The Largest Private Equity MENA Deal of the Year to Close in Iraq
MerchantBridge, a direct investment and private equity company focused on Middle East investments, has now invested and managed in excess of US$1.5 billion in debt and equity in Iraq.
Baghdad Metro Projects on the Go
Baghdad Secretary Saber Al Issawi said that a contract was signed with a French international consultancy company to prepare the EoI requests for Metro Baghdad project - estimated cost ~$3 billion.
Venturing into Iraq Requires Significant Expertise
At the 'Doing Business in Iraq' conference in Dubai, experts advised that while there are immense potential investment opportunities in Iraq, the legal and regulatory hurdles require significant expertise and in-depth local market knowledge. According to a report in Emirates Business, Iraq's GDP grew by 4.30 per cent last year and the projected growth for […]
Kurdistan Full of Promising Investment Opportunities
According to a report from Aswat Al Iraq, Emirati businessmen said that there are promising investment opportunities in Kurdistan region, mainly in tourism, real estate, oil and agriculture sectors. A total of 41 Emirati businessmen and economic figures took part in the trade forum held in Erbil, with the participation of Prime Minister of Kurdistan […]
Top security expert blogs for IBN
Dr Michael Knights, a recognised authority on political and security risks in Iraq, is contributing an expert security blog in IBN starting this week. His firm, Olive Group, also contribute the first of their essential security updates. Unlike many post-2003 analysts of the Iraqi risk environment, Dr Knights has been working on Iraq since the […]
Iran to Build Housing Compounds Throughout Iraq
Iraq and Iran signed on Tuesday an agreement through which Iran will build housing compounds in Baghdad and number of Iraqi provinces. “The agreement was signed by the undersecretary of IraqiElectricity Ministry and Iranian embassy in Iraq,” said a release issued on Tuesday by the Iraqi Trade Ministry and received by Aswat al-Iraq news agency. […]
Iraq Plans to Double Baghdad Airport Capacity
* Plans to boost capacity to 15 mln passengers per year * Wants to build 3 new terminals at Baghdad Iraq plans to double capacity at Baghdad International Airport to 15 million passengers per year, the head of the country's civil aviation authority said on Tuesday. After years of sanctions and war, Iraq plans billions […]
Iraq Ministry of Electricity to Start New Projects
Iraq Minister of Electricity Karim Wahid said that the Ministry bids to open the door of investment in order to implement vital projects in electric power development field. Wahid told Alsumaria that he expects electric power supply to make an important progress during this summer. ( Al SumariaTV )
Turkey Wants to Integrate Iraqi Kurdistan Region Through Economy
With bilateral trade between the Iraqi Kurdistan Region and Turkey reaching US$9 billion, Massoud Barzani, the Kurdistan Region Government President, formerly an enemy of the Turkish government, was invited recently to Turkey for talks on increasing economic integration between the two entities. Lately, relations between Turkey and the Kurdistan Region have calmed significantly, progressing rapidly […]
ISX Up by 0.3% on Tuesday
The Iraqi Stock Exchange (ISX) went up on Tuesday by 0.3% to close at 94.6 points, while trading activities hit 10.572 billion Iraqi dinars. Today’s session saw trading over shares of 35 out of 84 electronically-registered firms, 16 of them went up. Traded shares hit 10.572 billion worth 19.281 billion dinars through 215 deals, with […]
UAE Minister in Arbil to Boost Economic Ties - Official
Foreign Trade Minister of the United Arab Emirates Lubna Khaled al-Qasemi arrived on Tuesday in Arbil in an official visit to foster economic and commercial ties between the UAE and the region, according to an official of the foreign relations department in the region. “President of the region Massoud Barzani received the minister and her […]
Iraq Discusses Establishing Duty Free Zone with Egypt
Iraq Ministry of Industry and Minerals said that it held a series of meetings with Cairo in order to discuss establishing a duty free zone between Iraq, Egypt and Jordan stressing that they didn’t reach a final agreement in this regard until now. On the other hand, some economic experts say that establishing such a […]