A trade exhibition at the southern city of Nasiriya has drawn 50 Chinese firms, a senior provincial official said. “Nasiriya is now playing host to 50 Chinese firms exhibiting various products,” said Ali Fahad, a deputy governor. Nasiriya is the capital of Dhiqar Province, which mainly relies on agriculture as the mainstay of its economy. […]
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
South Koreans Still in Talks for Steel Complex
STX Heavy Industries, a South Korean contractor is still in negotiations with Iraq's industry and minerals ministry over the $3bn contract for a Basra steel mill project, Meed has reported, citing a source close to the deal. Upon completion, the Basra steel mill will have a capacity of 1.2 million-t/y of iron bars; 600,000-t/y of […]
Tags: Industry & Trade, steel
ISX Index Down by 1.8%, Closes at 91 Points
The Iraqi Stock Exchange (ISX) index went down by 1.8% to close at 91 points as trading took place on Tuesday over shares of 37 out of a total of 82 electronically-registered firms. Shares of 9 companies went up, 19 down while 9 others retained their previous rates. The number of shares traded hit 506 […]
Basra OK’s Free Trade-zone with Iran
Basra’s Investment Commission has granted permission to start a free trade-zone area with Iran. “The project was proposed by a local firm,” a source from the commission told Aswat al-Iraq news agency on Tuesday. He said that the firm will invest $16.2 million in the project over a period of 25 years. ( Aswat Al […]
Iranian Fair Opens in Najaf
A 4-day Iranian commercial fair opens in Najaf city on Wednesday, April 14. “Fifty-five Iranian firms will participate in the fair,” a source from the Najaf Chamber of Commerce told Aswat al-Iraq news agency on Tuesday. He said that the Iranian companies are considered specialized in their fields. ( Aswat Al Iraq )
Tags: Industry & Trade, Najaf
Exports to Iraq Double
He pointed out that Iran's exports to Iraq exceed Iran's exports to the UAE. "Iran's export to both these countries in 2008-9 was almost the same Iran's exports to Iraq in 2009-10 doubled compared to the previous year. Masoud Daneshmand, the head of Iran-Iraq Chamber of Commerce, told Iran Daily on Saturday that Iran's exports […]
Tags: Export, Industry & Trade
1st International Commercial Conference Opens in Karbala Karbala, 13 April 2010 ( Aswat Al Iraq )
The first international commercial conference was opened on Monday by the Karbala Chamber of Commerce, with the participation of the Indian ambassador to Baghdad and the Karbala governor. “Our embassy will do its best to improve investment operations in Iraq and Karbala” said the Indian ambassador. “This investment conference is one of a series to […]
Tags: Industry & Trade, Karbala
Iran to Set Up Exclusive Expo in Iraq
Iran's first exclusive fair in Iraq's city of Najaf will kick off on April 14, Iran's commercial attaché to Iraq said. The Islamic Republic of Iran Broadcasting quoted Mehdi Nejatnia as saying that 53 Iranian firms will showcase their latest products and achievements in the fields of food, agriculture, technical and engineering, trade, and medical […]
Tags: Industry & Trade, Iran
ISX Index Down by 0.7%, Closes at 92.7 Points Sunday
The Iraqi Stock Exchange (ISX) index went down by 0.7% to close at 92.7 points as trading took place on Sunday over shares of 29 out of a total of 82 electronically-registered firms. Shares of four companies went up, 14 down while 11 others retained their previous rates. The number of shares traded hit 279.555 […]
174 Permits granted for New Industrial Projects
A National press center authorized resource said that the projects were granted 28 billions, 456 million dinars. He added "the projects cover many different industrial, wooden ,paper , chemical, plastics, construction, basic metal, fabricated metal manufacturing and textile sectors." He pointed "DGID granted 23 certificates to complete the establishment of industrial, condition complied, projects." While […]
Tags: Industry & Trade
Iraq-Turkey Trade Up 50 Percent in Past Year
Trade between Turkey and Iraq increased by 50 percent to $9 billion in 2009, an Ankara official told reporters on Saturday in Erbil, capital of Iraq's autonomous northern region. "The volume of commercial exchange between Iraq and Turkey in 2009 was $9 billion, and in the same year Turkish companies signed investment deals worth a […]
Tags: Industry & Trade
American Used Cars Boom in Iraq
Progress in trading of used cars in Iraq, particularly those imported from USA , is booming because of reasonable prices and easy to repair damage according to a number of local merchants. Salam Mohammed, an importer of these cars declared the market for used cars is growing, pointing out that the repairing of vehicles before […]