Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th June 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,855 (+3.5%) / $1,926 (+3.9%) (weekly change). The number of week traded shares was 11.1bn and the weekly […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th June 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,792 (+2.8%) / $1,854 (+1.7%) (weekly change). The number of week traded shares was 5.3bn and the weekly […]
By John Lee. Zain Iraq has moved a step closer to launching its mandatory initial public offering (IPO), by establishing a new holding company in Iraq through which it will list 25 percent of its shares on the Iraq Stock Exchange (ISX) towards the end of the year. The new company, named Al-Khatem Telecommunications, floated […]
