Archive | Iraq Industry & Trade News

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

Preparations for Holding Turkish Fair in Basra

A delegation from the Turkish companies discussed on Monday with Basra’s governor the final preparations for holding the international Turkish fair in the province, a media official said. “A delegation from the Turkish Ramsey Group held on Monday (Jan. 25) a meeting with Basra Governor, Shaltagh Abboud al-Mayah, on the final arrangements for its permanent […]

Lawmaker Invites Trade Minister to Appear Before Parliament

Legislator Hassan al-Saneed called on acting Iraqi Trade Minister Safaa al-Din al-Safi to appear before Parliament on Monday for consultations on the funds appropriated in the state budget to import ration card items. “Several areas in Iraq are complaining that they do not get these ration items and that’s why we invite the minister to […]

State Company Implements $3.3m Contracts

The state-owned al-Izz Company has signed contracts worth $3.3 million U.S. dollars with several institutions in the industry, electricity and civil society sectors, an official statement said on Sunday. “The company has signed a number of contracts with the state-run Diala Company for Electrical Industries to upgrade its computer systems, to rehabilitate its transformer factory […]

2 U.S.-funded Meat and Fish Markets Opened in Kut

Wassit Governor Lateef Hamad al-Turfa opened on Saturday two U.S.-funded meat and fish markets in the city of al-Kut. “The two projects cost around six billion Iraqi dinars,” Majid al-Itabi, the Wassit province’s information director, told Aswat al-Iraq news agency He said that the two buildings will occupy a total area of 3,250 square metres. […]

U.S. to Fund Meat and Fish Markets in Wassit

U.S. Provincial Reconstruction Team (P.R.T) will fund two buildings in central Kut city, which will be used as meat and fish markets. “The two buildings will occupy a total area of 3,250 square meters,” Majid al-Itabi, the Wassit provincial media director, told Aswat al-Iraq news agency on Thursday. He said that the first building will […]

Industry Ministry Achieves Sales of $29.8m

The Iraqi Industry Ministry achieved sales of around $29.8 million from contracts with the Trade Ministry and other governmental and non-governmental institutions. This came in a release on Tuesday issued by the Industry Ministry and received by Aswat al-Iraq news agency. But the statement did not specify the time limit spent to accomplish the amount, […]

Chemical Industries Company Achieves Record Production in 2009

The Iraqi Ministry of Industry and Minerals said on Monday that the state-run al-Sawari Company for Chemical Industries has reached its highest production levels in 2009. The company has signed a contract with the Ministry of Water Resources to build three boats, according to a ministry statement received by Aswat al-Iraq news agency. It has […]

Halting License Granted to Stone Bakeries

The State Company of Processing Grains affiliated to Ministry of Trade has decided to transfer one of Baghdad's mills to Salah el- Din province, also it decided to halt granting stone bakery's license. A statement issued by Media National Center quoted a source in the Ministry of Trade saying" Acting DG of the State Company […]

Iraq Imports One- Fifth of Jordan's Exports

Iraq accounted for one fifth of Jordan's total exports during the first 11 months of 2009 making it Jordan's biggest trade partner from amongst 100 countries trading with the kingdom. Iraq topped the list of countries importing from Jordan although Jordanian exports to the Iraqi market dropped by 6.7 per cent during January-November of 2009. […]

ISX Registers Plunge in 20 Firms’ Prices, 9 Up

Rates of 20 out of a total 39 joint-stock companies’ shares that exchanged hands on Sunday plunged while those of nine others were off to a fresh start and shares of 10 companies retained their previous rates as the Iraqi Stock Exchange (ISX) index closed at 98.13 points, down by 0.6%. Traded shares hit 814 […]