Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
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 […]
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 […]
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 […]
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, […]
Violence, corruption and the lack of infrastructure are seen top three risks to the businesses in Iraq, according to the findings of a survey made public on Sunday. The Economist Intelligence Unit (EIU) in its survey revealed that the top three risks to business were judged to be violence (67 percent), corruption (44 percent), and […]
More than 120 companies and almost 100 Iraqi business and government representatives participated in a catalogue show in Baghdad on Sunday the 20th June. The event was managed and organised by Upper Quartile and co-sponsored by the U.S. Embassy Baghdad, Baghdad Provincial Reconstruction Team, and G4S. It was another first for Upper Quartile, a follow on […]
At the Turkey- Kurdistan Regional Economic Forum held this week in Erbil, Kurdish and Turkish entrepreneurs and businessmen met to discuss possible future joint investment projects in Kurdistan Region. During the meeting, Turkey's Foreign Trade Minister, Zafar Çaglayan, also declared that his country seeks to increase investment by Turkish companies in the region to US$20 […]
An Integrity Commission member from Diyala's Province Council has accused the Integrity Commission Chief of corruption, because he enlisted some people to participate in foreign training courses who were not Commission members. "The Integrity Commission Chief, Amer Karkhi, has been charged with corruption. The Provincial Council has formed a committee to investigate the situation," Zyad […]
According to several sources, the administration of Basra province council has dismissed the director of Basra Investment Commission, Dr. Haider Ali Fadhil. Ahmed Ali, a member of the committee, was appointed in his place. Meanwhile, Alsumaria TV reports that Dr. Fadhil was dismissed by Basra's governor, but that the Council has objected to the dismissal […]
Is your business in Iraq or going to Iraq or just thinking about it? Either way our community of subscribers and readers in 112 countries will almost certainly contain people who could become customers or influence buying decisions. Some of them may already be customers. Either way, telling them about your business, keeping your name […]
A waterfall resort in northern Erbil province is expected to be turned into a modern tourist destination after it was neglected of late due to drought, according to a source reported by AK News on Saturday. "Soon, Gali Ali Bag Waterfall resort will be renovated on a modern and new design through the private sector […]
