Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Iraq's Ministry of Oil has announced the offering of a new investment refinery in Basra province. The facility at Fao [Faw] city will have a capacity of 300 thousand barrels/ day, and will be capable of being extended to produce the petrochemicals. (Source: Ministry of Oil)
By John Lee. National Investment Commission (NIC) Chairman Dr. Sami Al-Araji and Iraqi Permanent Representative in the UN, Ambassador Muhammad Ali Al- Hakeem, met recently with the Italian Deputy foreign Minister, Mr. Vincenzo Amendola, at the Italian Representation Headquarter in the UN. During the meeting the two sides discussed bilateral relations and the Italian efforts […]
On 13 February, Iraq signed the United Nations Convention in Transparency in Treaty-based Investor-State Arbitration ("The Mauritius Convention on Transparency"). During the signing ceremony held at Port Louis, Mauritius on 17 March 2015, eight States (Canada, Finland, France, Germany, Mauritius, Sweden, the United Kingdom and the United States) signed the Mauritius Convention on Transparency. Since […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th Feb 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1073 (-0.3%) / $1079 (-0.3%) (weekly change) (+12.1% and +14.3% YTD change, respectively). The number of week traded […]
By John Lee. The Iran Mercantile Exchange (IME) has set up a taskforce to "strengthen and deepen" its relationship with Iraq. Among the areas being considered are free economic zones on both sides, simplification of customs regulations, and the use of modern financial instruments like Certificate of Depositary Receipt based on warehousing systems to be […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd Feb 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1076 (-2.7%) / $1083 (-1.9%) (weekly change) (+12.1% and +14.3% YTD change, respectively). The number of week traded […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Anbar Families Seeking Safety Sell Homes At Half Price, Fuelling Real Estate Boom If there is one winner in the province of Anbar right now, it may well be those […]
By John Lee. US President Donald Trump has taken aim at Iranian influence in Iraq. He commented on Twitter: "Iran is rapidly taking over more and more of Iraq even after the U.S. has squandered three trillion dollars there. Obvious long ago!" He also said: "Iran has been formally PUT ON NOTICE for firing a […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th Jan 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1105 (+3.1%) / $1104 (+3.3%) (weekly change) (+15.2% and +16.5% YTD change, respectively). The number of week traded […]
ShaMaran Petroleum has announced that it that it has successfully completed the book build for the equity issue (the "Private Placement") announced on January 19, 2017, on a private placement basis, of common shares of the Company ("Common Shares"). The pricing of the Private Placement was determined during the book-building process to be CAD 0.10 […]
By Mark DeWeaver. Last November I was back at the American University of Iraq’s Institute of International and Regional Studies in Sulimaniyah, researching a report on the KRG’s latest economic reform initiatives. I was surprised to find that the KRG now has some promising programs underway to increase revenues and cut expenses. Given the dire […]
By John Lee. Following a visit by the Turkish Prime Minister Binali Yıldırım (pictured) to Iraq last week, an Iraqi business delegation has come to Turkey and proposed a $200-million construction project in Baghdad to Turkish businessmen. Tevfik Öz, a member of the board of the Turkish-Iraqi Business Council, told Daily Sabah that the Iraqi […]
