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 […]
Hedge fund industry journal Alpha Week is reporting that in the month of May 2019 Northern Gulf Partners’ investment fund Iraq Investment Partners I (IIPI) was the world’s best performing emerging markets hedge fund according to data compiled by the BarclayHedge Global Hedge Fund database. IIPI increased 13.57% net of all fees during the month. […]
By John Lee. Arabian Business has published a revealing interview with Iraqi Stock Exchange (ISX) chief Taha Abdulsalam al-Rubaye, outlining the incredible challenges the stock exchange has faced since its creation from the old "Baghdad stock exchange" under Iraq's sanctions hit economy of the 1990s. Despite terrifying security challenges, the ISX success has been monumental, but […]
The NASDAQ OMX Group has entered an agreement with the Iraq Stock Exchange (ISX) to upgrade its current trading platform. Under the terms of the agreement, ISX will replace its existing NASDAQ OMX platform (Horizon) with one powered by the renowned X-stream technology. The upgrade is expected to be rolled out by mid-year 2014. "We […]
By John Lee. The Iraqi Stock Exchange (ISX) has cancelled today's (November 22) session due to a technical fault in the Electronic Trading System. They are working to fix this problem. In addition, there will be no trading session at the ISX on Sunday (November 25) due to an official holiday. [Best forex brokers in […]
According to a report from Reuters, with better regulation and the expected listing of the country's three main mobile phone firms, foreign investors are increasingly choosing Iraq's stock market as a lucrative investment. Iraq's bourse is still tiny in comparison with other regional or international stock markets, but a drop in violence since the peak […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th October 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,613 / $1,790, -2.8%. The number of weekly traded shares was 11.6bn and the weekly trading volume was ID27.8bn ($23.8mn). […]
As revolution sweeps across the Middle East, Iraq is still reportedly attracting funds to into its listed companies. The Iraqi Stock Exchange (ISX), which began trading in 2004 with 15 stocks, has attracted $20 million in foreign capital in 2011 from regions like the United States, Europe, the Gulf and Egypt, according to a statement […]
Reuters reports that Iraq is expected to attract more overseas investment this year after foreigners were net buyers on its stock exchange in 2010, snapping up $53 million worth of shares, the market’s head said on Sunday. Taha A. Abdulsalam, chief executive of the Iraq Stock Exchange (ISX), said foreign investors were showing interest across […]
MerchantBridge, the international private equity group with diverse investment interests operating from Iraq, Lebanon, United Arab Emirates and the United Kingdom, has launched an Iraq equity fund, the "Mesopotamia Equity Fund Ltd". The Mesopotamia Fund is an open ended fund that will capitalize on the expected long term growth of the Iraqi Stock Exchange (ISX). […]
