By John Lee.

According to Miriam Malek, writing for S&P Global Platts, Iraq is again becoming a viable destination for energy investment after the final defeat of Islamic State and the election of a new government revived interest in the region’s second-largest oil producer.

The US, Qatar, Saudi Arabia and Iran are now vying for a share in the spoils.

Click here to read the full article.

(Source: S&P Global Platts)

By Ahmed Tabaqchali, for 1001 Iraqi Thoughts.

Iraq’s new entrepreneurial generation of civil activists’ sense of civic duty flourished during the trauma brought by the ISIS takeover of a third of the country in 2014, and has continued to grow since then as reviewed in a recent report.

The report into “A New Generation of Activists Circumvents Iraq’s Political Paralysis” also looked into the origins and the determination of these civil activists to “develop solutions to policy problems that the political class has been unable to address”.

Click here to read the full article.

By Ahmed Tabaqchali, for 1001 Iraqi Thoughts.

Iraq’s new entrepreneurial generation of civil activists’ sense of civic duty flourished during the trauma brought by the ISIS takeover of a third of the country in 2014, and has continued to grow since then as reviewed in a recent report.

The report into “A New Generation of Activists Circumvents Iraq’s Political Paralysis” also looked into the origins and the determination of these civil activists to “develop solutions to policy problems that the political class has been unable to address”.

Click here to read the full article.

The U.S. Embassy in Baghdad hasd advised all U.S. citizens of heightened tensions in Iraq and the requirement to remain vigilant.

Actions to Take:

  • Do not travel to Iraq
  • Avoid places known as U.S. citizen gathering points.
  • Keep a low profile
  • Be aware of your surroundings

Assistance:

U.S. Embassy Baghdad
Al-Kindi Street, International Zone, Baghdad
Telephone (during business hours)

From Iraq:  0760-030-3000;

From the United States:  301-985-8841
U.S. Citizen Emergency After-Hours Telephone (ask for the duty officer)

From Iraq:  0760-030-3000;

From the United States:  301-985-8841

E-mail: BaghdadACS@state.gov
Website: https://iq.usembassy.gov/

U.S. Consulate General Erbil
413 Ishtar, Ankawa Erbil, Iraq
Telephone (during business hours)

From Iraq:  0760-030-3227;

From the United States:  240-264-3467 extension 4554
U.S. Citizen Emergency After-Hours Telephone (ask for the duty officer)

From Iraq:  066-211-4554;

From the United States:  240-264-3467

E-mail: ErbilACS@state.gov
Website: https://iq.usembassy.gov/embassy-consulates/erbil/

State Department – Consular Affairs
888-407-4747 or 202-501-4444

(Source: US Embassy)

IOM Iraq’s Enterprise Development Fund (EDF) encourages rapid, large-scale private sector job creation and economic recovery through tailored support to Small and Medium Enterprises (SMEs).

The EDF is a financing mechanism that provides SMEs with financial capital to contribute to their recovery and/or expansion.

To assess the capacity of the market to absorb medium-sized grants, the EDF market assessment was rolled out in Kirkuk, Fallujah, and Mosul in November 2018.

The assessment was led by IOM Iraq’s Return and Recovery Unit (RRU) and contributes to the necessary groundwork to introduce the EDF in any location.

Please see below the assessments for three governorates:

(Source: IOM)

By John Lee.

The China Petroleum Engineering and Construction Corporation (CPECC) has been awarded a contract to recover natural gas from the Halfaya oilfield.

Planned production is put at 300 million standard cubic feet of gas per day, according to a statement from Iraq’s Ministry of Oil.

(Source: Ministry of Oil)

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 across the country.

Please click here to download the latest report free of charge.

For more information on how GardaWorld’s services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at daniel.matthews@garda.com

By John Lee.

Standard Chartered bank is reportedly reviving stalled plans to open a new branch for corporate customers in Basra in the first half of 2020.

This would be the UK-based bank’s third branch in Iraq.

Its Iraq CEO Mohammed Jawad Al-Delaimy told Bloomberg:

“Security in Iraq has improved dramatically … We have witnessed international companies decreasing their security requirements and risk levels.”

He added that profits in Iraq have been increasing since 2014, and said the bank plans to sign financing deals worth about $500 million for electricity projects by early next year.

More here.

(Source: Bloomberg)