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