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: […]
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 […]
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 […]
By David Rosenberg, for The Media Line. Reproduced with permission by Iraq Business News. It was just another day in Iraq on July 15. In the city of Kerbaba; two car bombs killed a total of seven people and wounded 19. An American solider was killed in Baghdad while in another part of the capital […]
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 […]
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 […]
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 […]
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 […]
Iraq Business News' media partners at fDi Intelligence, by the Financial Times, have issued their new "Global Outlook Report 2011". The report finds that foreign direct investment projects into Iraq increased by 175% in 2010, albeit from a very low base. Iraq attracted 7% of FDI into the Middle East region in 2010, up from […]
An international investment magazine has ranked Erbil in fifth position among top Middle East cities with potential for foreign direct investment. This places Erbil ahead of Muscat and Riyadh. FDI Magazine, a subsidiary of the Financial Times, in this month's edition, ran a feature on Middle East cities of the future, ranking cities by economic […]
Iraq inaugurated a new court on Wednesday to resolve disputes between foreign investors and Iraqi companies, according to a report from Khaleej Times. In a ceremony attended by senior judges, prosecutors and judicial officials, Iraq’s most senior judge pronounced the new court open, and announced plans to establish similar courts in Mosul and Basra. The […]
Iraq offers $200 billion investment opportunities to foreign investors, making it one of the most lucrative investment destinations in the region, an Iraqi government adviser said on Thurday. "To be or not to be is not the question here as huge investment opportunities do exist in Iraq and the government will ensure the security to […]
