Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,623 / $1,755 (+0.5%) (weekly change). The number of week traded shares was 19.0bn and the weekly trading volume was ID33.7bn ($28.1mn). ISX Company […]
Archive | Investment
Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
The New Iraq: 2013 Discovering Business
This week marks the 150th edition of our Iraq Business News newsletter, and we are delighted to mark the occasion by bringing you a major new guide to business in Iraq. Published by Allurentis, in association with Iraq's National Investment Commission (NIC) and UK Trade & Investment (UKTI), the fourth edition in the annual New […]
Tags: Allurentis, National Investment Commission, NIC, The New Iraq - 2013 Discovering Business, UK Trade and Investment, UKTI
ISX Cracks Down on Speculators
By Mark DeWeaver. On December 13 the ISX amended the Iraq Depository Center (IDC) bylaws to prohibit investors from owning the same names in accounts at different brokers. The new rule, which went into effect on January 7, requires anyone holding stocks in the same company through different brokerage accounts to transfer all of their […]
Tags: Iraq Depository Center, Iraq Stock Exchange News, ISX Iraq Stock Exchange News, Speculation, stock market
Asiacell to be Top Holding in Invest AD's Iraq Fund
By John Lee. Abu Dhabi's Invest AD plans to buy into the Asiacell IPO (initial public offering), making it the top holding in its Iraq fund. Sherif Salem (pictured), the manager of the Invest AD Iraq Opportunity Fund, and one of our Expert Bloggers on Iraq Business News, said: "Asiacell is going to be one […]
Tags: Abu Dhabi, Asiacell, Euphrates Iraq Fund, Invest AD, IPO, North Bank, UAE, United Arab Emirates
Asiacell IPO Opens for Subscription
By John Lee. Shares in Asiacell, the first of Iraq's mobile phone operators to list on the stock exchange, are now open for subscription. According to a statement from the company: • Investors are now invited to complete and submit their application forms to subscribe • 67.503 billion shares, representing 25% of Asiacell's share capital, […]
World Bank to Finance Lafarge Cement Plant in Kerbala
IFC, a member of the World Bank Group, is providing a $70 million loan to help renovate a cement factory in Iraq, part of an effort to support the local building sector and aid in the country’s reconstruction. The financing will allow Kerbala Cement Manufacturing, a subsidiary of France’s Lafarge, to rehabilitate a state-owned plant […]
Tags: cement, France, French Development Agency, International Finance Corporation (IFC), Kerbala Cement Manufacturing, Lafarge, MerchantBridge, Proparco, World Bank
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,615 / $1,747 (-1.8%) (weekly change). The number of week traded shares was 16.4bn and the weekly trading volume was ID25.3bn ($21.1mn). Note: ISX will […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,644 / $1,779 (-0.8%) (weekly change). The number of week traded shares was 15.8bn and the weekly trading volume was ID23.6bn ($19.7mn). Note: ISX will […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,655 / $1,790 (+2.0%) (weekly change). The number of week traded shares was 25.5bn and the weekly trading volume was ID32.3bn ($26.9mn). Note: ISX will […]
Energy Companies no Proxy for ISX
The latest article from our Expert Blogger Mark DeWeaver gives a concise overview of the fall and rise of the Iraqi Stock Market (ISX) over the past 15 months, and of some of the factors driving (and not driving) it. For the average non-Iraqi retail investor, however, it is difficult to participate in this market, […]
A Home-grown Rally
By Mark DeWeaver. Another roller coaster year for the ISX is drawing to a close. By the middle of May, the Rabee Securities RSISX index had fallen 24% from its early October 2011 peak. Since then, the market has staged a dramatic rebound. As of December 8, the index was down just 3% from the […]
Tags: Asiacell, Custodian Banks, EFG-Hermes, Foreign Investors, HSBC, IPO, Iraq Banking & Financial News, ISX Iraq Stock Exchange News
Iraq "The Next Big Market" For Baker Hughes?
By John Lee. An article from Seeking Alpha speculates that Iraq could provide solid opportunities to oil field services firms like Baker Hughes, but points out that there are significant risks and issues that need to be addressed before international firms can participate wholeheartedly in this promising market. Baker Hughes has been making steady progress […]
Tags: Baker Hughes