Archive | Investment

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

KESK Secures Six-Figure Seed Funding

By John Lee. KESK, which describes itself as a "green solutions company", has announced that it has secured six-figure seed funding from Euphrates Venture Capital Fund. Founder and CEO, Basima Abdulrahman (pictured), said: "My vision is to make smart green solutions trustable, accessible, and affordable. We simply want to make the green way, the easy […]

Market Review: "Summer Fireworks"

By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. August started as a typical quiet and slow summer month in which the combination of the scorching summer heat, the holiday season, and the start of the […]

DNO Completes $400m Bond Placement

DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new five-year senior unsecured bonds with a coupon rate of 7.875 percent. The placement met strong investor demand across international markets and was significantly oversubscribed, leading the Company to upsize the new bond issue from USD 300 […]

Baghdad Conference for Cooperation and Partnership

Final statement of the Baghdad Conference for Cooperation and Partnership On August 28, Baghdad hosted the Baghdad Conference for Cooperation and Partnership, at the level of leaders and presidents to support Iraq and discuss challenges, common issues and future prospects. The participants expressed their thanks and appreciation for the efforts of the Republic of Iraq […]

Baghdad conference to establish Cooperation, Partnership in Region

By Ali Mamouri for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Baghdad conference to establish cooperation, partnership in region Baghdad Conference stressed the necessity of supporting Iraq, providing a great boost to the Iraqi government. Click here to read the […]

NIC may Compensate Investors who suffered due to ISIS Terrorism

By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has confirmed that the NIC is studying compensating investors who are still continuing their investment projects despite suspension for four years due to ISIS terrorist gangs. She indicated that the study includes submitting a proposal to the Council of Ministers and […]

Japan extends $300m Loan for Basra Refinery

By John Lee. Japan's Minister for Foreign Affairs, Motegi Toshimitsu, visited Iraq on Saturday, meeting with Foreign Minister Fuad Hussein, Prime Minister Mustafa Al-Kadhimi, and President Barham Salih. Minister Motegi announced that Japan intends to extend the "Basrah Refinery Upgrading Project (Phase 3)" Yen loan project (up to the amount of 32.7 billion yen) [$300 […]

IBBC hosts member event at Al Majal business park

From the Iraq Britain Business Council (IBBC). On Monday 16th August The Al Majal Business Park, Burjessia, generously held a lunch for IBBC members and friends, on behalf of IBBC. The lunch was hosted by Mr Richard Cotton and Mr Mohanad Al Khattab and around 40 guests attended. Richard Cotton brought greetings from Baroness Nicholson […]