Iraq Business news- June 2019

[pokerplayer]

 

 

 

Issue 474 | June 2019    Iraqi Stock Market wakes up from its Slumber 06-06-2019 08:25:45 AM By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market finally woke up from its multi-month slumber, increasing by +14.7% for the month as measured by the Rabee Securities RSISUSD Index, in the [...]...» Genel Energy changes Organisational Structure 06-06-2019 08:25:36 AM Genel Energy has announced the appointment of Mike Adams (pictured) as Technical Director, and PDMR, with immediate effect. The appointment follows a repositioning of the role of Chief Operating Officer ('COO'), which is now split into 'pre-production' and 'on production' business lines. Reporting to the Chief Executive Officer, Mike is responsible for all pre-production activities [...]...» Rosneft plans Geological Survey in Kurdistan in 2019 06-05-2019 20:54:45 PM By John Lee. Russia's Rosneft will reportedly conduct geological exploration in Iraqi Kurdistan this year. CEO Igor Sechin (pictured) is quoted as telling the annual general meeting: "The company continues to implement the project to develop fields in Iraqi Kurdistan in the Middle East, where a geological exploration program is scheduled for this year to [...]...» US "will continue Exemptions" for Iranian Power Imports 06-05-2019 20:53:55 PM By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq electricity minister: US will continue exemptions for Iranian electricity imports In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq's electricity [...]...» New Career Opportunities in Iraq 06-05-2019 20:52:25 PM By John Lee. The United Nations has advertised new positions in Iraq: Cluster Co-Coordinator Shelter and Non Foood Items, Agency for Technical Cooperation and Development (ACTED Research Team Leader, UNAMI - United Nations Assistance Mission for Iraq Field Security Assistant, UNAMI - United Nations Assistance Mission for Iraq Qualitative researcher, UNDP - United Nations Development [...]...» New Career Opportunities in Iraqi Kurdistan 06-05-2019 20:51:23 PM By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Administrative Officer, OCHA - Office for the Coordination of Humanitarian Affairs Analyst Associate, IOM - International Organization for Migration Arabic Translator & Proof-reader, IOM - International Organization for Migration Project Assistant, IOM - International Organization for Migration Research Assistant, IOM - International [...]...» Capstone Wins Order for Microturbines in Basra 06-04-2019 20:53:49 PM US-based Capstone Turbine Corporation (Nasdaq: CPST) has announced today that it has secured an order for two C600 Signature Series microturbines to provide 1.2 megawatts (MW) of energy to power a triethylene glycol (TEG) dehydration facility in the Basra region of Southern Iraq. The order also includes Capstone's new self-cleaning pulse filtration system which will [...]...» Baghdad Green Zone to Open around the Clock 06-04-2019 20:52:31 PM By John Lee. Baghdad's International Zone (Green Zone) is to be opened to traffic around the clock from tonight (Tuesday). Prime Minister Adel Abdul-Mahdi told a news conference on Monday evening that the move showed that the government is convinced the security situation in Baghdad is improved. The high-security zone is home to the Iraqi [...]...» Iran, Iraq ready to Dredge the Shatt al-Arab 06-04-2019 20:51:08 PM By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. After decades, Iran, Iraq ready to Dredge the Shatt al-Arab Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and [...]...» ShaMaran Completes Acquisition of Atrush Stake 06-03-2019 23:54:48 PM By John Lee. ShaMaran Petroleum has announced the completion of its acquisition of an additional 7.5% participating interest in the Atrush Block [from Marathon Oil], previously announced on April 3, 2019, bringing ShaMaran's total interest in Atrush up to 27.6%. ShaMaran also announces that Atrush has been producing at approximately 32,000 barrels of oil per [...]...» Production to Increase at Al Faihaa Oilfield 06-03-2019 23:53:04 PM By John Lee. Oil production in the Al Faihaa area (Block 9) in Basra is reportedly expected to increase in the coming year with increasing investment. Dragon Oil CEO Ali Al Jarwan told Oil & Gas Middle East that the company plans to increase production in Iraq to 100,000 barrels per day (bpd) by 2025. [...]...» Iraq's Oil Sector caught in crossfire between US, Iran 06-03-2019 23:52:30 PM By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. ExxonMobil evacuated dozens of its non-Iraqi employees from Iraq on May 18. The evacuation follows a US State Department decision to withdraw its non-essential staff from the US Embassy in Baghdad and its consulate [...]...» Video: Ramadan Ring Game returns to Mosul 06-03-2019 23:51:23 PM From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Mheibes: Iraq's Ramadan ring game returns after ISIL's defeat A traditional Arab game is making a welcome return for players in northern Iraq. Known as the ring game or Mheibes, it has been [...]...» USAID Launches New Partnerships Initiative in Iraq 06-03-2019 10:34:04 AM The U.S. Agency for International Development (USAID) hosted a workshop in Erbil, in the Iraqi Kurdistan region, on May 14, 2019, to discuss USAID's New Partnership Initiative (NPI) with 30 local and faith-based Iraqi organizations. USAID will co-create with successful applicants to award $3 million dollars by the end of this U.S. Government's Fiscal Year [...]...» Oil Exports Up Again in May 06-03-2019 10:33:53 AM By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for May of 110,736,670 barrels, giving an average for the month of 3.572 million barrels per day (bpd), up from the 3.466 million bpd exported in April. These exports from the oilfields in central and southern Iraq amounted to 106,675,881 barrels, while exports [...]...» GKP CFO Steps Down 06-03-2019 10:33:42 AM Gulf Keystone Petroleum (GKP) has announced that Sami Zouari (pictured), Chief Financial Officer (CFO), will be stepping down as CFO and a Director of the Company during the second half of the year, and will leave the business by no later than 2 December 2019. Mr Zouari has been CFO of GKP since January 2015 [...]...» Amnesty challenges Coalition Casualty Claims 06-03-2019 10:33:33 AM By John Lee. Amnesty International has challenged a statement from the US-led Coalition in which it acknowledges at least 1,302 unintended civilian deaths during Operation Inherent Resolve. The organisation's Senior Crisis Response Adviser, Donatella Rovera, said: "While all admissions of responsibility by the US-led Coalition for civilian casualties are welcome, the Coalition remains deeply in [...]...» Who is really behind the Torching of Iraqi Grain Fields? 06-02-2019 23:51:04 PM By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of dunams of wheat and barley crops were torched this month in Kirkuk, Ninevah, Salahuddin and Diyala provinces, adding agony to the harsh lives of Iraqi farmers and raising the question [...]...» Oil dispute reignites Baghdad-Erbil Tensions 06-01-2019 23:51:26 PM By Kamal Chomani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Adel Abdul Mahdi is under great pressure from his government to force the Kurdistan Regional Government (KRG) to deliver the allotted 250,000 barrels of oil per day to the State Organization for Marketing of [...]...» GardaWorld Weekly Security Report 06-01-2019 10:11:06 AM GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments [...]...» Zain Iraq introduces Purchase Solution via Facebook 06-01-2019 03:52:47 AM Zain Iraq becomes first operator in the Middle East to introduce purchase solution via Facebook Zain Iraq, the country's largest mobile operator by customer numbers, announces the introduction of a solution that enables customers to purchase offers via their Facebook app, making it the first operator in the Middle East to provide this functionality, and [...]...» Kurds not coming together over New president 06-01-2019 03:51:38 AM By Al Monitor staff. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. How Iraq's Kurds are failing to come together over their new president Nechirvan Barzani, the prime minister of Iraq's Kurdistan Regional Government (KRG), was elected president by the semi-autonomous region's parliament [...]...» Exxon Ex-Pats "to return to West Qurna 1" 05-31-2019 13:44:10 PM By John Lee. According to a report from Reuters, employees from Exxon Mobil will start returning to work at the West Qurna 1 oilfield on Sunday. Sources told the news agency that the company had received assurances from the Iraqi Ministry of Oil and the Basra Oil Company (BOC) that its staff would receive extra [...]...» Shaping Iraq's Role in the Global Energy Scene 05-31-2019 13:43:59 PM There can be no doubting Iraq's oil credentials. It is Opec's number two oil producer, second only to Saudi Arabia, and holds the world's fifth-largest proved oil reserves. Production is on the rise, having nearly doubled over the past decade, averaging around 4.5 million barrels per day in 2018. Almost 90 per cent of the [...]...» Iraq Stock Market Report 05-31-2019 13:43:32 PM Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th May 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD666 (+4.0%) / $718 (+4.2%) (weekly change) (+1.1% and +1.2% YTD change, respectively). The number of week traded [...]...»   Quick Links Register Now About Us Events Reports Advertising  Jobs

 

 

 

 

 

 

 

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Edited June 6, 2019 by pokerplayer

[nannab]

Wow Pokerplayer great article's and a wealth of info regarding business in Iraq.   

[pokerplayer]

1 hour ago, nannab said:

Wow Pokerplayer great article's and a wealth of info regarding business in Iraq.   

 

Thxs nannab. I posted it as hubby and I are thinking Iraq could be a bonanza to Invest in, we just need the right business to decide on.

 

Our philosophy is get in, get rich, get out.............fast !! ( unlike their currency )

 

pp

[wealthhound]

37 minutes ago, pokerplayer said:

 

Thxs nannab. I posted it as hubby and I are thinking Iraq could be a bonanza to Invest in, we just need the right business to decide on.

 

Our philosophy is get in, get rich, get out.............fast !! ( unlike their currency )

 

pp

Love your way of thinking pp!

[Laid Back]

Thanks for the post pp, 

 

Very interesting articles.!

 

Go RV sooner than later 

Go $1:1

 

[10 YEARS LATER]

8 hours ago, pokerplayer said:

 

Thxs nannab. I posted it as hubby and I are thinking Iraq could be a bonanza to Invest in, we just need the right business to decide on.

 

Our philosophy is get in, get rich, get out.............fast !! ( unlike their currency )

 

pp

 

" Our philosophy is get in, get rich, get out.............fast !! "

 

I like it ! Sounds very much like my approach - " Combat Investing " 

[justchecking123]

"...The market’s turnover, while promising relative to the recent past, is still low relative to the last five years since the market’s peak... "

[Officiallytook]

It is just me or has anyone else noticed the fluctuations in buy/sell rates on converter sites? Is it floating yet? Someone's making pips somewhere... 

Edited June 7, 2019 by Officiallytook