Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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 […]
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. Tag Ends of Currency Upheaval Sparks Market Rally The market, as measured by the Rabee Securities RSISX USD Index, was up 12.5% for the month, and up […]
From the Iraq Britain Business Council (IBBC): IBBC attends first conference of petrochemicals, fertilizers and mineral investment hosted by Ministry of industry and minerals. The aim of the conference was to attract investors to the field of important minerals to the Iraqi economy, such as sulphur and phosphate, as well as the raw materials that […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th 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 1,049.2 -2.6% 15.3% RSISX USD Index 1,031.6 […]
By John Lee. Pakistan's Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq. Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches. The […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th April 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 1,076.7 -0.2% 18.3% RSISX USD Index 1,058.6 […]
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has appointed an ad hoc committee to consider the possible annulment of an award made in favour of the Iraqi Government, in relation to a dispute over the alleged takeover of a cement factory in Kirkuk. Germany's AHG Industry GmbH & […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th April 2023). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed starting from Apr. 20, 2023 (Thursday) to Apr. 24, 2023 (Monday) due to the religious holiday of Eid Al-Fitr. The […]
By John Lee. The Iraqi Jordanian Company for Industry, a joint venture set up by the Jordanian and Iraqi governments, has invited local and international companies to view the tender documents related to the development of the joint "Economic City" project (i.e. Free Zone) between Jordan and Iraq. The new zone will be built on […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, met with members of the Parliamentary Investment and Development Committee to discuss laws and legislations that support the investment sector in the country. Al-Sudani said the Grand Faw Port and the Iraq-Turkiye railway line [Dry Canal project] as pioneering investment projects that could […]
