Archive | Investment

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

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Optimism Despite Iraq’s New Government

National Alliance MP Hadi Al Amiri is holding the media responsible for creating tension over the government formation talks. I think that Iraq’s politicians managed that well enough without us. The distrust continues, with Ayad Allawi, former prime minister, whose Iraqiya bloc won the most votes in the March elections now saying that the result […]

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Investment in Kurdistan Tops $13bn

Prime Minister of the Kurdistan Region, Barham Salih, visited major investment projects that are underway in Sulaymaniyah, the most populous city in the region. At a foundation stone-laying ceremony for Majidi Mall, a major retail building project, prime minister Salih said that direct investment in the Kurdistan Region has surpassed US$13bn. Investment won’t stop there: […]

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Trade with Turkey Triples

Committees don’t just sit around in Iraq. On 19th October the Iraqi government created a committee to increase business and economic relations with Turkey. Now, a member of the committee has said that the two countries are going to increase commercial exchange up to $12bn in 2011, reports AKNews. This is a more than three-fold increase on previous […]

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Another Expo, Another $50m Invested in Iraq

 It may be that the International DBX Trade Fair in Sulaymaniyah city in the Kurdistan region was one trade fair too many in Iraq, as it was unable to draw in the numbers that it wanted to in the four days to Sunday, 14th November. And yet, despite being held in the middle of nowhere easy […]

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Three New Equity Funds in One Month

Project management specialists Parsons Brinckerhoff stated the obvious this week by saying Iraq is “risky, but full of opportunity”. After the war, the security and energy sectors were the most obvious risky opportunities. Re-building Iraq’s decaying and war-torn infrastructure has come a close second. Since then, however, opportunities have snowballed into retail and agriculture, and […]

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Saddam Hussein’s Yacht Back in Iraq, For Sale

Iraq’s ministry of transportation has announced that the luxury yacht Ocean Breeze, also known as the Basrah Breeze, once owned by former Iraqi president Saddam Hussein, is back in Iraqi waters, according to a report from ITN. The boat, which has been the subject of legal wrangling between Iraq and Jordan, which claimed ownership of […]

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New Iraq-Focused Equity Fund

Global Capital Investments, of Illinois, has created a private investment fund for sophisticated investors who wish to invest in the long-term growth potential of the emerging Iraqi economy. The objective of the fund is to seek long-term capital appreciation over a broad range of Iraqi listed securities, a small number of private investments and Iraqi […]

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Kurdistan Investment Board Seeks Technical Assistance

Request for expressions of interest: Technical assistance to Kurdistan Investment Board The Kurdistan Board of Investment of the Kurdistan Regional Government (BoI – KRG) seeks professional assistance to enhance the quality of the board’s evaluation process from various perspectives, including the technical review and assessment of the investment proposals submitted to the board. The main […]

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