foreign companies

Latest news and articles about foreign companies from NEX English

Foreign Oil Companies Withdraw, Deepening Iraq's Economic Crisis

International oil companies have begun evacuating their foreign staff from Basra and Kirkuk due to escalating security threats. This move raises serious concerns about its negative impact on the Iraqi economy, particularly in trade, investment, and energy sectors.

Germany mandates foreign firms to partner with local companies

German Finance Minister Lars Klingbeil announced new plans requiring foreign companies to form partnerships with local firms before operating in Europe. This initiative aims to strengthen the local economy and increase oversight on cross-border acquisitions.