Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Iraq is ready to give 190 investment projects to Iranian investors, according to a report from Iran's Mehr News. It attributes the statement to Iraqi industry minister Saleh Abdullah al-Jubouri (pictured), at a meeting with members of the Isfahan Chamber of Commerce on Wednesday. He is said to have added that the […]
By John Lee. The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister, Adil Abd Al-Mahdi, at which it discussed a series of recommendations by the Ministerial Committee for Energy regarding a number of strategic projects aimed at increasing Iraq’s oil production and exporting capacities. The Cabinet approved […]
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market took a breather, after the blistering May rally, to end the month down -0.71% as measured by the Rabee Securities RSISX USD Index […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced its intention to commence a share buyback programme, using the company's existing cash resources to make market purchases of Gulf Keystone common shares for a maximum consideration of US$25 million, with the first stage of that programme being initiated now to purchase Gulf Keystone shares for […]
By John Lee. The Iraqi government has issued a report on the implementation of its 2018-2022 programme. The report covers the period from October 2018, when the government came to office, to April 2019, providing an overview of what has been implemented from the government programme, identifying obstacles that may impede the completion of several […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th July 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD642 (-3.0%) / $690 (-3.0%) (weekly change) (-2.6% and -2.8% YTD change, respectively). The number of week traded […]
By Padraig O'Hannelly. A major petroleum conference in London has been told that more than 200 British companies now operating in Iraq, and those numbers are increasing. Addressing more than 300 delegates at CWC's Iraq Petroleum conference, British Ambassador Jonathan Wilks CMG said: "The UK and Iraq are becoming increasingly strong business partners and education […]
By John Lee. A new report by Ali Al-Mawlawi (pictured) argues that the targets of Iraq's National Development Plan (NDP) are far too optimistic. In a paper for the Al-Bayan Center for Planning and Studies, entitled "Iraq’s National Development Strategies: Exploring Weaknesses in Policy Planning and Investment", he says greater coordination is required between the […]
This weekend, the Iraq Britain Business Council (IBBC) hosted its annual members’ retreat at Cumberland Lodge, Windsor Park, which was generously sponsored by Al Burhan Group. As with previous years, it was very well attended by over seventy delegates, and allowed our members to mingle and network with representatives of other businesses, civil servants, and […]
By John Lee. Iraq and the Netherlands have signed a double taxation agreement on Monday. Iraqi Finance Minister Fuad Hussein is quoted as saying that avoiding double taxation will improve the business environment and help to attract foreign businesses and investments to Iraq. (Sources: Iraqi Ministry of Finance, Kurdistan 24)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th June 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD662 (+0.04%) / $762 (+0.04%) (weekly change) (+0.4% and +0.2% YTD change, respectively). The number of week traded […]
Hedge fund industry journal Alpha Week is reporting that in the month of May 2019 Northern Gulf Partners’ investment fund Iraq Investment Partners I (IIPI) was the world’s best performing emerging markets hedge fund according to data compiled by the BarclayHedge Global Hedge Fund database. IIPI increased 13.57% net of all fees during the month. […]
