By John Lee.

Shares in Wood Group closed Wednesday up 6.6 percent after the oilfield services group announced “significant growth” in profits in its pre-close trading update.

The Scottish-based company said it has benefitted from increased activity in the Middle East, particularly Iraq.

(Source: Wood Group)

By John Lee.

The Trade Bank of Iraq (TBI) has officially opened its new headquarters in Baghdad.

Located on Al Rasheed Street in the heart of Baghdad, the new headquarters is wholly owned by the bank and is designed to facilitate collaboration, bringing 670 Baghdad-based employees of TBI under one roof for the first time.

The building comprises of 5 floors with the ground floor set to provide banking services to customers while the remaining floors are dedicated to administrative work.

The TBI also recently opened its first operational branch outside Iraq, in Saudi Arabia.

(Source: TBI)

The British Prime Minister, Theresa May, hosted Iraqi President Barham Salih in Downing Street on Tuesday as part of his Guest of Government visit to the UK.

The leaders began by discussing security cooperation, and the Prime Minister reaffirmed the UK’s commitment to supporting the Iraqi Government in building a stable and successful nation.

They acknowledged the ongoing threat posed by Daesh, and the Prime Minister said the UK stood ready to provide further support to the Iraqi Security Forces and Kurdish Peshmerga.

They discussed recent events in the Gulf and agreed on the importance of international cooperation in the de-escalation of current tensions.

They also welcomed opportunities to expand on the bilateral trading relationship and the Prime Minister reiterated the desire of the UK to increase investment in Iraq.

(Source: UK FCO)

By John Lee.

The United Nations has advertised new positions in Iraq:

(Source: UN)

(Picture: Finger pressing a new career start button, from Olivier Le Moal/Shutterstock)

By John Lee.

The United Nations has advertised new positions in Iraqi Kurdistan:

(Source: UN)

(Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock)

By John Lee.

Iraq’s Ministry of Oil has announced final oil exports for May of 110,737,293 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 from Kirkuk amounted to 3,166,261 barrels, and from Qayara 895,151 barrels.

Revenues for the month were $7.330 billion at an average price of $66.190 per barrel.

April export figures can be found here.

(Source: Ministry of Oil)

By John Lee.

Oil services firm TechnipFMC (TFMC) has agreed to pay $296 million to resolve allegations that the company paid bribes in Brazil and Iraq.

TFMC is the product of a 2017 merger between two predecessor companies, Technip S.A. and FMC Technologies, Inc..

The admissions and court documents establish that beginning by at least 2008 and continuing until at least 2013, FMC conspired to violate the US’s Foreign Corrupt Practices Act (FCPA) by paying bribes to at least seven government officials in Iraq, including officials at the Ministry of Oil, the South Oil Company (SOC) and the Missan Oil Company (MOC), through a Monaco-based intermediary company in order to win secure improper business advantages and to influence those foreign officials to obtain and retain business for FMC Technologies in Iraq.

(Source: US Justice Dept)

Run Media City – the power of words can change lives in Iraq

On the 27th June 2019, Hussein Al-alak and Tracy Hollowood are taking part on the Run Media City 5K, to aid the ongoing work of the AMAR Foundation in Iraq.

This is the second time Hussein and Tracy have taken part on the 5K, around Salford’s Media City, and they are inviting you to support the AMAR Foundation.

Your support will assist AMAR’s efforts in health, education and much more! You can also help by introducing your friends, to the many incredible changes, which the AMAR Foundation are making across Iraq.

One positive change AMAR has made, is the School for Orphans which the Foundation built in Basra in 2016. Up to 30% of the school’s children have lost both parents, the school has modern facilities and it provides a broad curriculum, so children get the best start in life.

You can sponsor Hussein and Tracy – by donating £8.99 to the AMAR Foundation – which is the equivalent of one copy of On the Road, by US author Jack Kerouac.

As Iraqi’s are known for their love of great literature, you could also use John Steinbeck’s words to inspire Iraq’s future generations.

By donating the cost of your favourite book, you will be helping the AMAR Foundation to provide a high standard of education, to children and young people across Iraq.

(Source: Iraq Solidarity News)