Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD877 (-1.4%) / $764 (-1.4%) (weekly change) (-4.5% and -5.1% YTD change, respectively). The number of week traded […]
By John Lee. Fitch Ratings has assigned the Sumer Commercial Bank (SCB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating reflects the bank's "weak operating environment, limited franchise, unstable business model and weak profitability". More here. (Source: Fitch Ratings)
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. "Sell in May and Go Away - in July !!!" The market, as measured by the Rabee Securities RSISX USD Index, was down 5.6% for the month, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD889 (-3.0%) / $774 (-3.0%) (weekly change) (-3.2% and -3.8% YTD change, respectively). The number of week traded […]
By John Lee. Iraq's National Investment Commission (NIC) has just published its Investor Guide to Iraq 2022. The 51-page report gives an overview of the investment climate in Iraq. Click below to download the full report: English Arabic See also Iraq Investment Map 2022. (Source: NIC)
By John Lee. Iraq's National Investment Commission (NIC) has just published its Iraq Investment Map 2022. The 195-page report includes details of investment opportunities, in addition to sectoral and regional data. Click below to download the full report: English Arabic See also Investor Guide to Iraq 2022. (Source: NIC)
By John Lee. Shares in Genel Energy were trading down around 5 percent on Tuesday morning, despite significant increases in revenue and profit announceed in its unaudited results for the six months ended 30 June 2022. Paul Weir, Interim Chief Executive of Genel, said: "Our cash generation in the first half of the year has […]
By John Lee. Fitch Ratings has said that Iraq's government debt is set to fall steeply as a share of GDP in 2022, bringing it to pre-Covid-19 pandemic levels. It adds that while this is positive for the sovereign's creditworthiness, the decline may not be sustainable, as it partly reflects political tensions that have constrained […]
The Iraq-based e-commerce business Orisdi has raised a new six figure investment round that included the participation of existing and new investors. The round was facilitated by the Iraqi Angel Investors Network (IAIN) and served to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round saw the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th July 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD948 (-2.1%) / $829 (-2.1%) (weekly change) (+3.3% and +2.9% YTD change, respectively). The number of week traded […]
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. Supplementary Budget Stabilises the Market The market, as measured by the Rabee Securities RSISX USD Index, was up 3.4% for the month, and up 5.1% for the […]
The Iraq Britain Business Council (IBBC) presented a webinar yesterday discussing a road map for the privatisation of the 176 state-owned enterprises (SOEs) in Iraq. Discussions were based on the recently-published IBBC paper, The Privatization of Iraqi State-owned Enterprises, the lead author of which was Professor Frank R. Gunter, of Lehigh University. The paper can […]
