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: 16th July 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: ISX will be closed starting from July 19, 2015 to July 21, 2015 due to the national holiday of Eid Al-Fitr. The next session […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th July 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: ISX will be closed on July 14, 2015 due to an official holiday in Baghdad. ISX will be also closed starting from July 19, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th June 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,444 (+1.1%) / $1,475 (+3.5%) (weekly change) (+3.6% and -0.4% YTD change, respectively). The number of week traded […]
By Mark DeWeaver. This has been quite a year for the Iraqi dinar. From a level of IQD 1,217: USD 1 at the end of 2014, the market rate for the currency weakened steadily during the first quarter, penetrated a key support level at 1,290 in late April, and reached a low of 1,379 on […]
By Simon Kent. Zain Iraq is now listed on the Baghdad stock exchange, some 4 years after the company was required to do so under the terms of their market entry to Iraq, Reuters reports. Analysts such as Hassan Aldahan, chairman of Baghdad investment company Bain Alnahrain, explained that the 50% rise on share value was artificially […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th June 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,366 (+0.6%) / $1,319 (-0.5%) (weekly change) (-1.9% and -11.0% YTD change, respectively). The number of week traded […]
By Mark DeWeaver. Given the importance of oil for Iraq’s economy, you might think that the price of this commodity would be a key driver for Iraqi stocks. Strangely, this has not always been the case—most notably during the global financial crisis. From July to December, 2008, even as the oil price fell by a […]
By John Lee. Reuters reports that Zain Iraq will list on the Baghdad Stock Exchange (ISX) on 23rd June. Under the terms of its 15-year licence awarded in 2007, the company, along with Iraq's two other mobile phone firms, was required to float at least a quarter of its shares on the ISX by August […]
DNO ASA, the Norwegian oil and gas operator, has completed the placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.75 percent and an issue price of 87.5 percent of par value. The bond placement received strong investor demand across international markets and its combination of a fixed […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th June 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,358 / $1,325 (+2.3%) (weekly change) (-2.5% and -10.6% YTD change, respectively). The number of week traded shares […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th May 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,327 (+5.5%)/ $1,295 (+3.6%) (weekly change) (-4.7% and -12.6% YTD change, respectively). The number of week traded shares […]
By John Lee. BlackRock Frontiers Investment Trust has said that the fund's most significant detractors from performance were its Iraqi oil stocks. In its Half-yearly Report, the fund commented: "Although Kurdistan has started exporting oil through it's pipeline to Turkey, the International Oil Companies ("IOCs") are still not receiving payment for these exports which is […]
