A preliminary agreement was concluded between Qadisiyah local government and a group of Iranian companies to invest in the province, the director of the Investment Committee in Diwaniyah reported on Monday. "The Investment Committee and the head of Qadisiyah council met a delegation from a group of Iranian companies to discuss the possibility of investing […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
United States to Sell F16 Jets to Iraq
AK News quotes a spokesman of the American military in Iraq as saying that they will supply Lockheed Martin F-16 jets to the Iraqi Air Force. "There are discussions between Baghdad and Washington to buy F-16 jets to support the Iraqi security forces and the Iraqi air force," Gen. Stephen Lanza said. "My country is […]
Egypt and Iraqi Kurdistan Discuss Economic Cooperation
Egypt's Prime Minister, Ahmadi Nazi,f met with visiting President of the Kurdistan Region in Iraq, Massoud Barzani, on Monday [5 July] tp discuss economic and trade cooperation. Nazif asserted Egypt's support for the political process in Iraq and efforts to form an Iraqi government as soon as possible to achieve unity and stability in the […]
Tags: Egypt
Maliki Urges Jordanians to Invest in Iraq
Iraq's Prime Minister, Nouri al-Maliki, called on Jordanian investors and companies to take part in the reconstruction operations in the country, according to a statement from his office. “Al-Maliki received on Wednesday (July 7) the Jordanian Ambassador in Baghdad, Mohammad Taissiyer al-Musaada,” said the statement received by Aswat al-Iraq news agency. The statement quoted the […]
Tags: Jordan
Vice-President Calls for Stronger Ties with Australia
Vice President Tareq al-Hashemi called for stronger economic and trade relations with Australia, according to a statement of his office on Wednesday. “Al-Hashemi received on Wednesday (July 7) the Australian Ambassador to Baghdad, Robert James Tyson,” said the statement received by Aswat al-Iraq news agency. He went on to urge Australian investors to invest in […]
Tags: Australia, Tareq al-Hashemi
Private Sector Development Conference in Erbil
A conference on Private Sector Development in Iraq opened on Tuesday in Erbil's Sa'ed Abdullah Hall. The two-day conference is hosted jointly by the United Nations Development Programme (UNDP) and Erbil Governorate. Simon Marinso, UNDP Coordinator for Private Sector Development in Iraq told AK News that 30 Directors General from all Kurdistan Ministries have attended […]
Tags: Erbil News, United Nations
Muthanna to Learn from Kurdistan's Development
A delegation from Muthanna Province has arrived to Sulaimaniyah to get acquainted with the latest developments in the Kurdistan Region, the Sulaimaniyah Press Secretary reported on Wednesday. "The delegation, headed by Ibrahim Suleiman, visited Sulaimaniyah, in order to see the latest developments in the Kurdistan Region," Twana Ali Kamal said. They visited the Bazyani cement […]
Tags: Kurdistan News, Muthanna
Iraqi IT sales to exceed US$60m this year
The IT spending in Iraq is expected to be at US$ 63.2 million in 2010 from US$ 55.7 million in 2009, predicts Springboard Research, a leading innovator in the IT Market Research industry. Springboard’s latest report, “Iraq IT Opportunity 2010” attributes the growth to the relative stability and a rebound in oil prices since the […]
Tags: Information Technology
Security Still a Deterrent, but Perceptions Improving
A new survey of senior businesspeople by the Economist Intelligence Unit finds that investor perceptions of Iraq are slowly improving, despite the country’s many problems. Preliminary results from our survey of 300 executives – all of whom have direct input into their company’s decisions on doing business in the Middle East – show that the […]
Tags: Industry & Trade, Security
Erbil Stock Exchange Opens for Business
AK News reports that the Erbil Stock Exchange has opened for business. "The Kurdistan regional government (KRG) has continually strived to create an environment for the local businessmen and traders to have shares in the local companies of Kurdistan," the secretary of the high economic council of KRG, Izzat Mullah said. Erbil stock market is […]
Iraq Launches Five-year Plan for Economic Development
China's Xinhua News Agency is so far the only source to report on Iraq's new five-year National Development Plan (NDP), announced on Sunday. The plan targets annual economic growth of 9.4 percent and attempts to cut unemployment. The country's 2010-2014 NDP was announced in a televised event in Baghdad attended by top Iraqi officials, including […]
Kurdistan Region Demands Strategic Trade Relations with Turkey
The Chief of Erbil Trade & Industrial Chamber has announced today that his Chamber has taken into consideration the strategic trade and economic relations, rather than the temporary relations, with a visiting Turkish trade delegation in Erbil. "We have demanded the latest Turkish trade delegation to take into consideration the joint long term trade relations, […]