Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
A local newspaper in Georgia, USA, reports that some local residents are buying Iraqi dinars in cash form, in the hope of profiting from a revaluation of the currency. According to the Moultrie Observer, people are buying boxes of crisp Iraqi dinars that look fresh off the printing press. It goes on to quote a […]
Foreign investors’ appetite for Iraq’s stock market is rising before planned IPOs by the country’s three mobile telephone operators, but the fledgling market’s small size means it may struggle to cope with the listings, according to a report from Gulf News. The Iraq Stock Exchange (ISX) is an outpost of private sector business in Iraq, […]
Iraq and Germany have signed a memorandum of understanding (MuO) in Baghdad, commiting them to cooperate in areas of industry, trade, agriculture and transportation. The Iraqi Minister for Industry, Ahmed Dali, told a press conference following the signing of the protocol that the signing of the MuO will encourage more German companies to come to […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd November 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,422 / $1,533, -7.7%. The number of weekly traded shares was 16.5bn and the weekly trading volume was ID24.8bn […]
Bloomberg reports that Paul Brinkley (pictured), the former U.S. Defense Department official who sought to attract companies to Iraq and Afghanistan, has started an investment and advisory firm with backing from billionaire Hyatt chairman Thomas Pritzker. Nawah LLC - short for North America Western Asia Holdings - will initially seek to invest in Iraqi companies […]
The World Bank’s investment arm plans to pump about $800 million into Iraq’s energy and banking industries over the next three years to help boost development in the private sector, a senior official said on Wednesday. Reuters reports that Rashad Kaldany, vice president of the International Finance Corporation, said between $300 million and $500 million […]
We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example: Will the Iraqi dinar increase in value? Will the currency be re-denominated, dropping the 'three zeros'? Is it wise to buy Iraqi dinar? Firstly, Iraq Business News is not in a position to give investment advice. […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th October 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,540 / $1,768, -4.5% (weekly change). The number of weekly traded shares was 19.8bn and the weekly trading volume was […]
In an interview with Bloomberg, the new CEO of the Abu Dhabi National Energy Company (TAQA) said the state-run company looking at more opportunities in Iraq, and aims to exploit the synergy in its oil, gas and power businesses. Last week the company agreed to invest $46 million in WesternZagros Resources, acquiring a 19.9 percent […]
ShaMaran Petroleum reports that, subject to regulatory approval, it will carry out a non-brokered, private placement of up to an aggregate of 125 million common shares of the Company at a price of $0.40 per share for gross proceeds of up to Cdn $50 million. Shares issued pursuant to the private placement will be subject […]
According to a report from Reuters, with better regulation and the expected listing of the country's three main mobile phone firms, foreign investors are increasingly choosing Iraq's stock market as a lucrative investment. Iraq's bourse is still tiny in comparison with other regional or international stock markets, but a drop in violence since the peak […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th October 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,613 / $1,790, -2.8%. The number of weekly traded shares was 11.6bn and the weekly trading volume was ID27.8bn ($23.8mn). […]
