Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Zain Iraq plans to finally go ahead with its stock market listing by early 2013 at the latest, according to a report from Reuters. Hisham Akbar (pictured), Zain's deputy chief executive and chief operating officer, told reporters on Tuesday that the company still needs to convert to a joint stock company in […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th September 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,426 / $1,542 (+1.0%) (weekly change). The number of week traded shares was 5.8bn and the weekly trading volume was ID10.5bn ($8.8mn). ISX Company Announcements […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,412 / $1,527 (-0.1%) (weekly change). The number of week traded shares was 6.4bn and the weekly trading volume was ID12.7bn ($10.6mn). ISX Company Announcements […]
Iraq is participating in the European-Arab Economic Forum, according to the Iraqi Ministry of Trade. Azad Hussein Rashid, deputy director-general of the Foreign Economic Relations Department at the ministry is attending the two-day forum with many business people from Arabic and European countries, as well as institutional investors from Arabic countries and delegates from industry associations. […]
Iraq's National Investment Commission is inviting representatives from government and regional government, and investors and businesses, to a forum to showcase Iraq's investment opportunities. A delegation will come from the Iraq Britain Business Council, headed by its experienced chairman Baroness Nicholson of Winterbourne (pictured, opening an IBBC office in Basra with the local governor, Dr […]
The process of scrapping old dinars and deleting zeros from Iraq's currency to replace it with more manageable numbers could cost the country billions, according to Ahmed Faizullah, the deputy chairman of the Parliamentary Finance Committee. Redenominating is up to Iraq's central bank, but it would cause chaos for government by redenominating after it has set […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,382 / $1,495 (+0.4%) (weekly change). The number of week traded shares was 5.7bn and the weekly trading volume was ID11.6bn ($9.7mn). ISX Company Announcements […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th August 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,377 / $1,489 (-2.2%) (weekly change). The number of week traded shares was 4.7bn and the weekly trading volume was ID10.1bn ($8.4mn). ISX Company Announcements […]
By Padraig O'Hannelly. For readers interested in investment opportunities in Iraq, I think it's fair to say that our Expert Bloggers have excelled themselves in recent weeks. Following the analysis of Iraq's banking sector by InvestAD's Sherif Salem earlier this month, Mark DeWeaver of Quantrarian Asia Hedge has been picking through the balance sheets of […]
By Mark DeWeaver. The ISX-listed industrials are best known for their main products, which include everything from polyvinyl chloride pellets (used for plastics production) to refrigerators and air conditioners. These companies are typically partially state-owned holdovers from Saddam Hussein’s time. Many have difficulty competing with imports. Often their factories are overstaffed, have obsolete machinery, and […]
By Jared Levy, Senior Middle East Analyst at Dunia Frontier Consultants. Dunia Frontier Consultants tracks foreign commercial activity (FCA) in Iraq, defined as investments, service contracts or any other form of commercial activity undertaken by non-Iraqi companies inside Iraq. An analysis of this data is undertaken annually in Dunia Frontier’s end-of-year Foreign Commercial Activity in […]
By John Lee. Following delays in its required stock market listing, which resulted in the imposition of fines by Iraq's communications regulator, Zain Iraq has announced key changes in its senior management, starting with the CEO Emad Makiya, who has stepped down from his post on Wednesday: Zain Iraq, an operating company of Kuwait's Mobile […]
