Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
“The problem in Iraq is that 90 percent of the wealth of the nation is in the hands of the government. So centralism always dominates the mindset everywhere,” The economy is still largely disconnected from the global financial system and is dominated by oil.
The pavilion will exhibit a model of the Hanging Gardens of Babylon, one of the ancient Seven Wonders of the World.
The Iraqi port of Umm al-Qasr on Thursday received a merchant ship carrying 16,000 tons of sugar, the public relations and media director at the State Company for Iraqi Ports said. “The port received a Liberian ship carrying 16,000 tons of sugar,” Anmar al-Safi told Aswat al-Iraq news agency. “The port received also a Panamanian […]
The Iraqi Stock Exchange (ISX) on Wednesday launched its new indicator after the number of appointed companies increased to 40. “The IEX launched a new general indicator after the increase of the appointed companies to 40, including the seven sectors listed in the ISX,” the ISX said in a statement received by Aswat al-Iraq news […]
Leading High Risk Insurance Specialist Opens Second Iraq Office AAIB Insurance Brokers, the leading Iraq insurance provider, has appointed Mr Michael Carr FCII as the Divisional Director of its Iraqi registered company Al Fajer Insurance and Reinsurance Brokers. He will be based at AAIB’s latest office to open in Iraq, located in the southern city […]
Eighteen Austrian companies participated in a trade mission to the Kurdistan Region, touring Erbil, Suleimaniah and Dohuk governorates, to explore commercial opportunities in a variety of sectors. The Austrian Commercial Office in Erbil hosted a banquet, attended by several Kurdistan Regional Government officials, to mark the successful visit. Dr Richard Schenz, Vice President of the […]
The Iraqi Stock Exchange (ISX) index went up by 0.4% to close at 93 points as prices of 11 out of a total 29 firms traded in today’s session saw better times. Tuesday’s session saw more than 395.378 million shares exchanging hands at more than 563.872 million Iraqi dinars (roughly $482,000) through 249 deals, with […]
The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, Turkish consul said on Monday. “Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a fair […]
The Show taking place on the 20th of June will be opened by Iraq’s Deputy Prime Minister and has been organised with the support of the US Commercial Service and Baghdad Provincial Reconstruction Team.
The first international fair for food products and household items continue in Basrah for the third day, with over 40 Turkish companies, as well as a number of international and local companies.
The $1.2bn (£837m, €979m) reparations relate to aircraft and parts taken by Iraq during its occupation of Kuwait. The decision to wind up Iraqi Airways is an attempt to avoid the claims filed by Kuwait Airways.
“An agreement has been reached with official Dutch authorities to send a delegation of 30 businessmen and traders to Basra to review the investment opportunities and economic capabilities in the province,” said Shaltagh Abboud al-Mayah
