World Bulletin / News Desk
Turkish Economy Minister Zafer Caglayan said on Monday that Iraqi Trade Ministry resumed registration proceedings.
Releasing a written statement, Caglayan recalled that Iraqi ministry halted registration proceedings for foreign companies on September 11, noting that Turkish Economy Ministry, Baghdad Embassy and Commerce Undersecretariat had closely followed the issue since then.
Noting that the decision of Iraqi ministry was not against only Turkish companies, Caglayan said that the decision was covering all foreign companies.
Caglayan added that Iraqi Ministry started the registration proceedings again as of today.
After a quarter hour of trading, London's blue-chip FTSE 100 index was down 0.1 percent.
The United Arab Emirates' exchanges in Dubai and Abu Dhabi led the dive in liquidity levels, which measure the value of traded shares and are normally a reflection of the health of national economy.
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The figure was slightly lower than analysts had forecast, following a 1.4 percent hike in overall prices in August.
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Investors will also be tracking the start of an EU summit where Brexit will once again be the focus of attention.
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While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
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