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 […]
Tag Archives | Industry & Trade
The latest trade & industry news from Iraq – oppportunities,developments and more – brought to you by Iraq Business News
Tags: Industry & Trade, Kurdistan News
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
Ration Card System Has to Be Reviewed – Minister
The ration card system has to be reviewed, Iraqi Trade Minister Safaal-Din al-Safi said on Sunday. “We are being unjust to the poor when we give them the same share as rich people,” al-Safi said in a release issued by his ministry and received by Aswat al-Iraq news agency. He noted that the ration card […]
New French Investments in Karbala
French Ambassador to Iraq, Boris Boillon, talked with officials from Karbala’ Province on ways to widen cooperation between the two parties in the investment field and by bringing in French companies to restore industry and manufacturing in the Province. The local government responded that it wants to boost relations with the French and its bid to […]
ISX Index Slightly Down on Tuesday
The Iraqi Stock Exchange (ISX) index went down slightly by 0.08% to close at 94.7 on Tuesday over trades in 32 of a total of 83 electronically-registered firms. 4 companies went up, 12 down while 16 were unchanged. 8.490 billion shares were traded worth more than16.199 million Iraqi dinars in 233 deals. Banks led the […]
ISX Closes at 94.7 Points on Monday
The Iraqi Stock Exchange (ISX) index went up slightly by 0.13% to close at 94.7 points as trading took place on Monday over 37 firms’ 2.526 billion shares worth 3.496 billion Iraqi dinars ($2,9 million) through 231 deals. Non-Iraqi investors obtained four purchase deal at 1.899 billion dinars in the banking sector and 2 deals […]