The latest trade & industry news from Iraq – oppportunities,developments and more – brought to you by Iraq Business News
The Iraqi aviation sector is experiencing a surge of demand and is making strides in the development of its infrastructure, fleet and services. “This is an exciting period in the re-establishment of the Iraqi aviation industry,” observes William Wakeham, Managing Director of Anglo Arab Insurance Brokers. Iraq’s Ministry of transportation has recently announced (on March […]
An Indian company has expressed its desire to invest in Wassit, the president of the Wassit Investment Commission said on Monday. “A delegation from an Indian company expressed its interest in implementing investment projects in the housing and agriculture sectors,” Dr. Sattar Jaber told Aswat al-Iraq news agency. “The company presented a request to allocate […]
This month (March 2010), investment permits have been awarded to several projects in Baghdad including companies working in the fields of housing, tourism and hotels. “Eight investment permits have been given to a number of companies. Housing projects were given a priority,” the Investment Commission in Baghdad said in a statement received by Aswat al-Iraq […]
The Iraqi port of Umm Qasr received on Monday for the first time a ship carrying rice for the Trade Ministry, the public relations and media director at the State Company for Iraqi Ports said. “The Panamanian ship arrived at the port carrying 40,000 tons of rice within the ration card contracts,” Anmar al-Safi told […]
Two containers carrying smuggled cars were seized at Umm Qasr Port in Basra province. “Security forces at the port seized the two containers and the eight cars inside them,” a local security source told Aswat al-Iraq news agency on Monday. He said that security forces are tracking down individuals involved in smuggling the containers. ( […]
The State Company for Iraqi Fairs has signed a contract with an Iranian company to hold a trade fair for Iranian products in Najaf next month, the director of the Iraqi company said. “The State Company for Iraqi Fairs signed the contract with the Iranian Maared Mashhad,” according to a trade ministry’s statement, quoting Hashem […]
Local wool has been exported to Iran through the Abu Falous Port in Basra province, the public relations and media director at the State Company for Iraqi Ports said on Sunday. “The Iranian ship Rahmat has landed at Abu Falous Port to transport Iraqi wool to Iran,” Anmar al-Safit told Aswat al-Iraq news agency. ( […]
The Iraqi Stock Exchange (ISX) index this week went down to register 94.8 points with trading worth 3.4 billions Iraqi dinars, compared to last week which registered 97 points. Traded shares this week worth around 3.425 billion Iraqi dinars ($2.9 million) through 1282 deals with non-Iraqi investors completing 175 deals worth 645.615 million Iraqi dinars, […]
The Central Bank of Iraq is planning to rebase the Iraqi dinar but hasn't decided yet on the timing of the move, the bank said in a statement last week. Affirms its commitment to its strategic projects, particularly knocking three zeroes from the Iraqi dinar," the statement said. "Despite the technical and logistical preparations for […]
The U.S. reconstruction team in Diwaniya has held a conference to establish a stock exchange in the province, in cooperation with the local government. “The conference was held at the headquarters of the Diwaniya Chamber of Commerce”, a media adviser in the team, Ahmed al-Quseer, told Aswat al-Iraq news agency. The U.S. team has helped […]
In cooperation with the local government in Diwaniya, the U.S. reconstruction team has opened a factory to manufacture school desks at a total cost of $25,000 U.S. dollars. “The Multi-National Force’s (MNF) U.S. reconstruction team has opened the factory, located at the storehouse of the Diwaniya Education Department in al-Jazaer neighborhood, downtown Diwaniya,” a media […]
Central markets have resumed trading in the holy province of Karbala for the first time since the 2003 U.S.-led invasion of the country, a local official said on Thursday. “We have started to activate central markets, which have been idle for the past years due to the absence of subsidy and a lack of cheap […]
