News of postponement of the referendum and acceptance of the initiative of Washington and major powers

News of postponement of the referendum and acceptance of the initiative of Washington and major powers 2017/9/23 16:39 [Baghdad: where] Kurdish channels quoted the leaders of the Patriotic Union of Kurdistan to postpone the referendum of Kurdistan and the region welcomed the United States to resolve the crisis between Baghdad and Arbil international monitoring and […]

More than 180 companies will participate in the Baghdad International Fair

More than 180 companies will participate in the Baghdad International Fair


09/23/2017

The new edition of the year 2017
Baghdad / Mustafa al – Hashemi is
witnessing the economic arena in anticipation of a global economic event housed Iraq annually represented by the establishment of the Baghdad International Fair , the 44th edition , which will be held under the slogan "We have liberated our land and we build your cooperation" for the period from 21 – 30 October next.

The Ministry of Commerce said in a statement that "the number of domestic and foreign companies exceeded 180 companies of different competencies, and there is still a large turnout by some companies for the purpose of participation in the session."

Superpowers
statement quoted the Director General of the General Company for Exhibitions Hashim Mohammed Hatem as saying, " The super countries and large companies involved in the Baghdad International Fair, including Japan, Germany, America , South Korea, the Netherlands, Ukraine, Hungary, Egypt, Pakistan, Indonesia, Iran, Palestine, Saudi Arabia, Tunisia and Syria."

"Iraq has become an attractive country for investment and an open market to work in all sectors and the exhibition is an opportunity to make deals with businessmen and international companies, to reconstruct the liberated areas of terrorist gangs," Hatem added.

The Director General of the company, that "the companies coming to Iraq and participate in the exhibition is one of the firm and willing to work in Iraq," likely to "contract the institutions and the State departments on many contracts with these companies after conducting dialogues with them."

Various events
Hatem explained that " the session will be marked by events and economic seminars and technical morning and evening sports competitions, especially cars and motorcycles, pointing out that the exhibition will open its doors to citizens from nine am to nine pm where the preparation of an appropriate mechanism to facilitate the entry of citizens."

National achievement
For his part, described the academic economist d. The establishment of the Baghdad International Fair under these circumstances represents a national achievement because it is a gateway and a gateway to foreign direct investment in Iraq.

Al-Baydani said in an interview with Al-Sabah that the exhibition enhances the ease of access of economic decision-makers directly to global products in all productive fields, which will facilitate the conclusion of commercial transactions and government contracts for the implementation of vital projects within the country.

He said that the companies aim through their participation to obtain an opportunity to prove their worth to the governments of their country to support their march and reputation among the rest of the companies, pointing out that the participants in the sessions of the Baghdad exhibition is increasing the importance of Iraq as a strategic partner and economic, especially as it needs investment and reconstruction in liberated areas Which was destroyed by terrorism.

Direct sale
Al-Baydani pointed out that there are a number of companies participating in the exhibition will directly sell their various consumer products directly to the public, noting that this phenomenon is witnessed throughout the days of the exhibition, indicating that there is a desire of the public to obtain these different products of origin and at competitive prices.

http://www.alsabaah.iq/ArticleShow.aspx?ID=144726

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Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Sept 2017).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD778 (-1.0%) / $798 (-1.0%) (weekly change) (-18.9% and -15.7% YTD change, respectively). The number of week traded shares was 9.5bn and the weekly trading volume was IQD6.3bn ($5.1mn).

ISX Company Announcements

  • Two cross transactions occurred on 3.0bn shares of Trans Iraq Bank for Investment (BTRI) on Sept. 18 and Sep. 20, 2017), which represent 1.14% of BTRI capital.
  • Gulf Commercial Bank (BGUC) will hold AGM* on Oct. 12, 2017 to discuss and approve 2016 annual financial results and decide to distribute 1.96% cash dividend (IQD0.0196 dividend per share). ISX will suspend trading of BGUC starting Oct. 9, 2017.
  • Iraq Baghdad for General Transport (SBPT) will hold AGM* on Oct. 9, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of SBPT starting Oct. 4, 2017.
  • National Chemical and Plastic Industries (INCP) will hold AGM* on Oct. 5, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of INCP starting Oct. 2, 2017.
  • International Islamic Bank (BINT) invited shareholders to participate in the capital increase from IQD100bn to IQD250bn through 150% rights issue starting Sept. 20, 2017.
  • ISX requested Region Trade Bank for Investment and Finance (BRTB) to disclose the names and titles of the individuals who have direct access to internal information for 2017, like BoD and their advisors, CEO, CFO, auditor and etc., in order to start trading.
  • Al-Hamraa for Insurance (NHAM) will hold AGM* on Oct. 24, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of NHAM starting Oct. 19, 2017.
  • Iraqi Agricultural Products Marketing Meat (AIPM) resumed trading on Sep. 19, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 5% cash dividend (IQD0.05 dividend per share, 1.7% dividend yield).

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British Pound Tumbles on Moody’s Downgrade; US Dollar Recovers from Flight-to …

British Pound Tumbles on Moody's Downgrade; US Dollar Recovers from Flight-to …

Nasdaq1 hour ago

December U.S. Dollar Index futures, which tracks the greenback against six major currencies, was up 0.022 or +0.02% at 91.967 on Friday.

The post British Pound Tumbles on Moody's Downgrade; US Dollar Recovers from Flight-to … appeared first on Dinar Guru RV.