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: 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 […]

Ambassador of Iraq in Tehran Presents his Credentials

By John Lee. Iraq's new Ambassador to Iran, Naseer Abdul Mohsen Abdullah, has presented his credentials to Iranian Foreign Minister Mohammad Javad Zarif. According to a statement from the Iraqi Ministry of Foreign Affairs, the importance of strengthening cooperation relations between the two countries was discussed, and the Ambassador expressed his hope for more cooperation […]

Genel Energy issues New $300m Bond

By John Lee. Genel Energy has successfully completed the issuance of a new $300 million senior unsecured bond with maturity in October 2025. The new bond will have a fixed coupon of 9.25% per annum. The transaction is subject to customary closing conditions and settlement is expected to occur on or about 14 October 2020. […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Sept 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD658 (-2.2%) / $689 (-2.2%) (weekly change) (-0.1% and -1.7% YTD change, respectively). The number of week traded […]

French Development Agency may open office in Baghdad

By John Lee. France has proposed the opening of a branch of the French Development Agency (Agence française de développement, AFD) in Baghdad. The idea was discussed at a meeting between the Head of Iraq's Europe Department, Ali Shamran, and Abdel Nour Barhami, the economic advisor at the French embassy in Baghdad. (Source: Ministry of […]

Call for EU to Remove Iraq from List of High-Risk Countries

Foreign Minister Renews Call for European Commission to Remove Iraq from List of High-risk Countries in Terrorist Financing and Money Laundering Foreign Minister Mr. Fuad Hussein has met with Mr. Josep Borrell, the High Representative for Foreign Affairs and Security Policy in the European Union, at the European Commission headquarters in Brussels. Minister Fuad Hussein […]

Iraq Stock Market now Positive Year-to-Date

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Sept 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD673 (+3.9%) / $705 (+3.9%) (weekly change) (+2.2% and +0.5% YTD change, respectively). The number of week traded […]

TBI Boss to Head Iraq Securities Commission

By John Lee. The Chairman of the state-owned Trade Bank of Iraq (TBI) has been chosen as the new head of the Iraq Securities Commission (ISC). Faisal Al-Haimus (pictured) will take over from Dr. Alaa Abdulhussein Al-Saeidi as Chairman of the regulator. Grant Felgenhauer, Managing Partner at Euphrates Advisors, an investor on the Iraq Stock […]

New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Construction of a Hospital Construction of a Fuel Station (Source: National Investment Commission)