Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th February 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,184 (-6.3%) / $1,242 (-6.1%) (weekly change) ) (-15.0% and -16.2% YTD change, respectively). The number of week […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th February 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,264 (-2.2%) / $1,323 (-2.4%) (weekly change) ) (-9.3% and -10.7% YTD change, respectively). The number of week […]
By John Lee. The continuing war against the Islamic State (IS, ISIS, ISIL), coupled with the decline in oil prices, have reportedly made Iraqi regulators and government more receptive to reforms that would strengthen the economy and the stock market, according to an article in UAE-based The National. Shwan Taha, head of Rabee Securities, has […]
By John Lee. Anadolu Agency reports that international oil companies (IOCs) operating in Iraqi Kurdistan are reconsidering their investments as they have not yet been paid by the Kurdistan Regional Government (KRG). Gulf Keystone Petroleum (GKP) recently suspended crude oil exports by truck from Iraqi Kurdistan, and was reported in November as saying that it […]
By John Lee. Shares in Petroceltic plc were trading up nearly 4 percent on Tuesday, following a positive note from a London-based broker. Peel Hunt analyst James Carmichael claims that near-term drilling in Iraqi Kurdistan could significantly increase Petroceltic’s resource base. Proactiveinvestors says the broker has a ‘buy’ recommendation and a 202p price target for […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th February 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,292 (-0.1%) / $1,355 (-1.0%) (weekly change) ) (-7.2% and -8.6% YTD change, respectively). The number of week […]
By John Lee. Babylon Investment Commission (BIC) has invited investors to set up in the Industrial Zone at Al-Kefel, Babil. In a statement, the BIC said: Babylon Investment Commission is pleased to announce completing the procedures of specifying the Industrial Zone borders in Al- Kefel area to be extended on parts of the lots numbered […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th January 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,294 (+1.6%) / $1,369 (+0.8%) (weekly change) ) (-7.1% and -7.6% YTD change, respectively). The number of week […]
By John Lee. Shares in Afren plc have crashed by 67 percent by lunchtime on Tuesday, following an announcement from the company regarding its financing. The full text of the announcement follows: Afren plc ("Afren" or the "Company") provides an update regarding the review of its capital structure, liquidity and funding requirements announced on 20 […]
