Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 9th January 2025). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,290.4 1.8% 1.8% RSISX USD Index […]
By John Lee. The Iraqi Cabinet has approved a high-efficiency waste-to-energy power plant project in Baghdad. The plant, employing advanced incineration technology, will be developed by China's Shanghai SUS Environment Co. Ltd. on a designated plot in Nahrawan District. The National Investment Commission (NIC) has been authorised to issue the investment license and sign the […]
Rabee Securities has published its 2024 Annual Bulletin for the Iraq Stock Exchange (ISX). Click here to download the full report. RSISX & RSISXTR Index Change Index Name Closings Change (m/m) (%) Change (y/y) (%) IQD-RSISX Index 2,249.5 2.1% 44.8% USD-RSISX Index 2,211.9 2.1% 44.8% IQD-RSISXTR Index 3,718.1 2.1% 52.3% USD-RSISXTR Index 4,084.3 2.1% 52.3% […]
A shipbuilding executive has highlighted the need for shipyard development in Iraq's Basra governorate. Speaking recently at TEDx Baghdad, Abdullah Shaban, Executive Manager and Shipbuilding Engineer at Al Zaman Group, emphasised that Iraq remains the only Arabian Gulf nation without shipyard facilities, citing inadequate infrastructure as the primary obstacle. He outlined three key benefits of […]
By John Lee. Iraq's Oil Products Distribution Company (OPDC) has announced its 2024 fuel sales figures, showcasing extensive distribution across Iraq via retail outlets, electronic POS systems, and direct supply to state institutions, private companies, investors, displaced persons, the Ministry of Electricity, and aviation services. Director-General Hussein Talib Aboud attributed the successful distribution to coordinated […]
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. Khamenei pushes for US withdrawal from Iraq in meeting with Sudani Prime Minister Mohammed Shia al-Sudani's trip to Tehran is his first since the ouster of Syrian President Bashar […]
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. What Next After Two Gangbuster Years? The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 44.8% and 97.2% […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Tuesday with representatives of UAE's Crescent Petroleum, attended by the Ministers of Oil and Electricity. The meeting discussed the government's plans to advance gas investment in partnership with the private sector. The Prime Minister directed the Ministry of Electricity to proceed with […]
By John Lee. On Tuesday (7th January), iQ Networks, a subsidiary of Sulaymaniya's iQ Group, signed Iraq's inaugural dark fibre IRU framework agreement with Qatar-based Gulf Bridge International (GBI) in Baghdad. According to a statement from iQ, this landmark deal is a pivotal move towards establishing Iraq as an essential telecommunications hub. The event also […]
By John Lee. Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V. (PPL Asia), has received a payment of $6 million from Iraq's state-owned Midland [Middle] Oil Company (MdOC), in relation to the conclusion of its Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in in the Diyala and Wasit […]
By John Lee. The Iraqi Securities Commission (ISC) has published its main financial and economic indicators for 2024, highlighting significant growth in the performance of the Iraqi stock market. It said in a statement that the report reflects increased confidence in the market's role in supporting the national economy. Overview of Listed Securities Total Listed […]
By John Lee. Turkiye's Global Odeme Hizmetleri (Get Money Global) has been approved to provide foreign remittance services in Iraq within a credit agreement involving Western Union and MoneyGram. The announcement was made by the Central Bank of Iraq (CBI) and confirmed by Global Odeme Hizmetleri. (Sources: CBI, Global Odeme Hizmetleri)
