About the Event

Iraq Finance 2014 is an annual event focused on the development of Iraq’s banking and financial services, and is an ideal occasion to introduce investors to the huge array of opportunities the country has to offer.

Iraq Finance 2014 aims to address opportunities and challenges, and creates a platform where all stakeholders can network, exchange opinions, source deals, and make key contacts.

What’s New?

In 2013, three of the world largest investment banks, Citigroup, JP Morgan, and Standard Chartered announced their expansion strategies for Iraq.
Their expansion should meet the increasing banking needs of their global clients across various industry sectors, as well as local financing demands.

The Iraq Stock Exchange (‘ISX’) is becoming an increasingly important source of capital for Iraqi companies. Earlier this year saw a hugely successful Asiacell listing on the ISX. Zain Telecom, another leading telecoms provider is also looking to list on the exchange later this year.

Global oil majors continue to pour money into the development of Iraq’s major oil fields, which is vital for Iraq’s long-term economic stability. BP has allocated $2.85 billion to further develop the Rumaila oilfield this year, up from $2.2 billion last year. ExxonMobil is spending $1.65 billion on West Qurna 1.

The Iraqi Government has approved a budget of $118.6 billion for 2013, 18% higher than 2012, and with 93% of revenue coming from oil exports. Some $45.5 billion has been earmarked for investment, with priority given to energy, security and public services.

If you are looking to expand your business to one of the most promising and rapidly developing countries in the world, we invite you to attend Iraq Finance 2014.

Who Attends?

Delegate Distribution at Iraq Finance 2012: