Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Another 20 years of Iraq's high inflation rate has been forecast by economist Bahaa al-Din Yassin of the Kurdistan News Agency. Inflation has cooled to around 7% according to the CIA from 70% nearer the beginning of the decade, but this is still high by the standards of the so-called developed world. According to reports, Yassin said: […]
More than 300 companies from twelve different countries will be attending the Baghdad International Fair, Aswat Al Iraq reports. The annual fair will last for ten days and begins on the 1st November 2010. Mohammad Hannoun, spokesperson for the Ministry of Trade, told AKnews: "The ministry has invited a number of companies, including the countries […]
American companies should invest in Iraq now to avoid losing out on opportunities to other international firms, Under Secretary of Commerce Francisco Sanchez said during a trade mission to Iraq. According to the report in Reuters, he urged corporate leaders to hurry while acknowledging that security concerns remained high. "The time is now. I think […]
The French Ambassador in Iraq, Boris Bouillon, announced the opening of a new consulate in the southern city of Nassiriya which is hoped to encourage French investment in Iraq. France has appointed Adel el-Kenzawy, a businessman of French-Iraqi nationality, as its consul in al-Naseriyah, Boillon told the German Press Agency. The new consulate is a […]
Baghdad Investment Commission has granted 11 new permits to invest $243 million [290 billion Iraqi dinars] in different sectors of the Iraqi capital. “The investments will embrace the sectors of housing, commerce, tourism, and industries,” the commission said in a press release on Wednesday, according to Aswat al-Iraq news agency. It explained that the commission […]
Kurdistan Regional Government (KRG) officials hosted a delegation of prominent South Korean companies on Wednesday in the first meeting of the Kurdistan-Korean Business Forum. South Korea’s Ambassador Suk Bum Park, Chairman of the Investment Board Minister Herish Muharam, and Head of the KRG Department of Foreign Relations Minister Falah Mustafa Bakir presided over the forum […]
A Russian firm has expressed interest in investing in the construction of the new industrial area east of Amara city. “The firm is ready to execute the project according to credit payment system,” a local Iraqi source told Aswat al-Iraq news agency on Wednesday. He explained that the new industrial area will be on the […]
The U.S. Agency for International Development (USAID) has outlined proposals in its request for bidders for a $180 million contract to set up civil service laws and regulations, and to create local institutions to deliver services to the population. The four-year program is called the "Iraq National and Provincial Administrative Reform Project". Applications are to […]
Tehran announced that it will host the second 2010 International Iraq Reconstruction Conference on October 30-31. Secretary General of the conference, Jahanbakhsh Sanjabi, said that 700 traders, directors, industrialists and officials from Iran, Turkey, Syria and Iraq will get together in the meeting to consider issues regarding regional free trade. He said the conference is […]
The Iraqi National Olympic Committee in conjunction with the National Investment Commission (NIC) has announced investment opportunities in the Al Faluja [Fallujah] Tourism City as follows:- 1. Establish a parking area , 10 coffee shops, theater, festival park, shopping malls; 2. 10 small coffee shops, 25 tourist houses (of two rooms and a hall), Luna […]
Dr Ashti Hawrami is Minister for Energy Resources for the KRG (Kurdistan Regional Government) and will be speaking alongside Foreign Office Minister Alistair Burt and Nadhim Zahawi MP at a fringe meeting on October 5th at the Conservative Party annual conference. Iraq’s Kurds have a great and long-standing respect for Britain. In particular, we remember […]
In another sign of normality returning to battle-weary Iraq, the country is renewing its taste for Scotch whisky,according to a report in The Scotsman. David Gates, whisky director for drinks giant Diageo, said sales of the company's whiskies were on the rise after taking a pounding in recent years. Before the 2003 invasion, Iraq had […]
