KBR Inc, a U.S. engineering company, reported a 40 percent drop in quarterly profit on Thursday as its work in Iraq wound down and spending by many of its energy industry clients remained subdued.
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Tags: KBR Inc
Value of Iran’s Exports to Iraq Likely to Exceed $8 Billion
The value of Iranian exports to Iraq is expected to exceed $8 billion this year, Iranian embassy’s commercial attaché in Baghdad said. Ali al-Haydari said Tehran’s trade and commercial links with Baghdad boomed shortly after the overthrow of the former regime by the U.S. in 2003. The exchange of trade was a trickle under former […]
France is top investor in Iraq
Al-Dabbagh noted that "French companies have had a clear role in developing the economic and investment reality during the last period followed by the United States, Iran, and Britain, especially with regard to housing, construction projects and commercial goods.
Tags: France, Investment
Germany Opens Economic Office in Sulaymaniyah Next Month
Germany's consul in Iraq's Kurdistan region, Oliver Schnackenberg, announced that a German economic office will be opened in Sulaimaniya next month. The Governor of Sulaimaniya, Behrouz Mohamed Saleh, discussed the plan, and its role to support and promote business between Germany and the region, during his meeting with Schnackenberg. He also requested that the German […]
Tags: Industry & Trade
Umm Qasr Port Receives Ship Carrying 2650 Cars
Umm Qasr received a ship carrying 2650 cars
Fee Exemption for Jordan Certificates of Origin
Iraq’s embassy in Jordan on Wednesday issued new regulations that entail exempting Jordanian made products from the fees charged for ratifying the certificate of origin, bills and related documents as of April 14, according to a statement issued by the Ministry of Industry and Trade. The regulations are in line with decisions of the Economic […]
Tags: Finance, Industry & Trade
Al Fida’ Reopens Factories
Al Fida’ Public company affiliated to the Ministry of Industry has reopened a number of its factories after they had been destroyed and stolen in 2003. The company specialized in manufacturing hydraulic systems receiving subsidies from the ministry with a value of $6 billion. Meanwhile, the different state directorates wait to sign supply contracts. ( […]
Tags: Industry & Trade
Turkish Industrial Fair in Basra
A 4-day international fair for Turkish industries has opened on Monday at Basra Airport.
Tags: Investment, Turkey
Berham Salih Seeks Opening Free Trade Turf Between Turkey and Kurdistan
Kurdistan president, Dr. Berham Salih, discussed the double relations between his region and Turkey, and ways to develop reinforce these relations with the Turkish consul in Erbil. According to a press statement issued by the region government, the two sides discussed opening the airway between Sulaimania, Erbil and Turkey to improve travel for citizens, companies […]
Kirkuk Cotton Gin Underway
Nine stages of the reconstruction and development of a cotton gin project in Kirkuk have been finalized, according to an official source. “Nine stages of the project have been finalized at a total cost of 12 billion Iraqi dinars,” Farouq Bakr told Aswat al-Iraq news agency. “The gin’s daily capacity will reach 180 tons,” he […]
Tags: Industry & Trade
Iran Exports to Iraq to Top $8bn
Iranian exports to Iraq will exceed $8 billion in 2010 - up from $6 billion in 2009 -boosted by equipment and materials for the war-damaged country's reconstruction
Russian Flour Ship Reached Um Kaser Port
The Public Company for Cereals Trade said that a ship loaded with 52.5 tones of Russian flour had reached Um Kaser port. The shipment falls within the framework of the Ministry of Trade Flour imports. The company representatives in Um Kaser will transport the load to the port silos and the flour will be distributed […]