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NBK Has Begun Offering Custody Services for ISX-Listed Shares
Feb 27, 2013In a move that is likely to mark the start of a new era for the Iraq Stock Exchange (ISX), National Bank of Kuwait (NBK) has begun offering custody services for ISX-listed shares through its 80%-held subsidiary Credit Bank of Iraq. This is ...
Tags: NBK, Custody Breakthrough, ISX
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Qtel Group Will Be Representing The Middle East Strongly as It Unveils a Presence at MWC
Feb 24, 2013Qtel Group, which delivers services to over 89 million customers in MENA and Southeast Asia, will be representing the Middle East strongly as it unveils a large presence at this week’s Mobile World Congress in Barcelona. Its ...
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Rabee Securities and Its Affiliate Melak Iraq Would Easily Win This Year
Feb 18, 2013I’ve often thought there should be a Nobel prize for corporate finance. It would go to the broker or investment bank that managed to place the largest IPO under the most unpromising circumstances. If there were such an award, I think ...
Tags: Nobel Prize, IPO, corporate finance
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Iraq Stock Sale Sign of Investor Confidence
Feb 6, 2013An 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
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The Company Started Trading Today Under The ISX Ticker 'TASC'
Feb 5, 2013Rabee Securities listed Asiacell Communications PJSC yesterday (Sunday). The company started trading today under the ISX ticker “TASC”, at a starting price of IQD 22. In total 67,503,000,000 number of shares were listed and ...
Tags: Rabee Securities, Asiacell Communications PJSC, Stock Market
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Asiacell's Share Sale Has Been Fully Subscribed Before Its Closing Date
Jan 31, 2013Asiacell’s share sale has been fully subscribed before its closing date, according to the IPO’s organizer. Shwan Ibrahim Taha, chairman of Rabee Securities, confirmed to Bloomberg News: “The offering is now comfortably ...
Tags: Asiacell, share sale, company news
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Asiacell's Sale Will Be Fully Subscribed
Jan 25, 2013Asiacell‘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
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Doubts Are Expressed on Asiacell's Ability to Raise The Record $1.27 Billion for IPO
Jan 15, 2013Doubts have been expressed regarding Asiacell‘s ability to raise the record $1.27 billion planned in its forthcoming IPO (initial public offering). According to a report from International Financing Review, observers are said there ...
Tags: Asiacell, IPO, Financing Review
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IDC Bylaws to Prohibit Investors
Jan 9, 2013By Mark DeWeaver. On December 13 the ISX amended the Iraq Depository Center (IDC) bylaws to prohibit investors from owning the same names in accounts at different brokers. The new rule, which went into effect on January 7, requires anyone ...
Tags: ISX, Iraq Depository Center, IDC, Speculators
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AD Plans to Buy Into The Asiacell IPO
Jan 5, 2013By John Lee. Abu Dhabi's Invest AD plans to buy into the Asiacell IPO(initial public offering),making it the top holding in its Iraq fund. Sherif Salem(pictured),the manager of the Invest AD Iraq Opportunity Fund,and one of our Expert ...
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Sherif Salem Is Portfolio Manager at Abu Dhabi-Based Asset Manager Invest AD
Jan 5, 2013By Sherif Salem. While attending an investment conference in Erbil in November, I was struck by a theme that came through in almost all my meetings with listed-company executives: a desire to engage with foreign companies. It seems as ...
Tags: Iraq, Iraqi Firms, Iraqi economy, Foreign Expertise
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Asiacell Has Teamed up with Ericsson on a Three Year Contract
Dec 19, 2012Iraqi mobile telecoms company, Asiacell has teamed up with Ericsson on a three year contract which will see the telecoms operator utilising Ericsson’s Charging & Billing in One system. Under the agreement, Ericsson will do systems ...
Tags: Ericsson, Premium customer experience, Telecommunications operators
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This Rebound Is All The More Remarkable
Dec 13, 2012Another roller coaster year for the ISX is drawing to a close. By the middle of May, the Rabee Securities RSISX index had fallen 24% from its early October 2011 peak. Since then, the market has staged a dramatic rebound. As of December 8, ...
Tags: rebound, monthly-volume share, fresh inflows of foreign money