Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world, helping to improve energy access, prevent associated greenhouse gas (GHG) emissions and support a more resilient, sustainable energy sector in Iraq. BGC is […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq hosts historic summit with Jordanian, Egyptian Leaders The visit by Egyptian President Abdel Fattah Al-Sisi to Baghdad is the first by an Egyptian head of state since 1990. Click here […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th June 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD941 (+0.9%) / $825 (+2.9%) (weekly change) (+29.7% and +24.4% YTD change, respectively). The number of week traded […]
By John Lee. Mark Bryson-Richardson MBE has been appointed as the new British Ambassador to Iraq, taking over from Stephen Hickey. He will take up his appointment in July. Mr Bryson-Richardson has previously served as Deputy Head of Mission in Baghdad in 2013-14. More here. (Source: UK FCDO)
Advertising Feature The Greece Golden Visa is a residency by investment program. It allows investors the opportunity to invest in Greece's real estate sector, in exchange for a permanent residence there. Data from Enterprise Greece (an official agency of the Greek State) indicate that a total of 8.011 investors have gained Greece Golden Visa. The […]
By John Lee. Iraq's Parliamentary Finance Committee has reportedly warned the Central Bank of Iraq (CBI) of a possible collapse in the value of the Iraqi dinar (IQD) against the US dollar. Committee member Muhammad Al-Shabki told Shafaq News Agency that there are fears of the collapse of the Iraqi currency "in the coming period" […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th June 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD932 (+3.9%) / $801 (+4.6%) (weekly change) (+28.5% and +20.9% YTD change, respectively). The number of week traded […]
By John Lee. At their regular Cabinet meeting on Tuesday, Iraq's Council of Ministers approved the establishment of a new city around Baghdad International Airport (BIAP). The new city will be called Rafael [Rafeel], and it will cover 10,600 acres. The cabinet added that, "it will be available for investment opportunities, provided that the land […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th June 2021). Please click here to view a table of listed companies and their associated ticker codes. ISX decided to increase trading hours starting June 20, 2021 for every trading session. Accordingly, pre-opening period will be from 9:30 to 10:00 am. Trading […]
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Market Consolidates Gains" The market, as measured by Rabee Securities RSISX USD Index, paused its three-month string of gains in May, ending the […]
By John Lee. The UAE's Ambassador to Iraq, Salem Issa Al Zaabi, has reportedly to the Federation of Iraqi Chambers of Commerce that several major Emirati companies want to invest in Iraq. Salem Issa Al Zaabi added that he had a productive meeting with the Federation's President, Abdul Razzaq Al Zuhairi, who said that Iraq […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd June 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD896 (-2.3%) / $775 (-1.7%) (weekly change) (+23.5% and +16.9% YTD change, respectively). The number of week traded […]
