The Karbala governor has opened a modern butcher’s shop in the city, which was constructed by a local company at a total cost of 1 billion Iraqi dinars, a media spokesperson said on Saturday. “The shop is located on the main road between Karbala and Najaf,” Zaheer Majli told Aswat al-Iraq news agency. “The butcher’s […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Tags: Industry & Trade
Oil Supply Surge, Price Drop in Iraqi Auction
“In this scenario, the role of Iraqi supplies may be more of a brake on rising prices than a catalyst to a lower price path,” the report explained. “In any case, the Iraqi auction clearly opens the door for a careful review of the conventional wisdom on the outlook for oil prices over the next […]
ISX Higher at 96.7
The Iraqi Stock Exchange (ISX) index went up on Wednesday by 0.2% to close at 96.7 points. Thesession saw shares of 36 out of a total 82 electronically-registered firms exchanging hands. Shares of 13 companies went up, 15 down and eight retaining their previous rates as more than 4.824 billion shares were traded at 12.202 […]
Tags: Industry & Trade, stock
11,000 Tons of Wheat Arrives in Karbala
Around 11 thousand tons of wheat arrived in Karbala province on Tuesday, said a member of the Karbala Provincial Council. “The wheat is imported from Australia,” Tareq al-Kheqani told Aswat al-Iraq news agency. He said that flour will be distributed to people in Karbala within one week to push down an increase in flour prices […]
Tags: Industry & Trade, Karbala
ArcelorMittal Plans Steel Plant in Kurish Iraq
The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen. ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen to build a steel mini-mill with electric furnace in Sulaimaniyah," a city in […]
Tags: Industry & Trade, Kurdistan News
Diala Co. Achieves Revenues of $3.7m
State-run Diala Company for Electrical Industries achieved revenues of around $3.7 million during Feb. 2010. This came in a release on Tuesday issued by Iraqi Industry Ministry and received by Aswat al-Iraq news agency.
Tags: Industry & Trade
German Envoy Meets Businessmen in Basra
The German ambassador in Iraq has arrived in Basra province and met with a number of local businessmen, the head of the Businessmen Union in the province said on Saturday. “Accompanied by some of his advisors, the German ambassador, Paul von Maltzahn, arrived on Saturday in Basra and met with a number of businessmen and […]
Tags: Basra News, Industry & Trade
KRG's UK Representative Announces London Trade and Investment Conference
The High Representative to the UK on Wednesday announced that a major conference will take place in London in June this year to promote international trade and investment in the Kurdistan Region in Iraq. Ms Bayan Sami Abdul Rahman said, “The conference, which has the full support of Prime Minister Barham Salih, gives international companies […]
Tags: Industry & Trade
Najaf Book Fair Opens
Najaf’s third book fair opened on Friday (March 12) with the participation of Arab and foreign publishing houses, a local official said. “Tomorrow, the Cultural Affairs Department in Najaf will open the largest book fair in the province…,” the head of the intellectual and cultural affairs department in the province, Jihad al-Hassani, told Aswat al-Iraq […]
Tags: Industry & Trade, Najaf
Cement Public Company Signs Rehabilitation Contracts
Cement Public Company affiliated to Iraq Ministry of Industry and Minerals said that the ministry signed many contracts with Iraqi and international companies in order to renew cement facilities in Iraq and to increase their productivity. A source in the company said that the ministry signed a contract with Al Massira Iraqi Company to rehabilitate […]
Tags: cement, Industry & Trade
Furnaces and Compressors saught
The Iraqi Ministry of Industry has signed an investment contract to purchase rotary furnaces for its factories. The Ministry also received air compressors that have been installed and are operational. (Aswat Al Iraq)
Tags: Industry & Trade, Ministry
Academic Warns of Hammour Extinction
An Academic warned on Wednesday of the extinction of Hammour fish in Iraqi territorial waters and in the Gulf. “The sea sciences center of the Basra University has adopted several precautionary measures to increase the number of Hammour,” the center’s media official, Hashem Zaki, told Aswat al-Iraq news agency. “The center will work on increasing […]
Tags: Industry & Trade, science