Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Iraq has signed an amendment to the loan agreements provided by the German Development Bank (KfW) to finance several developmental projects. The signing ceremony last week was attended by Finance Minister Taif Sami Mohammed and the bank's representative to Iraq. The new amendment includes extensions for the disbursement period of the loans […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a meeting to follow up on the Baghdad Metro project, announcing the selection of the Vaskhod & Wontert Capital international consortium for the design, implementation, operation, maintenance, financing, and transfer of ownership (DBOMFT) of the metro. According to a statement from the Prime Minister's office, […]
By John Lee. The Spanish Export Credit Agency (CESCE) has signed an agreement with Iraq's Sovereign Guarantees Committee to enhance cooperation between Spain and Iraq. The €1 billion agreement aims to facilitate Spanish companies in executing mutually agreed projects to support the development of Iraq's private industry under CESCE's coverage. The agreement underscores the commitment […]
By Yerevan Saeed, for the New Lines Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. An Attack in Iraq Sends a Message: Closed To Western Energy Business Iraq's drive for energy self-sufficiency, fueled by potential future U.S. investment, and Türkiye's ambitions of reaching […]
By John Lee. In response to the high demand for its "Injaz/Enjaz" ["achievement"] bonds, first issued in May, the Central Bank of Iraq (CBI) will offer a second issue of these bonds on behalf of the Ministry of Finance. The total amount available is 1.5 trillion Iraqi dinars [$1.15 billion]. The bond are available for […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 25th July 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 1,773.3 -2.5% 14.1% RSISX USD Index […]
By John Lee. Iraq-focussed Finnish EdTech start-up Corrsy has announced the successful closure of its pre-seed investment round, raising $500,000. According to a press release from the company, "this significant milestone marks the beginning of an exciting journey to transform education in the MENA region through groundbreaking learning experiences." The investment round was led by […]
By John Lee. The Companies Registration Department of Iraq's Ministry of Trade said it has successfully processed the establishment of 324 national companies and registered 27 branches of foreign companies in June. According to a statement from the Ministry's media office, Director General Rashad Khalaf Hashim reported multiple decisions made during the month related to […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will growing Saudi investment in Iraq hit Iranian roadblock? Gulf Arab investment in Iraq has swelled in recent years, signaling a new and widening rapprochement with Baghdad. Yet, while Iran and Saudi Arabia last […]
By John Lee. On Thursday, Dr. Haider Mohammed Makkiya, President of the National Investment Commission (NIC), met with a team from the United Nations Development Programme (UNDP), led by Mr. Mamunur Rashid, the Environment, Energy, and Climate Change Program Portfolio Manager. According to a statement from the NIC, the discussions focused on enhancing cooperation between […]
By John Lee. Dr. Hayder Makia [Makiya, Makiyya], Chairman of the National Investment Commission (NIC), chaired a meeting to discuss preparations for the first-of-its-kind Iraq Investment Forum, scheduled for November. The meeting included Iraqi Economic Council President Ibrahim Al-Baghdadi and his delegation, as well as several senior officials and stakeholders from the commission. Dr. Makia […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 18th July 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (d/d) (%) Change (m/m) (%) Change (ytd) (%) Change (12M) (%) IQD-RSISX Index 1,817.9 […]
