Tag Archives | FDI

Iraqi Firms Need Foreign Expertise as much as Capital

By Sherif Salem. While attending an investment conference in Erbil in November, I was struck by a theme that came through in almost all my meetings with listed-company executives: a desire to engage with foreign companies. It seems as if expertise is more in demand than capital as companies look to grow and take advantage […]

Al-Araji: Iraq Needs $1 Trillion to Rebuild

 By John Lee. Iraq needs up to $1 trillion over the next 10 years to rebuild its crumbling infrastructure and battered economy, the head of the National Investment Commission (NIC), Sami al-Araji (pictured), said at the Baghdad International Fair. "We are talking about the reconstruction of Iraq, a minimum requirement of money ... is about […]

A Preliminary Look at 2012 Foreign Commercial Activity

By Jared Levy, Senior Middle East Analyst at Dunia Frontier Consultants. Dunia Frontier Consultants tracks foreign commercial activity (FCA) in Iraq, defined as investments, service contracts or any other form of commercial activity undertaken by non-Iraqi companies inside Iraq. An analysis of this data is undertaken annually in Dunia Frontier’s end-of-year Foreign Commercial Activity in […]

Foreign Investment in Iraq Soars

In 2011, foreign firms and investors reported $55.67 billion in investments, service contracts and other commercial activities across Iraq -- an estimated 40.3 percent increase in total deal value over the previous year. So say Dunia Frontier Consultants (DFC) in their latest report on foreign commercial activity in Iraq. But did you know also that: […]

30% Increase in Foreign Company Registrations in Kurdistan

About 400 foreign companies have opened branches and representation offices in the semi-autonomous Kurdistan Region to expand their business in the fast-growing investment market here, Kurdistan Regional Government’s (KRG) Minister of Trade and Industry said. AKnews reports that about 430 foreign companies registered in 2011 to do business in Kurdistan – an increase of about […]

Iraq: The Coming Oil Boom

Articles from the October/November issue of fDi Magazine, available free of charge to registered users: Iraq begins building towards long-term prosperity Security issues, corruption problems, processes bound up in bundles of red tape... The problems facing companies wanting to do business in Iraq are myriad, but the country's promise – as one of the world's […]

Investors Consider Iraqi Debt

According to a report in the Financial Times, investors are turning their attention to Iraq’s debt. In 2004, after the US invasion of Iraq, the 'Paris Club' of 19 western creditors agreed to forgive roughly 80% of the $37.2bn owed to them. This deal was used as a template for resolutions with other creditors and […]

Investment in Iraq Set to Double This Year

Iraq attracted $45 billion in new investment so far this year, more than the total for the whole of last year, according to a report by Dunia Frontier Consultants reported by USA Today. The spike in investment is down to improved confidence in Iraq’s stability, analysts say. Last year Iraq secured $42bn in investment. Much […]

Number of Foreign Companies in Kurdistan Up 55%

According to a report from AKNews, 1,602 foreign companies have branches in Iraqi Kurdistan. The latest figures from the Kurdistan Company Registration Directorate show that 18 months ago there were 1027 foreign companies operating in the region, meaning there has been an increase of 55 per cent. There are also 10,100 local companies working side […]

23% of Investment in Kurdistan is from Foreign Countries

Foreign companies and governments account for about 23 percent of the investment in the Kurdish Region, according to a report from AKnews. The Kurdistan Investment Board said that $3.9 billion [4.6 trillion Iraqi dinars] of investments came from up to 20 countries in the past 5 years. With $17.4 billion [20.3 trillion Iraqi dinars] was […]

Another Way Iraq Business News Can Help You

Despite the well-known challenges facing the country, Iraq's business is on a steep upward trend. Foreign investment, for example, increased by almost 50% last year, and there are no indications that money will not continue to flow into the country. In the past week alone, we've reported on a Korean company signing a deal for […]