Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

ISX to Launch a New System by Next Month

The Director of the Iraqi Stock Exchande (ISX), Taha Ahmed Abdulsalam, said on Saturday that the ISX will launch a new general indicator for shareholders as a result of an increase of quoted companies. “Electronic trading had been applied by 5 companies by April 9, 2009. This number eventually rose to 30, out of which […]

ISX Trading Hits ID584m at Weekend’s Session

The Iraqi Stock Exchange (ISX) trading activities this week hit more than 584 million Iraqi dinars (roughly $499,000) as rates of shares of 13 companies went down and 12 up out of a total 41 firms that traded in today’s session. Some 292 million shares exchanged hands at 584.548 million dinars through 236 deals, with […]

Trade Ministry Activates Role of Commercial Attache`s

The General Manager of Economic Relations in the Ministry of Trade, Hashim Mohammed Hatim, has emphasized the economic role which Commercial Attachés abroad are playing. In a statement issued by the Ministry received by Aswat Aliraq Hatim he said that, ” We have started a broad programme throughout our departments and together with the cooperation […]

Kurdistan Trade Delegation at Paris Conference.

A delegation of Kurdistan traders were to take part on Thursday in an expanded conference in Paris, chairman of the Kurdistan’s exporters and importers union said. “The delegation included 32 traders from Kurdistan region’s provinces; Arbil, Sulaimaniya, Duhuk and will take part in the expanded trade conference, which will begin on Thursday (May 27) in […]

ISX Trading Hits ID684 Million on Wednesday

The Iraqi Stock Exchange (ISX) trading activities hit 684 million Iraqi dinars on Wednesday. Wednesday’s session saw trading over shares of 36 out of 84 electronically-registered firms, 11 of them went down, 13 up while 12 others retained their previous rates. Traded shares hit 430.656 million worth more than 684.624 million dinars ($585,000) through 291 […]

Australian mission finds emerging Kurdistan

The Australia Arab Chamber of Commerce and Industry (AACCI) recently (12-17 April) led a select group of Australian companies to the Kurdish region of Iraq in pursuit of business opportunities. They found an economy, now emerging after decades of isolation and neglect, buoyed by growing foreign investment, supported by oil and gas revenues, and underpinned […]

Iran To Boost Non-Oil Exports To Iraq

Iran plans to increase its non-oil exports to Iraq to US$7.5 billion annually from the current US$4.8 billion, the secretary-general of Iran-Iraq economic development centre said on Sunday. “Iran mainly exports foodstuff and construction materials to Iraq,” Mehr News Agency (MNA) quoted Hassan Danaiifar as saying Sunday. “Currently, over 8,000 tonnes of cement is being […]

Ministry Provides 310 Transformers

The Diala public Company for electrical industries provided a number of ministries and government departments with 310 electrical transformers last April, the Industry Ministry said on Thursday. “The electricity departments in al-Sadr, al-Karkh, al-Shamal, al-Rusafa and Diala have been provided with transformers from the Industry Ministry at a cost of 2.183 billion dinars,” the general […]

First Cash-for-work Programme in Iraq

The World Food Programme (WFP) today launched a cash-for-work programme in Iraq to help some of the poorest sections of Iraqi society earn enough money to pay for food that might otherwise be beyond their reach. “Food insecurity in Iraq is an access problem, not an availability problem,” said WFP Country Director Edward Kallon. “While […]

Venturing into Iraq Requires Significant Expertise

At the ‘Doing Business in Iraq’ conference in Dubai, experts advised that while there are immense potential investment opportunities in Iraq, the legal and regulatory hurdles require significant expertise and in-depth local market knowledge. According to a report in Emirates Business, Iraq’s GDP grew by 4.30 per cent last year and the projected growth for […]