Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. The new headquarters of the Company Registration Directorate, part of the Ministry of Trade, was opened in Baghdad on Saturday by Prime Minister Mohammed S. Al-Sudani. The event marked what his office described as a significant step in the government's ongoing initiative to modernise institutional operations and align them with modern technological […]
By John Lee. The Iraqi Cabinet has blocked a proposal to provide a sovereign guarantee for a rail project. A statement issued on Thursday evening through the Media Office of the Prime Minister stated: "Based on the investigation results issued by the investigative team of the Commission of Integrity regarding the partnership contract concluded between […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 12th December 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 2,186.9 -1.3% 40.7% RSISX USD Index […]
By John Lee. The US State Department issued its 2024 Investment Climate Statement for Iraq earlier this year. The report covers the following key areas: Openness To, and Restrictions Upon, Foreign Investment Bilateral Investment and Taxation Treaties Legal Regime Industrial Policies Protection of Property Rights Financial Sector State-Owned Enterprises Responsible Business Conduct Corruption Political and Security Environment […]
By John Lee. Iraq's National Investment Commission (NIC) Chairman, Dr. Haider Mohammed Makiyya, announced the signing of the Investment Protection and Promotion Agreement with Saudi Arabia on November 24, 2024. The agreement, finalized ahead of the 28th World Investment Conference in Riyadh, aims to create a secure environment for Saudi investors in Iraq, supported by […]
By John Lee. Iraq's Minister of Trade, Mr. Atheer Daoud Al-Ghurairi, emphasized the government's dedication to advancing economic, trade, and investment relations with Greece during his meeting with Mr. Dimitris Skalkos, Secretary-General for International Economic Relations at the Greek Ministry of Foreign Affairs, and Greek Ambassador to Iraq, Mr. Georgios. Key Highlights of the Meeting: […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, held a meeting with Adham Al-Fakhar, Chairman of the Iraqi-French Business Council, and its members to discuss promising strategic investment projects. Dr. Makiyya emphasized the NIC's commitment to advancing a forward-looking investment policy that prioritizes innovative projects to strengthen Iraq's […]
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 […]
