By John Lee. Iraq and Brazil have agreed to proceed with signing memoranda of understanding (MoUs) covering livestock and crop production, following talks between Agriculture Minister Abdul-Rahim Jassim and Brazilian Ambassador Alfredo Leoni. The discussions focused on developing the poultry sector and expanding broader agricultural cooperation. The ambassador also extended an invitation to the minister […]
By John Lee. The Brazil-Iraq Chamber of Commerce and Industry (CCIBI), has announced that its President, Nawfal Alssabak, died on Thursday following a heart attack. In a statement, the Executive Vice President of the CCIBI, Jalal Jamel Dawood Chaya, said that Mr Alssabak worked tirelessly to bring Brazilian and Iraqi companies, authorities, and institutions closer […]
By Sinan Mahmoud, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Considers Deleting Zeros from Dinar as Officials Revive Currency Overhaul Iraq is again considering a long-standing and controversial plan to delete zeros from the dinar as the country […]
By John Lee. Brazilian Ambassador Luis Ivaldo has affirmed his country's commitment to expanding cooperation with Iraq, particularly in industry and agriculture. Speaking to the state-run Iraqi News Agency (INA), he highlighted that bilateral trade reached $1.9 billion in 2024, marking a 48% increase from 2023. Ivaldo emphasized Brazil's readiness to support Iraq in developing […]
By John Lee. Brazilian exports of chicken meat to Iraq have more than doubled. Considering all products, including fresh and processed, Brazil shipped a total of 15.3 thousand tons to Iraq in July. According to the Brazilian Animal Protein Association (ABPA), this represents an increase of 118.6 percent on the same month last year. (Source: […]
By John Lee. The Brazilian Ambassador to Iraq has said that there are promising opportunities to enhance relations and economic development between the two countries. Pointing out that Brazil imports 80 percent of its fertilizer needs, Luis Evaldo Santos (pictured) told Al-Sabaah that Iraq can supply this commodity to Brazil, especially with its large stocks […]
By John Lee. Iraq's Ministry of Oil quotes a report by Rystad Energy as saying that Iraq has the world's third-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. […]
By John Lee. Iraq is increasingly importing raw sugar instead of white, as a new sugar refinery has ramped up production faster than expected, according to Reuters. Ir is estimated that the Babylon refinery south of Baghdad, which serves the domestic market, had imported around 375,000 tonnes of Brazilian raw sugar in the past six […]
By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari met Minister of State for Development, Industry and Foreign Trade of Brazil Armando Monteiro in his office in the Brazilian capital as part of a series of meetings during an official visit to promote relations in a number of areas. During the meeting the Minister pointed out […]
Iraq wants to expand the presence of Brazilian companies in its market. That was the theme of the visit made by Adel Alkurdi, ambassador of the Arab country in Brasilia, to the Arab Brazilian Chamber of Commerce in São Paulo this Thursday (19th). The diplomat was welcomed by the president of the Arab Chamber, Marcelo […]
By John Lee. ANBA reports that a delegation of Iraqi government officials will visit Brazil from June 2nd to 12th to assess the sanitary conditions of Brazilian livestock and consider lifting the embargo on beef imports in place since 2012. They will see the beef shipping system at the Santos Port, pay visits to a […]
By John Lee. Reuters reports that Iraq's grain board has rejected all offers in an international tender to buy at least 30,000 tonnes of rice on Friday. The tender closed on Sunday and offers had to remain valid until Thursday. According to traders, the lowest offer was $725 a tonne c&f free out (ciffo) for […]
