Representatives of 20 Swedish companies met a group of businessmen from the Kurdistan region on Monday to discuss investment opportunities in the region. The meeting was organized by the Iraqi businessmen association in Kurdistan. “The meeting is a first step in learning about the Swedish companies and their experience,” Sardar Hassan, the association’s secretary general, […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Tags: Kurdistan News, Sweden
Iraq 2011 Budget Based on $73 Oil
By Editor on 22nd November 2010 in Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
The oil and finance ministries agreed to set the price of oil barrel at $73, to be endorsed in the 2011 state budget, oil ministry spokesman Assem Jihad told Aswat al-Iraq news agency at the weekend. “The agreement comes in light of an export rate of 2.3 million barrels per day (bpd), including the oil […]
Tags: Iraq Budget News, oil price
Iraq's Navy Recieves Boats From US
Iraq Navy’s has received the first of nine military observation boats from the United States, according to a Navy Command source quoted by Aswat al-Iraq on Sunday. “The boat is part of an order for 9 boats, manufactured in the United States, according to a contract concluded previously,” he said. He continued that the "boats […]
Tags: Navy
Iran Targets Iraq for Investment
By Editor on 22nd November 2010 in Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
The Head of Tehran's Chamber of Commerce, Industries and Mines, Yahya Al-Ishaq, said Iran regards Iraq as one of the major investment locations in the Middle East region, the local satellite Press TV reported on Monday. Iraq's market and economic relations with Iran is a great opportunity for Tehran, and any failure to grasp this […]
Iraqi Govt Pays MPs, but Not Suppiers or the Poor
We reported recently on the excessive salaries and expenses being drawn by Iraq's parliamentarians -- it now seems the country has run out of money to pay for widows' benefits, farm crops and other programs for the poor. According to Associated Press, in only the parliament's fourth session since being elected in March, its members […]
Tags: Corruption, social welfare
Eid Holiday Boosts Kurdistan Tourism
The media secretary at the Kurdistan Regional Government's Ministry for Tourism said on Saturday that nearly 37,000 tourists visited Kurdistan during Eid al-Adha. Kan'an Baha'addin told AKnews during the four days of the Eid 15,000 tourists visited Erbil province, 13,000 Dohuk, and 8,500 Sulaimaniya. Eid al-Adha is an Islamic celebration that takes place at the […]
Iraq Issues Tenders for Supplies of Food
Iraq's State Foodstuff Company (SFSC) has issued an international tender to purchase: 30,000 tonnes of sunflower oil 2-3,000 tonnes of baby milk powder, and 30,000 tonnes of vegetable ghee. Full details can be downloaded below: vegetable-ghee_14.11.2010.5 english vegetable-ghee_14.11.2010.6 arabic sunflower-oil_14.11.2010.3 english sunflower-oil_14.11.2010.4 arabic milkpowder_14.11.2010.1 english milkpowder_14.11.2010.2 arabic
Tags: tenders
Microsoft Makes First Trip to Kurdistan
Aiming at helping the regional government of Kurdistan to develop its technological sector, a leading delegation from the Microsoft Corporation made its first visit to the capital Erbil on Sunday. The visit was made possible by an invitation by the two-year old Department of Technology of the Kurdistan Regional Government (KRG) that has set a […]
Tags: Kurdistan News, Microsoft
Iraq Receives $156m Russian Helicopters
Iraq has received the last two in an order of eight Russian-made multi-purpose helicopters which cost 156 million dollars, the US army has said. The purchase is Iraq’s latest effort to bolster the capacity of its armed forces ahead of a complete withdrawal of US forces by the end of next year, as the US […]
Tags: Helicopters, Russia
Iraq Boycotts Nobel Prize Ceremony
Iraq is among the countries reportedly boycotting the Nobel Peace Prize ceremony in Oslo. A Nobel official said that China has been putting unprecedented pressure on a number of countries to stay away from the prize-giving ceremony. This year's prize has been won by Liu Xiaobo, who is currently serving an 11-year prison sentence for […]
Iraqi Trade Ministry Introduces Income-based Rationing
The Iraqi trade Ministry has announced that the ration card, known as the Public Distribution System, will now operate on a sliding-scale dependent on a citizen’s income. Walid al-Helo told AKnews that the ministry is trying to combat poverty in Iraq by expanding the scope of the system despite international pressure on the country to […]
Tags: rationing
Australia supports Iraq WTO membership
An Iraqi ministry has said that Australia supports its quest for World Trade Organisation membership, according to NINA. WTO membership will significantly boost investment in Iraq as well as increasing its access to goods and services due to fewer restrictions from WTO member countries. WTO membership takes almost as long to attain as agreement at a UN […]
Tags: Industry & Trade, Iraq