Oshkosh in $400m Equipment Deal

The US Dept of Defense has announced that Oshkosh Defense has been awarded two new contracts relating to Iraq: a $17,080,930 firm-fixed-price, multi-year foreign military sales contract (Oman, Jordan, Iraq) for 54 635NL trailers, spare parts, and manuals. Bids were solicited via the Internet with one received. Work will be performed in Oshkosh, Wisconsin, with […]

CoolClownFish’s Blog – Iraq Stock Market Report

<p style=”text-align: center;”><span style=”text-decoration: underline;”><em><strong>Advertising Feature</strong></em></span></p>
<p><strong>Rabee Securities</strong> Iraq Stock Exchange (ISX) market report (week ending: 22nd Sept 2016).</p>
<p>Please <a href=”http://www.iraq-businessnews.com/reports/list-of-baghdad-stock-exchange-companies-and-tickers/”target=”_blank”>click here to download a table of listed companie</a><a href=”http://www.iraq-businessnews.com/reports/list-of-baghdad-stock-exchange-companies-and-tickers/” target=”_blank”>s</a> and their associated ticker codes.</p>
<p>The RSISX index ended the week at <strong> IQ760 (+2.5%) / $759 (+2.5%)</strong> (weekly change) (<strong>-30.3%</strong> and <strong>-33.8%</strong> YTD change, respectively). The number of week traded shares was <strong>3.7bn</strong> and the weekly trading volume was <strong>IQD2.6bn</strong> (<strong>$2.0mn</strong>).</p>
<p><a href=”http://www.iraq-businessnews.com/wp-content/uploads/2016/09/ScreenHunter_4311-Sep.-26-11.38.png”><imgclass=”alignright size-full wp-image-114606″ src=”http://www.iraq-businessnews.com/wp-content/uploads/2016/09/ScreenHunter_4311-Sep.-26-11.38.png” alt=”screenhunter_4311-sep-26-11-38″ width=”600″ height=”142″ srcset=”//www.iraq-businessnews.com/wp-content/uploads/2016/09/ScreenHunter_4311-Sep.-26-11.38.png 600w, //www.iraq-businessnews.com/wp-content/uploads/2016/09/ScreenHunter_4311-Sep.-26-11.38-300×71.png 300w” sizes=”(max-width: 600px) 100vw, 600px” /></a></p>
<p><strong>ISX Company Announcements</strong></p>
<ul>
<li>CBI approved banking license of International Islamic Bank on Sep. 19, 2016. The bank must complete CBI’s capital increase requirements within three years of the license issue. The bank was Al-Iraqia Money Transfer (MTIR) and now converting to International Islamic Bank. (CBI.iq)</li>
<li>Al-Mansour Pharmaceutical Industries (IMAP) will hold AGM* on Oct. 1, 2016 to discuss and approve 2015 annual financial results. ISX will suspend trading of IMAP starting on Sep. 27, 2016.</li>
<li>ISX announced on Sep. 22, 2016 that the formerly Al-Motaman for Money Transfer (MTMT) has completed the CBI and ISC procedures to convert into Zain Al-Iraq Islamic Bank for Investment and Finance (BZII) with a capital of IQD100bn.</li>
<li>Iraqi for Seed Production (AISP) will hold AGM* on Sep. 29, 2016 to discuss and approve 2015 annual financial results, amend the financial year to begin on Jan. 1st and end on Dec. 31st, rent its location in Abu Ghareeb to Middle East University for eight years, rent the land of Al-Lutaifya, invest a land in Nasrya and purchase two lands in Dyala and Baghdad. ISX will suspend trading of AISP starting on Sep. 26, 2016.</li>
<li>Middle East Production and Marketing Fish (AMEF) will resume trading on Sep. 25, 2016 after discussing and approving 2015 annual financial results and deciding to distribute 20% cash dividends (IQD0.2 dividend per share, 2.8% dividend yield). The opening price will be IQD6.9 for the first trading session.</li>
<li>Al-Maraj Al-Alamiya for Money Transfer (MTMR) will start trading on Sep. 25, 2016 after completing the listing procedures. The price will be free for the first three sessions and then will be traded with +/-20% change.</li>
<li>Al-Nukhba for General Construction (SNUC) will hold AGM* on Sep. 27, 2016 to discuss and approve 2015 annual financial results. ISX suspended trading of SNUC starting on Sep. 21, 2016.</li>
<li>Asiacell (TASC) resumed trading on Sep. 20, 2016 after fulfilling ISC requirements and publishing 2015 annual and 3M16 and 6M16 interim financial results.</li>
<li>Ishtar Hotel (HISH) resumed trading on Sep. 18, 2016 after fulfilling ISC disclosure requirements and publishing 2015 annual financial results.</li>
</ul>

<a href=”http://www.iraq-businessnews.com/2016/09/26/iraq-stock-market-report-201/”class=’bbc_url’ rel=’nofollow external’>Source</a>

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd Sept 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ760 (+2.5%) / $759 (+2.5%) (weekly change) (-30.3% and -33.8% YTD change, respectively). The number of week traded […]

CoolClownFish’s Blog – 21 New Career Opportunities in Iraq

<p><em>By John Lee.</em></p>
<p>The United Nations has advertised new positions in Iraq:</p>
<ul>
<li><a id=”l0″ class=”jtitle” href=”http://unjobs.org/vacancies/1474833954823″>ShelterCluster Technical Coordinator and National Co-Chair</a>, Norwegian Refugee Council (NRC)</li>
<li><a id=”l5″ class=”jtitle” href=”http://unjobs.org/vacancies/1474574718771″>Headof Support</a>, Norwegian Refugee Council (NRC)</li>
<li><a id=”l1″ class=”jtitle” href=”http://unjobs.org/vacancies/1474741949153″>SeniorCoordination Advisor</a>, United Nations Development Programme (UNDP)</li>
<li><a id=”l2″ class=”jtitle” href=”http://unjobs.org/vacancies/1474581102187″>InternationalConsultant – Simplification of Work Systems and Procedures</a>, United Nations Development Programme (UNDP)</li>
<li><a id=”l3″ class=”jtitle” href=”http://unjobs.org/vacancies/1474580011605″>PoliticalAffairs Officer</a>, United Nations Assistance Mission for Iraq (UNAMI)</li>
<li><a id=”l11″ class=”jtitle” href=”http://unjobs.org/vacancies/1474453923407″>CloseProtection Officer</a>, United Nations Assistance Mission for Iraq (UNAMI)</li>
<li><a id=”l4″ class=”jtitle” href=”http://unjobs.org/vacancies/1474578333620″>ProjectDevelopment Officer (Donor Liaison)</a>, International Organization for Migration (IOM)</li>
<li><a id=”l7″ class=”jtitle” href=”http://unjobs.org/vacancies/1474491985406″>ProjectOfficer (Displacement, Tracking & Monitoring (DTM))</a>, International Organization for Migration (IOM)</li>
<li><a id=”l16″ class=”jtitle” href=”http://unjobs.org/vacancies/1474059919889″>Consultant– Displacement Tracking & Monitoring (DTM) Information Management Officer</a>, International Organization for Migration (IOM)</li>
<li><a id=”l6″ class=”jtitle” href=”http://unjobs.org/vacancies/1474572819981″>CrimeScene Trainer</a>, International Commission on Missing Persons (ICMP)</li>
<li><a id=”l8″ class=”jtitle” href=”http://unjobs.org/vacancies/1474485620429″>EvaluationExpert/Specialist</a>, QED Group</li>
<li><a id=”l9″ class=”jtitle” href=”http://unjobs.org/vacancies/1474485617998″>EvaluationTeam Leader</a>, QED Group</li>
<li><a id=”l10″ class=”jtitle” href=”http://unjobs.org/vacancies/1474485616803″>PublicAdministration Expert</a>, QED Group</li>
<li><a id=”l13″ class=”jtitle” href=”http://unjobs.org/vacancies/1474399317470″>Monitoring& Evaluation Experts on Iraq Stabilization/Reconstruction Projects</a>, QED Group</li>
<li><a id=”l14″ class=”jtitle” href=”http://unjobs.org/vacancies/1474399313810″>SeniorMonitoring and Evaluation Specialist</a>, QED Group</li>
<li><a id=”l23″ class=”jtitle” href=”http://unjobs.org/vacancies/1473887853884″>PublicAdministration and Good Governance Expert</a>, QED Group</li>
<li><a id=”l18″ class=”jtitle” href=”http://unjobs.org/vacancies/1473975591291″>LivelihoodsProgram Manager</a>, Relief International</li>
<li><a id=”l19″ class=”jtitle” href=”http://unjobs.org/vacancies/1473932089397″>ERDCash Manager</a>, International Rescue Committee (IRC)</li>
<li><a id=”l20″ class=”jtitle” href=”http://unjobs.org/vacancies/1473932085785″>CommunicationsManager</a>, International Rescue Committee (IRC)</li>
<li><a id=”l21″ class=”jtitle” href=”http://unjobs.org/vacancies/1473891528337″>WASHProgram Manager</a>, Mercy Corps</li>
<li><a id=”l22″ class=”jtitle” href=”http://unjobs.org/vacancies/1473889550870″>Programmeand Partnership Manager</a>, Goal</li>
</ul>
<p><em>(Source: UN)</em></p>

<a href=”http://www.iraq-businessnews.com/2016/09/26/21-new-career-opportunities-in-iraq/”class=’bbc_url’ rel=’nofollow external’>Source</a>

21 New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Shelter Cluster Technical Coordinator and National Co-Chair, Norwegian Refugee Council (NRC) Head of Support, Norwegian Refugee Council (NRC) Senior Coordination Advisor, United Nations Development Programme (UNDP) International Consultant – Simplification of Work Systems and Procedures, United Nations Development Programme (UNDP) Political Affairs Officer, […]

16 New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Protection Officer, Danish Refugee Council (DRC) Protection Assistant, Danish Refugee Council (DRC) Camp Manager, Danish Refugee Council (DRC) DMU Coordinator (Data Management Unit), International Organization for Migration (IOM) Reporting and Communication officer, United Nations Office for Project Services (UNOPS) M&E Coordinator, […]

Military Strikes Target ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]

Will Iranian Pilgrims forsake Mecca for Karbala?

By Ali Mamouri for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.  Saudi newspapers reported Sept. 15 that Shiites are expected to replace their pilgrimage to Mecca with religious visits to Iraq’s Karbala instead. According Al-Riyadh newspaper, Iran’s Supreme Leader Ayatollah Ali […]

Video: Kurdistan Struggles to Accommodate IDPs

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.  Iraq is facing a humanitarian crisis with more than 3 million people displaced by fighting over the past two years. Many Arabs have found sanctuary in the northern […]

CoolClownFish’s Blog – Oil Companies trim Investments in Iraq

<p><em>By John Lee.</em></p>
<p>Major oil companies including <a href=”http://www.iraq-businessnews.com/list-of-international-oil-companies-in-iraq/international-oil-companies-bp/”><strong>BP</strong></a>,<a href=”http://www.iraq-businessnews.com/list-of-international-oil-companies-in-iraq/international-oil-companies-shell/”><strong>Shell</strong> </a>and <a href=”http://www.iraq-businessnews.com/list-of-international-oil-companies-in-iraq/international-oil-companies-lukoil/”><strong>Lukoil</strong> </a>are reported to be cutting investment in Iraq.</p>
<p>“<em>You’re going through difficult months,</em>” said Ariel Flores, general manager of the BP-led <strong>Rumaila Operating Organization (ROO)</strong> told the <a href=”http://www.wsj.com/articles/oil-companies-hunker-down-in-iraq-1474475115″target=”_blank”><em>Wall Street Journal</em></a>. “<em>You slow down and you make decisions to pause efforts.</em>”</p>
<p><a href=”http://www.iraq-businessnews.com/list-of-oil-and-gas-fields-in-iraq/oil-and-gas-fields-rumaila/”>Rumailaoil field</a> now has two rigs drilling for new oil, down from as many as six earlier this year, but the company says it still wants to increase production and can do so more cost-effectively by focusing on wells that already exist. Output is expected to remain at around 1.4 million bpd this year.</p>
<p>Production at Shell’s <a href=”http://www.iraq-businessnews.com/list-of-oil-and-gas-fields-in-iraq/oil-and-gas-fields-majnoon/”>Majnoonoil field</a> has stalled at 200,000 bpd, and although it has plans to double output, the company is just focusing on sustaining production this year.</p>
<p>Russia’s Lukoil said earlier this year that it needed to invest more just to keep production steady at the giant <a href=”http://www.iraq-businessnews.com/list-of-oil-and-gas-fields-in-iraq/oil-and-gas-fields-west-qurna-2/”>WestQurna-2 oil field</a>. “<em>We’re not ready to proceed to the next phase of development until our negotiations with Iraq lead to some changes in the economics of the contract,</em>” said Pavel Zhdanov, Lukoil’s head of capital markets and M&A, on an investor call last month.</p>
<p><em>(Source: <a href=”http://www.wsj.com/articles/oil-companies-hunker-down-in-iraq-1474475115″>WallStreet Journal</a>)</em></p>

<a href=”http://www.iraq-businessnews.com/2016/09/25/oil-companies-trim-investments-in-iraq/”class=’bbc_url’ rel=’nofollow external’>Source</a>

Oil Companies trim Investments in Iraq

By John Lee. Major oil companies including BP, Shell and Lukoil are reported to be cutting investment in Iraq. “You’re going through difficult months,” said Ariel Flores, general manager of the BP-led Rumaila Operating Organization (ROO) told the Wall Street Journal. “You slow down and you make decisions to pause efforts.” Rumaila oil field now […]

CoolClownFish’s Blog – Problems Threaten Postponement Of 2017 Elections

<p lang=”en-GB”><em><a href=”http://www.niqash.org/en/articles/politics/5361/Iraq%E2%80%99s-Many-Problems-Threaten-Postponement-Of-2017-Elections.htm”>Thisarticle</a> was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of<a href=”http://www.iraq-businessnews.com/2013/11/09/”> Iraq Business News</a>.</em></p>
<p>Political conflicts, war with extremists and millions of displaced: All these threaten to see Iraq’s next elections postponed, despite the fact that many say they will be the country’s most important in over a decade.</p>
<p>Under Iraqi rules, the next provincial elections are due to be held in the country next April. And everyone seems to agree that these elections will be some of the most important the country has held since 2003 when the political landscape changed so radically – even though the federal elections are not until 2018, the provincial elections will be conducted in turbulent conditions, with the voting being the first to happen since the extremist group known as the Islamic State caused such chaos here.</p>
<p>There are also a number of new entrants to the political race: The various militias that have been fighting the extremists, who have become increasingly powerful and politically ambitious. Competition will be fierce.</p>
<p>The Independent High Electoral Commission, the body tasked with overseeing elections in the country, started preparing for the elections around two months ago and has opened hundreds of offices around the country to update voter records and install new technology to prevent electoral fraud.</p>
<p>More than 600 polling stations have opened around the country over the last few weeks. Electoral rolls will be updated there, then the locations for polling booths will be chosen and funds will be made available for purchase of supplies and wages of employees. Following that, campaigning can begin.</p>
<p>Despite this preparation though, many are now saying that the provincial elections should be postponed because there are a number of problems, both logistical and political, in the way.</p>
<p>Former Iraqi Prime Minister Ayad Allawi is one of the strongest advocates of postponement. A statement issued by his party called the postponement of the provincial elections “a necessity – because of the current state of the county. It is the only way to ensure the biggest number of voters participate,” the statement continued.</p>

<a href=”http://www.iraq-businessnews.com/2016/09/25/problems-threaten-postponement-of-2017-elections/”class=’bbc_url’ rel=’nofollow external’>Source</a>

Problems Threaten Postponement Of 2017 Elections

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Political conflicts, war with extremists and millions of displaced: All these threaten to see Iraq’s next elections postponed, despite the fact that many say they will be the country’s most […]