Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Qatar Petroleum (QP) has confirmed that it plans to invest in Iraq’s upstream oil businesses. President and CEO Saad Sherida Al Kaabi (pictured) told reporters: “I have met personally with the Iraq’s Oil Minister (Jabar Al Luaibi) and have conveyed my interest in investing Iraq’s upstream business, and he welcomed that. “Iraq […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report: Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended last week at IQD811 (+0.2%) / $836 (+0.2%) (weekly change) (-15.5% and -11.8% YTD change, respectively). The number of week traded shares was 17.0bn and the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Dec 2017). Note: ISX will be closed from December 26, 2017 to January 1, 2018 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2018. Please click here to download a table of listed companies and […]
By John Lee. Shares in Genel Energy closed the day up 5.9 percent on Wednesday, after the company's bondholders approved its proposal to reduce the outstanding bond debt from $421.8 million to $300 million. It will also extend maturity through amending and restating terms to a new 5 year tenor. DNB Markets and Pareto Securities […]
Over 300 participants, mostly youth, gathered in Baghdad on 12-14 October 2017 to participate in UNDP’s Innovation for Development workshop. Design Thinking and Lean Start-up methodologies were introduced as innovative tools to identify local development challenges and find solutions linked to the Sustainable Development Goals (SDGs) Iraq has adopted in early 2016. Design Thinking is […]
By John Lee. Diala State Company, which is part of Iraq's Ministry of Industry and Minerals, has announced opportunities to invest in a steam iron factory and a ceiling fan factory. (Source: National Investment Commission)
By John Lee. Ur State Company, which is part of Iraq's Ministry of Industry and Minerals, has announced an opportunity to invest in the rehabilitation of an aluminium factory. (Source: National Investment Commission)
By John Lee. Iraq's Ministry of Oil has announced that it will start rehabilitation of the Salahuddin refineries 1 and 2 in Baiji district. Through its North Refineries Company (NOC), it has called on local and international companies to supply the equipment outlined below: (Source: Ministry of Oil)
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has hosted a meeting in Baghdad with the French Minister of State for Foreign Trade, Jean-Baptiste Lemoyne, confirming the significance of the economic and financial relations between the two countries. Both sides expressed hopes for major cooperation in all sectors, including oil, industrial, agricultural, commercial, […]
Genel Energy has announced that it has instructed the trustee for the GENEL01 bonds (ISIN: NO 001 0710 882) ('GENEL01' or 'the Bonds') to summons a bondholders' meeting to resolve a refinancing of the existing Bonds. The Company proposes to refinance GENEL01 through a partial early redemption and debt reduction by replacing the existing Bond Agreement […]
By Ahmed Tabaqchali (pictured), 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 dog days of the summer extended from October into the first 10 days of November, as the 40 day Arba’een pilgrimage came to […]
By John Lee. Iraq's State Company for Steel Industries, which is owned by the Ministry of Industry and Minerals, has announced an investment opportunities to participate in the management and production of the following projects in accordance with the requirements fixed in the investment profiles: Sandwich Panel production Built-up sections and bridge girders production Metal […]
