Salah Al-Deen state company, one of the industry and materials ministry companies disclosed the arrival of two plastic injection machines in April to manufacture plastic cans for the Samara medicine factory. The acting company manager, Hamood, said that a technical committee is checking two big injection machines, to confirm that they meet specifications. Hopefully, the […]
Tag Archives | Industry & Trade
The latest trade & industry news from Iraq – oppportunities,developments and more – brought to you by Iraq Business News
Turkish Firms Discuss Strategic Projects in Karbala
Turkish firms met with the local government in Karbala to discuss setting up strategic projects in the holy city, according to the deputy chief of the provincial council on Sunday. “The Karbala provincial council received a delegation representing a consortium of Turkish companies and discussed ways to establish projects in the city,” Nassif Jassem al-Khatabi […]
Tags: Industry & Trade
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 […]
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
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
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
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 […]
Minister Discusses Growth with Mill Owners
Proxy trade minister, Safa' Al-Deen Al-Safi, received a number of flour mill owners and discussed details of the new contract. He emphasised the importance of the private sector in developing production and his intention to support production of high quality flour to standards that meet the needs of citizen and state. National media center stated […]
Tags: Industry & Trade, Ministry
Iran Trade With Iraqi Kurdistan to Expand
Iran and Iraq's Kurdistan Regional Government (KRG) agreed to increase bilateral trade in the current year, a Kurdish official announced on Monday. "The volume of trade between Iraqi Kurdistan and Iran will increase to $4 billion this year," a member of the Iraqi Kurdistan's Legislative Council, Feiz Ali Khorshid, told Fars News Agency. The meeting […]
Tags: Industry & Trade
KIC Calls for Indian Trade
The Karbala Investment Commission has called for the establishment of an international center to exchange goods with India, media spokesman for the commission said on Tuesday. “The center will concentrate on exchanging goods and products between Iraq and Indian companies, which took part in the investment conference in Karbala,” Raed al-Asali told Aswat An investment […]