Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Iraq and Iran have agreed to allocate 2,000 dunams [200 hectares; 500 acres] in Zurbatiyah for the creation of a new economic city. The announcement followed discussions today between Iraqi Prime Minister Mohammed S. Al-Sudani and the President of Iran, Masoud Pezeshkian, which focused on the border industrial zones, which are being […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met today with the President of the Islamic Republic of Iran, Mr. Masoud Pezeshkian, at the Governmental Palace in Baghdad. This meeting marked the beginning of President Pezeshkian's official visit to Baghdad, during which various topics of mutual interest were discussed, aiming to enhance cooperation and partnership […]
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. Companies' Earnings Growth Continues, while Market Takes a Breather The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 5th Sept 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 1,762.2 5.0% 13.4% RSISX USD Index […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has chaired a meeting of the High Committee for the Development Road Project. The session focused on reviewing the latest developments and progress in this strategic project, which includes key components such as energy, gas, electricity, and internet infrastructure. Updates included the completion of preliminary designs for […]
By John Lee. Switzerland has reopened its embassy in Baghdad, 33 years after closing it during the 1991 Gulf War. The reopening aims to strengthen bilateral relations and enhance cooperation in economic, security, and migration matters. In a statement, the Swiss Federal Department of Foreign Affairs (FDFA) said: "The new embassy will work to strengthen […]
By John Lee. Standard & Poor's (S&P) has affirmed Iraq's credit rating at B-/B with a stable outlook. According to Iraq's Ministry of Finance, the report highlights Iraq's financial and economic stability, driven by ongoing economic and fiscal reforms implemented by the Ministry. It adds that the stable rating reflects Iraq's strong foreign currency reserves, […]
By John Lee. Egypt's Talaat Moustafa Group (TMG) has informed the Egyptian Stock Exchange that it has started "the necessary legal and technical procedures" to begin projects and investments in Iraq. In July, company Chairman Hisham Talaat Moustafa was part of a delegation of Egyptian, Saudi, and Iraqi business leaders meeting with Iraqi Prime Minister […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, met with a group of Tunisian business leaders and private sector representatives in Tunis on Wednesday. During the meeting, Al-Sudani expressed his gratitude to Tunisia's President and Prime Minister for their warm hospitality, highlighting the deep fraternal ties between the two nations. He noted that the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 29th August 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 1,678.9 0.5% 8.0% RSISX USD Index […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, met with leading Egyptian business representatives in El Alamein, Egypt, on Tuesday, during his official visit to the country. The meeting emphasized the strategic relationship between Iraq and Egypt, highlighting the potential for economic integration between the two nations. Al-Sudani noted Iraq's ongoing recovery and stability, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 22nd Aug 2024). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Aug. 25, 2024 (Sunday) due to a religious holiday (The fortieth of Imam Hussein). The next trading session […]
