Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Basra Investment Commission has published a new guide for investors, covering such areas as opportunities, taxes, and how to get a visa. The quality of the English translation is rather poor, but it is still reasonably understandable. You can download the guide here.
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th August 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,362 / $1,473 (+0.2%) (weekly change). The number of week traded shares was 15.1bn and the weekly trading volume was ID19.6bn ($16.3mn). Note: There will […]
By John Lee. Like good comedy, the secret of good investment is often said to be timing. Someone buying shares at the end of June in Heritage Oil, which has interests in Iraqi Kurdistan, may have had reason to be concerned if they planned to sell shortly afterwards, as the shares were suspended in early July […]
By John Lee. Shares in Heritage Oil closed the day up 21% at 148.80p on Tuesday, following the resumption of trading on the London Stock Exchange. Trading in the shares had been temporarily suspended on 2nd July pending publication of a prospectus relating to the company's proposed acquisition in Nigeria, which was issued yesterday. On […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd August 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,360 / $1,471 (-0.3%) (weekly change). The number of week traded shares was 5.7bn and the weekly trading volume was ID8.9bn ($7.4mn). Note: There will […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,363 / $1,475 (-3.5%) (weekly change). The number of week traded shares was 20.4bn and the weekly trading volume was ID23.0bn ($19.1mn). Non Iraqis […]
By John Lee. The Chairman of the Board of Governors of the Iraqi Stock Exchange has reportedly called for a five-year tax holiday for companies listing on the Iraqi bourse, to encourage companies to float their shares. Laith al-Tamimi also called for the Registrar of Companies at the Ministry of Trade to expedite the incorporation […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,413 / $1,514 (+3.6%) (weekly change). The number of week traded shares was 22.5bn and the weekly trading volume was ID27.0bn ($22.6mn). ISX Company […]
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 […]
