Archive for the ‘Iraq News’ Category

Iraqi Gov. starts a $186B Five-Year Development Plan

Wednesday, July 7th, 2010
Iraq development

Iraq developmen

Iraq launched Sunday its 2010-2014 five-year development plan that involves the implementation of more than 2,700 projects at a total cost of about $186 billion, pan-Arab Al Hayat daily reports Monday citing Abdul-Zahra Al Hindawi, spokesman for the ministry of planning and development cooperation which is in charge of supervising the implementation of the plan. (more…)

Posted in Iraq News | No Comments »

Iraq Economic Environment

Monday, September 7th, 2009

The general economic picture has substantially improved. Inflation came down from 17% to 12% in 2008. Major steps have been taken to open up the oil sector to international oil companies. Iraq’s trade volumes continue to grow and substantial investment opportunities are emerging.

Long term, the most effective security solution is economic growth and job creation. The Central Bank of Iraq is fighting a successful battle against inflation and the currency is strengthening.

Past obstructions to effective business are being removed, and Iraq is doing everything possible to help its private sector flourish. Thus, through an open trade and investment regime, an investor-friendly business environment is developing.

There are different legal regimes to attract foreign investment. Today, in most cases, foreign investors have been granted the same rights as national investors vis-à-vis their investments. Iraq’s new Investment Law, approved in 2006, guarantees a climate where foreign investment is facilitated.

Eng. Kadhum

Tags: , ,
Posted in Iraq News | No Comments »

Welcome to Iraq Business News Blog

Wednesday, August 5th, 2009

New Iraqs Flag

By the name of God we begin this blog.

Simple words the we write here to educate the world about Republic of Iraq news, the land pf legends and prophets, It is the site of the Garden of Eden, of the Noah’s Great Flood, and the birth of Abraham.

We put here up-to-date news that interests the Foreign Investor and business men about what is new in Iraq and the Arabian Gulf, concerning Business news economy analyses or stories from Iraq’s realty.

We welcome any one who wants to share his expertise or participate in a  Constructive criticism which supports and help improve Iraq’s Economy.

Post a comment or contact us for articles.

Thank you

Eng. Kadhum

Tags: , , ,
Posted in Iraq News | No Comments »