Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Vinson & Elkins and Cleary Gottlieb Steen & Hamilton are advising Iraq’s oil ministry in a $17.2 billion deal with Royal Dutch Shell and Mitsubishi to develop the infrastructure required to process natural gas in the southern part of Iraq. The transaction agreements, which were signed on 27th November, came as Iraq attempts to rebuild its […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th December 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,462 / $1,622, +1.5%. The number of weekly traded shares was 7.4bn and the weekly trading volume was ID12.4bn ($10.6mn). […]
Bloomberg presents a news article on investment in Iraq: (Source: Bloomberg)
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st December 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,440 / $1,697, +9.0%. The number of weekly traded shares was 5.8bn and the weekly trading volume was ID10.0bn ($8.5mn). […]
Last month the Central Bank of Iraq co-hosted a conference with USAID’s Iraq Financial Development Project on “Integrating the Banking and Financial Services Sector in Iraq.” This event, which was held in Istanbul from November 18-19 covered two upcoming changes to the payments system that have the potential to revolutionize Iraq’s banking sector. The first […]
According to a report in the Financial Times, violence is not deterring investment bankers hungry for potentially lucrative deals in Iraq. Over the past year, a trickle of visits from intrepid bankers has turned into a steady stream of senior executives from some of the world's largest financial institutions. "The international banks can smell the […]
Waterford Finance & Investment Limited disclosed after the close of Monday's business on the London Stock Exchange it has increased its holding in Gulfsands Petroleum to 12.7%. This follows an increase to 6.39% on Wednesday, and to 9.27% on Friday. Waterford is an investment vehicle controlled by Russian investor Michael Kroupeev. Shares in Gulfsands Petroleum […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th November 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,321 / $1,465, -0.4%. The number of weekly traded shares was 6.9bn and the weekly trading volume was ID8bn ($6.9mn). […]
The Chairman of Kurdistan's Investment Board said that the board will adopt a more strategic approach and devolve investment licensing powers to its three provincial directorates. Minister Herish Muharam, speaking at the 'Iraq: Untapped Opportunities' conference in London, said, "To increase the efficiency of our Investment Board, we are delegating more of our operations to […]
British companies need to move fast if they are to gain a foothold in Iraq and avoid losing out to their competitors. This was the clear message given at the Middle East Association’s ‘Iraq: Untapped Opportunities’ conference held on 22nd November at the Dorchester Hotel, London. Supported by the National Investment Commission of Iraq, UK […]
At the 'Iraq: Untapped Opportunities' conference in London, Charles Hollis (pictured), Director General of the Middle East Association asked a panel of leading businessmen to make one suggestion each as to how Iraq can improve its development efforts. Hans Nijkamp, VP and Country Chairman for Iraq at Shell, said the authorities need to make a […]
This morning saw the launch of a major new guide to business in Iraq: Entitled "The New Iraq: 2012 Discovering Business", it was launched simultaneously in Dubai and at the "Iraq: Untapped Opportunities" conference in London. Published by Allurentis, in association with UK Trade & Investment (UKTI), the guide containes a wealth of case studies, […]
