General Motors Top Seller in Iraq
Fox News reports that General Motors (GM) sold approximately 35,000 vehicles in Iraq last year. The company's Global Communications Officer, Klaus-Peter Martin, told Fox that the number was up from just 1,000 vehicles five years ago. General Motors manages the Middle East region from an office in Dubai, and markets its cars and trucks in Iraq […]
Iraq Energy Expo & Conference
All interested international companies are invited to participate in the "Iraq Energy EXPO and Conference", April 23th – 26th, 2012 at Baghdad International Convention Center. Iraq Ministry of Oil, is urging all companies to pre-qualify to do business with ministry by participating in Iraq Energy EXPO and Conference, April 23th – 26th, 20121 at Baghdad […]
Rasun Increases Chicken Production in Iraq
Rasun, part of the Vano Group, one of Iraq’s premier agriculture companies and the Ross GP distributor for Iraq, has announced an agreement to extend its Grandparent (GP) production base in order to meet the growing demand for Ross 308 Parent Stock (PS) and broilers in the country. Rasun has quickly become one of the […]
Video: Iraq Contractors Facing Difficulties
From CNN: (Sources: CNN, Musings on Iraq, Youtube)
Iraq Increases Local Purchases of Rice
Iraq’s trade ministry bought 35 percent more rice from local producers in the last season, compared with the previous one, reports Bloomberg. Hassan Ibrahim, director general of Iraq’s Grain Board, told the agency that the ministry purchased 112,000 metric tons of rice from local producers at a price of 750,000 dinars ($643.78) a ton in […]
Weekly Security Update for 26th January 2012
Conditions continue to fluctuate in Iraq. Levels of violence rose slightly last week, but in the absence of any major mass casualty attacks the overall number of fatalities fell from the previous week. At least 47 people were killed and 71 injured in nationwide incidents. Countrywide, a total of 25 bomb attacks left 16 people […]
Postcards from Iraq
Recently I was thinking about the various ways and through what mediums nations tell stories about who they are, where they come from and what they have to offer. Postage stamps came to mind. Whether you love them, don’t particularly notice them or collect them postage stamps tell time-framed stories and capture national sentiments. They’ve […]
IBN Newsletter Reaches 100th Edition!
Today we are proud to bring you the 100th edition of our Iraq Business News newsletter, and during that time it has been our pleasure to provide you with essential news and top-class business intelligence. From a modest start, our newsletter is now read by more than 11,000 people each week, while our website receives […]
Jordan Invited to Join $40bn Iraqi Reconstruction Plan
The Iraqi housing and rehabilitation minister, Mr Mohammad Darraji, has urged Jordanian construction firms and contractors to enter Iraq, reports Steel Guru. Jordanians have a real opportunity to contribute to Iraq's huge rebuilding projects, for which the government has allocated $40 billion in 2012, he said. Mr Darraji made the remarks during a meeting with […]
Iraq Postpones Oil Terminal Start “Indefinitely”
The opening ceremony to inaugurate Iraq's first floating oil terminal was postponed until further notice, an Oil Ministry spokesman announced on Wednesday. Aswat al-Iraq reports that there were 'operational problems', while Bloomberg's contact gave no reason for the delay, the third since last month. The terminal, which has an export capacity of 900,000 bpd, was […]
Tupperware to Educate Iraqi Women on Entrepreneurship
Harnessing education to empower women, Tupperware Brands today announced the creation of the Tupperware Global Links Program, a yearlong externship designed to inspire a new generation of Iraqi women entrepreneurs and, in turn, help strengthen the country's struggling economy and rebuild its middle class. Tupperware, a longtime World Economic Forum (WEF) participant, is announcing the […]
Samsung Wins $1bn Oil Contract
Iraq's cabinet announced that it had approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna 2 oilfield, according to Reuters. While the memo did not name the company, Samsung Engineering was the only South Korean company on the final shortlist. Iraq and its partners, Russia's Lukoil […]