Archive | Iraq Industry & Trade News

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

Kirkuk Cotton Gin Underway

Nine stages of the reconstruction and development of a cotton gin project in Kirkuk have been finalized, according to an official source. “Nine stages of the project have been finalized at a total cost of 12 billion Iraqi dinars,” Farouq Bakr told Aswat al-Iraq news agency. “The gin’s daily capacity will reach 180 tons,” he […]

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Russian Flour Ship Reached Um Kaser Port

The Public Company for Cereals Trade said that a ship loaded with 52.5 tones of Russian flour had reached Um Kaser port. The shipment falls within the  framework of the Ministry of Trade Flour imports. The company representatives in Um Kaser will transport the load to the port silos and the flour will be distributed […]

Minister Discusses Growth with Mill Owners

Proxy trade minister, Safa’ Al-Deen Al-Safi, received a number of flour mill owners and discussed details of the new contract. He emphasised the importance of the private sector in developing production and his intention to support production of  high quality flour to standards that meet the needs of citizen and state. National media center stated […]

Iran Trade With Iraqi Kurdistan to Expand

Iran and Iraq’s Kurdistan Regional Government (KRG) agreed to increase bilateral trade in the current year, a Kurdish official announced on Monday. “The volume of trade between Iraqi Kurdistan and Iran will increase to $4 billion this year,” a member of the Iraqi Kurdistan’s Legislative Council, Feiz Ali Khorshid, told Fars News Agency.  The meeting […]

KIC Calls for Indian Trade

The Karbala Investment Commission has called for the establishment of an international center to exchange goods with India, media spokesman for the commission said on Tuesday. “The center will concentrate on exchanging goods and products between Iraq and Indian companies, which took part in the investment conference in Karbala,” Raed al-Asali told Aswat An investment […]

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South Koreans Still in Talks for Steel Complex

STX Heavy Industries, a South Korean contractor is still in negotiations with Iraq’s industry and minerals ministry over the $3bn contract for a Basra steel mill project, Meed has reported, citing a source close to the deal. Upon completion, the Basra steel mill will have a capacity of 1.2 million-t/y of iron bars; 600,000-t/y of […]