Iraq's parliament has passed a bill for a complete ban on the sale, import and production of alcohol. The law entitles the state to fine Iraqi dinars 25m ($21,000) for anyone violating the alcohol ban. However, the parliament ...
Tags: Alcohol, alcohol ban
An Iraqi telecom company raised nearly $1.3 billion Sunday on Baghdad’s small stock exchange in one of the region’s biggest share offers in years — a sign of investor confidence in the fledgling private sector despite ...
Tags: Iraq, Stock Sale, Investor, Confidence
A project to generate electricity from solar energy and wind in 15 remote Iraqi cities is now under way, according to a report from Al-Shorfa. Ministry of Electricity spokesman Musaab al-Mudarres told the news agency: “Iraqi ...
Tags: Iraq, Solar, Wind Power
Asiacell‘s $1.35 billion share sale will be fully subscribed, bookrunner Rabee Securities has told Reuters. Shwan Ibrahim Taha, chairman Rabee Securities, said: “I knew there would be interest, I just didn’t know how ...
Tags: Asiacell, IPO, Rabee Securities
Iraq has many assets, and while oil is the first that comes to mind, we should not forget the multitudes of Iraqis who live outside their country of birth — the Iraqi diaspora. Estimates vary, but there are probably between four and ...
Tags: Iraq, assets, Iraqi diaspora
Iraq has allocated 100 billion Iraqi dinars ($86 million) for a project that aims to bring skilled expatriates back to Iraq in 2013, reports Mawtani. The Ministry of Migration and the Displaced announced last week that these skilled ...
Tags: Iraq, Iraqi dinars, 2013
By John Lee. Twenty-two of Iraq’s 30 private banks made a combined profit of $366 million (427 billion Iraqi dinars) during the first nine months of the year, according to a study released by the Association of Private Banks in ...
Tags: Iraq, private banks, finance, investment