Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

Iraq-Turkey Trade Up 50 Percent in Past Year

Trade between Turkey and Iraq increased by 50 percent to $9 billion in 2009, an Ankara official told reporters on Saturday in Erbil, capital of Iraq’s autonomous northern region. “The volume of commercial exchange between Iraq and Turkey in 2009 was $9 billion, and in the same year Turkish companies signed investment deals worth a […]

American Used Cars Boom in Iraq

Progress in trading of used cars in Iraq, particularly those imported from USA , is booming because of reasonable prices and easy to repair damage according to a number of local merchants. Salam Mohammed, an importer of these cars declared the market for used cars is growing, pointing out that the repairing of vehicles before […]

Industry Ministry to Invest in Nassir Company

The Iraqi Industry Ministry will invest in the state-run Nassir Company over the coming five years. “The necessary funds for this purpose have been allocated,” the Ministry said in a release on Wednesday received by Aswat al-Iraq news agency. It noted that the funds will be used to rehabilitate the company’s water treatment units and […]

ISX up Tuesday

The Iraqi Stock Exchange (ISX) index went up by 2.3% to close at 93.3 points on Tuesday . Shares of 10 companies went up, 14 down while 9 others retained their previous rates. The number of shares traded hit 1.3 billion worth 2 billion Iraqi dinars (roughly 1.7 million U.S. dollars) through 227 deals. The […]

New Medical Factory in Mosul

A new factory for producing medical cotton and gauze has opened in Mosul city. “The total cost of the project is around $2.5 million,” a source from the factory told Aswat al-Iraq news agency. He said that the factory’s capacity is 0.5 tons per day. The source noted that the Iraqi Ministry of Industry funded […]