Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Iraq's Commission of Integrity has announced a court ruling sentencing Suha Dawood Elias Al-Najjar, former Chair of the National Investment Commission (NIC), to seven years in prison. The charges relate to alleged unlawful wealth accumulation and illicit gains. The Central Anti-Corruption Criminal Court issued the verdict in absentia, finding Al-Najjar guilty of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 5th December 2024). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Dec. 10, 2024 (Tuesday) due to a public holiday (Victory Day). The next trading session will be held […]
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. Market Marks a Milestone, Closing at an All-time High The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was 2.9%, […]
By John Lee. Iraqi edtech startup Eduba has reportedly been acquired by a major Iraqi ISP. According to a report from Tajarib, the company was sold for "an undisclosed seven-figure amount"; details of the acquiring company were not disclosed. In 2021, the company was one of nine business start-ups chosen for the second cohort of […]
By John Lee. A delegation from Iraq's Parliamentary Committees on Agriculture, Water, Marshlands, Economy, and Trade, led by MP Faleh Al-Khazali, visited the Polish Chamber of Commerce in Warsaw to discuss strengthening bilateral economic, agricultural, and industrial ties. The delegation met with Mr Shumovsky, Head of International Cooperation at the Chamber, and senior Polish trade […]
The Iraq Britain Business Council (IBBC) has published its Advisory Council report on the Ease of Doing Business in Iraq. The report outlines the challenges businesses face and provides actionable recommendations for the Iraqi government to foster a more business-friendly environment. The full report is now available on the IBBC website here. According to data […]
From Tajarib. Re-published with permission by Iraq Business News. QiCard Acquires Miswag The fintech conglomerate continues its series of investments with the acquisition of Iraq's largest e-commerce platform for an undisclosed seven-figure sum Tajarib has announced the International Smart Card Company's (better known as Qi or QiCard) seven-figure acquisition of Iraqi e-commerce giant Miswag. The […]
By John Lee. UAE-based law firm Habib Al Mulla and Partners has announced its expansion into Iraq with the opening of a new office in Baghdad. This expansion has been achieved through a strategic partnership with Iraq's Al Nesoor Law Firm. According to a press release, through this collaboration, the firm aims to facilitate foreign […]
By John Lee. Fitch Ratings has affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook.. More details here. (Source: Fitch Ratings)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 28th November 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,202.8 -2.4% 41.7% RSISX USD Index […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with representatives from Oliver Wyman to review key principles of the economic model for the Development Road Project. Discussions highlighted competitive advantages and governance strategies, focusing on both short-term and long-term frameworks. The meeting emphasized aligning the project with global advancements in governance and Iraq's vision […]
By John Lee. Iraq's National Investment Commission (NIC), in collaboration with the Ministry of Construction, Housing, and Public Municipalities, invites investment proposals for: the new Peace City in Najaf Governorate This project spans 3,912 dunams and offers four investment opportunities of equal area. Interested investors must purchase the investment portfolio for 30 million Iraqi dinars […]
