Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
The Iraq Britain Business Council (IBBC) was pleased to be an official partner of Chatham House’s “Iraq in Transition” conference on the 2nd and 3rd October. The event was held by the Chatham House Iraq Initiative, led by Dr Renad Mansour. On Thursday the 3rd of October the President of IBBC, Baroness Nicholson, chaired a […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd October 2019). Note: The government declared a curfew on Thursday in Baghdad. There was no internet and the stock market was closed. Next trading day will be on Sunday, October 6. Please click here to download a table of listed companies and […]
By John Lee. The Iraqi Minister of Finance has met with China's state-owned investment company CITIC Bank to discuss the financing of projects in Iraq. Minister Fuad Hussein held talks with CITIC Bank chairman Chang Zhenming, in the presence of the Iraqi governors, transport minister, and electricity minister. The projects are said to include rail […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th September 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD630 (+2.4%) / $678 (+2.4%) (weekly change) (-4.4% and -4.5% YTD change, respectively). The number of week traded […]
By Alice Bosley and Patricia Letayf, Co-Founders of Five One Labs. At Five One Labs, we work with idea or early-stage entrepreneurs from diverse communities to launch scalable, innovative businesses. We’ve had the privilege to work with tech startups like Dada, PHARX, Khanoo and more, and deeply understand the struggles that entrepreneurs who pursue apps, […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Production of diapers in Diwaniyah – State Company for Textile and Leather Industries Production of 9mm pistols – State Company for Military Industries Production of Unmanned Aerial Vehicles (UAV) – State Company for Military Industries Production of solvents and asphalt – […]
By John Lee. Prime Minister Adel Abdel Mahdi has reportedly said that Iraq will join China's "Belt and Road" [One Belt One Road] initiative. According to AFP, he made the announcement in a meeting with Chinese President Xi Jinping during a state visit to the country. President Xi said that China would like "to push […]
By John Lee. Prime Minister Adil Abd Al-Mahdi arrived on Thursday morning in the Chinese city of Hebei to participate in the World Conference on Industrialization. The visit follows the granting of two major contracts in Iraq to Chinese companies in recent weeks: China Construction Third Engineering Bureau will reportedly implement civil engineering projects and […]
By John Lee. The UK's Foreign & Commonwealth Office has announced that Mr Stephen Hickey has been appointed as British Ambassador to Iraq. He succeeds Mr Jon Wilks CMG, who will be transferring to another Diplomatic Service appointment. Mr Hickey will take up his appointment during November 2019. He has most recently served in New […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Babel Cement Plant – Iraqi Cement State Company Sulfuric Acid plant – Al-Furat State Company for Chemical Industries and Pesticides (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th September 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD620 (-0.3%) / $667 (-0.3%) (weekly change) (-6.0% and -6.1% YTD change, respectively). The number of week traded […]
By John Lee. Iraq's Deputy Foreign Minister Muayad Salih has said that he expects Russian companies to increase their investment in Iraq. Tass quotes him as saying that a Russian company is starting to develop of fields in the area of the Ramadi city, adding: "Hopefully investments there will top $45 billion by 2030." Meanwhile, […]
