An Iraqi Success Story from Iraq Business News newsletter - gives a real upbeat picture

by Lobo Thu May 09, 2019 9:31 am

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An Iraqi Success Story from Iraq Business News newsletter - gives a real upbeat picture

by Lobo Thu May 09, 2019 9:31 am

:: An Iraqi Success Story

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Issue 470 | May 2019

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05-09-2019 02:54:26 AM
By Padraig O'Hannelly. Building a successful business means delivering what you promise. When I recently needed to go to Baghdad at short notice, I remembered a conversation I had with Abir Burhan, Operations Director of Al-Burhan Group: "Any time you want to go to Iraq," he said, "we can take care of your visa, flights, [...][You must be registered and logged in to see this link.]
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05-09-2019 02:53:42 AM
By John Lee. The National Investment Commission (NIC) has published details of a new round of solar energy projects: The Ministry of Electricity is please to invite local, regional and international Independent Power Producers (IPP) to submit Expressions of interest (EOI) to embark into a proposed reverse auctioning round for SEVEN (7) Green field solar [...][You must be registered and logged in to see this link.]
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05-09-2019 02:52:15 AM
By John Lee. At its regular meeting in Baghdad on Tuesday, the Iraqi Cabinet received a briefing on negotiations led by Iraq's Ministry of Oil with ExxonMobil and PetroChina on the Southern Iraq Integrated Project. In a statement, the government describes the project as "a mega energy and infrastructure scheme consisting of building oil pipelines, [...][You must be registered and logged in to see this link.]
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05-09-2019 02:51:17 AM
By John Lee. President Barham Salih has highlighted the need to address the obstacles impeding the work of the private sector in Iraq. Addressing a delegation from the Iraqi Federation of Chambers of Commerce at his Office in Baghdad, the President stressed the importance of enhancing the role of the private sector in reconstruction. Mr. [...][You must be registered and logged in to see this link.]
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05-08-2019 11:17:08 AM
DNO, as operator of the Tawke field in Iraqi Kurdistan, has today issued an update on licence activity. Gross production from the Tawke licence, containing the Tawke and Peshkabir fields, averaged 126,759 bopd during the first quarter of 2019. Tawke production currently averages c.73,000 bopd, and Peshkabir c.54,000 bopd. There is an active 2019 drilling [...][You must be registered and logged in to see this link.]
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05-08-2019 11:16:59 AM
DNO ASA, the Norwegian oil and gas operator, today reported USD 35 million in first quarter 2019 operating revenues from its newly acquired North Sea assets, bringing the total quarterly figure across the portfolio to USD 204 million. The Company generated a net profit of USD 51 million and exited the quarter with a cash [...][You must be registered and logged in to see this link.]
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05-08-2019 11:16:49 AM
The Iraq Britain Business Council (IBBC) held Iraq's first International Tech Conference in Baghdad at the Babylon Rotana Baghdad Hotel on 30 April, hosting government ministers, private industry, entrepreneurs, investors, and representatives from the leading UK and Iraq Tech companies. The purpose of the Conference was to drive confidence, investment and awareness of the power [...][You must be registered and logged in to see this link.]
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05-08-2019 11:16:39 AM
By John Lee. US Secretary of State Mike Pompeo made an unannounced visit to Iraq on Tuesday, meeting with Prime Minister Adil Abdul-Mahdi and senior officials. The visit comes as Washington enforces sanctions on Iran over its nuclear program. A transcript of Secretary Pompeo's press conference after the meeting can be read here. (Source: US [...][You must be registered and logged in to see this link.]
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05-06-2019 20:22:45 PM
IMF Staff Completes 2019 Article IV Mission on Iraq An International Monetary Fund (IMF) team led by Gavin Gray visited Amman from April 26 to May 2, to hold discussions with the Iraqi authorities in the context of the 2019 Article IV Consultation. At the end of the visit, Mr. Gray made the following statement: [...][You must be registered and logged in to see this link.]
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05-06-2019 20:22:30 PM
By John Lee. Pearl Petroleum is reportedly planning to raise additional funding for its drilling and development in Iraqi Kurdistan, According to Reuters, Patrick Allman-Ward, the chief executive of Dana Gas, which is the majority owner of Pearl Petroleum, told reporters that the funding will "comprise a mix of bank debt, a bond, Exim bank [...][You must be registered and logged in to see this link.]
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05-06-2019 20:22:22 PM
2.5 Million Iraqis and Businesses to Benefit from Improved Electricity Services A new US$200 million World Bank project will provide increased and more reliable supply of electricity to about 2.5 million Iraqis and productive enterprises in the governorates of Basra, Al-Muthanna, Thi Qar, and Missan who currently suffer from frequent and long power cuts and [...][You must be registered and logged in to see this link.]
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05-06-2019 20:22:15 PM
The National Iranian Oil Company (NIOC) will set up a representative office in Iraq to facilitate activities by Iranian producers and constructors in the neighboring state. The issue was discussed in a meeting between Iranian oil industry equipment producers and senior managers of the Iraqi Ministry of Oil on the sidelines of the 24th Iran [...][You must be registered and logged in to see this link.]
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05-05-2019 23:52:11 PM
The Iranian defense minister called for the enhancement of military and defense cooperation with Iraq, saying collaboration between the two neighbors would serve regional security and stability. In a meeting with a delegation of Iraqi military commanders, Brigadier General Amir Hatami said the common threats and opportunities necessitate closer consultations between Tehran and Baghdad for [...][You must be registered and logged in to see this link.]
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05-05-2019 23:51:49 PM
By Tessa Fox for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Explosive hazards in Mosul a major threat for years to come The classroom of 13-year-old boys was vibrant, filled with energy, as the final lesson of the day began, addressing a [...][You must be registered and logged in to see this link.]
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05-05-2019 09:35:44 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 [...][You must be registered and logged in to see this link.]
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05-04-2019 23:52:27 PM
EU-funded programme Supporting Recovery and Stability in Iraq through Local Development - Launch of the Yarmouk Park Rehabilitation Project in Mosul Mosul local authorities and citizens gathered in Al Yarmouk Park in West Mosul on 2 May 2019 to launch the rehabilitation works that will be conducted under the programme Supporting Recovery and Stability in [...][You must be registered and logged in to see this link.]
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05-04-2019 23:51:41 PM
By Farhad Alaaldin for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. It has been six months since Baghdad formed its new government, and no major political crises have arisen. For Iraq, this is unheard of. This could be the result [...][You must be registered and logged in to see this link.]
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05-04-2019 04:54:52 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, as measured by the Rabee Securities RSISUSD Index, increased by +2.5% in April, bringing the YTD decline to -11.8%. Average daily turnover, excluding [...][You must be registered and logged in to see this link.]
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05-03-2019 23:53:10 PM
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Energy tops agenda of Turkish FM's meetings in Iraq Turkey's Foreign Minister Mevlut Cavusoglu met with Iraqi Kurdish leaders recently on the last leg of an ambitious visit to [...][You must be registered and logged in to see this link.]
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05-03-2019 23:52:05 PM
The U.S. Embassy in Baghdad and Iraq Civil Aviation Authority (ICAA) officials are celebrating the launch of a $5 million Iraq airport security program. This U.S. Government-funded initiative will provide both training and equipment in close coordination and partnership with Iraq civil aviation experts. During his remarks at the launch reception, U.S. Embassy Chargé d'Affaires [...][You must be registered and logged in to see this link.]
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05-03-2019 23:51:44 PM
By John Lee. The Turkish charter company Freebird Airlines will reportedly offer flights from Eindhoven Airport in the Netherlands to Erbil and Sulaymaniya throughout the summer. According to Eindhoven News, flights depart once a week from April to October. (Source: Eindhoven News)[You must be registered and logged in to see this link.]
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05-03-2019 04:10:39 AM
By John Lee. Zain Iraq has posted a growth in net income of 77 percent. In its results statement for Q1 2019, the company said: "Zain Iraq performed exceptionally well in Q1 2019 when compared to the corresponding three-month period in 2018, with revenue reaching USD 262 million, and EBITDA having reached USD 109 million, [...][You must be registered and logged in to see this link.]
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05-03-2019 04:10:24 AM
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd May 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD586 (+0.2%) / $630 (+0.2%) (weekly change) (-11.2% and -11.3% YTD change, respectively). The number of week traded [...][You must be registered and logged in to see this link.]
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05-03-2019 04:10:10 AM
By John Lee. The United Nations has advertised new positions in Iraq: Operations Officer, The World Bank Operations Analyst, The World Bank Program Assistant, The World Bank Senior Operations Assistant, IOM - International Organization for Migration Senior Community Engagement Assistant, IOM - International Organization for Migration Field Security Officer, IOM - International Organization for Migration [...][You must be registered and logged in to see this link.]
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05-03-2019 04:09:58 AM
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Human Rights Officer, UNAMI - United Nations Assistance Mission for Iraq National Communications Officer, IOM - International Organization for Migration Programme Analyst, UNDP - United Nations Development Programme International Consultant, UNDP - United Nations Development Programme (Source: UN) (Picture: Success, growth, career, [...][You must be registered and logged in to see this link.]