Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
South Korea's Hanwha Chemical Corporation has announced that it has signed a letter of intent (LOI) to build a petrochemical plant in Iraq. South Korean news agency Yonhap reports that the LOI was signed in Seoul by the president of Hanwha Chemical, Bang Han-hong (pictured), and Iraq’s Deputy Minister of Industry, Mohammad Zain. Hanwha will build […]
By John Lee. Dubai-based MAG Container Lines (MCL), a division of the multinational MAG Group, has added three new automated vessels to its existing fleet on the UAE-Iraq route. According to the report from TradeArabia, the addition of the Al Hussein, MAG Bride (pictured) and MAG Pearl boosts the company's potential capacity on the route by 60 […]
The Chief Representative of Japan International Cooperation Agency (JICA), Shohei Hara, met with the Head of the Department of Foreign Relations, Minister Falah Mustafa, on Tuesday to discuss JICA’s new projects in the region as well as other areas of mutual interest. The meeting was also attended by the Assistant Head of the DFR, Siham […]
By John Lee. The Iraqi government of has approved plans to build a $472-million industrial city in Anbar Governorate. According to Zawya, a spokesman for the General Directorate for Industrial Development (GDID) said the contract to develop this project has been awarded to the State Company for Industrial Design and Construction (SCIDC). Dedicated to small […]
A trade delegation representing companies from the United States, Europe, the Middle East and Asia met with the Governor of Karbala as well as members of the Provincial Council last week. The companies presented their capabilities and discussed with officials and technical experts of the provinces a wide range of economic and social development and […]
By John Lee. The Basra Investment Commission has reportedly approved a number of projects including the construction of a 25-storey hotel and a shopping mall. According to a report from Zawya, Commission Chairman Ali Gasib said the luxury hotel would be located near the Shatt Al Arab river, while the shopping facility would be situated […]
By Ayser Jabbar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Experts in both the public and the private sectors expected Iraq to be an international free-trade area amid the increasing global variables in economics, trade and manufacturing. Administrative agent for the Transportation […]
On December 4 U.S. Agency for International Development (USAID) Associate Administrator Mark Feierstein and Acting Assistant Administrator Alina Romanowski concluded a two-day visit to Iraq as part of a regional tour of USAID missions. In Baghdad, the Associate Administrator and Acting Assistant Administrator met with Prime Minister Maliki’s Chief of Staff, Dr. Hamid Ahmed, to […]
By John Lee. Turkey has offered to jointly build two more border crossings with Iraq, in addition to two new gates recently agreed upon, according to a report from Today's Zaman. The Turkish Customs and Trade Minister, Hayati Yazıcı (pictured), told the press in Ankara on Wednesday that the government favoured the construction of two […]
By John Lee. APA reports that Iraq is interested in importing agricultural products from Azerbaijan. At the first meeting of Azerbaijan-Iraq Intergovernmental Commission, a representative of Iraq’s Agriculture Ministry said there is a need for citrus fruits, fish, meat and other products in Iraq. A senior advisor at Azerbaijan's Agriculture Ministry offered to export fruit, vegetable, […]
By John Lee. The Kuwaiti Ambassador to Iraq, Mr Ghassan Al-Zawai, met with the Head of the KRG Department of Foreign Relations, Minister Falah Mustafa yesterday to discuss ways of further developing ties with Kurdistan particularly as Kuwait plans to open its Consulate General in Erbil soon. After Kuwait’s decision to open its Consulate General […]
By John Lee. The President of Belarus, Alexander Lukashenko, has said there is a need to intensify trade and economic relations with Turkey and Iraq. According to a report from BelTA, he said Iraq is showing an increasing interest in Belarus, receiving more and more cooperation proposals from Iraqi businessmen and politicians. Addressing Andrei Savinykh, […]
