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: 10th October 2013). Note: ISX will be closed starting from October 14, 2013 (Monday) due to Eid al-Adha Holiday. The next trading session will be held on October 20, 2013 (Sunday). Please click here to download a table of listed companies and their […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd October 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,712 / $1,812 (+2.5%) (weekly change). The number of week traded shares was 7.1bn and the weekly trading […]
Japan's Sumitomo Corporation has purchased about 320 million yen in shares (equivalent to 45% of shares) of SAS Automotive Services Ltd, a subsidiary of Iraq’s largest automotive business, the Sardar Group through a third-party allocation of shares. The company claims that this is the first private investment and joint venture by a Japanese company in […]
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW Nearly 900 civilians were killed across Iraq in September as sectarian violence worsened, raising the death toll for 2013 to more than last year's total, the United Nations reported this week. Sunni Islamist militants have perpetrated the overwhelming majority of violence, with the ISI leading the campaign. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th September 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,671 (-1.7%) / $1,776 (-2.7%) (weekly change). The number of week traded shares was 4.2bn and the weekly […]
Occidental Petroleum has reportedly begun trying to sell a minority stake in its Middle East unit for as much as $8 billion. According to a report from Bloomberg, Chief Executive Officer Stephen Chazen (pictured) has held talks with sovereign wealth funds and possible strategic partners for a 40 percent stake in the Mideast business, whose […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th September 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,697 (-2.6%) / $1,829 (-2.3%) (weekly change). The number of week traded shares was 4.1bn and the weekly […]
By Mark DeWeaver. So far this has been a bad year for shareholders of Dar Es Salaam Bank (BDSI). Adjusting for July’s 23.2% rights and 18.5% bonus issues, the shares are down 36% year-to-date (as of September 10). This compares to a ytd return of -5% for the ISX index and +6% for Rabee Securities […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th September 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,743 (+0.2%) / $1,873 (-0.1%) (weekly change). The number of week traded shares was 5.6bn and the weekly […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th August 2013). According to Central Bank of Iraq (CBI)’s announcement, CBI’s board has decided to lift custody over Warka Bank on August 25, 2013 after the Financial Services Court has made a final decision about the custody case on May 26, 2013. […]
The KRG’s Head of Foreign Relations recently received Armenia’s Deputy Minister of Economy, Mr Tigran Harutyunyan, and his delegation who were on a four-day visit to the Kurdistan Region. Deputy Minister Harutyunyan, who has visited the Kurdistan Region before, said that the aim of his visit is to further develop ties between Kurdistan and Armenia. […]
On Monday, the Central Bank of Iraq announced the increase of its US Dollar sales during Monday's auction after reaching $16278000 last Sunday. "The total US Dollars sold by the bank amounted to $288639000 at price of 1166 IQD per US dollar during the auction, which included the participation of twenty-four banks," CBI reported in a […]
