Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th May 2023). 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 1,012.2 -0.6% 11.2% RSISX USD Index 995.2 […]
From the Iraq Britain Business Council (IBBC): Iraq, Open to the world..an IBBC conference at the Mansion house, celebrating Iraq's return to international engagement. On 16th June IBBC are hosting possibly the largest delegation of Iraq businesses and government officials to the UK in recent times. This event is itself an indication of the more […]
From the Iraq Britain Business Council (IBBC): The IBBC management team attended an extensive round of meetings with officials in Iraq from May 14th - 20th. Led by IBBC President Baroness Nicholson and MD Christophe Michels, the visit first included the opening of and attendance at the first UK-Iraq Trade Fair at Al Burhan's new […]
By John Lee. Fitch Ratings has assigned Erbil's Region Trade Bank for Investment and Finance Private Shareholding (RTB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating reflects the bank's, "limited franchise, unstable business model, volatile and concentrated customer deposit base and weak albeit improving profitability." […]
By John Lee. Iraq's Cabinet has approved a substantial capital increase in the Fund for Supporting Small Income-Generating Projects. The fund's capital will be increased from the previous amount of 150 billion dinars to 1,350 billion dinars ($1 billion). According to a government statement, this expansion is part of the Ministry of Labor and Social […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th May 2023). 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 1,018.1 -1.7% 11.8% RSISX USD Index 1,001.1 […]
By John Lee. The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has approved amendments to the Bank's statutes to enable the limited and incremental expansion of its operations to sub-Saharan Africa and Iraq. According to a statement from the bank, the decision, taken at the EBRD's 2023 Annual Meeting in […]
By John Lee. Saudi Arabi'a Arab National Bank (ANB) has announced an investment of $38.2 million to create Arab Bank Iraq. ANB will have a 20-percent stake in the new bank. The full statement from ANB is as follows: Arab National Bank announces the approval of the Board of Directors on 14/5/2023 after obtaining the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th May 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,036.1 -1.2% 13.8% RSISX USD Index […]
By Ahmed Tabaqchali, Chief Strategist of Asia Frontier Capital (AFC) Iraq Fund, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Debt and the Ides of March: An Overview of Iraq's 2023 Federal Budget Proposal* […]
By John Lee. The Iraqi Minister of Construction, Housing and Public Works, Bengin Rikani [Bangin Rekani], has met with Kamel Ghribi, who is the Chairman of GK Investment Holding Group, President of GKSD Holding, President of GSD Healthcare Middle East and Vice President of Gruppo Ospedaliero San Donato (San Donato Hospital Group). They discussed potential […]
By John Lee. Pakistan's Attock Cement Pakistan Limited has given notice of an Extraordinary General Meeting (EGM) to be held on 25th May to approve the sale of its cement grinding facility in Iraq. According to a stock excchange filing, Attock proposes to sell its 60-percent share (18 million shares) in Saqr Al-Keetan for Cement […]
