Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. The Kurdistan Regional Government's Council of Ministers has discussed the Kurdistan Region Mineral Investment Bill at its weekly meeting. Prime Minister Barzani stressed the importance of the Bill, describing it as a crucial step towards economic diversification and restructuring of investment in the Kurdistan Region's natural resources in a way that meets […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th October 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD932 (-1.5%) / $814 (-1.9%) (weekly change) (+1.5% and +1.2% YTD change, respectively). The weekly trading volume was […]
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has reportedly dismissed a German investor's claim arising out of the Iraqi Government's alleged takeover of a cement factory in Kirkuk. In the case (ICSID Case No. ARB/20/21), AHG Industry GmbH & Co. KG was said to be claiming $878 million […]
Iraqi private sector development company Kapita is running a Zoom webinar on "Startups Investment Awareness". The webinar will focus on investing for startup companies and the Iraqi Angel Investors Network (IAIN). Please click here to register. (Source: Kapita)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th October 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD946 (-1.8%) / $830 (-1.8%) (weekly change) (+3.1% and +3.1% YTD change, respectively). The weekly trading volume was […]
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. Markets Continue to Discount and Look through the Political Impasse The market, as measured by the Rabee Securities RSISX USD Index, was up 3.7% for the month, […]
By John Lee. A new startup has reportedly announced a new product that digitises real estate maps. According to a report from Iraq Tech, Optionline's Naxsha is cloud-based real-estate software that "offers agencies a customisable platform to build and use data to improve their sales strategy." The app currently only contains maps of Erbil city, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD964 (+2.5%) / $845 (+2.9%) (weekly change) (+5.0% and +5.0% YTD change, respectively). The weekly trading volume was […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan to launch SEZs for imports substitution Minister Muhammad Shukri discusses the Kurdistan Regional Government's (KRG) plans to set up 16 zones for life beyond oil. The full article can be viewed […]
By John Lee. Qatari mobile telecoms group Ooredoo is planning to sell its portfolio of transmission towers, which includes those owned by its Iraqi subsidiary Asiacell. Media sources suggest that this will be done on a sale-and-leaseback basis, and that the portfolio may be split by country. According to Reuters, Morgan Stanley is advising on […]
By John Lee. Moody's Investors Service has assigned first time local currency long-term/short-term deposit ratings of B3/NP for National Bank of Iraq (NBI), and foreign currency long-term/short-term deposit rating of Caa1/NP. At the same time, the rating agency has assigned a Baseline Credit Assessment (BCA) of caa2, Adjusted BCA of b3, as well as long-term […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd September 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD940 (+1.1%) / $822 (+1.1%) (weekly change) (+2.4% and +2.1% YTD change, respectively). The number of week traded […]
