Archive | Investment

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

Iraqi PM courts French Business Leaders

By John Lee. On the sidelines of his official visit to France, Prime Minister Mohamed Shia Al-Sudani met a group of French business leaders on Friday. Al-Sudani said the Strategic Partnership Agreement signed with France represents, "a framework for cooperation in all fields," adding that French companies investing in Iraq will be making the right […]

IBBC Trade Delegation meets New Iraqi Govt

The Iraq Britain Business Council (IBBC) President Baroness Nicholson of Winterbourne supported by Managing Director Christophe Michels, and Board Member Haider Al Shamaa led a delegation of 20 IBBC members to Baghdad to meet the new Government of Federal Republic of Iraq Welcomed by President of Iraq H.E. Abdullatif  Rasheed, and Prime Minister H.E. Mohammed […]

New Chair of Iraq's National Investment Commission

By John Lee. Dr. Haider Muhammad Makiya has taken up he new role as Chairman of Iraq's National Investment Commission (NIC). He immediately held a meeting with the Director Generals and senior officials, confirming the development of plans and strategies according to the governmental curriculum of the Prime Minister, Mr. Muhammad Shia al-Sudani, with the […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th January 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return         RSISX Index Closings Change (d/d) (%) Change (ytd) (%) Change (12M) (%) RSISX IQD Index 985.9 0.0% 8.3% […]

Prosperity comes to Sunni Provinces in Iraq

From The Jerusalem Post. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Prosperity comes to Sunni provinces in Iraq Three major Sunni Muslim provinces in Iraq are witnessing great prosperity after their liberation from ISIS in 2017, with building projects underway. Click here to […]

Is Iraq's Ecosystem Investment-Ready?

From Five One Invest. Re-published with permission by Iraq Business News. ECOSYSTEM OVERVIEW The Iraqi startup ecosystem started with a bang this year. In Q1 of 2022, we witnessed an unprecedented $10.5M investment round (Baly) and $5M (TipTop). The excitement revolved not only around investment value but also around the investor profile. Specifically, Baly's round […]

Alsaree3 Group in Iraq Receives Additional Funding

Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in December 2022, bringing its total amount of funding raised to over $6.5 million USD. Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented: "This funding will enable us to increase our market share and grow our […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th January 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return       RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 981.2 1.0% 7.8% RSISX USD Index 781.3 […]

Zain Iraq finalises Sale-and-Leaseback of Towers

By John Lee. Zain Group has announced that its operation in Iraq has entered into a definite 15-year agreement to sell and leaseback, as well as the management rights of the passive physical infrastructure of its 4,968 tower portfolio in Iraq to TASC Towers Iraq for US$180 million. The deal also comprises of TASC Towers […]

CBI Approves Sale of Bank of Baghdad

By John Lee. Kuwait's Burgan Bank has announced that the sale of its 51.8-percent share in Bank of Baghdad (BBOB) to Jordan Kuwait Bank (JKB) has been approved by the Central Bank of Iraq (CBI). The deal's completion is subject to the fulfilment of legal documentation and Iraqi Stock Exchange requirements. Burgan Bank is a […]

Increased Scrutiny of Land Allocation at Baghdad Airport

By John Lee. Prime Minister Muhammad Shia Al-Sudani has chaired a meeting to discuss the best use of lands surrounding Baghdad International Airport (BIAP). He ordered a ban on the granting or investment licenses and what was described as the "illegal disposal" of these lands, and stressed that any projects being implemented in this region […]