Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Asiacell has selected HSBC and Morgan Stanley to manage its initial public offering (IPO) on the Iraqi bourse, according to Bloomberg. Chief Executive Officer Diar Ahmed told the news agency that the company will offer 25 percent of its shares, but did not specify when. The company, which is an affiliate of Qatar Telecom, is […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th October 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,675 / $1,858, +0.9% (weekly change). The number of weekly traded shares was 5.5bn and the weekly trading volume was […]
The mobile phone operators are finally getting their IPOs [initial public offerings - A company's first offering of common stock to the public] organized. Recently Asiacell and Zain began conversions to joint stock ownership. Zain is also reported to have engaged Citibank and BNP Paribas to work on valuation. So far as I know, Korek […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th September 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,660 / $1,841, -0.4% (weekly change). The number of weekly traded shares was 4.1bn and the weekly trading volume was […]
With most Middle East stock markets having been dragged down by the turmoil unleashed by the Arab spring and a sputtering global economy, some adventurous fund managers have started exploring opportunities in the tiny Iraqi market, according to a report from Bloomberg. The Iraqi Stock Exchange, or ISX, says its main market index has surged […]
A new World Bank report released today, Republic of Iraq Financial Sector Review, highlights that while reforms are ongoing in the financial sector, the country needs to push further to ensure that a system still characterized by state-domination and lack of transparency reaches its full potential. The report stresses the critical importance of the financial […]
Iraq is striving to build a democratic State anchored in peace and the rule of law, with all communities living in harmony, irrespective of their sectarian, ethnic or factional affiliation, the country’s President, Jalal Talabani, told the General Assembly on Friday. “This is the basis for the path which we are moving on and continually […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd September 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,666 / $1,848, +1.6% (weekly change). The number of weekly traded shares was 2.7bn and the weekly trading volume was […]
The first of two new reports posted today on the IBN website puts the Iraq private banking sector under the spotlight. ‘Perspective on Iraqi private banks’ is researched and written by Ahmad Saleh and Tom Opdyke of IraqiXchange. The eight page report provides vital background data plus key stats on the sector. The second report […]
The Chairman of the Baghdad Investment Commission, Shaker A. Shabib, spoke recently with Padraig O'Hannelly for Iraq Business News, and outlined the opportunities available in Iraq's capital: Iraq Business News: I'd like to ask you firstly about the opportunities that are available in Baghdad; we hear a lot about the oil producing regions, but what […]
Asiacell has launched what may be the world’s smallest ever public offering, raising about US$ 8,500 through the sale of 10,000,000 shares at IQD 1 each. The subscription period started on September 14 at the Baghdad and Sulaimaniya branches of Al-Shamal Finance and Investment Bank and will continue for up to sixty days. Obviously this […]
The FMG Iraq Fund continues to outperform world stock markets. The fund was up some +2.0% in the month of August and it has risen by +25% since its launch in May 2010. The current size of the fund is now $20 million under management. FMG offers a retail share class for a minimum investment […]
