Archive | Investment

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

Australian Ambassador, Najaf Governor Discuss Investment Cooperation

The Australian Ambassador to Baghdad, Robert Tyson, paid a visit to Najaf to foster economic, cultural and scientific relations, Najaf’s governor said this week. Adnan al-Zarfi said he received the Australian ambassador on Wednesday (July 21), with whom he dicussed ways of boosting economic, scientific and cultural relations between the local government in Najaf and […]

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Banks’ bonus issues a disappointment so far

It’s always been a bit of a mystery why anyone should care about bonus share issues.  Since a company’s retained earnings are already owned by the shareholders, you would think that converting these earnings into shares shouldn’t have any effect on an investor’s returns.  Following a bonus, the share price should logically fall by an […]

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Turkish Companies’ Assets in Kurdistan Exceed US$ 600 Million

A source from Kurdistan Investment Board declared that the Turkish companies’ assets in Kurdistan Region amount to US$ 621 million. Confirming the figure, Haydar Mustafa, the Director General of Investigation & Information in the Board, told AKnews on Wednesday that although there are many Turkish companies operating in the Region the majority of them are […]

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Bureaucracy Delays Investment – NIC

“Investment in Iraq is weakened due to delays in issuing investment licences for projects,  and due to the bureaucracy that is involved; the Iraqi economy needs to change from a centralized economy to a free one”, said Kamel al-Zaidi, a member of the Investment committee, on Tuesday. The process is too cumbersome and is not […]

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Baghdad Mayor Calls Investors to Start Projects They Contracted

An official source in the office of Baghdad’s Mayor said on Sunday that the Mayor had highlighted the importance of implementing the investment projects that have been contracted, stressing the need to expedite the granting of investment licences. “A meeting that included Baghdad’s Mayor, Saber Al-Issawi, a number of ambassadors and businessmen took place to […]

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Before It’s Too Late …

Markets hate uncertainty, but history has shown us that times of uncertainty create the greatest opportunities. Warren Buffett’s famous saying, “be fearful when others are greedy, and be greedy when others are fearful”, is true whether referring to the stock market or to risk-taking in general. And Iraq is giving us plenty of risk and […]

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Deputy PM, Czech Ambassador Discuss Investments

Iraq’s Deputy Prime Minister, Rafie al-Issawi [Rafi Hiyad al-Issawi], met with the Czech Ambassador to Iraq, Bronislava Tomášová, on Sunday, to discuss bilateral relations and investments. “It is important to exploit the Czech experience at all levels, including investments,” al-Issawi told the ambassador during the meeting. For her part, Ambassador Tomášová referred to a long-term […]

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Kirkuk Seeks U.S. Investment

U.S. firms are welcome to invest in the oil-rich province of Kirkuk, an official statement said. The statement, issued following a visit by some U.S. business representatives, said there were good investment opportunities in the province particularly in oil development, electricity and the refining of crude oil. The province, of which the city of Kirkuk, […]

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Investments in Erbil to Exceed $7bn

Investment projects in the capital of Kurdistan region, Erbil, are estimated at $7.5bn, the deputy governor reported on Tuesday. “We expect that investment will increase in the coming years,” Tahir Abdullah said. The projects have been carried out in different sectors, such as industry, reconstruction, agriculture and housing projects in Erbil, Abdullah noted. A member […]

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Maliki Urges Jordanians to Invest in Iraq

Iraq’s Prime Minister, Nouri al-Maliki, called on Jordanian investors and companies to take part in the reconstruction operations in the country, according to a statement from his office. “Al-Maliki received on Wednesday (July 7) the Jordanian Ambassador in Baghdad, Mohammad Taissiyer al-Musaada,” said the statement received by Aswat al-Iraq news agency. The statement quoted the […]

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