By Mark DeWeaver. I've often thought there should be a Nobel prize for corporate finance. It would go to the broker or investment bank that managed to place the largest IPO under the most unpromising circumstances. If there were such an award, I think Rabee Securities and its affiliate Melak Iraq would easily win this […]
Since its launch in April 2008, the USAID-Tijara Provincial Economic Growth Program has used an integrated approach to economic development that combines financial incentives with educational opportunities to spur private sector development in Iraq. Tijara, which means trade in Arabic, is a multi-faceted USAID program that works in the areas of sustainable microfinance, bank lending […]
The U.S. Embassy in Baghdad hosted a panel discussion with Iraqi government and civil society leaders on January 31 in commemoration of World Wetlands Day. World Wetlands Day is celebrated around the world to promote public awareness of wetlands’ ecological, economical, and social value and benefits. The program featured remarks by Shaimaa Ubaid Karim of […]
By John Lee. Iraq has risen two places to rank 150th out of 179 countries in the World Press Freedom Index for 2013, but this followed a fall of 22 places last year. The security situation for journalists continues to be very worrying, with three killed in connection with their work in 2012 and seven […]
By John Lee. Iraq participated in the International Donors Conference to support the humanitarian situation in Syria, which was held in Kuwait City, with a delegation headed by Muhammed Jawad al Dourki, Undersecretary of the Foreign Affairs Ministry, and Undersecretary of the Displacement and Migration Ministry. According to a statement from the Ministry of Foreign […]
By Karin Laub, The Associated Press. Used with permission by Iraq Business News. An Iraqi telecom company raised nearly $1.3 billion Sunday on Baghdad's small stock exchange in one of the region's biggest share offers in years — a sign of investor confidence in the fledgling private sector despite violence that still plagues the country. […]
The U.S. Mission in Iraq, through the United States Agency for International Development’s (USAID) Financial Development Project, is working with the Iraqi banking industry to help banks improve best practices. The U.S. Mission invited seven banks from across Iraq for the January 21-28 launch of the first in a series of 20 training seminars in […]
By John Lee. The General Secretariat of Iraq's Council of Ministers has ruled out the replacement of the currency or cancellation of three zeros "at this stage", and it is seeking to raise the value of the dinar against the dollar. The Secretary General of the Council of Ministers said that the project to replace […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. For weeks, numerous Iraqi politicians have been speaking about a bundle of development projects in the country, including reviving the thousands of border villages that were abandoned and decimated during the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hundreds of thousands of Sunni protesters have held anti-government protests in Iraq's Anbar province, complaining of marginalisation by the Shia-led government. Large rallies were held in the provincial capital of Ramadi and in […]
Rabee Securities listed Asiacell Communications PJSC yesterday (Sunday). The company started trading today under the ISX ticker "TASC", at a starting price of IQD 22. In total 67,503,000,000 number of shares were listed and sold, for a total of IQD 1,485,066,000,000 (around $1.24 billion). Asiacell's market cap is IQD 5,940bn ($4.95bn). Foreigners bought 70% of […]
ShaMaran Petroleum has announced an update of estimated contingent and prospective resources for the Atrush block provided by third party auditors McDaniel & Associates prepared as at December 31, 2012 in accordance with standards set out in the Canadian National Instrument NI 51-101 and Canadian Oil and Gas Evaluation Handbook (COGEH). McDaniel estimates have taken […]
