Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Fitch Ratings has assigned Trade Bank of Iraq (TBI) a Long-Term Issuer Default Rating (IDR) of 'B-' with Stable Outlook. According to Saudi Gazette, this makes TBI the first bank in Iraq to get B- from Fitch. IDRS AND VIABILITY RATING TBI's IDRs are driven by the bank's Viability Rating (VR) and underpinned by potential […]
The Al-Bayan Center for Planning and Studies has proposed the creation of sovereign wealth fund in Iraq. Once used by only a few countries around the world, Sovereign Wealth Funds (SWFs) are becoming an increasingly common feature of international finance and state-led economic development. An increasing number of countries, predominantly developing countries, who rely on the export of commodities […]
His Excellency Prime Minister Adil Abd Al-Mahdi expressed his country's pride in the level of relations with Japan, commended the Japanese government for its support in the fields of security, stability, reconstruction projects, economic and cultural cooperation. His Excellency said during his reception to the Japanese Prime Minister's Special Adviser Kentaro Sonoura and his accompanying […]
By John Lee. More than 100 top executives from more than 50 US companies visitied Iraq last week as part of a US-Iraq trade mission. Steve Lutes, vice president of Middle East Affairs at the U.S. Chamber of Commerce, said: "We want to expand and diversify the US involvement in commercial activity [in Iraq] ... […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th December 2018). Note: ISX will be closed during December 26, 2018 - January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019. Please click here to download a table of listed companies and their associated […]
By John Lee. GDP growth in Iraq is expected to hit 4.1 percent in 2019, up from 2.8 percent this year, acccording to data from Moody's. The gain is based on an expectation of oil prices averaging $75 per barrel, and would be the highest level since 2016’s 13.1 percent expansion. The National quotes the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th December 2018). Note: ISX will be closed on Monday (Dec. 10, 2018) due to the anniversary of the victory against ISIS. The next trading session will be on Tuesday (Dec. 11, 2018). Please click here to download a table of listed companies […]
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. Average daily turnover in November continued to improve, increasing 24% on the back of October’s 24% month-on-month growth. However, the recovery is coming from an […]
KRG Prime Minister Nechirvan Barzani received Lebanese Minister of Foreign Affairs Gebran Bassil, Minister of State for Combating Corruption Nicolas Tueni, and their accompanying delegation. In the meeting, also attended by Kurdistan Regional Government ministers and senior officials, they discussed the political situation in Iraq including the post-election process, and the formation of the new […]
By John Lee. Iraq's National Investment Commission (NIC) has identified five main issues hindering investment in Iraq: Not applying the One Stop Shop (OSS) law as it should be applied and denying the OSS representatives the required authorities to decision making; Difficulties in allocating lands and being subject to interpretation and wishes of various bodies; […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th November 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD650 (-2.0%) / $697 (-2.0%) (weekly change) (-19.9% and -16.6% YTD change, respectively). The number of week traded […]
By Ruslan Mamedov for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Putin eyes visit to Baghdad amid growing Russian-Iraqi contacts Lately, official Russian-Iraqi contacts have been intensifying noticeably. On Nov. 23, Russian Foreign Minister Sergey Lavrov and Iraqi President Barham Salih met behind […]
