Baghdad Firm to import US Cosmetics
By John Lee. AA for Global Trading and Commercial Agencies has been appointed exclusive agent and distributor in Iraq for the American E.T. Browne Drug Company. The Baghdad-based company says it has already started importing, marketing and distributing skin care, beauty and hair products of one of the company's top brands, Palmer's. (Source: AA)
ICSID Denies Agility's $380m Claim against Korek
Kuwaiti-based logistics provider Agility has said foreign investors "should think carefully about the perils of investing" in Iraq, following a ruling by an international arbitration panel to deny its claims that Iraqi officials expropriated $380 million invested by Agility in an Iraqi telecom company. The ruling, by a panel constituted by the International Centre for […]
Coronavirus: Iran to Shut Border with Iraq
Iran's minister of interior unveiled plans to shut the border with Iraq in the southwestern province of Khuzestan in order to contain a new wave of the coronavirus pandemic. Speaking to reporters on Saturday, Abdolreza Rahmani Fazli said the Coronavirus Fight National Headquarters has made new decisions to control the coronavirus in Khuzestan province, where […]
Social-Spatial Transformations in Contemporary Baghdad
By Omar Sirri, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Destructive creations: social-spatial transformations in contemporary Baghdad This working paper examines social-spatial transformations in contemporary Baghdad by zooming in on two of the […]
Iraq "Pauses Oil Pre-Payment deal with China"
By John Lee. Iraq has reportedly "put on hold" it oil contract with China's Zhenhua Oil. The multi-billion-dollar agreement would have seen Zhenhua pre-pay Iraq's State Oil Marketing Organization (SOMO) for a regular supply of crude oil. Oil prices have risen significantly since the deal was struck. More here. (Source: S&P Global)
Applications Open for Business Incubator Program
By John Lee. Applications are now open for the Orange Corners Baghdad incubation program. If you have an innovative e-commerce idea or solution, this program will advance you in the entrepreneurial world in just six months. Orange Corners Baghdad supports Iraqi youth in bringing their entrepreneurial ideas to life. Through a six-month incubation programme, it […]
UNDP launches E-Learning Platform for Iraqi Police
Iraq's Ministry of Interior and UNDP launch E-Learning Platform for Iraqi Local Police The Iraqi Ministry of Interior and the United Nations Development Programme (UNDP) in Iraq have launched an E-Learning Platform for the Iraqi local police to improve opportunities for training, career development, and specialised education. The Platform offers easy access and enrolment to […]
More Details on Iraqi Solar Projects
By John Lee. Oil Minister Ihssan Abdul-Jabbar Ismail has given further details of the seven "alternative energy" plants that will be built, clarifying that they will all be solar power plants. The projects will have a combined capacity of 750MW, with the largest being a 300-MW facility in Karbala. There will also be plants in […]
PM receives briefing on Baghdad Ring-Road
By John Lee. Prime Minister Mustafa Al-Kadhimi has chaired a meeting with ministers and officials on the construction of a ring-road around Baghdad. During the meeting, there was a comprehensive presentation of the route and design of the road, and the Prime Minister also emphasised the importance of the project to the city and the […]
KRG to Tax Internet and Telecom Companies
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG will see 20 billion dinars monthly from new corporate tax on internet and telecom companies: official The Kurdistan Regional Government (KRG) will attempt to bring in nearly 20 billion dinars [approx $13.7 million] […]
US Consul General supporting American Brands in Kurdistan
By John Lee. US Consul General Robert Waller has met with Ahmed Qadir [Ahmad Kadir Ismail Al Majidi], Chairman of HewaHolding, which owns the Fatburger and The Coffee Bean and Tea Leaf franchises in Erbil. While visiting Erbil's Majidi Mall, they discussed the company's future plans to expand and bring other American brands to the […]
Fmr Iraqi Minister Jailed for Corruption
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Former Iraqi minister sentenced to two years in prison for corruption A Baghdad court on Sunday sentenced a former Iraqi minister and a general manager from the same ministry each to two years in […]