Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Oct 2021). Note: ISX will be closed on Monday (Oct. 18) due to the religious holiday of the Prophet's Birthday. The next trading session will be held on Tuesday. Please click here to view a table of listed companies and their associated […]
Archive | Investment
Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Tags: featured, Iraq Stock Exchange News, Iraq Stock Market Report, mn, Rabee Securities, stock market
Iraq Market Review: "A Ho Hum Month"
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. The market, as measured by the Rabee Securities RSISX USD Index, ended an unremarkable month down 3.3%, but up 22.7% for the year. The last 30 days […]
Tags: Ahmed Tabaqchali, American University of Iraq Sulaimani (AUIS), Asia Frontier Capital (AFC), featured, mn
"Approval Required" for Majority Foreign Ownership of Iraqi Companies
By John Lee. According to information from Rabee Securities, the approval of the Iraqi Securities Commission (ISC) will be required in every case where foreign ownership of a company exceeds 49 percent. The brokerage house says the ISC informed the Board of Governors of the Iraq Stock Exchange (ISX) of the change on Wednesday 6th […]
Tags: featured, Foreign investment, Iraq Securities Commission (ISC), Iraqi Stock Exchange, mn, Rabee Securities
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th October 2021). Note: ISX will be closed on Oct. 10 and Oct. 11 due to the Iraqi Parliamentary Elections. The next trading session will be held on Tuesday (Oct. 12). Please click here to view a table of listed companies and their […]
Tags: featured, Iraq Stock Exchange News, Iraq Stock Market Report, mn, Rabee Securities, stock market
Agility claims Win in Korek Fraud Case
By John Lee. [Amended 7th Oct 2021 to include comment from Korek Telecom.] UAE-based Agility has announced an arbitration decision by the Lebanese Arbitration Center of the Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon, in the lawsuit filed by its subsidiary Iraq Telecom against the Intercontinental Bank of Lebanon (IBL) and […]
Tags: Agility, featured, Intercontinental Bank of Lebanon (IBL), International Holding Company Limited, Iraq Telecom, Korek, Kurdistan News, Lebanon, mn, Orange, United Arab Emirates (UAE)
Iraqi Housing Fund to Increase Capital to $1.4bn
By Editor on 7th October 2021 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Politics
By John Lee. The Iraqi Cabinet has approval a doubling in the capital of the Iraqi Housing Fund. The capital will increase from 1 trillion to 2 trillion Iraqi dinars ($1.4 billion), with the additional funds to be paid by the Ministry of Finance. (Source: Office of the Prime Minister)
Miswag "Raises $1.6 Million" in Funding Round
By John Lee. Miswag, the Iraq-based B2C online marketplace, is reported to have successfully raised $1.6 million in a "Pre-Series A" funding round. According to The Start-up Scene, this brings its total investment raised to nearly $3 million since 2019. It adds that Miswag will use the funding to expand its commercial and technological teams […]
UK Law Firm advises on Iraq Port Deal
By Editor on 30th September 2021 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Transportation News
By John Lee. UK-based international law firm Clifford Chance has announced that it has advised International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) on the US$125 million financing of the development, construction, equipping and operation of both new and existing facilities at the Umm Qasr Port in Iraq. In a press release, the […]
Tags: Aloreen Investment, Clifford Chance, featured, International Finance Corporation (IFC), Japan, Japan International Cooperation Agency, JICA, mn, Switzerland, Terminal Investment Limited (TIL), Umm Qasr, Umm Qasr Port
Jordanian Firms Win $40m Construction Deals in Baghdad
By John Lee. Two construction projects in Baghdad, with a combined value of more than $40 million, have been granted to Jordanian companies. The news was revealed during a visit to Iraq by the Jordanian Minister of Public Works and Housing, Yahya Al-Kasabi, during which he met with the Mayor of Baghdad. The Mayor also […]
KESK Secures Six-Figure Seed Funding
By John Lee. KESK, which describes itself as a "green solutions company", has announced that it has secured six-figure seed funding from Euphrates Venture Capital Fund. Founder and CEO, Basima Abdulrahman (pictured), said: "My vision is to make smart green solutions trustable, accessible, and affordable. We simply want to make the green way, the easy […]
Final call for the Iraq Britain Business Forum
By Editor on 23rd September 2021 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
You are invited to attend the Iraq Business Forum on 27th September in Central Hall Westminster. Hear from IBBC members and British companies. Meet Iraqi businesses leaders interested to source products from the UK across multiple sectors. Enjoy one to one business meetings.
New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Future Investment Opportunities in Rafeel City Project Construction of housing compound in Missan (Maysan) (Source: National Investment Commission)