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    How Startups Are Redefining Food Security in the Middle East

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    Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

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    UAE Enhances My FarmWell App to Support Sustainable Agriculture

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    Qatar’s Largest Hydroponic Farm Pioneers Sustainable Agriculture

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    Oman Strengthens Leadership in Marine Conservation and Sustainability

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    Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

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    How Strategic Investments, Technology, and Finance Are Reshaping Agriculture

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      Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

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      Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

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      Iraq’s Development Road: A New Contender in Global Trade Routes?

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      UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

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      Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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        Steady Growth Ahead for Oman’s Construction Sector on the Back of FDI and Infrastructure Investments

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        Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

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        Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

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        Saudi Arabia Launches First Tender for Expo 2030 Construction Works

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        Oman Launches $103 Million Tender for Salalah’s Spray Boulevard Project

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        Oman Launches $122 Million Izki–Nizwa Road Dualisation Project

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        Iraq Launches $400–600M Tender for Baghdad Airport Development

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        Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

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        Construction Underway on Iraq’s Tallest Twin Towers in Baghdad

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          Iraq Accelerates Solar Energy Expansion in Public Sector

          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

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          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Iraq Aims for 12 GW of Renewable Energy by 2030

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          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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            Qatar’s Health Spending Set to Climb 14% by 2029

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              Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

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              Oman Awards Over $600 Million in Contracts for Tourism Expansion

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                        Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

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                        Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

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                        Iraq’s Development Road: A New Contender in Global Trade Routes?

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                        Saudi Arabia’s PPR Pipes Market to Reach 34,119 Tons by 2033, Driven by Sustainability, Infrastructure Expansion, and Water Conservation Efforts

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                        UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

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                          Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

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                          Saudi Arabia Launches First Tender for Expo 2030 Construction Works

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                          Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

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                          Construction Underway on Iraq’s Tallest Twin Towers in Baghdad

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                                Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

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                                Oman Awards Over $600 Million in Contracts for Tourism Expansion

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                                      Home Business & Economy Economy

                                      Iraq imports 70% of its needs

                                      Azzaman

                                      November 26, 2012
                                      in Economy, Trade
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                                      Iraq imports 70% of its requirements from the foreign countries, especially neighboring states, said the head of the Iraqi Chamber of commerce Jaafar al-Hamadani.

                                      Although Hamadani did not mention that how much the imports cost the treasury but they are guessing to engulf more than half of the county’s oil revenues.

                                      Hamadani stated this following with his Egyptian counterpart, Ahmad al-Wakeel, who is visiting the country in order to enhance the mutual trade exchange.

                                      Hamadani also assured that they did not tolerate any obstacles, which come between the trade with Egypt and Egyptian goods.

                                      Baghdad dealers say that more than 1000-km long international border with Iran is open for the flow of goods ad people and the range and volume of Iranian exports has rushed forward dramatically in the past few months.

                                      A Baghdad shopkeeper, Jassim Hussein said that Iranian goods, including food items, fruits, vegetables and also industrial products are cheap and available even to the low-income Iraqis.

                                      Though some traders have complaints about some low quality Iranian good, but Wisam Hassan and another shopkeeper denied this saying that the low quality do not come from Iran but from China or other countries.

                                      Hassan was presenting a picture in front of the reporter of how affordable the imported goods for Iraqis are. He said that he was selling 1 kilogram of Iranian tomatoes for 250 dinars, approximately 10 U.S. cents, or a dime.

                                      The economist Isam al-Mahaweeli believes that the trade with Iran is in Iraqis’ benefit and so the government should not stick to western sanctions on Tehran. He also added that Iraq has got ample faith on its neighbour countries than that of the western countries. In the meantime, the country should not mix the politics with trade. Sanctions against Iran are unfair and that certainly creates problem for the ordinary people of Iraq instead of government.
                                      Azzaman
                                      26 November

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