AFC is overweight on Iraq’s financial stocks Hong Kong-based fund management company Asia Frontier Capital (AFC) has been actively tracking Iraqi equities since June 2015 when they launched the AFC Iraq Fund. As of January 2017, the fund is overweight the financial sector which commands a good 58.1% portfolio allocation. Consumer staples stand second with a 23.3% weighting.
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Actions like the travel ban on Iraqis could have the unintended effect of derailing the U.S. alliance with Baghdad -- an outcome that would benefit Iran, the Islamic State, and no one else. The first few weeks of Donald Trump's presidency have been a political roller coaster for Iraq. On Jan. 21, the newly minted commander in chief raised his oft-repeated mantra that the Un
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The Iraqi government is warning that a pair of pending deals with General Electric could be at risk from President Donald Trump's travel ban, according to internal State Department documents. The industrial conglomerate, which builds everything from nuclear reactors to aircraft engines, already has sizable interests in Iraq, including power contracts worth more than a billio
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Tillerson firm spending billions to drill for oil DUBAI (CNNMoney) - ExxonMobil may have a problem in Iraq. The country is one of seven covered by President Trump's travel ban. And the company is the only American firm still operating under an oil license granted by the Iraqi government. ExxonMobil's presence in Iraq is the work of former CEO Rex Tillerson, now Trump's pic
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