Archive | Investment

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

Investment in Healthcare is Urgently Required

Investment in healthcare is urgently required to save the lives of mothers and newborn babies in Iraq Decades of conflict and under-investment have placed a huge strain on Iraq’s healthcare system, and pregnant women and their babies are paying for it with their lives. Although progress has been made to lower maternal mortality rates, there […]

IMF: “Iraq is Facing a Double Shock”

On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Iraq. Iraq is facing a double shock arising from the conflict with ISIS and the plunge in oil prices. In 2016, real GDP increased by 11 percent owing to a 25 percent increase in oil production, which was […]

PM Invites French Firms for “Mega Investment Opportunities”

Prime Minister Haider Al-Abadi took a phone call this week from French president Emmanuel Macron, who congratulated Dr. Al-Abadi for the triumphs achieved against Daesh. Macron stressed France’s continued commitment to support Iraq in the fight against terrorism, supporting the Iraqi government efforts to restore stability, building its institutions, and developing relations between the two […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th Aug 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD790 (+1.5%) / $807 (+1.1%) (weekly change) (-17.7% and -14.8% YTD change, respectively). The number of week traded […]

UKEF helps GE and Enka secure Power Contract

UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: “The Department for International Trade through UK Export Finance […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd Aug 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD778 (+1.8%) / $798 (+1.8%) (weekly change) (-18.9% and -15.7% YTD change, respectively). The number of week traded […]

IBBC holds Successful Inaugural Dubai Networking Event

The Iraq Britain Business Council (IBBC) has held its first major networking event in Dubai, to accommodate the demand from its members, who operate from Dubai as a regional business hub. Vikas Handa, the IBBC UAE Representative said over the last few years UAE has emerged as the hub for companies doing business in Iraq, […]

Huge Demand for Iraqi Govt Bonds

By John Lee. Iraq opened the books yesterday on its first independent bond sale in a decade. “Investor demand was huge,” writese Marcus Ashworth at Bloomberg. “The deal was seven times oversubscribed.” The $1-billion, dollar-denominated bond, maturing in March 2023, was expected yield 7 percent, but demand enabled that to be cut to 6.75 percent. […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th July 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD764 (+2.1%) / $784 (+2.1%) (weekly change) (-20.4% and -17.2% YTD change, respectively). The number of week traded […]

Iraq to sell new USD Govt Bonds

By John Lee. The Financial Times reports that Iraq has appointed Citi, Deutsche Bank and JP Morgan as joint bookrunners for a new five-year government bond. The issue is described as a dollar-denominated, long-dated, benchmark-scale bond; investor meetings scheduled over the coming days. In January, Iraq raised $1 billion of five-year bonds, guaranteed by the US, […]