Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th June 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ687 (-3.8%) / $694 (-2.6%) (weekly change) (-37.0% and -39.4% YTD change, respectively). The number of week traded […]
Economic reforms and investment opportunities in the Kurdistan Region of Iraq were highlighted during a one-day conference in the United States. The conference, titled ‘Iraq’s Economy: Challenges and Opportunities’, was hosted by the Johns Hopkins University’s Center for Transatlantic Relations on Thursday, June 2. Dr. Noori Othman, acting chairman of the Kurdistan Board of Investment […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd June 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ714 (+3.0%) / $713 (+3.0%) (weekly change) (-34.5% and -37.8% YTD change, respectively). The number of week traded […]
Shares in Gulf Keystone Petroleum (GKP) were trading down 4 percent on Wednesday despite an announcement that the company had secured a two-week extension of its standstill agreement with its bondholders: Further to the Company's announcement of 20 May 2016, Gulf Keystone announces today that, as discussions with the Ad Hoc Committee of holders of […]
The Chairman of Iran-Iraq Chamber of Commerce, Yahya Ale Eshaq, has called for increased investment and trade with the southern provinces of Iraq, including Basrah. Iraq's Basra Province is a good market for export of Iranian commodities including oil, gas, food, building materials, technical and engineering services, he added. The official referred to the resolution […]
By Simon Kent. Iraq's Finance Minister Hoshyar Zebari (pictured) and the IMF's Christian Josz (head of the IMF Iraq mission) have announced a standby loan for Iraq, following weeks of negotiations in Jordan. The loan is conditional on Iraq taking certain measures, for example, complying with an IMF monitoring scheme to reduce public sector expenditure and make […]
By Simon Kent. Greek Foreign Minister Nikos Kotzias has announced the opening of a consulate in Erbil, capital of the semi-autonomous region of Iraqi- Kurdistan. Greece already has an embassy in Erbil, and the announcement suggested the new consultate will "substantially upgrade" the country's diplomatic presence in Iraq. (Source: Independent Balkan News Agency)
By John Lee. Reuters reports that Iraq has raised the interest rate its $1.3-billion local bond issue in order to boost sales. The Central Bank (CBI) increased the rate from 6 percent to 8 percent, with the new rate applying to the whole issue regardless of when they were bought. The sales period will remain […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th May 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ702 (-7.0%) / $700 (-7.7%) (weekly change) (-35.6% and -38.9% YTD change, respectively). The number of week traded […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th May 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ755 (-3.3%) / $759 (-3.6%) (weekly change) (-30.8% and -33.7% YTD change, respectively). The number of week traded […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th Apr 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD780 (-2.3%) / $788 (-1.2%) (weekly change) (-28.4% and -31.2% YTD change, respectively). The number of week traded […]
By Padraig O'Hannelly. The United Kingdom's Ambassador to Baghdad has said Iraq has the potential to become an economic force in the region, and encouraged British businesses to take advantage of the opportunities it presents. Addressing senior executives at the Iraq Britain Business Council (IBBC)'s Spring Conference in London on Wednesday, H.E. Frank Baker OBE said […]
