Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By Mark DeWeaver. The ISX historically has tended to go down in the second half of the year. Last November, I argued that this may be due to the timing of capital increases. (See this post.) If this is the case, the recently announced new rules on share suspensions mean that the market will no […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,363 / $1.487, (+4.1%) (weekly change). The number of week traded shares was 6.7bn and the weekly trading volume was ID11.5bn ($9.6mn). ISX Company […]
By John Lee. Shares in Afren, the U.K.-based oil and gas company with operations in Iraqi Kurdistan, gave up some of their recent gains on Wednesday, but were still nearly 10% up on Monday's intra-day low on speculation of a takeover offer. According to This is Money, rumours were rife that Italy's ENI, and Exxon […]
By Mark DeWeaver. Original shares of Al Mansour Bank (BMNS) resumed trading on July 1 following the announcement of the bank’s capital increase and dividend plan. All shareholders will receive a 51% bonus share issue along with an IQD 0.068 / share dividend. Qatar National Bank (QNB) is also buying 85 bn new shares at […]
By John Lee. Following its recent fine on mobile phone operators Asiacell and Korek, Iraq's communications regulator is to fine Zain Iraq $12,864 a day since September of last year for failing to list on the country's stock exchange, according to Reuters. The three companies are required to list on the local stock exchange as […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,310 / $1.429, (-0.8%) (weekly change). The number of week traded shares was 15.3bn and the weekly trading volume was ID21.7bn ($18.3mn). ISX Company […]
Iraq's communications regulator has decided to fine mobile phone operator Asiacell $8,500 per day since September 1, 2011 for failing to list on the local stock exchange, according to a report from Reuters. Ahmed Alomary, commissioner of Iraq's Communications and Media Commission (CMC), also told the agency that the regulator had also decided to fine […]
Earlier this month, the Iraq Securities Commission (ISC) announced that it would be moving against violations of its Regulation 16, which covers insider trading. Effective July 1, the Commission threatened to bar violators from trading and to cancel their trades. Regulation 16 defines insiders as including members of a company’s board of directors and their […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st June 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,300 / $1.418, (+0.7%) (weekly change). The number of week traded shares was 44.4bn and the weekly trading volume was ID41.1bn ($34.5mn). ISX Company […]
The Central Bank of Iraq’s June 30 deadline for private-sector banks to raise capital to IQD 150 billion is fast approaching. Yet of the 21 ISX-listed lenders only three—North Bank (BNOR), United Bank (BUND), and Kurdistan Bank (BKUI)—have reached the target so far. Rabee Securities’ most recent bank sector report found that as of June […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
