Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th May 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,733 (-2.7%) / $1,823 (-1.5%) (weekly change). The number of week traded shares was 39.8bn and the weekly […]
Gulf Keystone Petroleum (GKP) has provided an update on its intention to move from AIM to the Premium Segment of the Official List of the London Stock Exchange. The Company will initially make an application for the Common Shares of the Company to be admitted to the Standard Segment of the Official List. The Company […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23th May 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,793 (+1.2%) / $1,852 (+2.9%) (weekly change). The number of week traded shares was 36.9bn and the weekly […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th May 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,771 (-1.7%) / $1,799 (-1.2%) (weekly change). The number of week traded shares was 33.4bn and the weekly […]
By Mark DeWeaver. I thought Sansar Capital’s recent report on the Iraqi banks was excellent. But I was surprised by its somewhat negative take on North Bank (BNOR). In particular, I found myself not entirely convinced by the following three points, which form the basis for their bearish case: Insufficient collateral for overdraft lending is […]
By Padraig O'Hannelly. At Iraq Business News we've always been clear that Iraq is a land of both opportunities and risks. The challenge for any investor or businessperson has always been to decide what risks are worth taking, and at what price. In the investment arena, real out-performance can only come from having a different […]
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 economy of the Kurdistan region of Iraq fluctuates according to the state of relations between Baghdad and the Kurdistan Regional Government. A key indicator of the region’s economy, real estate, […]
