According to several sources, the administration of Basra province council has dismissed the director of Basra Investment Commission, Dr. Haider Ali Fadhil. Ahmed Ali, a member of the committee, was appointed in his place. Meanwhile, Alsumaria TV reports that Dr. Fadhil was dismissed by Basra's governor, but that the Council has objected to the dismissal […]
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A waterfall resort in northern Erbil province is expected to be turned into a modern tourist destination after it was neglected of late due to drought, according to a source reported by AK News on Saturday. "Soon, Gali Ali Bag Waterfall resort will be renovated on a modern and new design through the private sector […]
Turkey's Trade Ministry has declared that the trade volume between Turkey and Iraq has exceeded $6 billion this year, up from only $940 million in 2003. In a press release by Turkish Ministry of Trade, commercial ties between Turkey and Iraq have developed dramatically in the recent years. The indicators show that bilateral the trade […]
A number of companies participating in a Basra international fair revealed on Saturday their intention to seek investment opportunities in the province, the 'economic capital of Iraq', according to a source cited by AK News. The 5-day Basra International Fair opened on Friday, with the participation of more than 150 local and foreign companies specialising […]
Basra's governor has announced projects totalling more than 50 billion Iraqi dinars ($42m), according to a report from AK News. "Many projects will be implemented and financed from Basra's budget at a cost of more than 50 billion Iraqi dinars. The first project is to establish an industrial city for 40 billion dinars that includes […]
The state-run Iraqi Shopping Centers Firm achieved revenues of 9.676 billion Iraqi dinars [$8m] during the past five months, according to a press release received on Sunday by Aswat al-Iraq news agency.
A large Turkish business delegation will head to northern Iraq Tuesday to boost trade links, despite a political chill over Turkish Kurd rebels taking refuge in the area, a newspaper report said. State minister for foreign trade Zafer Caglayan, who will lead the 200 businessmen, voiced the hope that increased economic exchanges between Turkey and […]
Syrian Prime Minister Mohammad Naji Otri and Iraqi Finance Minster Baqir Jabr al-Zubaidi met on Sunday to discuss cooperation and relations between the two countries. Later, Syria's Minister of Finance Mohammed al-Hussein discussed with al-Zubaidi the positive impact of Syrian-Iraqi financial cooperation on economic relations which serve the interest of both countries. Minister al-Hussein stressed […]
One-hundred Iraqi and foreign companies will participate on Friday in the Basra International Trade Fair, according to a province’s businessmen union board member on Thursday. “The companies that will attend the five-day event are coming from Turkey and Germany, alongside Iraqi companies,” Hussein Hashim al-Sa’edi told Aswat al-Iraq news agency. “The fair, which will be […]
Both KurdNet and Haaretz (citing original reports the French Jewish website JSS and Intelligence Online) say that Idan Ofer, the chairman of the Israel Corporation, visited Sulaimaniyah in Iraqi Kurdistan in May. He is reported to have met with senior Kurdistani officials including Vice President Kosrat Rasul Ali, and Prime Minister Barham Salih. The visit […]
(Source: Iran Daily) A leading Iranian bus manufacturing company plans to export 300 buses to the neighboring country of Iraq, a company official announced on Monday. "The Memorandum of Understanding (MoU) was signed for the export of 300 buses to Iraq," Managing-Director of Semnan's Oghab Afshan Industrial and Manufacturing Company, Abdullah Akbari-Raad, said in an […]