Tag Archives: oil

Africa Among the Best to Invest Reply

by • Africa News • Tags: , , , , , , , ,
Botswana, Rwanda, and Ghana were recently named among the top 10 countries in the world to invest

Botswana, Rwanda, and Ghana were recently named among the top 10 countries in the world to invest

Reposted from eNCA

Three African countries have been listed in the top ten of the 102 best places in the world to invest.

A report by the US think tank, Foreign Policy has ranked countries by their attractiveness as investment destinations. Southern Africa’s Botswana, East Africa’s Rwanda and West Africa’s Ghana have all been listed among the 10 best places in the world to invest. This is based on the ease of doing business, the return on investments and the stability of the country. In first place on the continent and second globally is Botswana. More…

Banking on Iraq Reply

by • Iraq News • Tags: , , , , , , ,
Iraq is attracting FDI in oil & gas, power, infrastructure, and financial services

Iraq is attracting FDI in oil & gas, power, infrastructure, and financial services

Reposted from Arabian Business
By Ed Attwood

Wadie Habboush has one of the more impressive corner offices that this reporter has seen, and he’s seen a few. The firm of which he is CEO, the Habboush Group, has just moved into a cavernous corporate office in DIFC, from where it is planning nothing less than the redevelopment of Iraq’s battered infrastructure.

The Iraqi national certainly has some pretty big aims. Via a ‘one-stop-shop’ strategy, the company aims to link foreign investors who are keen to access Iraq’s potential returns with the country’s need for infrastructure. What that means is that the firm will not only secure the financing for any particular project, it will also design, build and operate the project even after completion. More…

Mongolia scolds Rio Tinto Reply

by • Mongolia News • Tags: , , , , ,

Oilshale
Reposted from The UB Post
By By B.Khash-Erdene

It is estimated that Mongolia has and 800 billion tons of oil shale reserves. But this number was deduced by Mongolian geologists by studying only 19 percent of the outlined reserves in 1990.

Oil shale is said to be an alternative fuel source which provides a vast potential for profit to businessmen and entrepreneurs. Although Mongolia hasn’t even fully established its reserves of this possible miraculous mineral, foreign businesses have already begun eyeing Mongolia’s shale deposits. More…

China Will Soon Be Drilling A Third Of Iraq’s Oil Reply

by • Iraq News • Tags: , , , ,

Although many American oil firms are weary of Iraq's instability, Chinese companies are rushing in

Although many American oil firms are weary of Iraq’s instability, Chinese companies are rushing in


Reposted from Business Insider
By Rob Wile

Ten years after the invasion of Baghdad, major American oil companies are staying away from investing in Iraq’s oil resources, McClatchy’s Sean Cockerham reports. Instead, many of Iraq’s newest oil fields are now controlled by Chinese.

Iraq possesses the second-largest oil deposit in the world, in the West Qurna region. Forbes says the country could easily become the second-largest oil producer in the world after Saudi Arabia. More…

Iraq’s Growing Stock Market Reply

by • Iraq News • Tags: , , , , , , , ,
Despite Iraq's turbulent past, the country's bourse is fluorishing

Despite Iraq’s turbulent past, the country’s bourse is fluorishing

Reposted from Wealth Daily
By Joseph Cafariello

Like springs of water vitalizing an oasis in the desert, a steady flow of investment has been springing to life the Iraqi stock market.

Asiacell—a Qatar Telecom-affiliated telecommunications company—has just last month raised over U.S. $1.3 billion from its IPO. It is the largest initial public offering in the whole of the Middle East since 2008.

Fascinating as that may be, what is even more astounding is where it listed: on the Iraqi Stock Exchange. More…

Invasion, Insurgency…Investment? Iraq Looks Beyond its Troubled Past Reply

by • Iraq News • Tags: , , , , , , , , , , , ,
Iraq's security situation has improved and it is one of the world's fastest growing economies, projected to achieve 14.7% GDP growth this year

Iraq’s security situation has improved and the country is one of the world’s fastest growing economies, projected to achieve 14.7% GDP growth this year

By John Enos

For most people, chances are that the mention of Iraq conjures up images of suicide bombs, sectarian strife, and widespread destruction. In the aftermath of the 2003 US-led invasion and Saddam Hussein’s deposition, a power vacuum and simmering Sunni-Shia tensions led to a bloody civil war that undermined prospects for reconstruction or stability. Ever since, international media has been keen to portray Iraq as an embattled state, and any headlines the country does garner are inevitably regarding conflict.

This article is an excerpt from Leopard Asia Frontier Fund’s February 2013 newsletter. You can subscribe to the newsletter here. More…

Iraqi Kurdistan Shifts Investment Approach Reply

by • Iraq News • Tags: , , , , , , , , , ,
Iraqi Kurdistan is aiming to diversify its economy and attract more foreign investment

Iraqi Kurdistan is aiming to diversify its economy and attract more foreign investment

Reposted from Al-Monitor

By Abdel Hamid Zebari

The Kurdistan Region of Iraq is preparing to change its investment approach to focus on new areas of foreign and local investment — including tourism, agriculture and industry — after having focused exclusively on housing and oil for the past six years.

Despite the fact that oil investments are the largest investments in the Kurdistan region, they fall outside of the investment law. These investments are carried out in a differ manner from those in business, industry and agriculture.
According to statistics obtained by Al-Monitor from the General Investment Authority in the Kurdistan Region, foreign and local investments have reached $24.5 billion across 521 projects extending over an area of 8500 acres in the region’s three major cities, Erbil, Sulaymaniyah and Dohuk. More…

“The Best Unopened Market in the World” 2

by • Myanmar (Burma) News • Tags: , , , , , , , ,

Reposted from The Daily Reckoning

Archibald Colquhoun returned from a trip to Myanmar (Burma) enthusiastic about the opportunities in the country. He wrote a book about it all: Burma and the Burmans: Or, “The Best Unopened Market in the World.”

Colquhoun writes exuberantly about the oil resources of the country, as well as its jade, gold, copper and coal. There are dense forested hills of teak, unspoiled fisheries and fertile valleys. Nor did he forget the potential for reopening old trade routes connecting China and India.

The thing is, he wrote about all this in 1885. More…

Tapping Into Africa’s Top-Performing Markets Reply

by • Africa News • Tags: , , , , , , , , , , ,
African equities are booming

African equities are soaring, particularly in countries with burgeoning oil industries

Reposted from Nasdaq

The African investment thesis is an enigma wrapped in a riddle cloaked under a veil of high risk. To some, the world’s second-largest continent is the last investment frontier . Other investors know no more of Africa than the iShares MSCI South Africa Index Fund (NYSE: EZA) and maybe the Market Vectors Egypt ETF (NYSE: EGPT). More…

Unexplored Cambodia Shines For Angkor Gold Reply

by • Cambodia News • Tags: , , , , , , , , , , , , , ,

The company hit a significant gold discovery on its Phum Syarung Prospect

The company hit a significant gold discovery on its Phum Syarung Prospect

Reposted from MarketWatch
By Chris Devauld

Long forgotten amidst the instability of past political forces, the Kingdom of Cambodia (“Cambodia”) has been slow to shake off the dark moments of its recent history. More…