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 […]
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Iranian exports to Iraq will exceed $8 billion in 2010 – up from $6 billion in 2009 -boosted by equipment and materials for the war-damaged country’s reconstruction
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 […]
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 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 […]
A joint conference was held on Tuesday by the Iraqi businessmen association with the Turkish consulate in Basra to develop commercial relations between the two countries.
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 […]
Talks poured over opening an office to implement projects in coordination between Turkish companies and local businesses.
A trade exhibition at the southern city of Nasiriya has drawn 50 Chinese firms, a senior provincial official said. “Nasiriya is now playing host to 50 Chinese firms exhibiting various products,” said Ali Fahad, a deputy governor. Nasiriya is the capital of Dhiqar Province, which mainly relies on agriculture as the mainstay of its economy. […]
Renowned French hypermarket chain Carrefour will open its first Iraq store by the end of 2010 in Kurdistan Region under license from the United Arab Emirates franchise
Basra’s Investment Commission granted a permission to start a free trade-zone area with Iran.
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 […]