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: 13th July 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 1,087.7 4.7% 19.5% RSISX USD Index 1,069.5 […]
By John Lee. Egyptian billionaire Naguib Sawiris has met with Iraqi Prime Minister, Mohammed Shia Al-Sudani, to discuss a major project in Baghdad. No details of the project were given, but Sawiris, the Chairman of Egypt's Orascom Investment Holding company, had also met earlier this year with the Chairman of Iraq's National Investment Commission (NIC) […]
By Irina Slav for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Inks Long-Awaited $27 Billion Energy Deal With TotalEnergies The government of Iraq and TotalEnergies have signed a long-awaited deal worth $27 billion that should see Iraq's oil production grow […]
By John Lee. The Iraqi Ministry of Oil has signed four contracts, reportedly worth a total of $27 billion, with the French company TotalEnergies. The contracts cover a range of projects, including the development of the Ratawi [sometimes called Artawi] oil field, the construction of a 1GW solar power plant, and the transportation of seawater […]
By John Lee. UK Export Finance (UKEF), the UK's export credit agency, has said it sees "huge opportunity in Iraq". Speaking at the Iraq Britain Business Council's (IBBC) Spring Conference in London recently, Tim Palmer, Head of Renewables and Transition at UKEF, said: "As of today, we have about $1.5 billion worth of risk capacity […]
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. Construction Activity and Stability The market, as measured by the Rabee Securities RSISX USD Index was up 4.4% in June, and up 30.4% for the year. The […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th July 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 1,038.4 1.1% 14.1% RSISX USD Index 1,021.0 […]
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed three new members: Saudi-based Alkhorayef Group operates in the agricultural machinery, food distribution, oil technologies and water sectors, and partners with many of the largest global brands operating in KSA, including Volvo, Penta and Castrol. It operates in 40 countries, and employs more than […]
By John Lee. Iraq has been granted membership of the Egmont Group, which focuses on exchanging information among financial investigation units combating money laundering and terrorist financing. The vote took place during the group's 29th general meeting in the United Arab Emirates on Wednesday. The meeting was attended by Deputy Chief Judge of the Court […]
The United Kingdom and the Republic of Iraq agreed a joint communiqué to mark the UK-Iraq Strategic Dialogue, held in London on 3-4 July 2023: The Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom and Northern Ireland, the Rt Hon James Cleverly MP, hosted, Deputy Prime Minister and Minister of […]
By Salim A. Essaid for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Saudi Arabia, UAE invest $6 billion in Iraq operations The United Arab Emirates and Saudi Arabia will join together to boost trade and commerce in Iraq. Click here […]
By Louisa Loveluck and Mustafa Salim, for The Washington Post. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A building boom fueled by corruption is changing the face of Baghdad Twenty years after an American-led invasion plunged Iraq into conflict, a real estate […]
