Archive | Investment

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

ShaMaran to List on NASDAQ First North

ShaMaran Petroleum Corp. has announced on Monday that it intends to apply for a secondary listing of its Common Shares on the First North list of the Nasdaq OMX Stock Exchange in Stockholm, Sweden. E. Ohman J:or Fondkommission AB has been engaged as the Company’s financial advisor in connection with the secondary listing. Trading on […]

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FDI Report - Iraq Nearly Triples FDI Projects

Iraq Business News' media partners at fDi Intelligence, by the Financial Times, have issued their new "Global Outlook Report 2011". The report finds that foreign direct investment projects into Iraq  increased by 175% in 2010, albeit from a very low base. Iraq attracted 7% of FDI into the Middle East region in 2010, up from […]

NIC's New Investment Software

The National Investment Commission (NIC) is getting ready to adopt the 'COMFAR' computer program to evaluate the feasibility of investment projects submitted to the commission.  The commission describes it as a "digital process that is adopted in most of the developed countries". An NIC official source said that this program is prepared by the United […]

KRG Temporarily Suspends Land Allocations to Private Companies

As part of the reform program announced by President of Iraqi Kurdistan, Massoud Barzani (pictured), and the Kurdistan Regional Government (KRG), all land allocations to private companies and investors have been suspended for two months, pending a new, more efficient mechanism for land allocations. This decision excludes agricultural and industrial projects, as well as projects […]

Diyala Forms a Committee to Study Foreign Investment Bids

The Governorate of Diyala has announced that it has formed a committee in order to study bids submitted by foreign investment companies intending to invest in the fields of accommodation, energy and infrastructure. In the last few months many international investment companies have considered investing in Diyala. “Diyala Governor Abdul Nasser Al Mahdawi received at […]

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Swedish and Turkish Companies Consider Tikrit Investment

The governorate of Salahaddin province said on Tuesday that representatives from Swedish and Turkish companies have met with senior council officials to discuss the implementation of a variety of strategic investment projects in the province. Salahaddin Governor’s first deputy, Ahmed Abdul-Jabbar al-Karim, told AKnews that the companies concerned specialize in 'economy' and construction. “The Governor […]

KRG High Representative to UK Talks to Iraq Business News

Iraq Business News recently had the pleasure of interviewing the Kurdistan Regional Government's High Representative to the United Kingdom, Ms Bayan Sami Abdul Rahman. Iraq Business News: Ms Abdul Rahman, thank you for taking the time to speak with us today. May I ask you firstly for your opinion about the ongoing protests in the […]

Are Iraqi banks a buy?

On March 11, Rabee Securities came out with the first-ever sector report on ISX-listed companies. The report, which could be thought of as something of a milestone for the Iraqi market, is on the banks—the most heavily weighted sector in terms of both trading volume and market cap. For me the main takeaway was that […]