Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By Mark DeWeaver. While it has long been assumed that ISIS gets most of its money from donors in the Gulf, recently declassified documents suggest otherwise. Researchers at the RAND Corporation found that donations actually accounted for less than 5% of the group’s funding during the period from 2005 to 2010. (See this article.) The […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,727 (-1.4%)/ $1,853 (-2.0%) (weekly change) (-8.7% and -8.5% YTD change, respectively). The number of week traded shares […]
By John Lee. The escalating conflict in Iraq is making holders of the country's international debt nervous about repayment, according to a report from Reuters. The size of Iraq's dollar debt is relatively small - a $2.7 billion bond launched in 2006 in a restructuring of Saddam Hussein-era commercial debt. It is held by investors […]
By Mark DeWeaver. This week saw a dramatic turnaround in Iraqi stocks. Last Thursday’s selloff (see this post) accelerated into a mad dash for the exits on Sunday, with the RSISX losing 4.3% on virtually no advancing volume and 60% of the trading in limit-down stocks. On Monday the index fell another 3% to bottom […]
From Russia Today. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's largest oil refinery shut down Wednesday amid ongoing fighting between military forces and insurgents with the Islamic State in Iraq and Syria. The Beji refinery accounts for a quarter of the country's […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,727 (-5.8%)/ $1,853 (-5.8%) (weekly change). The number of week traded shares was 6.2bn and the weekly trading […]
By Mark DeWeaver. Iraqi stocks held up surprisingly well for most of this week despite the dramatic loss of much of Northwestern Iraq to extremists. Even following the fall of Mosul on Tuesday, Rabee Securities’ RSISX index was down only 2.6% for the week by Wednesday’s close. And while the ISX index fell 3.3% on […]
By John Lee. Bloomberg reports that Iraqi bonds have had their worst week in a year, as a result of the escalating violence in the country. Yields on January 2028 debt rose five basis points to 6.93 percent, taking this week’s increase to 55 basis points, the most since the period ended June 21, 2013. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,833 (-0.6%)/ $1,966 (+0.4%) (weekly change). The number of week traded shares was 3.8bn and the weekly trading […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,843 (-0.9%)/ $1,958 (-0.9%) (weekly change). The number of week traded shares was 2.9bn and the weekly trading […]
By John Lee. Growth in foreign direct investment (FDI) to Egypt, Iran, Iraq, Lebanon and Jordan should overtake the "expansion of flows" to the Gulf Cooperation Council (GCC) by 2019, according to a new report from London's Centre for Economics and Business Research (CEBR) and the ICAEW. The report focuses on the GCC member countries […]
By Melissa Hancock for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With the world's eyes focused on the recent Iraqi elections, little attention is being paid to the major changes taking place in Iraq's banking and finance industry. As part of an effort to liberalize the […]
