Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Iraqi Finance Minister Taif Sami, along with her accompanying delegation, participated in the annual Spring Meetings of the World Bank Group and the International Monetary Fund (IMF), held from April 15 to 20, 2024, in Washington, D.C. The meetings addressed global economic challenges, economic development, financial stability, and related issues through general […]
By John Lee. Prime Minister Mohammed Shia' al-Sudani told a meeting of Iraqi expatriates in Houston, Texas, that the investment opportunities in Iraq are valued at around $400 billion. "Iraq is a country full of opportunities," he said, emphasising that Iraq is now focused on reconstruction and development. "Ongoing efforts may not always be fully […]
By John Lee. The Iraqi Prime Minister has said that Iraq will set up an Office for Expatriate Affairs, linked to the Prime Minister's Office, to address the needs and issues raised by Iraqi communities abroad Mohammed Shia' al-Sudani made the announcement at a meeting of Iraqi expatriates in Houston, Texas, following his visit to […]
By Dr. Joel Ruet, for Diplomatic Courier. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Foreign investment undermined by corruption risks in Iraqi Kurdistan Iraqi Kurdistan was once seen as a beacon of promise in the troubled country, but things have changed in recent […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 18th April 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 1,767.4 7.0% 13.7% RSISX USD Index […]
By John Lee. A delegation from Iraq, led by Deputy Prime Minister and Minister of Planning Mohammed Tameem, met with a delegation from the United States government, headed by Secretary of State Antony J. Blinken, in the High-Level Coordination Committee (HCC) meeting yesterday, April 15th. The meeting was held in accordance with the 2008 Strategic […]
By John Lee. CEO World magazine has ranked Iraq 93rd out of 199 countries in its index of World's Best Countries To Invest In Or Do Business For 2024. This puts it behind neighbours such as Iran and Kuwait, but ahead of Jordan and Syria. Singapore, United Kingdom and Taiwan take the top three places. […]
By John Lee. The Iraqi Cabinet approved the recommendations of the Sovereign Guarantees Committee regarding the Al-Khairat Power Station. The new facility is being built by Harlow International, which describes it as, "the largest thermal power plant project in Iraq ... which will provide more than 10% of Iraq's power demand when fully operational." According […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 9th April 2024). Note: ISX will be closed starting from Apr. 9, 2024 (Tuesday) to Apr. 11, 2024 (Thursday) due to the religious holiday of Eid Al-Fitr. The next trading session will be held on Apr. 14, 2024 (Sunday). Please click here […]
By John Lee. The Central Bank of Iraq (CBI) has said it will issue a new series of bonds on behalf of the Ministry of Finance. The "Injaz/Enjaz" ["achievement"] bonds will be offered in two denominations: A 500,000 Iraqi Dinar (IQD) bond with an annual interest rate of 6.5 percent for a period of two […]
By John Lee. The Development Fund for Iraq has signed Memoranda of Understanding with 12 Saudi companies. A statement from Saudi Arabia's Ministry of Investment did not specify the companies or the details of the MoU's, but said that they are intended to enhancing cooperation with Iraqi "in a number of qualitative investment projects." (Source: […]
By John Lee. Fitch Ratings has assigned Cihan Bank for Islamic Investment and Finance P.S.C (Cihan) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating, "reflects the weak operating environment, the bank's weak franchise, volatile business model, high risk appetite, including a high share of financial […]
