Thursday with Wassit Council on investment opportunities in the province, according to the council’s chairman. “The council discussed on Thursday morning (Oct. 21) investment opportunities with Mike Divhan, director of the U.S. company, the investment opportunities in Wassit,” Mahmoud Abdulreda told Aswat al-Iraq news agency. “The council highlighted the […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
IOM to Implement Business Development Services in Iraq
The International Organization for Migration (IOM) Iraq Mission has signed an agreement with the United Nations Office for Project Services (UNOPS) to set up a project to support local private and semi-private Business Development Service (BDS) providers in the Governorates of Anbar, Basrah and Erbil. The project aims to develop sustainable business models and engage […]
Tags: Anbar, Basra News, Erbil News, International Organization for Migration, IOM, United Nations Office for Project Services, UNOPS
Concerns Over Land Ownership in Iraq
The head of the National Investment Commission, Sami al-Araji, has said that the main obstacle standing in the way of attracting the foreign investment is the ownership of the land on which the projects will be carried out. He said that the Commission worked to overcome these obstacles but the ownership of the land and […]
Removing Zeros From Iraq's Currency Requires 'Consultation'
According to media reports, Iraq's Central Bank said on Tuesday that the decision to remove the three zeros from the Iraqi currency would require consultation with the next government. Quoting a consultant refered to as Mohammed Saleh, the report says that deleting three zeros from the currency would negatively affect Iraqi citizens, but would facilitate […]
Iraq to Spend $680m Restoring War-Battered Factories
Iraq plans to spend around $680 million in 2011 to renovate its dilapidated factories and start new projects, a senior Industry and Minerals Ministry official told Reuters on Monday. Haifa Hamid, head of the investment department in the ministry, said the economic reform plan was focused mainly on renovating existing factories or establishing new ones […]
Al-Maliki Turns to Iran
The strategies on Iraq of neighbouring states seem to be coming clearer. This week, al-Maliki has been in Iran to meet both Mahmoud Ahmadinejad, the Iranian president, and Ayatollah Ali Khamenei, the Iranian head of state. Al-Maliki described the two countries' relationship as "strategic", saying: "We ask Iran and our neighbours to support our reconstruction and to boost economic […]
FDC Partners with Lenovo in Iraq
FDC International, leading IT distribution organization today at Gitex announced the opening up of their first authorized service centre for Lenovo in Al Sena’a Street, Baghdad. The Service Centre is fully equipped with state of art equipments and will be serviced by well experienced technical engineers on Lenovo products to ensure high level of customer […]
Tags: FDC International, Lenovo
Iraq Ready for Ports Deals
The Iraqi Minister of Transportation said on Friday that the Iraqi ports are ready to sign contracts with companies receiving oil investment licenses in Iraq now that the country’s ports are ready for such traffic. AKnews reports that Abdul Jabar said that the ports authorities had completed reconstruction work on many of the docks and […]
Tags: Ports
World Bank’s MIGA Open for Business in Iraq, Insures First Investment
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, today underscored its commitment to supporting investment into Iraq with an announcement of its first contract of guarantee for the country. The guarantee of $5 million backs a Turkish investment into a Baghdad plant that manufactures polyethylene terephthalate (PET) […]
Tags: Karo Dis Ticaret ve Sanayi, MIGA, Multilateral Investment Guarantee Agency, Sebeel Al Safa Manufacturing Petrochemicals and Water Filling Company, Turkey, World Bank
Iraqi, Syrian Oil Ministers Sign MoU in Damascus
Oil Minister Hussein al-Shahristani has signed a Memorandum of Understanding on strategic cooperation in oil and gas field with his Syrian counterpart Sufian Allaw, according to Syrian news agency (SANA). “In the presence of Prime Minister Nouri al-Maliki and his Syrian counterpart, Naji Otri, a Memorandum of Understanding on strategic cooperation in the field of […]
Tags: Syria
‘New Iraq’ Cause for Concern as Investors Toggle Between Security or Growth
By Anthony J Permal, Online Communications Manager, IQPC Lafarge, the world’s biggest cement contractor, maintains a presence in Iraq because of its booming housing development market, yet other companies shy away from taking a piece of the multi-billion dollar construction pie. Sigma Paints, the coatings leader, sponsors investment meetings in order to partner with attending […]
Kurdistan Region Rejects Further Delays to Census
Kurdistan Region Presidency Chief of Staff, Fuad Hussein, said in a statement that the Kurdistan Region Presidency would not accept any more postponements to a national census. He affirmed that one must be held by the end of 2010. The Kurdistan Regional Government has already shown remarkable patience in waiting for the constitutionally-mandated census to […]
Tags: Census, Kurdistan News