Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
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 […]
Orderii, a cross-border e-commerce platform closed a 6-figure pre-seed round in October 2022. The platform provides logistics services for sought-after goods only available on foreign sites. Founder and CEO of Orderii, Shakir Ayad Al Jammas (pictured below), commented: "We have been serving the Iraqi customer for several years now, enabling them to purchase products from […]
Inward investment in the Kurdistan Region's agriculture rose from 1.5% to over 10% under the Kurdistan Regional Government's (KRG) Ninth Cabinet, which has been working to diversify the Kurdistan Region's economy sector by mainly focusing on developing the sector. The KRG has been working on building strong industrial and agricultural infrastructure in the Region to […]
By John Lee. Iraqi Prime Minister has reportedly told a press conference that his government intends to increase the value of the Iraqi dinar (IQD) against the US dollar. Kurdistan24 quotes Mohammed Shia al-Sudani as saying that the interests of the needy were not taken into consideration when the currency was devalued by approximately 20 […]
By Basima Abdulrahman, Rania Baker and Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: KRG's Financial Conundrum | Iraq's Real Estate Boom […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd October 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD901 (-2.1%) / $795 (-2.1%) (weekly change) (-1.9% and -1.2% YTD change, respectively). The weekly trading volume was […]
