Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th January 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,613 / $1,745 (-0.6%) (weekly change). The number of week traded shares was 23.3bn and the weekly trading volume was ID30.5bn ($25.4mn). ISX Company […]
Archive | Investment
Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Try Iraq for a True Frontier Market
By John Lee. Writing in the Financial Times, a partner at a London-based financial advisory business suggests Iraq as a true frontier market investment. Citing precedents such as Japan in the early 1960s and Russia in 1995, Richard Greer, a partner at Laurel Capital Kingsway LLP, says: "The greatest opportunities for emerging market investors have […]
"Rocky Road Ahead" for Asiacell IPO
By John Lee. Doubts have been expressed regarding Asiacell's ability to raise the record $1.27 billion planned in its forthcoming IPO (initial public offering). According to a report from International Financing Review, observers are said there is a strong possibility the deal may not go through. "The thing about these three Iraqi mobile companies is […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,623 / $1,755 (+0.5%) (weekly change). The number of week traded shares was 19.0bn and the weekly trading volume was ID33.7bn ($28.1mn). ISX Company […]
The New Iraq: 2013 Discovering Business
This week marks the 150th edition of our Iraq Business News newsletter, and we are delighted to mark the occasion by bringing you a major new guide to business in Iraq. Published by Allurentis, in association with Iraq's National Investment Commission (NIC) and UK Trade & Investment (UKTI), the fourth edition in the annual New […]
Tags: Allurentis, National Investment Commission, NIC, The New Iraq - 2013 Discovering Business, UK Trade and Investment, UKTI
ISX Cracks Down on Speculators
By Mark DeWeaver. On December 13 the ISX amended the Iraq Depository Center (IDC) bylaws to prohibit investors from owning the same names in accounts at different brokers. The new rule, which went into effect on January 7, requires anyone holding stocks in the same company through different brokerage accounts to transfer all of their […]
Tags: Iraq Depository Center, Iraq Stock Exchange News, ISX Iraq Stock Exchange News, Speculation, stock market
Asiacell to be Top Holding in Invest AD's Iraq Fund
By John Lee. Abu Dhabi's Invest AD plans to buy into the Asiacell IPO (initial public offering), making it the top holding in its Iraq fund. Sherif Salem (pictured), the manager of the Invest AD Iraq Opportunity Fund, and one of our Expert Bloggers on Iraq Business News, said: "Asiacell is going to be one […]
Tags: Abu Dhabi, Asiacell, Euphrates Iraq Fund, Invest AD, IPO, North Bank, UAE, United Arab Emirates
Asiacell IPO Opens for Subscription
By John Lee. Shares in Asiacell, the first of Iraq's mobile phone operators to list on the stock exchange, are now open for subscription. According to a statement from the company: • Investors are now invited to complete and submit their application forms to subscribe • 67.503 billion shares, representing 25% of Asiacell's share capital, […]
World Bank to Finance Lafarge Cement Plant in Kerbala
IFC, a member of the World Bank Group, is providing a $70 million loan to help renovate a cement factory in Iraq, part of an effort to support the local building sector and aid in the country’s reconstruction. The financing will allow Kerbala Cement Manufacturing, a subsidiary of France’s Lafarge, to rehabilitate a state-owned plant […]
Tags: cement, France, French Development Agency, International Finance Corporation (IFC), Kerbala Cement Manufacturing, Lafarge, MerchantBridge, Proparco, World Bank
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,615 / $1,747 (-1.8%) (weekly change). The number of week traded shares was 16.4bn and the weekly trading volume was ID25.3bn ($21.1mn). Note: ISX will […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,644 / $1,779 (-0.8%) (weekly change). The number of week traded shares was 15.8bn and the weekly trading volume was ID23.6bn ($19.7mn). Note: ISX will […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,655 / $1,790 (+2.0%) (weekly change). The number of week traded shares was 25.5bn and the weekly trading volume was ID32.3bn ($26.9mn). Note: ISX will […]