A senior U.S. trade official says Iraq is making "steady progress" in its efforts to join the World Trade Organization (WTO), RFE/RL's Radio Free Iraq reports. Michael Delaney, the assistant U.S. trade representative for South Asia, told RFE/RL in Baghdad on February 12 that "the Iraqi government has done a lot on its WTO application […]
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The reconstruction of Iraq is under way and opportunities for Texas businesses abound. The Bilateral U.S. - Arab Chamber of Commerce (BUSACC) was due to host a business breakfast and panel discussion featuring Iraq's Ambassador to the United States, the Senior Commercial Counsel and a high level Ministry of Energy official and delegation, along with […]
The Iraqi Stock Exchange (ISX) index registered a slight increase of 0.32% after six consecutive sessions to close at 91.16 points as rates of 11 joint-stock companies’ shares went up. Today’s session saw shares of 30 out of a total 81 electronically-registered joint-stock companies exchanging hands with 9 down, 11 up and 10 retaining their […]
A statement issued by Media National Center quoted a well- informed official in the Ministry of Trade as saying" DG of State Company for Constructional Material Trade, engineer Abdul Muhsin Anbar al- Rikabby, has signed a contract with the French YCC firm to import and market cement from the Tasluja Cement Factory in Suleymaniyah province. […]
British and Iraqi companies have attended a Basra-based conference on investment opportunities in the province, a local official said on Saturday. “The conference was organized by the Basra Investment Commission in cooperation with Amar al-Khayr Organization at Manawi Pasha Hotel,” the head of the commission, Haydar Ali Fadel, told Aswat al-Iraq news agency. “The event […]
Arab finance and economy ministers opened a meeting in Kuwait on Thursday with calls for speeding up economic integration, and establishing a customs union by 2015, reports AFP. The ultimate aim is to establish a full Arab common market by 2020. "We must have a working program with a timetable to implement Arab joint ventures […]
A fair for women handmade products has been opened in Arbil city, with the participation of 150 women from the provinces of Kirkuk, Arbil, and Sulaimaniya. The fair that started on Thursday at the capital of the Iraqi Kurdistan region is considered the first of its kind in Iraq.
Iraq is trying to recover a 651 million euro (895 million dollar) payment from France for a consignment of Mirage F1 fighter planes that were never delivered, the cabinet’s official spokesman said. “A ministerial committee was recently formed to negotiate with the relevant French parties the recovery of 651 million Euros paid in advance under […]
Iraq Minister of Industry and Minerals Fawzi Hariri took part in the inauguration of the Indo Arab Economic Co-operation Forum in New Delhi which is being held under the auspices of the Indian Chamber of Commerce and Industries. Officials, businessmen and investors from both public and private sectors from the entire world attend this Forum […]
(Source: Aswat Al Iraq) Power generating vessels, with capacities of 144MW and 220MW respectively, will arrive at the ports of Umm Qasr and Khour al-Zubeir in March and April.
South Korea's STX Heavy Industries has signed a $3bn deal to build a steel plant and gas-fired power station in Basra. The power plant will have a capacity of 500MW, while the steel plant should output 3m tons annually. The Iraqi State Company for Iron and Steel will take charge of operating the plant after […]
(Sources: Reuters, Hindustan Times) Iraq's Minister for Industry and Minerals announced the intention to strengthen commercial ties with India, following a visit to New Delhi. The state-run Indian Oil Corp (IOC) plans to import 220,000 bpd of Iraqi oil, and joint ventures worth $2bn are being investigated.