By John Lee. Iraq's national lockdown in response to the coronavirus (COVID-19) pandemic has reportedly given a boost to local businesses. According to a report from AFP, local businesses no longer have to compete with imports from countries such as Turkey, Iran, China, Saudi Arabia, Jordan and Kuwait. It quotes the owner of an ice-cream […]
By John Lee. Iran's non-oil exports to Iraq are reported to have increased by 0.7 percent. For the Iranian calendar year 1398 (ended on March 19), non-oil export to Iraq hit $8.9 billion, according to a deputy with the country's Trade Promotion Organization (TPO). Tehran Times reports that medicines and medical equipment, plastic products, ceramic […]
An Iranian official denied the “fake” reports about the closure of the common border with Iraq, saying Iranian trucks are exporting commodities to the Arab country via all border crossings without any problem. In an interview with Tasnim, chairman of the Iran-Iraq joint chamber of commerce, Yahya Al-e Eshaq, said Iranian trucks are exporting shipments […]
By John Lee. According to statistics from Turkey's official statistical office, TurkStat, the country sold $20 million more to Iraq in January than it imported. In January 2020, Turkey's main partner country for exports was Germany with $1.415 billion, followed by Italy with $888 million, the United Kingdom with $869 million, Iraq with $816 million,s […]
By John Lee. Exports from Jordan to Iraq have reportedly fallen by 10.6 percent compared with the same period last year. The news has shocked some in the Jordanian business community, especially after the signing of trade deals between the countries. (Source: The Jordan Times)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq and Iran are neighbours: Around $25m worth of Iranian goods enter Iraq every day. But a US deadline that allows Iraq to trade with Iran is set to expire in three months, […]
The president of Iran voiced the country’s readiness to expand trade ties with Iraq and increase exports to the neighboring state. "We are ready to have our tradespeople more active in Iraq and supply the required goods so that we can reach a good balance," Iranian President Hassan Rouhani said at the Economic-Trade Forum of […]
Iraq has emerged as Iran's top export destination in the current Iranian year, an official announced. The director of the export bureau of Iran’s Customs Office, Ali Akbar Shadmani, said the value of the country’s exports since the beginning of the current Iranian year (March 21, 2018) has surpassed $30 billion, with Iraq being the […]
By Fehim Tastekin for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. While Turkey was eagerly anticipating a new government in Baghdad to sort out many problems with Iraq, a last minute decision by the outgoing prime minister has added a fresh item […]
According to a report from Rudaw, thousands of poor quality, overturned or water-damaged American cars have been imported to the Kurdistan Region over the past two years, due to the facilitations made by the KRG to car traders in a bid to increase revenues at customs points. Statistics produced by the ministry of trade and […]
The head of the Jordanian truck owners Mohammed Khair al-Daoud said on September 7 that about 6,000 trucks are currently at high readiness and are ready to transport goods to Iraq through the Trebil crossing. Al-Daoud said in a statement to the Jordanian newspaper “Al-Rai”: “... the Association of truck owners held several meetings with […]
By Simon Kent. Iraq is set to reopen its border with Jordan near the town of Rutbah, a remote settlement over 200km from Baghdad that was liberated from ISIS control last week. Around 200 militants were thought to have been present in the town, with most fleeing and some fighting to the death. When the […]
