Archive | Investment

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

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Oct 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD681 (+2.3%) / $707 (+1.9%) (weekly change) (+3.4% and +0.9% YTD change, respectively). The number of week traded […]

Breaking Out of Fragility: Diversification and Growth in Iraq

Breaking Out of Fragility: A Country Economic Memorandum for Diversification and Growth in Iraq Iraq is at a crossroads. Almost two decades after the 2003 war, the country remains caught in a fragility trap, facing increasing political instability, growing social unrest, and a deepening state-citizen divide. Amid a multitude of crises (including an oil price […]

Market Review: "Still the Dog Days of Summer"

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Still the Dog Days of Summer" The unusually, more subdued than normal "dog days of summer" witnessed in August were extended into September […]

IBBC welcomes Iraq's EBRD Membership

From the Iraq Britain Business Council (IBBC). Joining the European Bank for Reconstruction and Development (EBRD) is great news for Iraq. The IBBC welcomes EBRD membership on a number of levels as Iraq will both benefit from joining an organisation mandated to develop open and sustainable market economies in countries committed to, and applying, democratic […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Oct 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD666 (+0.6%) / $694 (+0.2%) (weekly change) (-1.1% and -1.0% YTD change, respectively). The number of week traded […]

Iraq to join European Bank for Reconstruction and Development

Iraq has taken the first step to become a member of the European Bank for Reconstruction and Development (EBRD). The 71 existing shareholders of the multilateral financial institution approved a request by the country during the Bank's Annual Meeting on Wednesday. The EBRD promotes private sector development and sustainable and inclusive growth through a combination […]

Five One Labs Launches Iraqi Investment Initiative

Five One Labs, a start-up incubator for Iraqi and Syrian entrepreneurs based in the Kurdistan Region of Iraq (KRI), has launched Five One Invest, an investment initiative that creates more efficient deal-making and matchmaking opportunities for local investors and increases access to capital for entrepreneurs as they scale. Five One Labs co-founder Alice Bosley said: […]

NIC plans to Revitalize Stalled Projects in Iraq

By John Lee. Iraq's National Investment Commission (NIC) has announced that it has prepared a plan to revitalize stalled projects. NIC Chairman, Suha Dawood Najar (pictured), said: "NIC have prepared a plan to revitalize the investment process all over the country in all sectors through activating the lurking and halted projects and reshaping them financially […]

Cabinet commits resources to Dhi Qar province

The Iraqi Cabinet held an extraordinary meeting in the city Nasiriyah in Dhi Qar province on Monday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister said that the people of Dhi Qar had sacrificed much for Iraq, but they have suffered from the consequences of past marginalisation. […]

JGC signs Contract for Basra Refinery Upgrade

By John Lee. Yesterday (Thursday), the South Refineries Company (SRC) and Iraq's Ministry of Oil (MOO) signed the contract with Japan's JGC Corporation to start construction of a new Fluid Catalytic Cracking (FCC) Complex at Basrah Refinery. The project is funded by the Japan International Cooperation Agency (JICA)'s ODA (Official Development Assistance) loan project. The […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st Oct 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD662 (+0.5%) / $693 (+0.5%) (weekly change) (+0.4% and -1.2% YTD change, respectively). The number of week traded […]

NIC's New Chair visits Wasit, Kerbala

By John Lee. The new Chair of Iraq's National Investment Commission (NIC) has been visiting investment opportunites throughout the country. During a visit to Wasit Province, Suha Dawood Najar [Suha Dawud Elias Al-Najjar] (pictured) said that Iraqi investors hae the financial and professional capacity to gear up with the Iraqi economy, especially if partnered and […]