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The time has come post #2

sundae22

By sundae22,
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sundae22 Newbie

sundae22

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ISX index closes at 93.5 points on Monday

February 1, 2010 - 02:13:22

BAGHDAD / Aswat al-Iraq: The Iraqi Stock Exchange (ISX) index went down slightly on Monday by 0.4 percent to close at 93.5 points during a session that saw the shares of 37 out of 81 electronically-registered companies exchanging hands.

During the trading session, rates of 13 companies went up, 13 down while 11 retained their previous rates.

The session witnessed the trading of 1.872 billion shares worth 2.979 billion Iraqi dinars through 331 transactions, 6 of them went to non-Iraqi investors with more than 881 million shares worth more than one billion Iraqi dinars, mostly over the banking sector.

The banking sector came in the lead today with 84% of the trading volume, followed by the hotel sector with 10% of the trading over eight firms.

The ISX witnessed its first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks were: Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels were: Ashtar Hotel and Al-Mansour Hotel.

On June 7, the Iraqi Middle East Investment Bank and the Warka Bank joined the electronic trading sessions.

The ISX now holds five sessions from Sunday to Thursday.

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sundae22 Newbie

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Daimler signs deal with Iraq to supply Mercedes-Benz trucks

February 1, 2010 - 07:41:30

BAGHDAD / Aswat al-Iraq: German truck maker Daimler AG said Monday it has signed an agreement with the Iraqi government to supply Mercedes-Benz trucks and equipment for truck assembly, according to BussinessWeek magazine.

Daimler, based in Stuttgart, said it will provide complete trucks and truck kits, tools and equipment for assembly, as well as technical support in the deal with the Iraqi State Company for Automotive Industry.

The company did not disclose financial details.

“The agreement is the result of a memorandum of understanding that Daimler signed with the Iraqi government in July 2008,” the magazine said.

“In February 2009, Daimler opened an office in Baghdad for determining the market opportunities for trucks and buses in Iraq and coordinating the negotiations for the partnership agreement,” it added.

Daimler is the world’s biggest truckmaker with brands including Mercedes-Benz, Freightliner and Mitsubishi-Fuso.

Shares of Daimler were about a fifth of a percent higher at euro33.47 ($46.52) in Frankfurt morning trading.

SH (S)/SR

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sundae22 Newbie

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Temporary employees appointed at General Company for ports

February 1, 2010 - 02:19:50

BASRA / Aswat al-Iraq: The transport minister has signed the decision to appoint all temporary employees of the General Company for Ports in Iraq, a media official said on Monday.

“Minister Aamer Abduljabbar Ismail has decided to appoint all temporary employees who spent five years or more at the General Company for Ports,” Anmar al-Safi told Aswat al-Iraq news agency.

“The step has been taken as a sign of appreciation of the company’s recent big achievements,” he added.

SH (P)/SR

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paRVenu8 Newbie

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The RV belongs to all who are invested! No one has exclusivity to this. When it goes all will know no matter who you are affiliate with. This investment is fair and equal indeed!
When it goes all will know no matter who you are affiliate with

I think it will make big national news and will be on all the big television news networks the second it RV's.

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