By John Lee. A delegation from Iraq's Ministry of Trade has held meetings with officials from the International Trade Centre (ITC) in Geneva to discuss cooperation on trade support and Iraq's accession to the World Trade Organization (WTO). The Iraqi delegation was accompanied by the head of Iraq's Permanent Mission to the United Nations and […]
By Dr. Hussein Al-Jazairi, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Expected Effects of the US-Iran Peace Agreement on Iraq's Oil Maritime Transport Sector The maritime transport and insurance sector in the Arabian Gulf […]
By John Lee. The head of the Federation of Iraqi Chambers of Commerce, Amer al-Fahdawi, held a series of meetings on the sidelines of the Arab-Swiss Business Forum in Geneva, organised by the Arab-Swiss Chamber of Commerce and Industry. Al-Fahdawi met with the president of the Union of Arab Chambers, Samir Majoul, to discuss ways […]
By John Lee. A cargo vessel operated by Mediterranean Shipping Company (MSC) was struck by two projectiles near Umm Qasr on 1st June, according to the United Kingdom Maritime Trade Operations (UKMTO) Centre and MSC. The vessel, the MSC Sariska V, was departing port when the first projectile hit while the pilot was still onboard; […]
By John Lee. Swiss President Guy Parmelin has sent a congratulatory message to Iraq's new President Nizar Amedi, delivered by Switzerland's ambassador to Iraq, Daniel Hunn, during a meeting at Baghdad Palace in Baghdad. In his message, President Parmelin congratulated President Amedi on assuming office and wished him success in his responsibilities, noting the significant […]
By John Lee. A delegation from the Ministry of Trade has visited the manufacturing facilities of Bühler Group in Switzerland to review progress on the five metal silos project. The visit focused on overseeing production stages and monitoring implementation of the electromechanical equipment and materials designated for the scheme. The delegation was headed by Dr […]
By John Lee. Swiss-based Gunvor Group has withdrawn its proposal to acquire Lukoil's international assets following opposition from the US Treasury Department. The Treasury stated that Gunvor would not receive a licence to operate as long as Russia continues its military actions in Ukraine, describing the company as "the Kremlin's puppet." Gunvor rejected the claims, […]
By John Lee. Russia's LUKOIL has announced that it will sell its international assets to Swiss-based Gunvor Group. In an announcement on Thursday, the company said: "The conclusion of the binding agreement for the transaction is subject to conditions precedent including obtaining OFAC permission by the Purchaser as well as any other applicable licenses, permits […]
By John Lee. On Thursday, 23 October 2025, Deputy Prime Minister and Foreign Minister Fuad Hussein and his Swiss counterpart Ignazio Cassis officially inaugurated the Swiss Embassy in Baghdad, marking the reopening of Switzerland's diplomatic mission after a three-decade hiatus. The ceremony was attended by senior officials from the Iraqi Ministry of Foreign Affairs and […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani met in Baghdad on Wednesday with the Swiss Ambassador to Iraq, Daniel Hunn, and the Swedish Ambassador, Jörgen Lindström, accompanied by senior representatives from Linxon, including its Executive Director and the company's Head for Asia and the Middle East. The Prime Minister welcomed the presence of international, […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated Etihad Group's new flour mill in Al-Madhatiya [Medhatiah, Madhatiya], in Babil Governorate, which produces one million tonnes of premium-grade flour annually. The project was initiated 11 months ago when the Prime Minister laid the foundation stone. He toured the facility and praised the variety and […]
By John Lee. AFM Group, a Swiss-based company specialising in advanced airport systems, has signed two agreements with Iraq's General Company for Air Navigation Services (GCANS) for the modernisation of Baghdad International Airport (BIAP). The scope of these agreements includes: The upgrade of the airfield lighting system to energy-efficient LED technology; The replacement of existing […]
