Iraqi Prime Minister Nouri al-Maliki called on Iranian companies to contribute in the reconstruction operations in Iraq, according to a statement of his office. “This came during al-Maliki’s meeting with Iranian Ambassador to Baghdad, Hussein Qomi [Hassan Kazemi Qomi] , at the end of his term in the country,” said the statement received by Aswat […]
The Australian Ambassador to Baghdad, Robert Tyson, paid a visit to Najaf to foster economic, cultural and scientific relations, Najaf's governor said this week. Adnan al-Zarfi said he received the Australian ambassador on Wednesday (July 21), with whom he dicussed ways of boosting economic, scientific and cultural relations between the local government in Najaf and […]
It’s always been a bit of a mystery why anyone should care about bonus share issues. Since a company’s retained earnings are already owned by the shareholders, you would think that converting these earnings into shares shouldn’t have any effect on an investor’s returns. Following a bonus, the share price should logically fall by an […]
Energy Risk reports that Moody's has raised its rating of Malaysian state-owned Petronas's A1 senior unsecured debt from negative to stable, despite the group's riskier business profile following a major acquisition of a large oil field in Iraq. "We expect the company's $20 billion capital expenditure for the Iraqi fields to be spread out over […]
An official security source in Iraqi Oil Intelligence said on Tuesday that four laptop computers were stolen from the legal department of the South Oil Company and were smuggled into Kuwait, and that the company didn’t take any legal action against those involved. According to the report from AK News, the source, who preferred anonymity, […]
The head of the investment and strategy committee of Dhi Qar provincial council, Ahmad Taha, announced that a new round of investment licenses will be awarded soon to foreign and Arab firms. The licensing round will include waste recycling, environment, electricity and gas stations projects. Al SumariaTV also reported that "oil refineries will be established […]
The Iraqi Industry Ministry has ordered its factories to work on generating electricity required for production, to minimize the load on the national electricity network. The ministry noted that power shortage is causing losses to its factories. “The ministry has issued contracts to purchase large generators for this purpose,” the ministry said in a press […]
A source from Kurdistan Investment Board declared that the Turkish companies' assets in Kurdistan Region amount to US$ 621 million. Confirming the figure, Haydar Mustafa, the Director General of Investigation & Information in the Board, told AKnews on Wednesday that although there are many Turkish companies operating in the Region the majority of them are […]
"Investment in Iraq is weakened due to delays in issuing investment licences for projects, and due to the bureaucracy that is involved; the Iraqi economy needs to change from a centralized economy to a free one", said Kamel al-Zaidi, a member of the Investment committee, on Tuesday. The process is too cumbersome and is not […]
An official source in the office of Baghdad's Mayor said on Sunday that the Mayor had highlighted the importance of implementing the investment projects that have been contracted, stressing the need to expedite the granting of investment licences. "A meeting that included Baghdad's Mayor, Saber Al-Issawi, a number of ambassadors and businessmen took place to […]
National Overview Nationally recorded incident levels stayed at 108 this week, a level consistent with the most reporting periods throughout the year. There was little variation in week on week incident numbers for each of the regions. The north central and Baghdad regions continued to account for the majority of hostile incidents. The north central […]
Markets hate uncertainty, but history has shown us that times of uncertainty create the greatest opportunities. Warren Buffett's famous saying, “be fearful when others are greedy, and be greedy when others are fearful”, is true whether referring to the stock market or to risk-taking in general. And Iraq is giving us plenty of risk and […]
