Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Swedish Transport Academy, officially inaugurated this week in Erbil, will help Iraq’s unemployed and young people acquire the new industrial skills critical for the reconstruction and recovery of the country`s economy. The Academy, which will supply much-needed skilled mechanics to the Iraqi sectors of logistics, manufacturing, and industrial maintenance of heavy machinery such as […]
The Iraqi government has allocated 100bn IQD ($85m) from the 2012 budget to kick start loss-making state-owned companies and make them profitable, according to AKnews. A committee member with responsibility for companies development, Mohammed al-Jabri said: "The Iraqi government is serious in dealing with economic problems facing non-profitable companies and in finding practical alternatives to […]
The U.S.-Kurdistan Business Council (USKBC), a trade group of U.S. companies investing in the Kurdistan Region of Iraq, named former U.S. National Security Advisor General James Jones (USMC-Ret) as the council's CEO last week during a reception honoring President of the Kurdistan Region Masoud Barzani. "General Jones is exceptionally knowledgeable about Kurdistan and about the […]
Sweden’s Minister of Trade and Ambassador to Iraq today, 18 April, concluded a three day visit to Kurdistan to officially open an Embassy Section Office and a Swedish Trade Council Office in the Region’s capital Erbil. At the ribbon cutting ceremony for the new offices this morning Sweden’s Minister of Trade Ms Ewa Björling said, […]
Trade between the Kurdistan Region of Iraq and Sweden hit $154 million last year and the Swedish authorities are planning to double that figure by 2015, reports AKnews. Swedish Minister of Trade, Eva Bjorling (pictured), opened the Swedish Embassy’s trade office in Erbil, and an institute to help Iraqis address unemployment, on Tuesday. Fathi Mohammed, […]
The under-secretary of the Iraqi Ministry of Industry met a delegation of Iranian companies to discuss industrial cooperation and possibilities of Iranian participation in work opportunities in Iraq. According to AKnews, the head of the Iranian delegation, Ameen Shari'ati, said that trade between the two countries reached $9 billion dollars. He hoped this figure would increase, […]
The third annual German Industry and Trade Chamber exhibition in Erbil opened on Tuesday and will run for the next two days, according to AKnews. The products of German companies, which operate across Iraq in fields of automobiles, cosmetics, transportation and communications, will be on show. (Source: AKnews)
Bell Helicopter, a Textron Inc. company (NYSE: TXT), was awarded a contract by US Army Contracting Command, Redstone Alabama for the procurement of contractor logistics support for 30 Bell 407 helicopters in service with the Iraqi Army. The award valued at more than $15 million allows Bell Helicopter to provide logistics support of 24 Bell […]
AKnews reports that Sweden is planning to open trade offices in Erbil, as well as an institute to help Iraqis address unemployment, in an attempt to broaden trade relations with both the region and Iraq. The announcement came in a press conference for the Swedish Trade Minister Eva Björling who is in Erbil on a visit. […]
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A delegation from the Basra Investment Commission, headed by the BIC chairman Eng.Haider Ali Fadhil, visited the headquarter of Traders Association in Al- Nabatiyeh Province, South Lebanon. The delegation was accompanied by Eng. Hassan Jabir. The head of the association welcomed the delegation referring to the joint cooperation between Iraq and Lebanon; he appreciated the […]
The Kuwaiti ambassador to Baghdad, Ali al-Muamman, has announced that 50 Kuwaiti companies will begin work in Iraq at the end of this month, after being informed of the investment law details by the Chairman of the National Investment Commission (NIC), Sami al-Araji, who visited Kuwait recently. "The Kuwaiti companies were afraid of entering Iraq […]
