Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
An Iraqi economist blamed the high unemployment rate in the country on the government’s failure to develop the industries and reduce food imports, according to a report from AKnews. “The Iraqi government has failed significantly to rescue Iraq from being the main country in the region in terms of consumption of imported foods. There is […]
A delegation from the U.S. Chamber of Commerce (USCC) arrived in Basra on Sunday to discuss investment projects and U.S. companies’ involvement with the province, according Max Haivanis, Senior Manager Middle Eastern Affairs. “A visit by USCC representatives to Basra is meant to set the stage for U.S. firms’ entry into business projects in the […]
The Kurdistan Regional Government has signed a trade contract with the Republic of Belarus, AKnews reported on Sunday. Last week a Belarusian delegation including the representatives of the Belarus trade and foreign ministries arrived in the Region. Speaking to AKnews, Fida’eddin Gardi, a member at Erbil Chamber of Commerce and Trade, told AKnews the contract […]
Although Jordan could be Iraq's number one economic partner, this potential remains unfulfilled as the Kingdom's public and private sectors are not taking advantage of the "excellent ties" between the two countries, Iraqi Ambassador to Jordan, Saad Hayyani has said, according to a report in Jordan Times. He said that Jordan's extensive experience in the […]
An Iraqi investment expert said that Qadisiyah [Al-Qādisiyyah] has 14 archeological and religious sites that could be invested in, to draw large numbers of tourists and pilgrims into the province. Abbas Anid Ghanem indicated the presence of these sites encourages investment opportunities in the province, according to a report from AKnews. "Some of these sites […]
The United Nations (UN) Secretary General Ban Ki-moon praised the Iraqi National Development Plan (NDP), encouraging the Iraqi government to work more within different levels. “I congratulate the Iraqi government for finalizing the 2010-2014 NDP,” Ki-moon said in a report on Wednesday, as reported by Aswat al-Iraq. He noted that he sees positive initiatives in […]
The Export-Import Bank of the United States (Ex-Im Bank) has opened in Iraq to help finance short-term and medium-term sales of U.S. exports to Iraqi buyers in both the public and private sectors. "Iraq's economy is growing, offering specific opportunities for U.S. exporters in a variety of industries. Ex-Im Bank can help by reducing the […]
Kuwait News Agency (KUNA) reports that permission has been granted for a $250 million [300 billion Iraqi dinars] investment to build a business village near Baghdad international airport, provided that it is completed within 5 years. The agency quotes the 'Iraqi Babylon Investment Authority', which we believe to be the Baghdad Investment Commission. Chairman of […]
Business opportunities and investment prospects in Iran and Iraq will be reviewed in a conference in Tehran on August 8. The Director of the Iranian Privatization Organization (IPO), Gholam-Reza Kord-Zanganeh, who is also secretary of the conference, said that they aim to facilitate an interaction and interchange of ideas and between the two countries' businesses. […]
The Iraqi government announced on Tuesday that it has decided to allow the private sector to invest in services for border crossing points, according to spokesman of the government. “The government agrees also to allocate an independent budget for crossing points within 2011 budget and to coordinate with crossing points in Kurdistan region with the […]
Iraq's Transport Minister, Shirwan al-Waeli [al-Waili], met with the deputy president of DP World (formerly Dubai Ports Authority) on Monday in Basra, to discuss signing a deal between Iraqi and Dubai ports, according to Aswat al-Iraq news agency. “Talks between the two sides tackled steps to implement the deal between the two sides,” said Anmar […]
A source in the Iraqi Ports Company said on Monday that Acting Transport Minister and Minister of Oil, Hussein al-Shahristani, visited several ports in Basra in a surprising visit on Sunday evening, while the security forces seized a number of smuggled cars in one of the ports in the province. "Oil Minister, Hussein al-Shahristani, arrived […]
