Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. The Central Bank of Iraq (CBI) has called on licensed banks to facilitate those wishing to obtain loans from the Renewable Energy Initiative. It said that borrowers have a right to choose the lending bank without the need to transfer their salary to that bank. (Source: CBI)
By John Lee. The U.S. Ambassador to Iraq, Alina L. Romanowski, and members of the Embassy's Economic Section welcomed diplomats from 11 embassies and international organizations to the U.S. Embassy on Tuesday. The meeting intended to focus efforts on increasing trade and investment in Iraq. In a statement after the meeting, the U.S. Mission to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD934 (+0.01%) / $816 (+0.01%) (weekly change) (+1.7% and +1.4% YTD change, respectively). The number of week traded […]
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 Discount and Look through Violent Clashes The market, as measured the Rabee Securities RSISX USD Index, was up 2.1% for the month, and up 1.2% for […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st September 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD934 (+5.1%) / $816 (+5.1%) (weekly change) (+1.7% and +1.4% YTD change, respectively). The number of week traded […]
By John Lee. Iraq's Mass Group Holding has bought a power plant in Romania. According to a statement from the administrator, Expert Insolventa SRL, the company has bought the Mintia thermal power plant (pictured) from Complexului Energetic Hunedoara SA for 91.2 million euro ($91 million) in a public auction. Mass Global Energy Rom, a subsidiary […]
By John Lee. The Central Bank of Iraq (CBI) reportedly expects cash reserves to reach $90 billion by the end of this year, up from about $80 billion currently. CBI Deputy Governor, Ammar Khalaf, told the Iraqi News Agency (INA) that the increase is a result of higher oil prices. He added that gold reserves […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD888 (+1.3%) / $776 (+1.6%) (weekly change) (-3.2% and -3.6% YTD change, respectively). The number of week traded […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD877 (-0.02%) / $764 (-0.02%) (weekly change) (-4.5% and -5.1% YTD change, respectively). The number of week traded […]
By John Lee. As part of reform efforts by the Kurdistan Regional Government's ninth cabinet to improve the delivery of public services and foster economic development in the Kurdistan Region, Prime Minister Masrour Barzani (pictured) has announced the government will allocate 736.7 billion dinars [$505 million] for the years 2022 and 2023 in cash and […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has said that the NIC has specified "a number of legal and financial conditions" to proceed with the development of the Bismaya Residential City southeast of Baghdad. She said the NIC is now waiting for a reply from South Korean firm […]
The Kurdistan Regional Government's Ninth Cabinet has implemented several projects and authorized numerous others since assuming office on July 27, 2019. In the past three years, the Cabinet has authorized the implementation of 206 investment projects with a total budget of $11,629,355,000 in different areas of the Kurdistan Region. Crucially, of those 206 projects, 202 […]
