Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Iran and Iraq have reportedly concluded a $4-billion contract under which Iran will supply technical and engineering services to Iraq. The report from Iran's state-run PressTV gave no details of the deal, but quoted Hamid Hosseini, Director of the Iranian Oil, Gas and Petrochemical Products Exporters' Association (OPEX), as saying: "In the […]
By Patrick Clawson for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Changing Population Patterns Will Reshape the Middle East Iraq is expected to explode in population, presumably increasing in geostrategic importance in the process. Click here […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th November 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD913 (-1.0%) / $794 (-1.3%) (weekly change) (-0.5% and -1.4% YTD change, respectively). The weekly trading volume was […]
From the World Bank: Iraq Economic Monitor, Fall 2022: A New Opportunity to Reform The World Bank's new Iraq Economic Monitor, A New Opportunity to Reform finds that high oil prices have boded well for Iraq's economy pushing fiscal and external balance into double digit surpluses. After growing by 2.8 percent in 2021, GDP growth […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th November 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD923 (+3.2%) / $805 (+1.9%) (weekly change) (+0.5% and 0.0% YTD change, respectively). The weekly trading volume was […]
By John Lee. The International Finance Corporation (IFC), part of the World Bank Group, has proposed a corporate loan of up to USD65 million to Al Douh Cement, one of the leading producers of cement in Iraq, to finance the company's planned expansion of its production capacity. Al Douh was established in 2008 to meet […]
The Head of the KRG's Board of Investment, Mohammad Shokri, has laid the groundwork for the provision of 892 residential units in Zakho administration with a budget of 48.8 billion dinars [$33.4 million]. The project comes after 2,073 people with limited income filled online applications to be eligible for the residential units in Zakho. This […]
By John Lee. Iraq has set up a new 'Higher Commission for Combating Corruption', to investigate the most serious cases of corruption in the counrty. The new body will be headed by Judge Haider Hanoun Zayer (pictured), who recently took over as head of the Federal Commission of Integrity (FCOI). The announcement follows the recent […]
By John Lee. The Prime Minister, Mr. Muhammad Shia Al-Sudani, met on Sunday with a number of businessmen, investors and entrepreneurs in the private sector. During the meeting, they discussed the national economic situation, the prospects for the work of the private sector and its contribution to expanding job opportunities and development, and important obstacles […]
From the Iraq Britain Business Council (IBBC): As Iraq returns to the international stage with record oil revenues, stability, and a new Government, the IBBC extended its Autumn Dubai conference over three days to accommodate a record number of attendees and speakers. While energy is fundamental to Iraq, the conference branched out to encompass other […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan government in Iraq hopes digitalization will bring investment The Kurdistan Regional Government has made progress digitizing government services, but investors say more is needed to attract serious capital […]
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. Banks and the Predictability of Earnings The market, as measured by the Rabee Securities RSISX USD Index, which over the last two months discounted and looked through […]
