Archive | Investment

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

Iraq’s ISX Still Attracting Funds

As revolution sweeps across the Middle East, Iraq is still reportedly attracting funds to into its listed companies. The Iraqi Stock Exchange (ISX), which began trading in 2004 with 15 stocks, has attracted $20 million in foreign capital in 2011 from regions like the United States, Europe, the Gulf and Egypt, according to a statement […]

Iraq to Amend Investment Law?

A member of the Economic Commission in the Iraqi parliament said on Saturday that the current investment law will be changed completely and replaced by a new one that fits the economic needs of the country, and which will accelerate the completion of service projects. Salman al-Moussawi told AKnews that the Economic Commission is not […]

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$3.5bn Investment Licences Issued in Baghdad

Baghdad Investment Commission has issued 87 investment licenses worth a total of 3.5 billion dollars during the last thirteen months, and it claims these will provide about 350,000 jobs. The Commission’s Chairman, Mr. Shaker Al- Zamily, said the licences included 13 in the construction sector (consisting of 17 projects for the construction of 120,000 housing […]

Detailed New Briefing Paper on Iraq

The United Nations has prepared a comprehensive Briefing Book on Iraq, and presented it to Prime Minister Nouri al-Maliki. The book is comprised of two parts: The first part addresses key policy issues, including: macroeconomic challenges, development planning and prioritization, governance and public sector reform, anti-corruption, private sector development, social protection and the challenges of […]

WesternZagros to Raise C$40m in Share Placing

WesternZagros Resources has announced its intention to raise C$40 million in a brokered private placement of common shares. The funds will be raised through a syndicate of agents led by TD Securities Inc. and Scotia Capital Inc. (the “Agents”) on an overnight-marketed best efforts basis (the “Offering”). WesternZagros has also granted the Agents an option […]

Babil Investment Commission Attacks Baghdad Govt

AKnews reports that the Vice Chairman of the Babil Investment Commission has complained that Iraq’s investment law has been “paralyzed” by the state’s failure to implement it effectively in ministries and government departments. Abbas al-Tai told the agency that Iraq is one of the best places in the world for investors as it lacks many […]

Higher tariffs on hold

On February 14, the National Iraqi News Agency reported that the import tariff increases originally scheduled to go into effect on March 6 are being suspended until further notice. (The story is at http://www.ninanews.com/english/News_Details.asp?ar95_VQ=FFHEEK.) This is not surprising. With protestors already in the streets in some places, now can hardly be the best time to […]

New Report on Investment in Iraq

Dunia Frontier Consultants have issued a new report entitled Foreign Commercial Activity in Iraq – 2010 Year in Review. According to their research, the total number of reported investments, service contracts, and other commercial activities by foreign firms more than doubled in 2010. The report includes a listing of the 30 biggest foreign investment deals […]