Archive | Investment

Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.

Genel Energy attempts to Refinance Bonds

Genel Energy has announced that it has instructed the trustee for the GENEL01 bonds (ISIN: NO 001 0710 882) (‘GENEL01’ or ‘the Bonds’) to summons a bondholders’ meeting to resolve a refinancing of the existing Bonds. The Company proposes to refinance GENEL01 through a partial early redemption and debt reduction by replacing the existing Bond Agreement […]

November Market Review: Tentative Recovery

By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The dog days of the summer extended from October into the first 10 days of November, as the 40 day Arba’een pilgrimage came to […]

Investment Opportunity: State Company for Steel Industries

By John Lee. Iraq’s State Company for Steel Industries, which is owned by the Ministry of Industry and Minerals, has announced an investment opportunities to participate in the management and production of the following projects in accordance with the requirements fixed in the investment profiles: Sandwich Panel production Built-up sections and bridge girders production Metal […]

Iraq plans New Bond Issue in 2018

By John Lee. Following Iraq’s successful return to the bond markets earlier this year, it is now reportedly planning a $2 billion sovereign bond issue in 2018. The Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq [Alak] (pictured), told Reuters that the plan is currently awaiting parliamentary approval. He added […]

Iraq Stock Market ends week 6.3% Up

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Nov 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD815 (+6.3%) / $838 (+6.6%) (weekly change) (-15.1% and -11.6% YTD change, respectively). The number of week traded […]

IBBC holds Successful Autumn Conference in Dubai

Iraq Britain Business Council holds successful Autumn Conference in Dubai Following on from the first Iraq Britain Business Council conference in Dubai in 2016, the IBBC was delighted to host its Autumn Conference in the UAE once again. The event was strongly supported by the UAE authorities. Alongside Baroness Nicholson, the UK Prime Minister’s Trade […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th Nov 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD766 (+0.2%) / $786 (+0.4%) (weekly change) (-20.2% and -17.0% YTD change, respectively). The number of week traded […]

60 New Projects to be Announced at IBBC Dubai Conference

Iraqi ministers intend to announce and discuss up to 60 intended projects at the IBBC summit conference this weekend in Dubai. In a surge of confidence, a number of Iraqi ministers will be unveiling a raft of infrastructure, oil, power and industrial projects across numerous industry sectors: Construction: Water treatment, waste water, housing, malls & […]

Rosneft in the Kurdish Region: Moscow’s Balancing Act

By Ahmed Tabaqchali. Originally published by Iraq in Context; re-published by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Between February 2017 and mid-October, Rosneft signed a number of deals with the Kurdish Regional Government (KRG) that established for it, […]

IBBC completes Successful Trade Mission to Baghdad

Baroness Nicholson of Winterbourne, President of the Iraq Britain Business Council (IBBC) and UK Prime Minister’s Trade Envoy for Iraq, led a delegation of 25 IBBC member company representatives on a Trade Mission to Baghdad organised by IBBC Managing Director, Mr Christophe Michels and IBBC Co-Chairman and Iraq Representative, Mr Rasmi Al-Jabri. Delegates included representatives […]