Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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 proxy Iraq […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th January 2012). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,456 / $1,598, -1.5% (weekly change). The number of weekly traded shares was 3.1 bn and the weekly trading volume […]
Advertising Feature Iraq Business News is delighted to bring you the latest Market Tracker report from Dunia Frontier Consultants. In This Report: Companies Mentioned: DNO, Exxon, Genel Energy, Gulf Keystone, WesternZagros Action Calls Maliki on way to de facto majority government Stability in government, but watch Kurds for Exxon, future of oil in both Kurdistan […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th January 2012). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,478 (-1.7%) / $1,622, -2.8%. The number of weekly traded shares was 1.9 bn and the weekly trading volume was […]
A deal for US fighter jets and tanks will not be stopped by political instability, reports Al Jazeera. The deal is reportedly for USD11bn-worth of weaponry. Since the US pulled out its remaining troops two weeks ago, violence has increased, arrest warrants have been issued against senior politicians opposing prime minister Nouri al-Maliki, and opposing […]
Iraq's stock exchange closed 34% up for the whole of 2011 due to the earliest foreign investors buying into Iraq's growth story. Undeterred by increasing security and political issues, and housing and power shortages, intrepid foreign buyers bought a net USD110m in shares this year in a market currently valued at $4bn. Next year will […]
The high price of oil could prove the latest projection of a USD14.5bn budget deficit in 2012 as being too pessimistic. The Cabinet approved a $100bn budget for 2012 in the first week of December, although it is still waiting for Parliament to give its approval. The budget is based on oil at an average […]
The plan is that every Iraqi will get a home, but, unfortunately, the vast amounts of money needed might be hard to find. Iraq Directory reports that prime minister Nouri al-Maliki has promised a "home for every citizen" in five years, with those who have no homes getting them at cost price. However, with the […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd December 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,504 / $1,668, +0.2%. The number of weekly traded shares was 6.4 bn and the weekly trading volume was ID14.1bn […]
Iraq's National Investment Commission (NIC) has announced an investment opportunity to establish new Foodstuff Testing Laboratories at the border crossing points. The labs will control all foodstuffs entering Iraq, and should be constructed according to special specifications that ensure the safe storage of all kinds of foodstuffs. They will be constructed according to investment law […]
Shares in Gulf Keystone Petroleum (JKP) jumped on Monday following yesterday's report that U.S. oil major ExxonMobil was considering a takeover bid at five times the company's closing share price on Friday. The shares were up as much as 34% in early trading on Monday, but had given up half those gains by mid-afternoon. Reuters […]
ExxonMobil is reportedly considering an $11 billion takeover of Kurdistan-focused explorer Gulf Keystone Petroleum. Reuters, citing the Independent on Sunday newspaper, said that Exxon is considering making an estimated 800 pence per share bid for the British company, which has made huge oil finds Iraqi Kurdistan. Neither company could be reached for comment by Reuters […]
