Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Boutique investment bank Exotix Partners has issued a "buy" alert on Iraqi benchmark U.S.-dollar 2028 bonds on Tuesday, following a "sell" notice in September. The company says: "It seems that an extra level of country risk is being embedded in Iraq specifically, perhaps because the market views its debt as unsustainable. Having once […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th Mar 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD829 (-7.8%) / $851 (-8.2%) (weekly change) (-23.9% and -25.7% YTD change, respectively). The number of week traded […]
Fitch Ratings has revised its outlook on Iraq's Long-term foreign currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at 'B-'. The Country Ceiling has been affirmed at 'B-' and the Short-Term foreign currency IDR at 'B'. KEY RATING DRIVERS The revision of the Outlook reflects the following key rating drivers: […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd Mar 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD900 (-3.6%) / $927 (-3.3%) (weekly change) (-17.5% and -19.1% YTD change, respectively). The number of week traded […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD934 (-2.7%) / $958 (-3.5%) (weekly change) (-14.4% and -16.4% YTD change, respectively). The number of week traded […]
By John Lee. Tasnim News Agency reports that Iranian President Hassan Rouhani is scheduled to pay visits to Pakistan, Iraq and Austria in the coming weeks. President Rouhani is scheduled to visit Islamabad first, before heading to Baghdad and Vienna. (Source: Tasnim News Agency)
Head of KRG Foreign Relations, Minister Falah Mustafa, today welcomed the new Head of Embassy Office of the Republic of Korea, Mr. Young-Kyu Park. On behalf of the KRG, Minister Mustafa congratulated Mr. Park on his new post and assured him of the DFR’s full support to ensure the success of his mission. The Minister […]
By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] has said that Iraq’s oil and gas industry will need an investment of $300 billion over the next 15 years. He made the statement during a visit to Japan, at which he also discussed the long relationship between the two countries in the energy […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD959 (-0.9%) / $992 (-0.9%) (weekly change) (-12.0% and -13.4% YTD change, respectively). The number of week traded […]
By John Lee. Iraq is talking wtih Egyptian investors with a view to building two new industrial cities. Shafaaq News reports that Iraqi industry and minerals minister Mohammed Al Daraji (pictured) discussed the plan at talks in Egypt earlier this week. The agency also quoted Abdul Aziz Saifuddin, chairman of the Cairo-based Arab Industrialisation Organisation, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD968 (-1.0%) / $1001 (-1.3%) (weekly change) (-11.2% and -12.6% YTD change, respectively). The number of week traded […]
Prime Minister Dr. Haider Al-Abadi met business leaders and representatives of German companies in Berlin on Friday morning and welcomed the participation of German companies and investors in the building and reconstruction of Iraq and the development of its economy and the revitalisation of industry, agriculture, housing and other investment opportunities available in most of […]
