AKnews reports that one hundred unlicensed pharmacies were shut down throughout Iraq in April, and four tons of out-of-date medicine were seized and destroyed. The Inspector General at the Health Ministry, Adel Muhsin, said the ministry closed the pharmacies for selling drugs that were unfit for human consumption and came from unknown factories and origins. […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Tags: Corruption, Pharmacies
First Romanian-Kurdish Economic Forum held in Erbil
Kurdistan’s chambers of commerce held the first Romanian-Kurdish economic forum in Erbil this week, hosting many Romanian and Kurdish companies. The Romanian businesses were part of a trade delegation that, accompanied by Romania’s Ambassador to Iraq, Jacob Prada, is visiting all three governorates of the Kurdistan Region this week. Dara Jalil Khayat, the Chairman of […]
STX Discusses Major Projects with Shahristani
Iraq's Deputy Premier with responsibility for energy affairs, Hussein Shahristani, has reportedly met the chairman of the South Korean STX Group to discuss possible cooperation in building power stations. According to the report from Aswat al-Iraq, STX has already completed a diesel power station with a capacity of 900 megawatts. A statement from Mr Shahristani's […]
EU and Iraq agree Partnership Deal
The European Union and Iraq signed a partnership agreement on Friday, which in turn has opened the way for both trade and energy deals. The agreement also allowed a closer cooperation in combating terrorism, promoting human rights, and countering the proliferation of weapons of mass destruction. The accord will allow continuous political discussions on bilateral, […]
Basra Governor set for Iraq Day Conference
His Excellency Dr Khalaf Samad Khalaf (pictured), Governor of Basrah, is guest of honour at IBBC’s Iraq Day Conference at London’s Mansion House on May 17th 2012 attended also by executives from the world’s leading corporations including major oil and construction companies. As rising oil sales supercharge the Iraqi economy Dr Khalaf’s keynote address will […]
Pathfinder Trade Mission to Erbil
Pathfinder Trade & Invest (PTi) with the support of the Kurdistan Regional Government and UKTI, invite you to join a High Level Trade Mission from the 17th– 21st June to Erbil. This Mission will be of interest to those companies in the following sectors: Financial services and Insurance, Education and Training, Construction and Construction Supplies, […]
Kurdistan Business Seminar in London
Pathfinder Trade & Invest (PTi) invite you to attend a Kurdistan Business Seminar kindly sponsored by DLA Piper UK LLP at their offices situated at 3 Noble Street, London EC2V 7EE, on 28th May 2012 from 10.00 am to 12.30 pm. Whilst many events in the Middle East have cast a shadow over the region, […]
US Congressional Staff visit Kurdistan
A large delegation of US Congressional staff visited the Kurdistan Region last week to meet with government officials, local businesses and schools, and to get a first hand view of how US-KRG relations can be further developed and improved. "This was the first Congressional staff delegation of its kind and size to the Kurdistan Region," […]
Tags: KRG, Kurdistan News
Iraqi Co. for Financing SMEs Tops $26m in Loans
This week the United States Government, through the U.S. Agency for International Development (USAID), will reach a significant milestone in its efforts to support Iraqi businesses. Loans extended by Iraqi Company for Financing Small and Medium Enterprises (ICF-SME) to develop or expand small businesses will reach a total of $26 million or ID 30.18 billion. […]
Tags: Ashur International Bank, Baghdad Bank, Basra International Bank for Investment, Gulf Commercial Bank, Iraqi Company for Financing Small and Medium Enterprises (ICF-SME), Iraqi Middle East Bank for Investment, Mosul Bank for Investment and Development, MSMEs, National Bank of Iraq, North Bank, Sumer Commercial Bank, U.S. Agency for International Development, USAID, USAID-Tijara Provincial Economic Growth Program
Dunia Weekly Iraq Market Tracker
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 […]
Tags: 4th round oil licences, Ahrar, Analysis, Barzani, Dawa, DFC Market Tracker, Dhi Qar, Dunia Frontier Consultants, ExxonMobil, Iraqi Drilling Company, Jalal Talabani, Mahdi Army, Muqtada al-Sadr, Nasiriyah, Nouri al-Maliki, Nuclear, P5+1, Politics, Qubad Talabani, Sadrists, Total, West Qurna Oilfield News
Trade with Iran Could Hit $15bn This Year
Iran Daily reports that trade between Iraq and Iran is expecte be between $12 billion and $15 billion in the current Iranian year (started March 20), up from $9.7 billion last year. Iranian Foreign Ministry spokesman Ramin Mehmanparast described trade ties with Iraq as 'ever increasing', saying there are 'abundant capacities' for cooperation between the […]
Tags: Iran
President Barzani Pursues Greater Cooperation with UAE
President Masoud Barzani this week paid an official visit to the United Arab Emirates to strengthen political, economic, cultural and investment ties between the Emirates and the Kurdistan Region. The President had meetings with the Prime Minister and Vice President of the UAE and constitutional monarch of Dubai, Sheikh Mohammed bin Rashed Al-Maktoum, and the […]