Tag Archives | Iraq Banking & Financial News

The latest Iraq financial and banking news including Dinar, Investment Oppportunities, Funds news and more.

HSBC ups BDSI investment

On June 7, HSBC announced that it would be subscribing in full to Dar Es Salam Bank’s (BDSI) 46.9% rights issue. The “world’s local bank” will be buying 23.7 bn new BDSI shares at IQD 1 each for the equivalent of about US$ 20.3 mn. (See this link for the announcement .) The HSBC subscription […]

A Russian suitor for Warka?

In March ISX-listed Qimma Financial Investment (VQUF) announced that Warka Bank’s majority shareholder, Saad Al Bunnia, had appointed it to “begin a formal auction process following a due diligence report carried out by Price Waterhouse Coopers.” The announcement, which was posted on Qimma’s website, went on to say that Mr. Bunnia was “interested in entertaining […]

An iBoost For Iraq's Private Banks

Private banking reform is needed in Iraq, but iPhones may help. Abu Talib Al-Hashimi, chairman of Gulf Commercial Bank, is critical of the state stranglehold on banking in Iraq, reports Aswat Al-Iraq. By holding government deposits at government banks only, "This situation made the private sector banking system paralyzed and lacking its flexibility as private […]

Are Iraqi banks a buy?

On March 11, Rabee Securities came out with the first-ever sector report on ISX-listed companies. The report, which could be thought of as something of a milestone for the Iraqi market, is on the banks—the most heavily weighted sector in terms of both trading volume and market cap. For me the main takeaway was that […]

Iraq and the new geopolitical calculus

By Tariq Abdell, Iraq’s political risk analyst, and Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. In light of ongoing socio-political changes in MENA region, Iraq's massive protests, from Zakho to al-Faw, accentuate the political astuteness and […]

Unlocking Iraq's potentials: strategy and constraints

By Tariq Abdell, Iraq's political risk analyst,  and Founder & CEO of  Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.  As Iraq-business news celebrates its one year anniversary, MENA region is witnessing a fundamental political upheavals and changes,  costing Mubarak of […]

ISX is region’s second best performer

With a year-to-date return of 14.6% as of February 7, the Rabee Securities RSISX index is the region’s second best performer so far this year. Only Iran’s TEPIX index, up 16.4%, did better. Regional stock markets have generally mirrored the lackluster performance of the Morgan Stanley global emerging markets index, which is down 1.8% year-to-date. […]