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: 1st August 2013). Note: ISX will be closed from August 8, 2013 to August 11, 2013 due to the national holiday for Eid Al-Fitr. The next session will be held on Monday, August 12, 2013. Please click here to download a table of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th July 2013). Note: The Iraqi Government has announced that next Thursday (August 1, 2013) will be a public holiday due to high temperatures. Therefore, ISX will be closed on August 1, 2013. Please click here to download a table of listed companies and their associated […]
By John Lee. The Iraqi Government has announced that Thursday 18th July will be a public holiday due to the high temperatures. As a result, the Iraq Stock Exchange (ISX) will be closed. The next session will be held on Sunday (21st July). (Source: Rabee Securities)
By John Lee. American-based private equity firm Carlyle Group is reported to be looking for opportunities in Northern Iraq. A report from Dow Jones says the move comes as a result of a new $750m fund that the company hopes to raise to invest in the Middle East and North Africa. The firm, which is […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th July 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,845 (-0.9%) / $1,955 (-1.5%) (weekly change). The number of week traded shares was 6.2bn and the weekly […]
By John Lee. JPMorgan Chase is the latest international bank after Citigroup and Standard Chartered to expand business in Iraq, reports Bloomberg. The company has just signed a one-year agreement to help the Trade Bank of Iraq (TBI) finance imports of goods and services, John Gibbons, managing director and EMEA regional executive, told the news […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st July 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,862 (-0.2%) / $1,984 (-0.5%) (weekly change). The number of week traded shares was 34.0bn and the weekly […]
The NASDAQ OMX Group has entered an agreement with the Iraq Stock Exchange (ISX) to upgrade its current trading platform. Under the terms of the agreement, ISX will replace its existing NASDAQ OMX platform (Horizon) with one powered by the renowned X-stream technology. The upgrade is expected to be rolled out by mid-year 2014. "We […]
By Mark DeWeaver. Since the beginning of 2012 the Iraqi dinar has been on something of a roller coaster ride. Changes in central bank policy combined with strong dollar demand from Iran and Syria have twice pushed the market rate above 1280. Both times, subsequent increases in dollar sales at the central bank’s currency auctions […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th June 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,908 (+2.9%) / $2,013 (+4.5%) (weekly change). The number of week traded shares was 53.5bn and the weekly […]
By John Lee. Paulson & Co, the hedge fund run by John Paulson (pictured), has bought Cdn$70 million [$68.6 million USD] of WesternZagros 4.00% Convertible Senior Unsecured Notes ("Convertible Notes"). A portion of the proceeds from the Private Placement have been used to repay the remaining Crest Energy International ("Crest") debt of US$44.5 million plus […]
By Mark DeWeaver. A year ago I wrote a post called “Will the Banks Get More Time,” in which I argued that most of the ISX-listed banks weren’t going to make the central bank’s deadline of June 30, 2012 to reach IQD 150 bn in paid-up capital. I posted pretty much the same thing back […]
