Archive | 10th March 2013

Mosul’s Automotive Alchemist turns Vintage Cars into Gold

By Saleh Elias. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An old Mosul mechanic is shocking locals by restoring scrapped, vintage cars and making lots of money. The aging mechanic even talks to the vehicles to […]

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US-Sponsored Microscholarship Program Celebrates Grads

On March 2, 2013, the U.S. Embassy with implementing partner Iraqi Green Peace Organization (IGPO) celebrated the graduation of 48 English Access Microscholarship Program scholarship recipients. Deputy Chief of Mission (DCM) Douglas Silliman and Mr. Samir Al‑Badrawi, Director of IGPO, congratulated the graduates and presented their certificates of completion. Dr. Mahdiya Abed Hasan, Baghdad Council […]

Iraq to Pay $60m to Egyptian Workers

By Matthew Gayle. Egyptian Prime Minister Hesham Qandil has announced that a settlement has been made on the unpaid pension funds worth $60 million for Egyptian workers that once worked in Iraq. According to the Egypt Independent, over 450,000 Egyptian families will benefit from the settlement. The settlement was reached during a high-level meeting between […]

$13m Detained Ceylon Tea Arrives In Iraq

By Matthew Gayle. According to Lanka Business Online, approximately 100 containers of Ceylon tea from Sri Lanka started arriving in Iraq two weeks after a meeting between trade and commerce ministers from both countries. The containers, worth an estimated $13 million, were detained at the Iraq-Kuwait border, Aqaba Free Trade Zone of Jordan, and Umm […]

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Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th March 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,674 / $1,811 (-1.1%) (weekly change). The number of week traded shares was 39.8bn and the weekly trading volume was ID41.2bn ($34.3mn).   ISX Company […]