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 April 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,147 (-0.3%)/ $1,141 (-5.5%) (weekly change) ) (-17.6% and -23.0% YTD change, respectively). The number of week traded […]
By John Lee. Iraq has reportedly invited global investors to bid for its multi-billion-dollar Grand Faw port project. The Ministry of Transport put the project’s total cost at around $6.5 billion (7.6 trillion Iraqi dinars), adding that only "serious and financially able" companies can bid. The port has a planned capacity of around 99 million […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed the day down 9.9 percent, following the announcement that the company has successfully raised $40.7 million through a conditional placing of shares at a price of 32 pence per share, a 21 percent discount to the previous market close. The shares were placed through Mirabaud […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th March 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,144 / $1,200 (-5.9%) (weekly change) ) (-17.9% and -19.0% YTD change, respectively). The number of week traded […]
By John Lee. Genel Energy has announced that it has priced an issue of U.S. $230 million in senior unsecured bonds due 14 May 2019 on the same commercial terms as the existing GENEL01 PRO U.S. $500 million bond. The Bonds were issued at a market price in line with the trading level of GENEL01 […]
By Mark DeWeaver. This year the Ministry of Finance (MoF) is set to sell IQD 11 trillion in new debt to the state sector banks, thereby partially filling the hole in the central government budget left by the recent collapse in oil prices. The new issuance should bring total treasury bills outstanding to IQD 18 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st March 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,215 (+14.8%) / $1,275 (14.8%) (weekly change) ) (-12.8% and -14.0% YTD change, respectively). The number of week […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th March 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,058 (+2.9%) / $1,110 (+2.9%) (weekly change) ) (-24.0% and -25.1% YTD change, respectively). The number of week […]
Last week, the Rabee Securities ISX Index (RSISX) gained 2.9 percent to end the week at IQD 1058, reversing its recent sharp downward trend. But the market is still 24 percent below its level at the start of the year, having already lost more than 25 percent in 2014. The question for investors is where […]
Oryx Petroleum has announced an update on its 2015 capital expenditure plans and funding. Highlights: A 2015 capital expenditure forecast of $140 million a 60% reduction against the budget of $350 million set in November 2014 includes a 30% reduction in general and administrative costs Capital expenditures to be focused on production activities in the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th March 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,028 (-2.9%) / $1,079 (-2.9%) (weekly change) ) (-26.2% and -27.2% YTD change, respectively). The number of week […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th February 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,058 (-10.6%) / $1,111 (-10.6%) (weekly change) ) (-24.0% and -25.1% YTD change, respectively). The number of week […]
