By John Lee. Mobile operator Zain has hired Melak Investments and Rabee Securities as the leading adviser and broker to lead the initial public offering (IPO) of its shares. According to a report from The National, Melak Investments is run by the Iraq-born former Franklin Templeton asset manager Shwan Taha, who also founded Rabee Securities. Last […]
Hilton Worldwide today announced its expansion in Iraq's semi-autonomous region of Kurdistan into the city of Sulaymaniyah following the signing of a management agreement with Kurdonia Company for Tourism & Hospitality Ltd, owned fully by Hiwa Rauf Company. The new build, 223-room DoubleTree by Hilton Sulaymaniyah is expected to open early 2015. The hotel will […]
By John Lee. Shares in Asiacell, the first of Iraq's mobile phone operators to list on the stock exchange, are now open for subscription. According to a statement from the company: • Investors are now invited to complete and submit their application forms to subscribe • 67.503 billion shares, representing 25% of Asiacell's share capital, […]
