Archive | Investment

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

Meet Top Iraqi Officials at IBBC Conference

Hear Iraq's principal ministers and financiers share their vision and policies for Energy, Finance and Educational sectors at IBBC's Mansion House conference on 24th May. Iraq is on the cusp of forming a new Government and is benefitting from high oil revenues and stability. The IBBC Spring conference is ideally timed for a potential new […]

New Partner joins Al Tamimi & Co in Iraq

By John Lee. Law firm Al Tamimi & Company has announced that Tom Calvert has joined the firm as Partner. In a statement, the company said that Calvert will head its corporate commercial practice in Iraq, in addition to leading the firm's China Group which will actively advise Chinese companies operating in the region on […]

Market Review: "Ramadan & Profit Taking"

By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Ramadan & Profit Taking" The market, as measured by the Rabee Securities RSISX USD Index, declined by 7.0% for the month, and up of 8.2% […]

New Iraqi Innovation Fund Launched

Orange Corners Innovation Fund signs an MoU with the National Bank of Iraq (NBI) to launch the Orange Corners Innovation Fund (OCIF) program in Baghdad KAPITA, a leading private sector development company, has signed a Memorandum of Understanding with the National Bank of Iraq (NBI) to launch the Orange Corner Innovation Fund (OCIF) in Baghdad. […]

Iraqi Steel Plant Sold for $195m

By John Lee. Jordan's Al Tanmiya Steel has completed the sale of its Iraqi steel operations for $195 million. Al Tanmiya had full ownership of the Iraqi Al Anmaa for Construction Materials Production, which operates a steel plant (pictured) in Khor Al-Zubair, Basra. Al Anmaa has been bought by Alghad Almutkamel for General Trading and […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st April 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD1,005 (-1.9%) / $882 (-1.7%) (weekly change) (+9.5% and +9.5% YTD change, respectively). The number of week traded […]

Iraq's Economic Update -- April 2022

Iraq's economy is gradually recovering from the twin shocks of the pandemic and collapse in oil prices in 2020. Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity. Fiscal and external deficits are back to surpluses as […]

IBBC Iraq Conference, London, Tuesday 24th May 

The IBBC Iraq conference at the Mansion House - meeting at a most important time for Iraq - Tuesday 24 May  After a two-year absence, IBBC is back at the Mansion House hosting its Iraq conference on Tuesday May 24th focusing on finance, energy and sustaining economic growth in Iraq. The country stands at another pivotal moment with […]