Archive | Investment

Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD877 (-0.02%) / $764 (-0.02%) (weekly change) (-4.5% and -5.1% YTD change, respectively). The number of week traded […]

$500m for Improvement of Public Services in Kurdistan

By John Lee. As part of reform efforts by the Kurdistan Regional Government's ninth cabinet to improve the delivery of public services and foster economic development in the Kurdistan Region, Prime Minister Masrour Barzani (pictured) has announced the government will allocate 736.7 billion dinars [$505 million] for the years 2022 and 2023 in cash and […]

KRG Cabinet authorizes 206 Projects in three years

The Kurdistan Regional Government's Ninth Cabinet has implemented several projects and authorized numerous others since assuming office on July 27, 2019. In the past three years, the Cabinet has authorized the implementation of 206 investment projects with a total budget of $11,629,355,000 in different areas of the Kurdistan Region. Crucially, of those 206 projects, 202 […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD877 (-1.4%) / $764 (-1.4%) (weekly change) (-4.5% and -5.1% YTD change, respectively). The number of week traded […]

Fitch Rates Iraq's Sumer Commercial Bank 'CCC+'

By John Lee. Fitch Ratings has assigned the Sumer Commercial Bank (SCB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating reflects the bank's "weak operating environment, limited franchise, unstable business model and weak profitability". More here. (Source: Fitch Ratings)

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD889 (-3.0%) / $774 (-3.0%) (weekly change) (-3.2% and -3.8% YTD change, respectively). The number of week traded […]

Investor Guide to Iraq 2022

By John Lee. Iraq's National Investment Commission (NIC) has just published its Investor Guide to Iraq 2022. The 51-page report gives an overview of the investment climate in Iraq. Click below to download the full report: English Arabic See also Iraq Investment Map 2022. (Source: NIC)

Iraq Investment Map 2022

By John Lee. Iraq's National Investment Commission (NIC) has just published its Iraq Investment Map 2022. The 195-page report includes details of investment opportunities, in addition to sectoral and regional data. Click below to download the full report: English Arabic See also Investor Guide to Iraq 2022. (Source: NIC)

Genel Energy: Strong Results, but Shares Down

By John Lee. Shares in Genel Energy were trading down around 5 percent on Tuesday morning, despite significant increases in revenue and profit announceed in its unaudited results for the six months ended 30 June 2022. Paul Weir, Interim Chief Executive of Genel, said: "Our cash generation in the first half of the year has […]