Archive | Iraq Industry & Trade News

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

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 […]

Turkey Wants to Integrate Iraqi Kurdistan Region Through Economy

With bilateral trade between the Iraqi Kurdistan Region and Turkey reaching US$9 billion, Massoud Barzani, the Kurdistan Region Government President, formerly an enemy of the Turkish government, was invited recently to Turkey for talks on increasing economic integration between the two entities. Lately, relations between Turkey and the Kurdistan Region have calmed significantly, progressing rapidly […]

ISX Up by 0.3% on Tuesday

The Iraqi Stock Exchange (ISX) went up on Tuesday by 0.3% to close at 94.6 points, while trading activities hit 10.572 billion Iraqi dinars. Today’s session saw trading over shares of 35 out of 84 electronically-registered firms, 16 of them went up. Traded shares hit 10.572 billion worth 19.281 billion dinars through 215 deals, with […]

UAE Minister in Arbil to Boost Economic Ties - Official

Foreign Trade Minister of the United Arab Emirates Lubna Khaled al-Qasemi arrived on Tuesday in Arbil in an official visit to foster economic and commercial ties between the UAE and the region, according to an official of the foreign relations department in the region. “President of the region Massoud Barzani received the minister and her […]

Agility's Q1 Profit Falls 52%

Kuwait-based Agility has said its first-quarter profit had dropped 52% and predicted declines in the next four quarters, Bloomberg has reported. Net income fell to KD17.6m ($61m) as revenue dropped 17% to KD127.5m, the firm said. 'Agility is likely to face declining profitability over the course of the next four quarters, as a result of […]

ISX Finishes Week with 0.7% Up

The Iraqi Stock Exchange (ISX) finished this week with an increase of 0.7% to close at 94.7 points as prices of shares of 21 out of a total traded companies went up during Thursday’s session. Some 1.787 billion shares worth 3.214 billion Iraqi dinars (roughly $2.7 million) were traded through 227 deals with non-Iraqi investors […]