By John Lee.

Iraq has been ranked 172nd out of 190 countries in the World Bank‘s recent Doing Business 2020 report, down from 171st place the previous year.

Top of the list were New Zealand, Singapore and Hong Kong, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 127th, with Libya 186th.

Doing Business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it. It provides quantitative indicators covering 12 areas of the business environment in 190 economies.

The goal of the Doing Business series is to provide objective data for use by governments in designing sound business regulatory policies and to encourage research on the important dimensions of the regulatory environment for firms.

More details on the full report here.

65-page profile of Iraq here.

(Source: World Bank)

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th November 2019).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD646 (+0.2%) / $687 (+0.2%) (weekly change) (-2.0% and -3.2% YTD change, respectively). The number of week traded shares was 11.3 bn and the weekly trading volume was IQD 11.8 bn ($9.7 mn).

ISX Company Announcements

  • Ishtar Hotel (HISH) will hold an AGM on Dec. 4, 2019 to discuss and approve 2017 annual financial statements. The company has been suspended from trading since Aug. 20, 2019 due to not disclosing its 2018 annual financial statements.
  • ISX will suspend trading of Bain Al-Nahrain Investment (VMES) starting Nov. 28, 2019 due to the AGM that will be held on Dec. 3, 2019 to discuss and approve 2018 annual financial statements.
  • Ameen Al-Iraq Islamic Bank / Mouta for Remittance (MTMO) held an AGM on Nov. 13, 2019 to discuss and approve 2018 annual financial statements. The company has been suspended from trading since Jan. 21, 2018 until it receives its operation license by the CBI.
  • ISX suspended trading of Iraqi for Seed Production (AISP) starting Nov. 12, 2019 due to not disclosing its 2019 financial statements.

Universa will also reportedly be receiving a percentage of all transactions carried out with the new “e-dinar”, while the ledger will be visible to the …