Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. WesternZagros Resources has announced that it has entered into an investment agreement with Crest Energy International LLC, under which Crest will purchase, through a non-brokered private placement, 51,000,000 Common Shares in the Company at $1.25 per share for gross proceeds of $63.75 million. This price represents an approximate 25 percent premium to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th March 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,674 / $1,811 (-1.1%) (weekly change). The number of week traded shares was 39.8bn and the weekly trading volume was ID41.2bn ($34.3mn). ISX Company […]
The United States and Iraq today announced that the bilateral United States-Iraq Trade and Investment Framework Agreement (TIFA), first negotiated in 2005, is likely to enter into force later this year, providing a bilateral forum devoted to fostering greater trade and investment between our two countries. The announcement follows the Iraq Council of Representatives’ recent […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mobile phone company Zain Iraq announced that it will put 25% of its shares on the Iraqi stock market, less than three weeks after its rival Asiacell placed a portion of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th February 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,693 / $1,832 (+3.3%) (weekly change). The number of week traded shares was 13.1bn and the weekly trading volume was ID24.6bn ($20.5mn). ISX Company […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st February 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,639 / $1,773 (+0.3%) (weekly change). The number of week traded shares was 7.6bn and the weekly trading volume was ID17.6bn ($14.7mn). ISX Company […]
By Mark DeWeaver. In a move that is likely to mark the start of a new era for the Iraq Stock Exchange (ISX), National Bank of Kuwait (NBK) has begun offering custody support services for ISX-listed shares through its 80%-held subsidiary Credit Bank of Iraq. This is arguably the most important step forward for the […]
By John Lee. The Iraqi Ambassador to Canberra, Muayed Saleh [Mouayed M. Issa M. Saleh] (pictured), has urged Australian companies to investment in Iraq. At a meeting with the Australian Deputy Minister of Foreign Affairs, Peter Virgiz, the two sides discussed the economic relations between the two countries, and the Iraqi Ambassador called the on […]
John Lee. Zain Iraq's Chief Financial Officer, Wael Ghanayem (pictured), has told Bloomberg that the company plans to list 25 percent of its shares on the Iraq Stock Exchange (ISX) by the end of June. But Geoffrey Batt, managing director of the $44 million Euphrates Iraq Fund, told the news agency: “A more realistic estimate is […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Kurdistan Region of Iraq is preparing to change its investment approach to focus on new areas of foreign and local investment — including tourism, agriculture and industry — after […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th February 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,646 / $1,780 (+0.4%) (weekly change). The number of week traded shares was 92.7bn and the weekly trading volume was ID1520bn ($1.3bn). ISX Company […]
By Mark DeWeaver. I've often thought there should be a Nobel prize for corporate finance. It would go to the broker or investment bank that managed to place the largest IPO under the most unpromising circumstances. If there were such an award, I think Rabee Securities and its affiliate Melak Iraq would easily win this […]
