CNN has produced a new video report on the development of Kufan Group's Basra Logistics City, which occupies the site of the former Camp Bucca [Boca] near Umm Qasr. (Source: CNN)
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
SAP Recruits New Iraq Executive
Business software provider SAP has recruited a new senior executive to drive business development across Iraq, according to Trade Arabia. Mohammed Al Najjar, IT consultant and entrepreneur, will spearhead the new venture. “Iraq is of considerable strategic importance to SAP, and we are honoured to be at the forefront helping the country embrace IT innovation […]
Tags: SAP
Iraqi Deputy PM Invites Indian Companies
Iraq has invited Indian companies to take part in its reconstruction programme either independently or through joint ventures with local partners, reports the Hindu Business Line. Iraqi Deputy Prime Minister, Dr Rowsch Shaways (pictured), told the Indian Minister of Commerce, Industry and Textiles, Anand Sharma, that India is committed to deepen its relations with Iraq: […]
Jordan/Iraq Discuss Oil Pipeline, Rail Link
Jordan's Prime Minister, Awn Khasawneh (pictured), has called for practical steps to extend an oil pipeline between Iraq and Jordan and to connect the two countries by rail, according to the Jordanian news agency Petra. During a meeting with Iraq’s planning minister Ali al Shukri, Khasawneh stressed the need to facilitate the movement of people […]
Tags: Jordan
DHL Hosts Event to Discuss UAE Trade Lanes to Iraq
DHL, the world's logistics company, hosted a special 'Partners in Trade' event on the importance of the Iraq and Afghanistan trade lane to customers in the UAE, as part of its continued efforts to facilitate and capitalize on regional trade lane relationships and partnerships. The event, which took place at Dubai's iconic Emirates Towers Hotel, […]
Australia Supports Taking Iraq Out of Chapter VII
The Australian ambassador to Baghdad, Lyndall Sachs (pictured), said her country supports the lifting of United Nation's Chapter VII sanctions on Iraq, a decision on which is expected to be made by the UN Security Council in June. Sachs said: "My country has good relations with Iraq, in particular [because] it received the largest Iraqi communities […]
Iraq Seeks up to $700bn Investment in Infrastructure
Sami al Araji, chairman of Iraq's National Investment Commission (NIC), has told a business audience in New Delhi that his country needs $500-$700 billion in investment to rebuild its infrastructure. Araji compared the opportunities in Iraq to "Germany after the Second World War", adding, "our message to the world is that we are open for […]
First Lithuanian Delegation Visits Kurdistan
The first official and business delegation from Lithuania has visited the Kurdistan Region to meet with local officials and explore potential areas of cooperation. The large group was headed by the Lithuanian Vice-Minister of Economy, Mr Daumantas Lapinskas, and included the Vice-Minister of Agriculture, Mr Mindaugas Kuklierius, and the Deputy Director of External Economic Relations […]
Japan Pledges $530m in Loans to Iraq
AFP reports that Japan is to offer $530 million in loans to Iraq, in part to help rebuild oil refineries, as Tokyo seeks to diversify fuel supplies after the tightening of sanctions on Iran. A Japanese foreign ministry spokesman said that loans totalling 42.5 billion yen have been pledged to Baghdad to aid four infrastructure […]
Tags: Japan
Industry Ministry Creates Nanotechnology Dept
Iraq's Ministry for Industry and Minerals has created a new department specialising in nanotechnology, according to Aswat al-Iraq. This department will provide information and ideas to all researchers inside the country and abroad, and will be affiliated with the Industrial Research Directorate. The Directorate has 8 research centers in a variety of industrial fields, including […]
Tags: nanotechnology
5 Traffic Helicopters Arrive in Kurdistan
The Kurdistan Regional Government (KRG) has taken delivery of five helicopters to help control traffic, says Aswat al-Iraq. We bought helicopters to develop the traffic system in the region and to use the modern technology to tackle the all traffic problems, The Kurdistan Region has seen a steady increase in the number of victims of […]
Saudis Appoint First Envoy to Baghdad in 20 Years
Saudi Arabia has named an ambassador to Baghdad for the first time since Saddam Hussein invaded Kuwait in 1990, Iraqi Foreign Minister Hoshiyar Zebari (pictured) told Reuters on Tuesday. "This is a very positive development," he added. A Saudi Foreign Ministry spokesman said: "We nominated our ambassador in Jordan [Fahd al-Zaid] as ambassador for Iraq […]
Tags: Saudi Arabia