By John Lee. The Iraqi Securities Commission (ISC) has announced new efforts to enhance the attractiveness of the Iraq Stock Exchange (ISX), focusing on corporate governance and expanding the base of listed companies. State-run Iraqi News Agency (INA) quotes ISC board member Wadhah al-Taha as saying that the launch of a corporate governance guide marks […]
By John Lee. The Abu Dhabi Securities Exchange (ADX), the UAE's largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul. The signing ceremony was held at ADX headquarters on Tuesday. The agreement follows […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Abdullah Salem Al-Nuaimi, CEO of Abu Dhabi Securities Exchange (ADX), to discuss enhancing cooperation and expanding private sector engagement to support economic growth. During the meeting, the Prime Minister oversaw the signing of a Memorandum of Understanding (MoU) between the Iraqi Securities Commission (ISC) and […]
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. During an official visit to Abu Dhabi, Iraqi Securities Commission (ISC) President Faisal Al-Haimus met with Abdulla Salem Alnuaimi, CEO of Abu Dhabi Securities Exchange Group (ADX), to explore enhancing collaboration between the Iraqi Stock Exchange (ISX) and ADX. Discussions focused on integrating ISX into the Tabadul Digital Exchange Hub, a cross-border […]
By John Lee. The Iraqi Securities Commission (ISC) has received reports that some electronic payment companies are collaborating with foreign brokerage firms to attract Iraqi investors and traders into trading foreign stocks outside Iraq's financial markets. It warns that these brokerage firms are unlicensed and unauthorized to conduct such activities. "We warn investors (individuals and […]
By John Lee. The Iraq Securities Commission (ISC) has published its report for Q2 2024. The report includes detailed analyses of financial market performance, economic growth indicators, and a comprehensive assessment of the challenges and opportunities facing the financial sector during this period. The commission said it aims to enhance transparency and provide essential information […]
By John Lee. The Iraq Securities Commission (ISC) has signed an agreement with the International Finance Corporation (IFC), a World Bank Group member, to develop an Environmental, Social, and Corporate Governance (ESG) guide. This initiative aims to integrate international best practices into Iraq's securities market to enhance its performance and effectiveness. According to a statement […]
By John Lee. According to information from Rabee Securities, the approval of the Iraqi Securities Commission (ISC) will be required in every case where foreign ownership of a company exceeds 49 percent. The brokerage house says the ISC informed the Board of Governors of the Iraq Stock Exchange (ISX) of the change on Wednesday 6th […]
By John Lee. The Trade Bank of Iraq (TBI) has announced that Salem Chalabi [Salem Jawad Abdul Hadi Al-Jalabi] has taken over as the company's Chairman and President with immediate effect. Prime Minister Mustafa Al-Kadhimi appointed the Yale graduate to succeed Faisal Al Haimus, who has been named as head of the Iraq Securities Commission […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kadhimi's Rolling Reshuffle (Part 2): Protecting Iraq's Economic Institutions and Borders On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked […]
By John Lee. The Chairman of the state-owned Trade Bank of Iraq (TBI) has been chosen as the new head of the Iraq Securities Commission (ISC). Faisal Al-Haimus (pictured) will take over from Dr. Alaa Abdulhussein Al-Saeidi as Chairman of the regulator. Grant Felgenhauer, Managing Partner at Euphrates Advisors, an investor on the Iraq Stock […]
