Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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, […]
By John Lee. Iraq's Cabinet of Ministers has approved a loan agreement between the Federal Ministry of Finance, Standard Chartered Bank and the German Deutsche Bank for the purpose of financing the construction of 13 secondary substations (132) kV, and the supply of 35 high voltage transformers with the German company, Siemens, for the Ministry […]
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 drifted lower in an Eid-holiday shortened month, as turnover declined substantially from July. However, life found its way back to the banks. For […]
By John Lee. The Trade Bank of Iraq (TBI) has reportedly announced the launch of a new $100-million investment portfolio fund. According to press reports, the Dananeer Fund has been set up in partnership with Cayman Islands-based Alpen Asset Advisors, and is structured as a "Segregated Portfolio Class B of the investment fund company". The […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Brick factory – State Company for Construction Industries Chlorine and Caustic Soda plant at Basra paper mill – State Company for Petrochemical Industries (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Arar Border Crossing Point – General Commission for Border Crossings Housing Compounds for Basra Federal Appeal Court Employees – Supreme Judiciary Council (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
