Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. The Iraqi Cabinet has approved sovereign guarantees totalling $3.25 billion, in relation to the development of the Nahr Bin Umar [Nahr Ben Umar] gas field in Basra. It also exempted the special purpose company Halfaya Gas Company Ltd. (HGC), which was established to develop the field, from the requirement to submit two […]
By John Lee. An delegation from the Kurdistan Regional Government (KRG) conducted a diplomatic mission to France and Italy from 26th to 29th March 2024, with a focus on investment. The mission was led by Safeen Dizayee, Head of the Department of Foreign Relations, and Dr. Mohammed Shukri, Chairman of the Kurdistan Board of Investment. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th March 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 1,555.7 -8.2% 0.1% RSISX USD Index 1,529.7 […]
By John Lee. The Iraqi Securities Commission (ISC) has announced the signing of a mutual cooperation agreement with the UK's Chartered Institute for Securities and Investment (CISI), marking the first Iraqi-British agreement in the financial market sector. This pact entails the exchange of information related to financial training programs and signifies a significant advancement in […]
By Sardar Aziz for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why the Iraqi ruling elites pivot to China Over the past 15 years, China has executed a strategy in Iraq that has been incredibly effective. By February 2024, Chinese firms […]
By John Lee. The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, has chaired the sixth meeting of the Supreme Committee for Reconstruction and Investment this week, discussing service and residential investment opportunities in various governorates. At the meeting, approval was given for a request from the National Investment Commission (NIC) to establish an iron and steel […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st March 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 1,695.3 2.5% 9.1% RSISX USD Index 1,666.9 […]
By John Lee. The US Ambassador to Iraq, Alina L. Romanowski, has expressed a wish for a strong US-Iraq strategic partnership that will benefit all Iraqis. In a statement marking the start of Ramadan, she highlighted: Since 2012, the U.S. Congress has appropriated more than $3.5 billion to build up Iraq's security forces. Over the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th March 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 1,654.0 -3.8% 6.4% RSISX USD Index 1,626.4 […]
By John Lee. Prime Minister Mohammed Shia al-Sudani has opened two major new fertiliser production facilities in Basra. The phosphates (DAP) plant was developed by AAA Holding Group, led by CEO Dr. Amet Selman. With a capacity of 500,000 tonnes per year, this extension marks a critical step towards enhancing the support for the Iraqi […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani received a delegation comprising businessmen, economists, and representatives from various sectors of the Egyptian private sector on Wednesday. During the meeting, the Prime Minister expressed the government's keenness to strengthen cooperation between Egyptian companies and various investment and industrial sectors in Iraq. He emphasized enhancing partnerships and […]
By John Lee. A subsidiary of the Iran-backed Popular Mobilization Forces (PMF), described as "The General Engineering Company", signed a memorandum of understanding yesterday (Thursday) with the China Machinery Engineering Corporation (CMEC). According to a press release from the PMF, the memorandum covers cooperation in various fields including construction engineering, trade, services, and energy projects, […]
