Tag Archives | Iraq Securities Commission (ISC)

Iran & Iraq to Set Up Joint Investment Fund

By John Lee. Iran‘s Securities and Exchange Organization (SEO) and the Iraqi Securities Commission (ISC) have signed a memorandum of understanding to create a joint investment fund. According to Iran’s SEO, the agreement is “primarily focused on development of Islamic Financial instruments, enhancement of technical infrastructure and establishment of common investment funds through shared partnership […]

Zain Iraq Applies for Share Listing

By John Lee. Zain Iraq has applied for a listing on the Baghdad stock exchange (ISX). As part of their 15-year licences awarded in 2007, Iraq’s three mobile network operators — Zain, Asiacell and Korek — were required to float at least a quarter of their shares and join the Iraq Stock Exchange (ISX) by […]

HSBC hits Regulatory Issues over Iraq Exit

By John Lee. Banking giant HSBC is reportedly struggling to exit its Iraqi operations, having had two proposals to sell its stake in Dar Es Salaam Investment Bank (DES) rejected by the country’s regulator. We reported in June that HSBC was exploring options to dispose of its 70.1 percent holding in the Iraqi bank following […]