Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Gulf Keystone Petroleum (GKP) announced today the launch of an offering of senior unsecured convertible bonds which will be issued in a principal amount of US$ 50 million. The New Bonds are to be issued on the same terms (save for the issue price) as, and shall be consolidated and form a […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th October 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,760 (+2.5%)/ $1,865 (+2.4%) (weekly change). The number of week traded shares was 9.4bn and the weekly trading […]
By Matthew Gayle. According to Iraq Oil Report, the consortium managing the only producing natural gas field in Iraq's autonomous Kurdistan region is taking the Kurdistan Regional Government (KRG) to court, alleging overdue payments that are likely to total over $2 billion. Dana Gas, a United Arab Emirates fuel producer, began arbitration proceedings in London on rights […]
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 […]
