The latest investment news from Iraq – news on the Dinar, finance and more – brought to you by Iraq Business News
The first international fair for food products and household items continue in Basrah for the third day, with over 40 Turkish companies, as well as a number of international and local companies.
“An agreement has been reached with official Dutch authorities to send a delegation of 30 businessmen and traders to Basra to review the investment opportunities and economic capabilities in the province,” said Shaltagh Abboud al-Mayah
China is now the biggest importer of Saudi oil, the second-biggest of Iranian oil, and the largest player in the Iraqi oil game and "being very aggressive,"
The Iraqi National Investment Commission has said some of the projects — worth nearly $70 billion (Dh257.4 billion) — are expected to be finalised in the near future. The news comes after Emirates announced it will begin flights to Baghdad in July. Etihad Airways has been flying to the Iraqi capital since April.
Mudhhir Mohammed Saleh, who is a member of the Central Bank's board of advisers, told RFI that foreign banks are conspicuous by their absence in Iraq for a variety of reasons, including security concerns and the lack of a favorable legal framework.
The Iraqi parliament Speaker Iyad al-Samarrai, said that Iraq was about to witness a surge of large foreign investment because of many signed oil agreements. Samarrai confirmed that, "International companies have started investing in Iraq which leads to further investment, referring to Turkish and Iranian companies and several European firms whch have shown strong interest […]
The visit that Her Excellency UAE minister of foreign trade Shekha Lubna Bint Khalid made to Kurdistan Iraq region late last week heading an investment and trade delegation gave a new push to strategic investment and trade cooperation between Iraq and UAE. This visit represented a new starting point in economic relations between the two […]
Indian Charge d’ Affaires in Baghdad discussed on Monday with Basra deputy governor ways of boosting investment cooperation and the possibility to open an Indian consulate in the province, according to an official spokesman of the deputy governor. “Deputy Governor Nezar Rabia al-Jaberi discussed on Monday (May 24) with Indian Charge d’ Affaires in Baghdad, […]
Hundreds of Turkish firms have flocked to the semi-independent Kurdish enclave in northern Iraq, benefiting from a newly issued law easing curbs on foreign investments. Latest figures by the Kurdistan Investment Commission show that more than half of the foreign firms in the enclave are Turkish. In a statement, the commission said there were 620 […]
If a week is a long time in politics, it is a very long time in Iraq. The first day of this week in Iraqi politics witnessed a Sunday 23 May meeting between Iraqiyya leader Iyad Allawi and Grand Ayatollah Ali al-Sistani. On the same day, the Washington Post released a new interview with Prime […]
After winning the contract from the Iraqi ministry of industry and minerals, MerchantBridge will spend US$200 million on renovating and operating the plant under a 15-year lease.
There are no precise statistics about the volume of Iraqi capital which has been transferred outside Iraq by businessmen and by migrating Iraqi citizens. Emad Kadhim who works as a textile salesman talked about the problem saying this phenomenon started with the beginning of Iraqi-Iranian war and its aftermath. He added that it increased after […]
