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 End the Year with a Bang The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was down 8.4% for the […]
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. Market Review: "The Opportunity in Retail Banking" The market, as measured by the Rabee Securities RSISX USD Index, was up 6.9% for the month, and up 16.2% […]
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. Market Review: "Banks & the Iraq Investment Thesis" The market, as measured by the Rabee Securities RSISX USD Index, started the year on a positive note with […]
By John Lee. Bahrain’s largest lender has increased its stake in the Commercial Bank of Iraq, according to Gulf News. In a stock exchange statement, Ahli United Bank (AUB) said it had bought an additional 25 billion shares -- equivalent to 10 percent of the shares -- bringing its holding to 64.71 percent. (Source: GulfNews)
At the end of June, Al Ahli United Bank (AUB) announced that it was seeking to raise its stake in Commercial Bank of Iraq (BCOI) from 49% to 60% by purchasing 6.6 billion BCOI shares in the Iraq Stock Exchange (ISX). The purchases are to take place over a two-month period starting July 4, with […]
