Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th March 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,324 / $1,453, -1.4% (weekly change). The number of weekly traded shares was 5.0 bn and the weekly trading volume was ID10.2bn ($8.6mn). ISX […]
Archive | Investment
Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
EFG-Hermes Offers ISX Shortcut
At the end of last month the Egyptian investment bank EFG-Hermes announced that it would begin offering equity swaps on ISX-listed shares to institutional investors. (See this story.) This new product has the potential to bring about a dramatic increase in foreign participation in the Iraqi stock market. An equity swap allows an investor to […]
Turkish Bid to Build Schools in Basra
The head of the One Stop Shop Department in Basra Investmetnt Commission (BIC), Eng. Jalal Al- Noori, announced that the Turkish company Visalr has submitted an investment project to build private schools in Basra. He said the education sector is a top priority for the BIC, and that Basra has suitable lands allocated for such […]
Dunia Weekly Iraq Market Tracker
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 […]
Tags: al-Qaeda, Anbar, Arab League Summit, Basra News, Diyala, ExxonMobil, Gulf Keystone, Halliburton, Investment, Iraq, Iraq Oil Exports News, Iraqiya, Kurdistan News, Oil, Oil & Gas, Peshmerga, Ports, Tareq al-Hashemi
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8st March 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,343 / $1,474, +0.3% (weekly change). The number of weekly traded shares was 16.1 bn and the weekly trading volume was ID25.8bn ($21.8mn). ISX […]
Video: Rabee's Shwan Taha Interviewed
Shwan Taha, chairman of Rabee Securities, talks about foreign-investment opportunities in the Iraqi Stock Exchange. Taha speaks on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)
Tags: Rabee Securities, video
HSBC Analysts Review Iraqi Oil Valuations
Analysts at HSBC have reviewed on Monday the prospects for companies operating in the Iraqi oil sector, and issued new price targets: Afren: reduces its discounted-cash-flow-(DCF)-based target price to 175p from 179p, and maintains an overweight rating; Dana Gas: maintains an overweight rating and a sum-of-the-parts-(SOTP)-based target of AED 0.64; Genel Energy: initiates coverage with […]
Dunia Weekly Iraq Market Tracker
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 […]
Tags: al-Qaeda, Arab League, Basra News, Defense Ministry, Diyala, Exxon, KRG, Kurdistan News, Kurds, Maliki, Oil & Gas, Peshmerga, Sahwa, Saudi Arabia, Shahristani, Ta'mim
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st March 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,339 / $1,469, -0.5% (weekly change). The number of weekly traded shares was 5.5 bn and the weekly trading volume was ID9.5bn ($8.1mn). ISX Company […]
Bids Sought for New City in Anbar
Iraq's National Investment Commission (NIC) in cooperation with Anbar province and Anbar Investment Commission has announced several investment opportunities within the new Habbaniya [Habaniya] city in Anbar, with a total area of 16,000 acres: The project is a complete city and contains: 5,000 horizontal housing units; 11,000 vertical housing units; Schools (kindergartens, primary, intermediate, secondary […]
Iraq: Will a Rising Tide Lift All Boats?
Long-term investors in many Iraq-focused oil companies have had their patience amply rewarded, as shares in companies such as Gulf Keystone Petroleum (GKP) and DNO have registered significant gains. Tony Hayward, CEO of Genel Energy, puts this down in part to ExxonMobil's entry into Kurdistan, which has highlighted the opportunities in the region. So much […]
Tags: DNO, Exxon, ExxonMobil, Genel Energy, GKP, Gulf Keystone, Iraq Stock Exchange News, Orascom, stock market
ISX teaches lesson in patience
So far this year Iraqi stocks have been surprisingly oblivious to three very bullish developments. The Iraq Securities Commission has finally issued its instruction on custodian bank licenses. (See this post for more on custodian banks.) The European Central Bank (ECB) is running its printing presses at maximum capacity. And earnings are up sharply at […]