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 […]
Tag Archives | Industry & Trade
The latest trade & industry news from Iraq – oppportunities,developments and more – brought to you by Iraq Business News
Tags: Industry & Trade, science
Symposium to Discuss Trade, Investment in Karbala
The Chamber of Commerce in Karbala has held a symposium to discuss trade and investment in the province, the chamber’s head said on Wednesday. “The symposium included a number of officials and traders, as well as parliamentarians, local government members and more than 60 Iraqi traders,” Nabeel al-Anbari told Aswat al-Iraq news agency. The symposium […]
Tags: Industry & Trade
ISX Up 1.2%
The Iraqi Stock Exchange (ISX) index went up on Tuesday by 1.2% to close at 99 points as 13 out of a total of 37 quoted shares traded during today’s session went up. 10 companies’ shares went down, while 14 retained their previous prices. The number of traded shares hit 7.285 billion worth over 8.597 […]
Tags: Industry & Trade
Khuzestan Exports $421m to Iraq
In the eleven-month period ending February 19 over 1.5 million tons of goods worth some $421 were exported to Iraq from Khuzestan Province, southwest of Iran. The director of Khuzestan Province Customs Administration, Abbas Alidadi, told ISNA news agency that the goods are 216 percent heavier and 127 percent more in value compared to the […]
Tags: Industry & Trade, Iraq
24 hour Traffic Lights
The Director-General of Kindi State Company, Engineer Yousef Hussein Yousef, said that his company has developed a system of traffic light signals which work on power and solar energy, which enable it to work for 24 hours without interruption. This system is distinguished by low price, compared to imported ones, with little consumption of electrical […]
Tags: Industry & Trade, Traffic Lights
Basra a Focus for Sweden and Norway
Delegations from the embassies of Sweden and Norway met with the governor of Basra last week to discuss investment opportunities in the province, according to Aswat Al Iraq. The joint delegation, led by the Swedish ambassador to Iraq, expressed the readiness of companies from both countries to contribute to large projects in the province. (Source: […]
Tags: Basra News, Industry & Trade
Supplementary Budget May Be Allocated for Ration Cards
The Iraqi Ministry of Trade said that this year’s allocations for ration card items are insufficient, adding that a supplementary budget might be provided for this purpose. “A total of $2.9 billion U.S. dollars has been allocated for rations cards from the 2010 budget,” Trade Minister Safaa al-Din al-Safi told Aswat al-Iraq news agency. “A […]
Tags: Industry & Trade
Ministry of Industry & Minerals Signs MoU with Korean Firm to Build Iron & Steel Plant
The Iraqi Ministry of Industry & Minerals signed a memorandum of understanding with South Korea’s STX to build an iron and steel plant that will operate at a capacity of 3 million tons at a cost of $3 billion, according to a press release on Sunday. “Negotiations took place with the South Korean company to […]
Tags: Industry & Trade
Paris Urges Firms to Set Up Shop in Iraq
Following last week's positive statements from France's Ambassador to Iraq, France's Industry Minister Christian Estrosi urged French companies to open offices in Iraq and claim a share of the lucrative investment opportunities in the country. He added that the French government will open a major agricultural centre in Kurdistan to train workers in the agricultural […]
Tags: Industry & Trade
Ministry Should Pay Merchants
Iraqi Trade Ministry is in debt to merchants who supplied the Ministry with food items related to the ration card system. “This issue would negatively affect the ration card system,” Falah Kamona, head of the Iraqi Chamber of Commerce, told Aswat al-Iraq news agency on Friday. He said that the Ministry has been in debt […]
Tags: Industry & Trade
Iraq to Import 3 Million Tons of Wheat
Iraq’s Cereals Council said today that Iraq is expected to buy 3 million tons of wheat this year, the same quantity it exported last year. Iraq will also import about a bit more that 1 million ton of rice this year, i.e. a small increase comparing with 2009 exports. Iraq is diversifying its wheat provider […]
Tags: Industry & Trade, Wheat
KBR Posts 4th-quarter Decline As Work Winds Down
Engineering and construction company KBR Inc. said Thursday that its fourth-quarter earnings fell 17 percent as U.S. military work in Iraq declined and some contract fees were reversed, and it trimmed the low end of its full-year outlook. Profit for the fourth quarter slid to $73 million or 45 cents a share, from $88 million, […]