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 […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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
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 […]
Tags: Industry & Trade
Iraq Discusses Establishing Duty Free Zone with Egypt
Iraq Ministry of Industry and Minerals said that it held a series of meetings with Cairo in order to discuss establishing a duty free zone between Iraq, Egypt and Jordan stressing that they didn’t reach a final agreement in this regard until now. On the other hand, some economic experts say that establishing such a […]
ISX Down for Second Consecutive Day to Close at 94.3 Points
The Iraqi Stock Exchange (ISX) went down for the second consecutive day by 0.3% to close at 94.3 points, while trading activities hit 853.235 million Iraqi dinars. Today’s session saw trading over shares of 28 out of 84 electronically-registered firms, 11 of them went down, 8 up while 9 others retained their previous rates, with […]
Iraq and United Nations Discuss Co-financing Mechanisms for Donor Countries' Projects
Iraq in coordination with the United Nations has formed a joint technical committee to search for co-financing mechanisms for projects of donor countries. This came during a meeting of the advisory board, the Council of Ministers with the representatives of the United Nations.
Tags: United Nations
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 […]
Tags: Industry & Trade, Profit
New Toyota Dealership in Erbil Boosts Kurdistan’s Private Sector
Iraqi Kurdistan Region Prime Minister, Burham Saleh, said on Sunday that the inauguration of an new Toyota dealership in Erbil is a “significant step to develop the private sector in the region”. “The move is indicative of the confidence in the region’s government and its stability,” Saleh said in an address on the occasion. He […]
Tags: Industry & Trade, Kurdistan News
Egypts GB Auto Sees Q2 Net Sales Doubling, Boosted by Iraq Sales
Egypt's GB Auto expects to double its profit in the second quarter, boosted by an increase in its vehicle sales to Iraq, company executives said on Thursday.
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 […]