Archive | Investment

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

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 […]

ISX is region’s second best performer

With a year-to-date return of 14.6% as of February 7, the Rabee Securities RSISX index is the region’s second best performer so far this year. Only Iran’s TEPIX index, up 16.4%, did better. Regional stock markets have generally mirrored the lackluster performance of the Morgan Stanley global emerging markets index, which is down 1.8% year-to-date. […]

Maliki Calls for Foreign Investors

Iraq needs foreign investors in the oil sector to help break a bottleneck at its southern ports, Iraqi Prime Minister Nouri al-Maliki said. “We have no restrictions on their [foreign investors] entry. We want them,” Maliki told The Wall Street Journal. “We need speed. We need money.” Maliki last year gave the nod to a […]

Iraq and Netherlands Discuss Investments

The Chairman of Iraq’s National Investment Commission (NIC), Dr. Sami Al- Araji, confirmed during his meeting with the Netherlands Ambassador to Baghdad, the National Investment Commission’s willingness to create huge economic partnerships between Iraq and Netherlands in various sectors. Dr. Al- Araji said during the meeting that the commission is ready to grant investors willing […]

The Best is to Come in 2011

2010 saw hundreds of trade agreements signed, a score of new consulates opened, and dozens of countries and thousands of companies scrambling to get in on the Iraq story. Inflation has remained low all year and exchange rates have been stable. The oil price averaged $15-$20 above the $62.50 price allowed for in the Iraq budget. […]