ISX reports +$5M in weekly trading
The Iraq Stock Exchange (ISX) announced, on Thursday, that its trading volume for the week exceeded seven billion dinars (approximately $5 million).
According to the recorded data, more than three billion shares were traded this week, spanning five sessions.
The ISX60 index opened the week at 988.37 points and closed at 990.05 points, reflecting a 0.17% increase. Similarly, the ISX15 index started at 1120.15 points and ended at 1138.27 points, marking a 1.59% rise.
Throughout the week, the exchange executed 4,493 sale and purchase contracts involving listed companies.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Shafaq News
6 hours ago
- Shafaq News
Iraq imports +18,000 Chinese vehicles in H1 2025
Shafaq News – Baghdad Iraq brought in over 18,000 vehicles from China during the first six months of 2025, up from 10,000 in the same period last year, the Iraq Future Foundation for Economic Studies and Consulting revealed on Saturday. Chinese auto exports to the Middle East jumped 65% in H1 2025, reaching more than 584,000 vehicles—up from 353,000 a year earlier. Export value rose to $7.7B from $4.5B, reflecting stronger demand and China's expanding foothold in regional markets. The United Arab Emirates was the top importer, receiving over 221,000 vehicles, more than double its 2024 total. Saudi Arabia followed with 123,000, while Turkiye brought in around 91,000. Jordan recorded the steepest growth, with imports surging 962% to more than 23,000—up from just 2,000 last year. Electric vehicles made up 10% of China's car exports to the region in H1 2025. The UAE led with 25,000 units, followed by Turkiye (20,000) and Jordan (15,000). Globally, China exported over 750,000 electric vehicles during the same period. Belgium ranked first worldwide, importing more than 100,000. The Foundation projects Chinese auto exports to the Middle East will surpass 1M by year's end, driven by accelerating demand and competitively priced EVs.
Shafaq News
8 hours ago
- Shafaq News
Beijing pushes for global AI governance
Shafaq News – Shanghai On Saturday, China's Premier Li Qiang proposed creating a global organization for artificial intelligence cooperation, urging nations to coordinate efforts on development and safety. Speaking at the opening of the World Artificial Intelligence Conference (WAIC) in Shanghai, Li described AI as a new engine for growth but warned that global governance remains fragmented. He called for stronger international coordination to establish a broadly accepted global framework for AI. The three-day event gathers tech leaders and policymakers amid growing tech rivalry between China and the United States, with AI emerging as a key battleground. 'At present, global AI governance is fragmented,' Li said. 'There are significant differences between countries, particularly in regulatory concepts and institutional rules.' 'We must accelerate efforts to build a global AI governance framework that reflects broad consensus,' he added. The United States has imposed export restrictions on advanced technology to China, including high-end AI chips from companies like Nvidia, citing national security concerns over possible military applications. Despite those restrictions, China continues to make advances in AI, drawing increased scrutiny from US officials. While Li did not name the United States, he warned that AI could become an 'exclusive tool' controlled by a few countries and corporations. He also highlighted supply shortages in AI chips and restrictions on talent exchange as major challenges. Li stressed that China is willing to share its AI development experience and products with other nations, particularly those in the Global South.
Shafaq News
10 hours ago
- Shafaq News
Turkiye seeks higher transit fees in new Iraq oil deal talks
Shafaq News – Baghdad/Ankara Iraq and Turkiye have begun preliminary discussions on a potential new agreement to resume crude oil exports through the Turkish port of Ceyhan, according to the Iraqi economic observatory Eco Iraq. The talks come amid Turkish demands to raise oil transit fees to $2.5 per barrel, significantly above the previous rate of $1 to $1.5. Ali Naji, a member of the observatory, told Shafaq News that before exports were halted in 2023, Iraq had been pumping around 500,000 barrels per day (bpd) through the Kirkuk–Ceyhan pipeline, sourced from fields in both Kirkuk and the Kurdistan Region. Exports were suspended after Iraq won an international arbitration case against Turkiye for violating the 1973 pipeline agreement. Naji said the current negotiations are still in early stages and have not yet reached formal talks or the drafting of a new agreement. He noted that the pipeline has a maximum export capacity of one million bpd, should it be restored to full operational levels. The pipeline, one of Iraq's oldest export routes to global markets, has faced repeated security and technical setbacks over the decades, including multiple sabotage attacks between 2004 and 2015 that caused extensive losses and disruptions. On July 21, Turkish President Recep Tayyip Erdogan formally signed the termination of the historic oil accord with Iraq, which had been in effect since 1973.
