By John Lee. Lebanese investments in Iraqi Kurdistan account for 10 percent of the total investments in the region, and will exceed $3 billion, reports Aswat Al Iraq. The Chairman of the Lebanese-Kurdish Friendship Association, Ali Adeeb, said that the Lebanese investors were the first to come to the Kurdish region, investing in construction, banking, […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Over the past two decades, the citizens of the Iraqi Kurdistan region have refrained from going to movie theaters. Some of these theaters, which succumbed to neglect, have been demolished […]
Lebanon's Daily Star reports that deteriorating security in Syria is forcing Lebanese truck drivers to abandon the Damascus road and re-route through Iraq before entering Jordan. Until recently, the Syrian army accompanied convoys from the Masnaa crossing through Damascus before heading south to Jordan, but for the past two months this has proved impossible. Chafik […]
Lebanese company Robert's Group is due to open its first family entertainment centre in Iraq next month. The standalone outlet in Baghdad will have 40 games and will be opened in conjunction with a local partner. According to a report from Intergame, the new unit is currently in the final stages of completion. Robert’s Group, […]
In line with its international expansion, Banque Libano-Française (BLF) has opened its first branch in Iraq. The BLF branch, located on the Outer Karrada main street in Baghdad, will serve Lebanese and Iraqi businessmen as well as international companies operating in this growing and dynamic market, which has traditionally been one of Lebanon’s main destinations […]
By John Lee. A business delegation from Iraqi Kurdistan considered strengthening economic ties with Lebanon’s second-biggest city Tripoli. “Iraqi Kurdistan is seeing an economic boom and we hope that Lebanese businessmen continue to benefit from facilities offered by the regional government,” head of the Tripoli Chamber of Commerce Tawfik Daboussi said. Former Iraqi Trade Minister […]
By John Lee. Lebanon's biggest bank, Bank Audi, plans to enter the Iraqi market late next year. Chief Executive Samir Hanna (pictured) told Reuters that its new Iraqi operation will be a subsidiary of its Turkish business, which it launched in October and which is trading "more than 50 percent ahead" of the bank's target. […]
Prime Minister Nechirvan Barzani today hosted a groundbreaking ceremony for a new international airport in Duhok. Duhok International Airport will be the third airport in the Kurdistan Region. After its completion in 2015, travellers will have direct international access to each of the Region’s three provinces. Speaking at the event, the Prime Minister highlighted the […]
By John Lee. The Kurdistan Region's Tourism Board has announced plans to develop 53 tourist sites in the region, including the Bekhal Resort. Designs for some of the sites have already been completed, according to a report from AKnews. Mawlawi Jabar, Head of the board, said that companies from Lebanon and Austria are undertaking the […]
A delegation from the Basra Investment Commission, headed by the BIC chairman Eng.Haider Ali Fadhil, visited the headquarter of Traders Association in Al- Nabatiyeh Province, South Lebanon. The delegation was accompanied by Eng. Hassan Jabir. The head of the association welcomed the delegation referring to the joint cooperation between Iraq and Lebanon; he appreciated the […]
The latest scandal at Iraq’s ministry of electricity involves multi-billion dollar “phantom deals” with a German and Canadian company. The minister of energy has been asked to resign. But according to a report from NIQASH, the real story is not as simple as it first appears. As a long, hot summer continues to overheat the […]
As part of its visit to Lebanon, the delegation of the Iraqi banking sector, which includes 22 officials from the Central Bank of Iraq and Iraqi banks as well as some members of the project and financial development project in Iraq, visited the Association of Banks in Lebanon on Thursday 7 July at 11:30. BDL […]
