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  • Investors Iraq News's Avatar
    Today, 08:17 AM
    Iraq’s ambition to boost oil-output capacity to a record 5mn bpd is “not unrealistic” as the country prepares for the end of OPEC-mandated supply limits, according to analysts. Iraq, which has been rehabilitating its oil industry after years of conflict, has vowed to keep expanding capacity while respecting an Organisation of Petroleum Exporting Countries’ accord that will limit its production until next April. The country wants to be ready for either the end of that deal, or to press its OPEC partners for some leeway if the group chooses to further prolong output curbs.* OPEC’s second-biggest producer reluctantly agreed in November to participate in production cuts to end a global oil glut, arguing it deserved to be exempt while reviving its economy and battling Islamic State insurgents. Iraq also hesitated before backing a nine-month extension of the accord finalised on 25 May, and has only made about half its pledged output curbs this year, according to the International Energy Agency. (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 08:17 AM
    Maneuvering through narrow streets in the stifling heat, 24 Sarens employees and 5 police officers successfully delivered an oil rig to the North Rumaila Oil Field in southern Iraq. This super-giant oil field is an important resource: it contains an estimated 17 billion barrels of oil, or 12% of the country’s reserves. Sarens performed the operation on behalf of Rumaila Operating Organization (ROO) and BP Iraq N.V. The oil rig had a 93t mast measuring 32m x 3.6m x 7m, as well as a 147t bottom structure measuring 22m x 9m x 6m.*The following equipment was deployed for its transport and installation: 1*x*250*mobile*crane 1*x*120*mobile*crane 14*axle*line*conventional*trailer 9*axle*line*conventional*trailer K-25*hydraulic*suspended wooden*supports Climbing*jack*system Transport was smooth and the client was happy with Sarens’ performance, including the use of SPMTs for the*operation. “This is the first rig move in Rumaila Oil Field via SPMT,” says branch manager and technical solutions manager Shwan Askari. “Sarens transported the total substructure about 5 kilometers, saving time and money. The entire operation was carried out safely.” (Source: Sarens) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 08:17 AM
    Ericsson has been awarded an extension of its Managed Services contract with Zain Iraq until 2021, after successfully providing Managed Services for Networks, IT and value-added services to the operator since 2012. Under the terms of the new contract, Ericsson strengthens its role as a trusted business partner by supplying a Service Operation Center and Energy Network Operations Center to Zain Iraq. The expanded scope means the operator will be able to provide a better user experience by managing the quality of service from an end-to-end perspective. Ali Al Zahid, CEO, Zain Iraq, says: “Based on our first five years together, we know that Ericsson reflects our own core values in maintaining standards and service delivery. During the next five years, as we continually upgrade and expand our network, we expect even greater success by ensuring that exceptional network and service performance is available for our customers.” Rafiah Ibrahim, Head of Ericsson Middle East and Africa, says: “Making these improvements to our existing deal with Zain Iraq will greatly assist the operator to transition from network performance to service performance, and we look forward to facilitating this evolution as a trusted partner and supplier.” Ericsson’s Managed Services are designed to meet the unique needs of each operator in terms of cost efficiency, service performance and technology evolution, ultimately to improve operators’ abilities to meet consumers’ expectations. (Source: Ericsson) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • millionairetobe71's Avatar
    Today, 03:16 AM
    Politics If Michael Flynn Is Talking, the Game Has Changed A couple of Democratic senators from New England's beachfront properties-Sheldon Whitehouse of Rhode Island and Richard Blumenthal of Connecticut-have come right up to the edge of saying what a great number of people have suspected for a while: Namely, that Michael Flynn, the former national security adviser and probably the worst executive branch hire since Albert Fall, has begun to sing sweet, sweet melodies to various investigators. If these two guys are right, then that would explain why everybody in the White House, except (possibly) the gardeners, are scrambling for lawyers. If these two guys are right, then the threat level on all things Russia (and, perhaps, all things Turkey as well) just went into the red zone. There is more than enough reason to believe that Flynn holds the keys to the kingdom. The president* went to great lengths to keep him around and, when that fell through, he went to great lengths to keep in touch with Flynn, at least for a while. And the leverage the FBI or Whoever has on him keeps getting ratcheted up. Moreover, if you read down through that ABC News story, you discover that Flynn attached himself to a completely harebrained scheme to develop some sort of US-Russia private partnership arrangement concerning nuclear power in precisely the worst place in the world to have loose nuclear fuel lying around. Lawmakers believe travels were related to a proposed U.S.-Russian partnership that would have been financed by Saudi Arabia to build, operate and secure dozens of nuclear reactors throughout the Middle East, the details of which were outlined by internal company memos first published by Newsweek. Flynn was reportedly tasked with developing a security strategy for the network of reactors and calming the concerns of uneasy U.S. allies in the region, such as Israel and Egypt. While proponents touted the potential security benefits of the arrangement, particularly the opportunity to secure radioactive waste that could be used to make nuclear bombs, there is evidence to suggest that U.S. entities might have been pursuing a more self-interested agenda. Designers of the venture, Newsweek reported, sought not only to jump-start the sputtering U.S. nuclear industry but also to drive a wedge between Russia and Iran, two powerful impediments to U.S. interests in the Middle East. This guy has some stories to tell, certainly.
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  • millionairetobe71's Avatar
    Today, 03:02 AM
    Health Care Declassified No. 3: Senate bill still under construction, a day before scheduled rollout Well..the document is Missing In Action...but...if you are so eager to know about it....Just... Ask the Russians!! .... I am sure they already have a copy....
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  • millionairetobe71's Avatar
    Today, 02:53 AM
    Trump Organization seeks hefty tax break for Westchester golf club ALLAN DODDS FRANK,ABC News 4 hours ago The Trump Organization wants its tax bill cut in half at one of its high-end golf clubs, part of a longstanding Trump practice of using legal challenges and appeals to lower his corporate tax bills. President Donald Trump’s company, now run by his adult sons, Donald Jr. and Eric, has requested a property tax break of a quarter of a million dollars for the Trump National Golf Club, Westchester, in the village of Briarcliff Manor, New York, according to town officials. The legal challenge is meeting with opposition from many citizens who resent having to assume the burden of paying additional taxes to support town services and the local school district. Flynn failed to report foreign trip to broker US-Russia nuclear deal, House Democrats say “It is very difficult when you see someone who has all these assets at his disposal who would rather pay lawyers to avoid his civic duty of paying taxes,” said Gloria Fried, the receiver of taxes for Ossining, a Democrat, who also collects taxes for the village of Briarcliff Manor. According to Fried, the Trump Organization filed a tax grievance on Tuesday with the town assessor’s office in Ossining, valuing the course at $7.5 million, or half of the $15.1 million the town calculates should be the tax basis for the course. This is the same course, spread over 143 acres in Westchester County, that presidential candidate Donald Trump listed on his publicly-filed financial disclosure report as being worth $50 million in 2016. The move is consistent with repeated efforts by the Trump Organization to challenge the valuation of the property in an effort to win massive tax reductions. In 2016, Trump’s lawyer initially claimed in a grievance the property was worth only $1.35 million, even though the tax assessors rated it at $15 million. Fried said that in past years, the Trump Organization has paid their taxes -- which are still being litigated for 2015 and 2016 in local courts -- with checks stamped: “Paid Under Protest.” Trump bought the property at a foreclosure sale for $8 million and reportedly spent $45 million to build the 18-hole golf course and luxury housing development. In 2008, town officials say, the golf club received a reduction in its assessment from $38 million to $16 million.” On June 14, Donald Trump’s birthday, residents of Briarcliff Manor held a protest march to complain about the Trump Organization’s tactics. “Even people who are Trump supporters say: ‘You have to fight this,’” Ossining town supervisor Dana Levenberg, a Democrat, told ABC News. “ carrying the burden to support these tony golf courses which have some of the most sought after tee times in the country.” Neither Trump’s lawyer in the matter nor a spokesperson for the Trump Organization responded to requests for comment from ABC News. Folks...did this surprised you?...... It did not surprised me......I have been saying this from the very beginning... Donaldof only thinks of himself and his sense of business self-preservation...simple as that....he doesn't care one iota about the American people, he doesn't care if his cause affects the lives of the ordinary citizen as long as he makes the money he wants to make at the expense of the poor and less deserving... But hopefully he won't be there long enough....there is a point when America will say, " Donaldof, enough is enough...you need to leave now".....
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  • Wolverine's Avatar
    Yesterday, 06:40 PM
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  • millionairetobe71's Avatar
    Yesterday, 04:17 PM
    And let me add... Donaldof has NOT accomplished anything of significance while still hijacking the Oval Office..it is like getting overpaid for sitting and warming a chair and still complaining about it. Common, no fiscal budget, still high taxes, criminally rounding up and breaking families apart, still high crime in the streets, no one around the world cares or take Donaldof seriously, matter fact, many world leaders make fun of him, high poverty rates in the US, cuts to education and putting a divisive Secretary of Education, giving jobs to his affluent buddies so they can have leverage in their personal business relations, delegating the responsibility of the war in Afghanistan to military generals...mind you, ANY responsible leader will tell you that you can delegate authority, but you CAN'T NEVER delegate responsibility.....and the list goes on and on and on and on... Now, wasn't supposed to things go easier since the GOP won the Senate and the House?....the answer to that question is NO....because no one wants to work with Donaldof.....no one. so now we have that puppet sitting in the same chair were responsible and great leaders of the past led this nation to many successes but Donaldof...he is only warming the Chair for Mike Pence. Yes, folks, I surely hope that once the CRIMINAL INVESTIGATIONS are over, Donaldof will be either removed or resign and let Mike do the job... that is exactly what America needs. We need Mike in the Oval Office, not the Cheetos dude..... I think is time for him to let a real American do the job.
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    Yesterday, 04:03 PM
    Thanks Wolvy.....very thoughtful of you....
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    Yesterday, 04:01 PM
    Business Ford To Move Focus Production From Michigan To ChinaUnder pressure from Donald Trump, Ford scrapped its plans to build a $1 billion plant in Mexico that would’ve produced its Focus compact car. But in a move that’s likely to vex the president, the automaker has decided to relocate its production to China in 2019. Ford currently builds the Focus at its factory in Wayne, Michigan, and in facilities in Germany and China. The automaker had originally planned to shift the car’s production from Michigan to Mexico in order to pay lower labor costs. In January, however, Ford announced that it had nixed the project after facing stiff criticism from President Trump, who was pushing manufacturers to keep jobs in the U.S. Trump called the Mexico move an “absolute disgrace” and threatened to levy tariffs on Mexican-made Ford vehicles. On Tuesday, Ford announced it will shift its Michigan production of the Focus to China. According to Bloomberg, the automaker plans to then sell those made-in-China vehicles to the U.S. market. Once this transition is completed, the Focus will reportedly be the biggest automotive export ever from China to the U.S. Joe Hinrichs, Ford’s head of global operations, cited lower costs as the reason to outsource production to China. The company will save $1 billion by building the Focus in China instead of Mexico, he said. ″ have looked at how we can be more successful in the small car segment and deliver even more choices for customers in a way that makes business sense,” Hinrichs said in a statement. He said the savings would be so significant that even if Congress slapped tariffs on foreign-made imports, the change would still make financial sense. “We think the significant capital savings outweigh any of the risks associated with any adjustments to the border,” said Hinrichs. Ford stressed that no American jobs would be lost in the China move. Starting in late 2018, its Michigan plant will simply focus on making bigger, more profitable vehicles, including the Ranger midsize pickup truck. The automaker also announced on Tuesday that it will invest $900 million in a Kentucky factory to build big SUVs, like the Lincoln Navigator, which would secure 1,000 jobs at the plant. Although Trump has not responded to the news, members of his staff have had a muted reaction thus far. White House Press Secretary Sean Spicer “deflected a question” on Tuesday about Ford’s China decision, saying that tax reform would boost American-based manufacturing, The New York Times reported. “The general consensus is that the president wants to create a tax system that encourages companies to bring jobs and factories back here,” Spicer said. In a statement, Commerce Secretary Wilbur Ross said Ford’s move “shows how flexible multinational companies are in terms of geography.” Analysts said Ford’s gamble on China could signal the larger role that the country will play in vehicle production for the U.S. “Times have changed,” auto analyst David Whiston told Bloomberg. “No American would consider buying a Chinese-built car 20 years ago. Now people just want their car to work.” --- Donaldof: "Ford...you ain't moving to Mexico....and you ain't moving because I say so. And if you move to Mexico, I will raise the import tariff to Mexico so you won't have your Mexican Tacos with guacamole"..... ---- Ford: "Ok Boss...you win this time. We will do as your Majesty Puppet Donaldof says because even though we are gringos, we love Mexican avocados and guacamole" ---- Donaldof: " To the American People...You see, I am a tough mothersucker...I made Ford staying here because they know better not to mess with me....Me an me alone and only me made this happen"... ---- Ford:" Ok Amigos.....we are not going to Mexico....but pack your bags....we are going to China...after all...we love Chinese food"... See Folks...no one cares about Donaldof....at the end...he is nobody to tell a company what to do or what not to do...so what would be his plans...raise the import tariffs on soy beans or to the wanton soup?...LOL...So soon you will be driving a Ford powered by soy bean oil and smelling like stir fry.....
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  • Wolverine's Avatar
    Yesterday, 01:26 PM
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  • Investors Iraq News's Avatar
    Yesterday, 10:20 AM
    Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar. Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and held in Tehran on Tuesday, Iranian First Vice-President Eshaq Jahangiri called for the expansion of banking cooperation between the two neighbors by removing the trade obstacles. To that end, he proposed, Iran and Iraq can begin to trade using their national currencies. Jahangiri then noted that the political, economic and security cooperation between Iran and Iraq has reached such a high level that they need to formulate a “comprehensive document on trade and economic cooperation.” The vice president also pointed to the huge number of Iranian pilgrims traveling to Iraq every year, suggesting that Tehran and Baghdad should sign an agreement to lift the visa restrictions. For his part, the visiting Iraqi prime minister voiced Baghdad’s readiness to boost relations with Tehran in all fields. Iraq and Iran are in the same front in the fight against terrorism, Abadi added, saying the Takfiri terrorist groups in the Arab country are on the brink of destruction. Heading a delegation, Abadi arrived in Tehran on Tuesday and held meetings with Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei and with Iranian President Hassan Rouhani. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 35 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 10:20 AM
    By*Mustafa Saadoun for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. As violence escalated in Baghdad over the past few days, with several areas being targeted by bomb-rigged vehicles, members of the Popular Mobilization Units (PMU) have called for the capital’s security dossier to be handed over to them. In late May, a series of explosions targeted civilians in Baghdad. Most notably, a car bomb attack targeted an ice cream shop on May 29 in Karrada district, killing 11 people and wounding 47. According to UN statistics,*86 civilians were killed and 226 others were wounded in Baghdad as a result of terrorist attacks and armed clashes in May. On May 30, Kazem al-Sayadi, a member of parliament from the State of Law Coalition led by Nouri al-Maliki (who claims he established the PMU), called on “referring the entire*security system in Baghdad to the courts and dismissing security officers, as well as suspending the Baghdad Operations Command and handing over the capital’s security dossier to the PMU.” Hassan Salem,*a*member of parliament from al-Sadiqoun bloc affiliated with Asaib Ahl al-Haq, said there was a*need to involve the PMU in the work of the Baghdad Operations Command to help protect the capital, especially in popular markets and crowded areas. Such calls were*expected from Sayadi and Salem, both of whom are members the Shiite National Alliance, which includes all PMU leaders and factions. However, Christian member of parliament Emad Youhanna surprised everyone May 30 when he called for suspending the Baghdad Operations Command and handing over the security dossier to the PMU, especially since he had previously accused the PMU of seizing the houses of Christians in Iraq. Maj. Gen. Emad Allow, a retired general and adviser to the European Center for Counterterrorism and Intelligence Studies, told Al-Monitor, “The request to hand over Baghdad’s security dossier to the PMU has been suggested several times. Yet*I do not believe the PMU will be able to handle this mission because Baghdad’s security requires efforts on the police and intelligence levels, not the military one.” He added, “The PMU is organized in a semi-military manner and it is not trained to maintain security within cities. In addition, taking over this dossier may raise some sectarian and political issues.” However, Allow agrees with the statements made by Salem on the need for the PMU to coordinate with the Baghdad Operations Command to exchange intelligence information because “the Interior Ministry is unable to control security by itself.” There seems to be an attempt by the predominantly Shiite National Alliance that has the majority in parliament to dismantle the Baghdad Operations Command, founded in 2007, so the PMU can take full charge of the security dossier or give the Interior Ministry the power to handle it. On May 31, a member of parliament from the National Alliance,*Faleh al-Khazali, called on the commander in chief of the armed forces, Prime Minister Haider al-Abadi, to dissolve the Baghdad Operations Command and hand over the security dossier to the Interior Ministry. On May 8, before these calls were made, the Baghdad Operations Command had added the PMU’s slogan to a banner that*includes the slogan of each security agency working under the command’s umbrella. This shows that the PMU was going to be participating in maintaining security in the Iraqi capital. The National Alliance is pressing the government by trying to replace the Baghdad Operations Command with the PMU, but it seems that its main demand is for the capital’s dossier to be handed to the Interior Ministry and give the interior minister, who will one way or another be affiliated to the PMU, greater powers. There is a fear that handing over Baghdad’s security dossier to the PMU would result in society’s militarization. However, Mohamed al-Sayhoud, a member of parliament for the State of Law Coalition,*believes otherwise and wants to give the PMU the responsibility for Baghdad’s security. On May 30, Sayhoud said in a press statement, “The PMU has the expertise to maintain security in Baghdad, as it is an official force affiliated with the commander in chief of the armed forces.” The PMU is a great force with the ability to fight on the military battlefield, but it may not be able to control the situation inside Baghdad in terms of maintaining its security and dealing with citizens, especially since the PMU essentially is of one sectarian color (Shiite Muslim); this is why local and international human rights organizations will be keeping a close eye on PMU actions in the capital. Also, no one can guarantee that the PMU will not be used by a certain party to impose its own military or political influence within the capital. The majority of the PMU’s leaders claim to be working under the Iraqi state’s umbrella, but they believe in doctrines that go beyond the borders of the Iraqi state, and some are directly affiliated with*Iranian Supreme Leader Ayatollah Ali Khamenei. In a nutshell, the PMU should be calmly dealt with during the post-Islamic State (IS) phase without provoking it. If the PMU is not allowed to control the security situation in Baghdad, it will carry on with its armed action in the capital, which will put the Iraqi security services in a pickle. On the other hand, if the PMU takes over the security dossier in the capital, it could easily use this authority to impose its political influence over Baghdad. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 35 view(s)
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