GlobEnterprises.com
Title
Globe Enterprises
Description
AL-AZAL Trading Co. Ltd. Was established in Iraq in 1988 as a private limited company by it’s founder Engineer Raifet Al-Hamdani, an engineer by profession turned businessman with foresight named the company “AL-AZAL” – an Arabic word meaning ‘Eternity’. The company’s investment in the subsidiaries now stands to USD25 million.
AL-AZAL since 1990, after the imposition of the U.N. embargo and economic sanctions on Iraq, has engaged all its wits and guts in securing soft loans through friendly countries for purchases of food-grains, food, health related items, medicine and items of civil needs to Iraq by U.N. permission.
1994’s turnover was above USD 100 million and 1995-1997 was USD148 million, by sourcing and supplying of food, medicine and health related products, irrigation equipment and other items of civil need to Iraq.
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