Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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). […]
The Warka Bank shareholders meeting originally scheduled for October 6 was held last Wednesday (Oct 12). From what I have heard from various sources, there was some good news and some bad news. The good news is that the bank will be getting an IQD 100 bn loan from the Central Bank of Iraq (CBI). […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th October 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,659 / $1,841, -0.9% (weekly change). The number of weekly traded shares was 3.0bn and the weekly trading volume was […]
The head of Invest AD, the Abu Dhabi-based investment firm, sees growth in Iraq and Qatar. Gulf News reports that performance by the firm's Iraq fund has been particularly strong. "This year, with political change in the Middle East, performance has been varied, with a large dispersion of returns across the region," executive director Mohammad […]
Iraq's stock exchange market will double its capitalization to $8 billion once the three main mobile-phone companies operating in the country are listed, according to Taha A. Abdulsalam, chief executive of the Iraq Stock Exchange (ISX). The three mobile phone operators, Asiacell, Korek Telecom, and Zain Iraq, are required by the terms to their licences […]
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 […]
