Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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 […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani met with a delegation of Egyptian, Saudi, and Iraqi business leaders specializing in real estate development and integrated smart cities. The delegation included Hisham Talaat Moustafa, Chairman of Egypt's Talaat Moustafa Group (TMG); Suleiman Abdul Qader Al-Muhaidib, Chairman of Saudi Arabian Al-Muhaidib Group, along Essam […]
By John Lee. Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi, announced the signing of a contract with Oliver Wyman, a consultancy firm, to provide advisory services for the Development Road project. Al-Saadawi stated that the consultancy will assist the ministry in marketing the project and overseeing investment opportunities. The contract, signed by Younis Khalid Jawad, […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani chaired a special meeting on Thursday to review the implementation of Cabinet Decision 320 (2022), which concerns converting agricultural land to residential use. According to a statement from his office, the Prime Minister examined the procedures and instructions taken to implement the decision and addressed […]
