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 […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
Industrial Products Fair in Karbala
An international industrial fair was opened in the holy Shiite city of Karbala on Thursday, with participation from 100 firms from all over the world. “Chinese, Spanish, Zimbabwean, Egyptian, African, Asian and Gulf countries are taking part in the 20-day international event,” Fahim Naji, the managing editor of the Chinese organizer, told Aswat al-Iraq news […]
Tags: Industry & Trade, Karbala
Protest at Deteriorating Security Situation
Employees of the State Company for Mechanical Industries in Alexandria organized a sit-in protest on Wednesday against terrorist operations affecting Iraqi workers. Trades unions members of the Iraqi State Company for Mechanical Industries staged a sit-in protest and spoke in memory of victims of terrorism. The statement said the protest came at the invitation of […]
Anham to Resume Work in Kuwait, Iraq
Dubai-based logistics company Anham said the US Government directed it to resume work on the implementation and to ramp up food and non-food distribution and support services in Kuwait and Iraq. "We are, and have been, fully prepared to work as prime vendor immediately," said David Braus, Managing Director for Anham. "Complemented by strong and […]
Tags: Industry & Trade, Kuwait
Arbil Governor Discusses with Iranian Delegation Commercial Cooperation
Arbil governor discussed on Tuesday with an Iranian delegation. “A delegation from the Iranian embassy visited Arbil on Tuesday and discussed ways of cooperating in investment and commercial operations between the two countries as well as the development of Arbil,” Nouzad Hadi told Aswat al-Iraq news agency. “We will facilitate the work of all companies […]
ISX Trading Hits ID8.9 Billion on Monday
The Iraqi Stock Exchange (ISX) trading activities hit 8.9 billion Iraqi dinars (roughly $7.6 million), mostly over the Iraqi Islamic Bank in its second electronic trading session after meeting its obligations to the securities authorities and the Central Bank of Iraq (CBI). Monday’s session saw trades of 33 out of 84 the electronically-registered firms, 12 […]
Efforts of Al-Ezz State Co. Recognised
Ezz State Company, Ministry of Industry and Minerals, won a certificate of merit from the ministries of agriculture and water resources, for its role in and active participation in the agricultural exhibition held at Baghdad International Fair. An official source at the company said that this will enhance the confidence of affiliates in their work […]
Tags: Industry & Trade