In Iraq’s Mosul, a wholesale market revives trade legacy

An Iraqi salesman waits for customers at the entrance of a shop at the Al-Bursa wholesale market in Mosul. The city has been a commercial hub for centuries. (AFP)
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Updated 06 December 2020
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In Iraq’s Mosul, a wholesale market revives trade legacy

  • Even after the guns fell silent, many families hesitated to return as the city lacked services

MOSUL: Mountains of kitchen supplies, back-to-back butchers: the historic wholesale market in Iraq’s Mosul is battling the odds — from extremists to epidemic — to revive the city’s reputation as a trading hub.

The northern city was a commercial hub for centuries, strategically located along transport routes linking Baghdad to the south, Syria to the west, Turkey further north and Iran in the east.

Thirty years ago, Mosul opened a bulk market known as “Al-Bursa,” whose shops sold food, homeware and other goods directly to consumers as well as to smaller shops.

“The market raked in around $12 million every month,” said economist Mohammad Naef, a native of Mosul.

But those golden days came to a screeching halt in 2014, when the Daesh group began a brutal reign over Mosul that ended in 2017 after months of fierce fighting.

West Mosul, where Al-Bursa lies, was left in ruins — but its entrepreneurial residents have worked hard to revive it.

The first to return was young Abdallah Mahmud, 27, who sells cleaning supplies and is proud of Al-Bursa’s heritage. “The Bursa opened in 1990 and as the years went by, these simple little shops became the most important market in the whole province,” he said.

Of the 500 shops there in 2014, around 300 have already reopened with individual financing, he said.

The level of trade has made an impressive recovery but has yet to reach previous levels.

“Today, Al-Bursa’s monthly transactions cap at between 8 to 10 million, as many businessmen fled and never came back,” said Naef.

Mosul and the broader Nineveh province saw the highest rates of displacement during the war against Daesh.

Even after the guns fell silent, many families hesitated to return as large parts of the city still lacked key services including water, electricity or schools.

Al-Bursa represents a return to normalcy.

“Residents started to return, and it helped bring life back to the whole area,” said Obeida Al-Aysha, another 27-year-old trader who frequents the market.

On any given morning, shoppers flood Al-Bursa on foot, in cars or by motorcycle to pick up everything from children’s toys to coffee or freshly ground spices.

Customers say it is a one-stop-shop for all their needs, but wholesalers find it convenient, too.

“It saves me crazy amounts of time and tons of energy. Before, I had to go sell at each of the little markets in the towns outside of Mosul,” said farmer Khalaf Oweid.

“Now, I come here early in the morning and the owners of the little shops all come to me to stock their own stalls. I don’t have to put myself out like before.”

Yunes Abed, 50, shops at Al-Bursa to stock his food store in the city’s west.

“I can find everything here, but some shop-owners still haven’t returned,” Abed said, adding they were hoping to be compensated for assets lost in the war.

Mosul’s residents have applied for compensation from the government for homes, cars and storefronts destroyed in fighting, but few have been reimbursed in three years. Indeed, some 200 of Al-Bursa’s original shops remain abandoned, their metal doors still blown off and pockmarked walls tagged with graffiti.

“Why this destruction?” reads one message scrawled in black on a collapsed concrete beam near Al-Bursa.

Shopkeepers are also struggling to compete with cheaper, mass-produced imports from Iraq’s neighbors, including Turkey.

Daesh’s takeover of Mosul and surrounding farmland in 2014 cut off farmers and local producers from the Iraqi market, creating a gap that Turkish goods swiftly filled.

“About 90 percent of the products available now at Al-Bursa are imported,” estimated one of the district’s businessmen, 42-year-old Ahmad Al-Shammary.

And, of course, there is the economic slowdown caused by the novel coronavirus and the collapse in oil prices, which slashed the state’s monthly revenues.

With government coffers drained, Iraq’s 4 million public sector workers have seen wages delayed by weeks at a time.


Saudi minister at Davos urges collaboration on minerals

Global collaboration on minerals essential to ease geopolitical tensions and secure supply, WEF hears. (Supplied)
Updated 20 January 2026
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Saudi minister at Davos urges collaboration on minerals

  • The reason of the tension of geopolitics is actually the criticality of the minerals

LONDON: Countries need to collaborate on mining and resources to help avoid geopolitical tensions, Saudi Arabia’s minister of industry and mineral resources told the World Economic Forum on Tuesday.

“The reason of the tension of geopolitics is actually the criticality of the minerals, the concentration in different areas of the world,” Bandar Alkhorayef told a panel discussion on the geopolitics of materials.

“The rational thing to do is to collaborate, and that’s what we are doing,” he added. “We are creating a platform of collaboration in Saudi Arabia.”

Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources 

The Kingdom last week hosted the Future Minerals Forum in Riyadh. Alkhorayef said the platform was launched by the government in 2022 as a contribution to the global community. “It’s very important to have a global movement, and that’s why we launched the Future Minerals Forum,” he said. “It is the most important platform of global mining leaders.”

The Kingdom has made mining one of the key pillars of its economy, rapidly expanding the sector under the Vision 2030 reform program with an eye on diversification. Saudi Arabia has an estimated $2.5 trillion in mineral wealth and the ramping up of extraction comes at a time of intense global competition for resources to drive technological development in areas like AI and renewables.

“We realized that unlocking the value that we have in our natural resources, of the different minerals that we have, will definitely help our economy to grow to diversify,” Alkhorayef said. The Kingdom has worked to reduce the timelines required to set up mines while also protecting local communities, he added. Obtaining mining permits in Saudi Arabia has been reduced to just 30 to 90 days compared to the many years required in other countries, Alkhorayef said.

“We learned very, very early that permitting is a bottleneck in the system,” he added. “We all know, and we have to be very, very frank about this, that mining doesn’t have a good reputation globally.

“We are trying to change this and cutting down the licensing process doesn’t only solve it. You need also to show the communities the impact of the mining on their lives.”

Saudi Arabia’s new mining investment laws have placed great emphasis on the development of society and local communities, along with protecting the environment and incorporating new technologies, Alkhorayef said. “We want to build the future mines; we don’t want to build old mines.”