The latest investment news from Iraq – news on the Dinar, finance and more – brought to you by Iraq Business News
Iraq is participating in the European-Arab Economic Forum, according to the Iraqi Ministry of Trade. Azad Hussein Rashid, deputy director-general of the Foreign Economic Relations Department at the ministry is attending the two-day forum with many business people from Arabic and European countries, as well as institutional investors from Arabic countries and delegates from industry associations. […]
WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") is pleased to provide an operational update for its Kurdamir and Garmian Blocks and a corporate update. KURDAMIR BLOCK Kurdamir-2 Exploration Well Testing of three separate intervals within the approximate 500 metres of gross pay in the Cretaceous reservoir commenced on July 28, 2012. However, the […]
Iraq's National Investment Commission is inviting representatives from government and regional government, and investors and businesses, to a forum to showcase Iraq's investment opportunities. A delegation will come from the Iraq Britain Business Council, headed by its experienced chairman Baroness Nicholson of Winterbourne (pictured, opening an IBBC office in Basra with the local governor, Dr […]
The process of scrapping old dinars and deleting zeros from Iraq's currency to replace it with more manageable numbers could cost the country billions, according to Ahmed Faizullah, the deputy chairman of the Parliamentary Finance Committee. Redenominating is up to Iraq's central bank, but it would cause chaos for government by redenominating after it has set […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Foreign net buying of ISX-listed shares has been waning since the middle of last year. After rising from about IQD 900 million for all of 2010, average weekly net buying by non-Iraqis rose to over IQD 4 billion in the first half of last year but then declined to about IQD 2.8 billion in the […]
A deal for US fighter jets and tanks will not be stopped by political instability, reports Al Jazeera. The deal is reportedly for USD11bn-worth of weaponry. Since the US pulled out its remaining troops two weeks ago, violence has increased, arrest warrants have been issued against senior politicians opposing prime minister Nouri al-Maliki, and opposing […]
Iraq's stock exchange closed 34% up for the whole of 2011 due to the earliest foreign investors buying into Iraq's growth story. Undeterred by increasing security and political issues, and housing and power shortages, intrepid foreign buyers bought a net USD110m in shares this year in a market currently valued at $4bn. Next year will […]
Levels of violence rose in Iraq over the past week. Conditions are still quieter than July and June but they have been gradually worsening over the course of September. Last week saw a series of brutal attacks, mainly in the central region, affecting Baghdad and the provinces of Anbar and Babil. Mosul in the north […]
Khalil Bin Abdullah Al Khonj, chairman of the Oman Chamber of Commerce and Industry (OCCI) met Habib Yousr Al Hashmi, the Chairman of the Iraqi Businessmen Union, on Tuesday, according to Oman Tribune. Al Khonji talked about exchanging visits and delegations to enhance trade and investment between the two countries, and in both the private and public […]
The Iraq Future Energy Conference will be hosted in Istanbul, Turkey, from 26th September to 29th September. There is a full programme to demonstrate how energy and infrastructure companies can take a piece of the projects worth tens of billions of US dollars. Attendees can learn about the Ministry of Oil's four-year plan ending in […]
