Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The Defense Security Cooperation Agency [DSCA] notified Congress today [September 24, 2010] of a possible Foreign Military Sale to Iraq of contractor logistics support for Mobile Communications Centers and associated parts and equipment for a complete package worth approximately $57 million. The Government of Iraq has requested a possible sale of contractor technical support for […]
In the Iranian first half-year (starting March 21) $443 million [530 billion Iraqi dinars] worth of goods were exported to Iraq through border crossings in Iran’s Kermanshah Province. ISNA news agency cited a report by Kermanshah Customs Administration stating that the exported items included cement, fish, dairy products, vegetables, fruit, and confectionary and aluminum retainers. […]
The Pentagon issued a proposal on Monday to sell weapons worth $4.2bn to Iraq, including 18 F-16 fighter aircraft, Sidewinder air-to-air missiles, laser-guided bombs and reconnaissance equipment, according to a report from the Financial Times. The Pentagon said the proposed arms sales would make Baghdad “a more valuable partner in an important area of the […]
Iraq inaugurated the first of its fleet of new US-built patrol boats on Sunday, part of the effort to boost its naval capacity and secure key oil platforms ahead of the American pullout next year, according to an AFP report. The rapid build-up of the Iraqi navy is seen as crucial to protecting the terminals […]
Iraq's preliminary budget proposal for the next year is $86.4 billion [101 trillion Iraqi dinars], based on a world oil price $70 a barrel, Deputy Finance Minister Fadhil Nabi has told Reuters. Iraq's Finance Minister, Baqir Jabur al-Zubaidi, will present the budget to the cabinet this week. According to Iraqi law, the annual budget must […]
The investment outlook in Iraq will be probed at a key summit in Bahrain. In its ongoing commitment to provide intelligent market analysis for the region in a frank and open forum, Economist Conferences, part of The Economist Group, will host the Iraq Business and Investment Summit. It will be held at the Ritz-Carlton Bahrain, […]
Egyptian private- and public-sector officials have criticized the Foreign Ministry's seeming disregard for demands by the Trade Ministry’s Trade Representation Agency for US$1.1billion in compensation to be paid out to Egyptian companies and workers in Iraq as part of the UN's longstanding Oil-for-Food Program, according to a report in Al-Masry Al-Youm. Egyptian companies operating in […]
Momentum Logistics, the Sharjah-based third-party logistics (3PL) service provider and subsidiary of international port management company, Gulftainer, has officially opened its new office in Erbil. The new office will allow Momentum to react more efficiently to the daily needs of its clients. Erbil is the management centre of the Northern Iraq's oil industry, and Momentum […]
Francisco Sánchez, Under Secretary of Commerce for International Trade, will lead a historic trade mission to Baghdad, Iraq, in October. Sánchez will accompany representatives from 14 U.S. companies on the department’s first trade mission to Iraq since the end of the U.S. combat mission in Iraq. “The U.S.-Iraq bilateral relationship is entering a new phase […]
By Bayan Sami Abdul Rahman, Kurdistan Regional Government High Representative to the UK The Lib Dems are proud of their internationalism. It was one thing to oppose the intervention in Iraq and to continue as mistakes after the fall of Saddam were laid bare, but Iraqis like myself are keen to see your party develop […]
Basrah is central to the biggest oil and gas projects that will be taking part in Iraq over years to come and in order for contracts to go ahead, approval and consent is needed from the local authorities for projects to commence. Iraq Mega Projects 2010 Conference & Exhibition, taking place in Istanbul, Turkey, on […]
Iraq's core annual inflation rose to 1.9 percent in August from 1.7 percent in July, according to Reuters, quoting an official at the Central Bank. "The core inflation is stable, this is a normal rise due to the increase of food prices during the month of Ramadan," sais Mudher Kasim, a senior adviser in the […]
