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 […]
Archive | Investment
Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Stock Exchange Boss Calls for Tax Breaks
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 […]
Iraq Stock Market Report
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 […]
ISX Year-end Jinx Lifted?
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 […]
Iraq Stock Market Report
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 […]
Afren Takeover Speculation
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 […]
Tags: Afren, Ain Sifni, Badra Rash, Barda Rash, ENI, Exxon, Exxon Mobil, ExxonMobil, Italy, VSA Capital
BMNS Soars as Trading Restarts
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 […]
Iraq Watchdog to Fine Zain for Failing to List
By John Lee. Following its recent fine on mobile phone operators Asiacell and Korek, Iraq's communications regulator is to fine Zain Iraq $12,864 a day since September of last year for failing to list on the country's stock exchange, according to Reuters. The three companies are required to list on the local stock exchange as […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,310 / $1.429, (-0.8%) (weekly change). The number of week traded shares was 15.3bn and the weekly trading volume was ID21.7bn ($18.3mn). ISX Company […]
Iraq to Fine Asiacell, Korek for Failing to List
Iraq's communications regulator has decided to fine mobile phone operator Asiacell $8,500 per day since September 1, 2011 for failing to list on the local stock exchange, according to a report from Reuters. Ahmed Alomary, commissioner of Iraq's Communications and Media Commission (CMC), also told the agency that the regulator had also decided to fine […]
Tags: Asiacell, CMC, Communications and Media Commission (CMC), IPO, Iraq Stock Exchange News, Korek, stock market, Zain
ISC Takes Aim at Insiders
Earlier this month, the Iraq Securities Commission (ISC) announced that it would be moving against violations of its Regulation 16, which covers insider trading. Effective July 1, the Commission threatened to bar violators from trading and to cancel their trades. Regulation 16 defines insiders as including members of a company’s board of directors and their […]
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 Hal, Baghdad, Basra News, DNO, Dunia Frontier Consultants, ENI, Erbil News, Exxon, ExxonMobil, Genel Energy, Gorran, Gulf Keystone, Heritage Oil, Iraq Banking & Financial News, Iraq Oil Exports News, Iraqi Parliament, Karbuli, KDP, KRG, Kurdistan News, LUKoil, Muqtada al-Sadr, Oil & Gas, PUK, Rosneft, Shell, Statoil, Total, Weatherford