Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, presided over a regular meeting of the Iraq Development Fund's Board of Directors. During the meeting, Al-Sudani emphasized the importance of the fund operating in line with international financial expectations to attract both domestic and foreign investors. He highlighted ongoing housing and school construction projects, reinforcing […]
By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, announced the country's openness to partnerships for its flagship "Development Road" project, during a forum in Baghdad titled "Development Road - Opportunities and Growth." The forum was hosted by Enki Foundation for Studies and Research. The event brought together economists, investors, and business leaders to discuss […]
By John Lee. The Iraqi President has said that, "Iraq stands at the threshold of a new phase of security, stability, and economic development." Addressing a delegation from the League of Arab States, Abdul Latif Jamal Rashid said Iraq offers an enabling environment and conditions for investing in major strategic development projects. Full statement from […]
By John Lee. Qatar Chamber (QC) has hosted a meeting with a delegation from Invest Kurdistan. The meeting aimed to strengthen economic and commercial relations between Qatar and the Kurdistan Region of Iraq. Discussions included an introduction to the investment climates and opportunities available in both regions. Full statement from Qatar Chamber: Qatar Chamber hosted […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 12th Sept 2024). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Sep. 15, 2024 (Sunday) due to a religious holiday (Prophet's Birthday). The next trading session will be held […]
By John Lee. Russian Foreign Minister Sergey Lavrov has said that Russia has invested over $19 billion in the Iraqi energy sector. "LUKOIL, Gazprom Neft and Rosneft account for the bulk of this investment," he added. The Minister made the comments at the opening ceremony of an exhibition marking the 80th anniversary of establishing diplomatic […]
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 […]
