The Iraqi Stock Exchange (ISX) trading this week hit 23.252 billion Iraqi dinars (roughly $19.8 million), mostly through deals over the North Bank as new members joint its board of directors. The national capital market traded over 13.133 billion shares worth 23.252 billion dinars through 1215 deals with non-Iraqi investors grabbing 88 purchase deals worth […]
Author Archive | adrianshaw
Iraqi Capital Migration and the Call for Investment
There are no precise statistics about the volume of Iraqi capital which has been transferred outside Iraq by businessmen and by migrating Iraqi citizens. Emad Kadhim who works as a textile salesman talked about the problem saying this phenomenon started with the beginning of Iraqi-Iranian war and its aftermath. He added that it increased after […]
CBI Sells $737 Million This Week
The Central Bank of Iraq (CBI) dollar sales in auctions for this week increased slightly to $737.394 million compared to $735.659 million last week. “The demand hit $26.760 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, compared to last week’s $34.230 million, while foreign transfers outside the country registered […]
Tags: CBI, Iraq Banking & Financial News
LESSON 2: ASKING DIRECTIONS
After meeting an Iraqi man, Ustaath Karim, on the street in Baghdad, Ryan wants to ask for directions. Ryan: Tigdar tgulli wehn finduq Baghdad, bya shari’? Qariib minna? راين: تِگدَر تگولي وین فِندُق بَغداد بيا شارِع؟ قریب منا؟ Ryan: Can you tell me where Baghdad Hotel is, on which street? Is it close to here? […]
Iraq, France Sign Deal for 7 Aerial Crop Sprayers
The Iraqi agriculture ministry signed a deal with France on Thursday to purchase seven aerial crop sprayers, according to a ministry press release. “The deal is worth $30 million,” read the release as received by Aswat al-Iraq news agency. “The contract also included training Iraqi pilots and technicians in France for the flying and maintenance […]
Free Hotline for Child Rescue in Kurdistan
As part of its agreement with the Ministry of Labor and Social Affairs in the Iraqi region of Kurdistan, Asiacell, the large private Iraqi company announced the launch of the first free hotline for the Children's Rescue Center in coordination with United Nations Children's Fund (UNICEF), in an effort to aid abused children in the […]
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 […]
CBI Sells $124m on Thursday
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $124.190 million in its daily auction on Thursday, compared to $169.100 in the previous session. “The demand hit $1.710 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $122.480 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
Final Draft of Maritime Authority Act
Iraq Minister of Transportation Amer Abdul Jabbar Ismail approved Maritime Authority Act final draft in order to organize and develop the marine sector and to keep pace with international agreements in regards of security, safety as well as environment protection and to adopt international standards for employees. ( Al SumariaTV )
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 […]
Tags: Industry & Trade
Kurdistan Full of Promising Investment Opportunities
According to a report from Aswat Al Iraq, Emirati businessmen said that there are promising investment opportunities in Kurdistan region, mainly in tourism, real estate, oil and agriculture sectors. A total of 41 Emirati businessmen and economic figures took part in the trade forum held in Erbil, with the participation of Prime Minister of Kurdistan […]
Tags: Investment