Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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. […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
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 […]
A delegation representing Croatian companies visited the Basra Investment Commission this week to study the available investment opportunities in Basra. They discussed the possibility of obtaining investment projects in various sectors, and said that Basra represents a major target for international companies, especially in the oil sector. They also invited the Governor of Basra and […]
Israel is said to be particularly concerned about the Pentagon’s approval for the sale of 36 Lockheed Martin F- 16 multi-role combat aircraft to Iraq. “We are carefully watching the developments in Iraq,” an IDF officer told the Jerusalem Post. “The possible developments there are not immediate, but since the US withdrawal from Iraq we do […]
Kurdistan Region President Masoud Barzani, during a three day visit to Budapest this week, met Hungary's President, Prime Minister, Foreign Minister and Economic Minister on an official visit to promote bilateral relations and cooperation. President Barzani and the Hungarian Prime Minister Viktor Orban discussed ways to develop cooperation and investment opportunities in a number of […]
Azzaman reports that the holy city of Najaf has turned into a hub for foreign investments, mainly in areas of housing and tourism, as numbers of foreign pilgrims to the city surge. The head of Najaf Investment Commission, Wafi al-Bahhash, said an estimated $7 billion had been invested, adding that his commission granted new licences […]
