Activity Stream

Filter
Sort By Time Show
Recent Recent Popular Popular Anytime Anytime Last 24 Hours Last 24 Hours Last 7 Days Last 7 Days Last 30 Days Last 30 Days All All Photos Photos Forum Forums
  • Investors Iraq News's Avatar
    Today, 10:20 PM
    Police officers in Garmiyan Administration have completed a two-day training course organized by the United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO) on core human rights principles relating to police work. The training course on 18 and 19 September, entitled “Rights of Persons Under Investigation,” was part of a series of activities by UNAMI HRO to support regional institutions and civil society organizations in protecting and promoting human rights in the Kurdistan Region. The course was attended by 21 officers from the Kalar Directorate of Police and Assayish (Security) and directorates of police in the surrounding districts like Kifri, Darbandkihan and Rizgari within Garmiyan Administration. The training course examined general principles and concepts of human rights law, including United Nations reporting and review mechanisms and state obligations. It also addressed the rights of detained persons under international, Iraqi, and Kurdistan Regional law, and the role of police in protecting the rights of freedom of expression and assembly. In his opening remarks, Mr. Nedim Osmanagic of the UNAMI Human Rights Office, expressed the hope that the training course would help participants to see human rights law as a tool, and the United Nations as a partner, to perform their important work to the highest standards. At the end of the course HRO distributed the Human Rights Booklet on the Core 9 international human rights treaties among the participants. (Source: UNAMI) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 6 view(s)
  • BatmaninIraq's Avatar
    Today, 07:10 PM
    Small denominations of currency Author: Mohamed Sherif Abu Maysam 24/9/2018 12:00 AM Economists define money as anything that is generally acceptable to pay for economic goods or services or to repay debt. Money is the basic part of human life, especially after the end of the barter can not eat or drink or spend his work only with the availability of money has, after this simple illustration in this article explains the role of the Central Bank not to put it for small cash categories (250, 500) This is what I hear from most of the public when we rent a car or when we buy clothes or food. Economic researchers are talking about why the central bank did not print small (new) monetary categories and which department is responsible for the currency. The answer to this question is that I did not defend the Central Bank and did not make any effort in this matter, despite the fact that it is an important and sensitive subject. There is a claim that the most important function of the Central Bank is issuing the currency. I disagree with them on this point. The center is printing the Iraqi currency in the best printing presses in the world, namely (Germany) and therefore there is a department of issuance and the treasury is responsible for issuing and follow up this money, especially (small). The 250 currency currency has a life to reprint and the cash currency (500) has the same age to be reprinted. The central is to replace the most used (damaged) cash categories (250, 500) from the public and banks without a commission. This is a step towards achieving The stability of the bank will be carried out by the Central Bank successfully. In addition to the withdrawal of a large amount of categories (damaged) from the public daily, the Department of the issuance and cabinets in the Central Bank of Iraq to withdraw these categories damaged from the public and replace them with new categories and then press and puncture and tearing in the sites of the Department of the issuance and then print new categories with their cost . The centralist has a great responsibility and is capable of this task, where he works to follow the reality of the cash circulation, and takes into account the circulation of the small group and non-acceptance of the damaged ones in simple daily transactions, so the solution was to work to put the required categories .
    147 replies | 24293 view(s)
  • Investors Iraq News's Avatar
    Today, 06:04 AM
    The World Bank Group and the European Union have signed a €15.6 million (US$18.1 equivalent) technical assistance program to strengthen public financial management (PFM) oversight and accountability Institutions in Iraq and increase the efficiency in the management of public resources and delivery of services. The initiative, which will be implemented jointly by the European Union and the World Bank, complements the $41.5 million “Modernization of Public Financial Management Systems” program launched by the World Bank in 2017. It addresses some of the key vulnerabilities in Iraq’s PFM and supports the commitments and objectives for PFM reform currently under implementation. “PFM is an essential part of any development process”, said Saroj Kumar Jha, World Bank Mashreq Regional Director. “Sound PFM supports aggregate control, prioritization, accountability*and*efficiency in the management of public resources and delivery of services, which are critical to the achievement of public policy objectives, as well as to restoring the trust and social contract between Iraqi citizens and the country’s institutions”. As aid is increasingly provided through modalities that rely on well-functioning systems for budget development, execution*and*control, a sound PFM system is fundamental to the appropriate use and effectiveness of donor assistance. A more efficient PFM system is also instrumental in reducing inequalities in wealth distribution and promoting a dynamic and prosperous economic environment more conducive to business development. “As was pledged in the Kuwait Conference, the European Union is committed to*stand*by Iraq in reconstruction and economic and political reforms,” said Ramon Blecua, European Union Ambassador to Iraq. “Our cooperation with the World Bank has been very fruitful and this project complements ongoing efforts supporting public finance management. The focus of the project we are signing today will be on the coordination of government and donors, more efficient management of resources, enhanced oversight and accountability, and fighting corruption. The EU is ready to help Iraq in facing the challenges ahead to secure a better future for Iraq”. The program comprises*of*three pillars and nine sub-components. Each sub-component corresponds to a specific Government reform commitment/objective and has been assigned to a lead government institution/department acting as WBG-EU counterpart. While some components will be recipient-executed with support from the World Bank, others will be initially WBG-EU executed on behalf of the recipient due to capacity constraints. The program envisages the creation of a Donors’ Coordination Committee, where all decisions regarding public finance management reforms and donor support to reforms will be discussed under the supervision of the Government of Iraq to ensure ownership, coordination, complementarity and overall reforms. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 35 view(s)
  • Investors Iraq News's Avatar
    Today, 03:52 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US sanctions have made it too expensive for Iranian Shia Muslims to travel to Iraq to mark Ashoura. Ashoura is a day of remembrance, commemorating the death of Imam Hussein, a grandson of the Prophet Mohammed. Al Jazeera’s Rob Matheson reports from Baghdad: Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    Today, 03:52 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Some of Iraq’s most significant archaeological discoveries have been made in the city of Samara. Samara lies on both sides of the River Tigris north of Baghdad. It marks the site of a powerful Islamic capital that ruled over the Abbasid Empire which stretched from Tunisia to Central Asia for a century. It’s estimated 80 per cent of it still lies undiscovered. UNESCO says it should be protected as a World Heritage Site. But locals say some of its landmarks are being left to crumble. Al Jazeera‘s Rob Matheson reports from Baghdad, Iraq: Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • Wolverine's Avatar
    Yesterday, 04:26 PM
    389 replies | 13270 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 PM
    By John Lee. German business newspaper Handelsblatt reports that Chancellor Angela Merkel has personally intervened with Prime Minister Haider al-Abadi to persuade the Iraq Government to sign a major contract with Siemens to upgrade the country’s electricity infrastructure. It is understood that the State Secretary for Economic Affairs, Thomas Bareiß, accompanied Siemens Chief Executive Joe Kaeser (pictured) on a visit to Baghdad on Sunday in the hope of agreeing a multi-billion euro deal. The German*export credit guarantee company Hermes would be expected to underwrite any contract. US-based General Electric (GE) is believed to be also in the running. (Source: Handelsblatt) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 57 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 06:10 AM
    By John Lee. Prime Minister Haider Al-Abadi has asked Iraq’s Integrity Commission to investigate the delays and stoppages in some infrastructure projects in Basra and other southern provinces. He said some of these delays were the result of corruption, while other we because of what he described as a dereliction of duty and a failure of leadership. He added that they will also look at the administration of border crossings to ensure that they are outside the influence of any political group. (Source: Govt of Iraq) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 62 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:52 AM
    Corruption has become the biggest threat to the future stability of Iraq following the defeat of Islamic State, Britain’s ambassador in Baghdad has told the Evening Standard newspaper in London. Jon Wilks said that although there were “remnants” of IS still present, the country was “settling down ahead of expectations” and starting to recover from decades of war and insurgent attacks. But he warned that corruption — which this month sparked violent protests in Iraq’s second city Basra — still posed a significant risk because of the negative effect that it had on business investment and public confidence. Full report here. (Source: Evening Standard) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 47 view(s)
  • mike032588's Avatar
    09-22-2018, 08:58 PM
    Anyone know what happened to the shares be currently held of Warka
    1 replies | 396 view(s)
  • Investors Iraq News's Avatar
    09-22-2018, 05:30 PM
    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 Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 68 view(s)
  • Wolverine's Avatar
    09-22-2018, 04:09 PM
    389 replies | 13270 view(s)
  • dollarsign's Avatar
    09-22-2018, 10:23 AM
    GREEN... A SIMULATION OF THE DINAR EXCHANGE RATE LINKED TO A BASKET OF CURENCIES A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi IQ per Us$ index Weight: US$ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.0513 IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05 IQ per US$ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075 STRASBOURG (Reuters) - European Commission President Jean-Claude Juncker called on Wednesday for the European Union to promote the euro as a global currency to challenge the U.S. dollar. “We must do more to allow our single currency to play its full role on the international scene,” Juncker told the European Parliament in Strasbourg as he presented his annual program. “It is absurd that Europe pays for 80 percent of its energy import bill – worth 300 billion euros a year – in U.S. dollars when only roughly 2 percent of our energy imports come from the United States,” he said. “It is absurd that European companies buy European planes in dollars instead of euro,” he added. While Norway prices its substantial supplies to the EU in euros, an EU official said, other countries use dollars. Among the most important of these are Gulf states and Russia. (now we all see putins driving need to money launder, and find accomplices. No one wants his rubles). Become the world's super power Mr. Juncker, then you can have it like that... WITH ENVY! $
    139 replies | 22818 view(s)
  • Investors Iraq News's Avatar
    09-21-2018, 01:52 PM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th Sept 2018). Please click here to download a table of listed companies and their associated ticker codes. Note: ISX was closed today (Sep. 20, 2018) due to religious holiday, 10th Day of Muharam “Ashura”. The next trading session will be held on Sunday (Sep. 23, 2018). The RSISX index ended the week at IQD706 (-1.8%) / $753 (-1.8%) (weekly change) (-12.9% and -9.9% YTD change, respectively). The number of week traded shares was 892.6 mn and the weekly trading volume was IQD544 mn ($446.9 k). ISX Company Announcements Gulf Insurance and Reinsurance (NGIR) will hold an AGM* on Oct. 3, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of NGIR starting Sep. 30, 2018 Original shares of Al-Hamraa for Insurance (NHAM) resumed trading on Sep. 19, 2018 after discussing and approving 2017 annual financial results and increasing the capital from IQD5.0 bn to IQD7.0 mn through 40% bonus issue. Cihan Bank for Islamic & Finance (BCIH) resumed trading on Sep. 18, 2018 after discussing and approving 2016 and 2017 annual financial results and to distribute 11.8% cash dividend (IQD0.118 dividend per share, 4.5% dividend yield). Al-Harir for Money Transfer (MTAH) resumed trading on Sep. 18, 2018 after discussing and approving 2017 annual financial results. Kurdistan International Bank (BKUI) will hold an AGM* on Sep. 22, 2018 to discuss and approve 2017 annual financial results. ISX suspended trading of BKUI starting Sep. 18, 2018. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 90 view(s)
  • Investors Iraq News's Avatar
    09-21-2018, 01:52 PM
    Republic of Korea supports UNHCR’s humanitarian activities in IraqThe Government of the Republic of Korea continues its support to UNHCR’s humanitarian activities in Iraq with a new donation of US$ 1.2 million. Despite promising signs of recovery in parts of the country, millions of Iraqis still need comprehensive humanitarian and protection assistance. Some 1.9 million people are displaced; hundreds of thousands are in camps. Many will not be able to return home any time soon. Rebuilding Iraq is no small task. As the country gets back on its feet, it is vital that the people who need emergency assistance continue to receive it for as long as they need it. Communities affected by the recent conflict are beset by hardships. Thousands of vulnerable people arrive in UNHCR-managed camps every month because they cannot find work or pay rent in their home areas, because progress in clearing explosive hazards is slow, or because services like water and electricity are not functioning. In July alone, 1,700 families – over 10,000 people – arrived in camps across Iraq. The majority of the new arrivals were displaced at least once before. With each displacement, people become more vulnerable. H.E. the Korean Ambassador to Iraq, Mr. Song Woong-Yeob (pictured), said, “The Republic of Korea is deeply committed to supporting humanitarian activities in Iraq and will continue to stand by Iraqi people who are in need of humanitarian assistance. I firmly believe that Korea’s continuing support for the activities through the Iraqi Government and international organizations like UNHCR will further help the endangered Iraqi people to recover and rebuild their communities by imbuing them with hope for a new future.” Mr. Bruno Geddo, UNHCR’s Representative in Iraq. ““There is no quick fix for Iraq. For people to see tangible improvements in their lives we must continue to respond to the situation, and stand beside the Iraqi people until they can return home safely. Sustainable return is a cornerstone of long-term peace and stability, and thanks to donors like the Republic of Korea, UNHCR is able to backstop Iraq’s journey to recovery. We will support the country’s most vulnerable people for as long as they need us.” (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 80 view(s)
  • Investors Iraq News's Avatar
    09-21-2018, 01:52 PM
    The Statistics Office, IOM, and UNFPA launch the Demographic Survey of the Kurdistan Region of IraqThe Kurdistan Region Statistics Office (KRSO), UNFPA, and IOM have launched the demographic survey of the Kurdistan Region of Iraq (KRI), one of the largest statistical exercises conducted in the region since 1987. The survey provides a comprehensive profile of the current population demographics, employment and income, housing, household possessions, literacy and education levels. This socio-demographic study gathered information from 12,699 households, including long term residents and displaced families in the three KRI governorates of Duhok, Erbil and Sulaymaniyah. This research is timely as it comes at a time where the country is emerging from the conflict and economic hardship; while a significant portion of displaced families have returned or are considering to go back home. The 2014-2017 war against the Islamic State of Iraq and the Levant (ISIL) has had a severe impact on the Kurdistan Region: from the start of the crisis, KRI has provided refuge to more than one million displaced Iraqis and continues to host more than 800,000 internally displaced persons. Dr Ali Sindi, Minister of Planning for the Kurdistan Regional Government (KRG), said: “The information in this survey establishes a reference base for future statistical studies, and will assist the Kurdistan Regional Government with better planning and allocation of resources.” Mr Gerard Waite, IOM Chief of Mission said: “This survey is a true collaborative effort with the KRG and UNFPA and hopefully will contribute to addressing the needs of the most vulnerable households, in this critical post-crisis period.” Mr Ramanathan Balakrishnan, UNFPA Representative to Iraq added: “This demographic survey fulfils the need for updated population and socio-economic statistics and will serve as a roadmap for future, policy development and planning with KRG and partners.” The survey was made possible through the collaboration of the Kurdistan Region Statistics Office (KRSO) within the Kurdistan’s Regional Government’s Ministry of Planning; IOM – the UN Migration Agency – and the United Nations Population Fund (UNPFA). Data was collected from October to November 2017. Support for the publication of the report is provided by the U.S. Department of State, Bureau of Population, Refugees and Migration, and by UNFPA. Key Finding & Statistics: 87 per cent of households have a monthly income of less than 1,000,000 Iraqi Dinar (approximately 850 United States dollars). More than 20 per cent of youth (18-34 ages) out of workforce are reported to have lost hope in finding a job. In 27 per cent of households the head of household had not worked in the week preceding the survey. Over 40 per cent of the KRI population aged between 15 and 64 years is an active part of the labour force with the public sector employing0 nearly half of the working population. Overall data indicates that the average household size in KRI is 5.1 members. 35 per cent of the population is younger than 15 years, 61 per cent belongs to the active labour force age group of 15-65 years and 4 per cent is 65 or above. KRI families currently enjoy an adequate standard of living: nearly all possess most common household appliances (television, stove or refrigerator). Three quarters of all families own the house they live in connected to the public water (90 per cent) and electricity networks and equipped with sanitation facilities. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 89 view(s)
  • BatmaninIraq's Avatar
    09-21-2018, 04:01 AM
    Parliamentary finance reveals the date of preparation of grants and loans of the Kuwait Conference BAGHDAD / A member of the parliamentary finance committee, Ahmed Hama, revealed on Sunday the date of the preparation of loans and grants obtained by Iraq from the reconstruction conference of Iraq in Kuwait, indicating that these funds will be included within the budget of 2019. "The loans and grants that were presented to Iraq at the conference for the reconstruction of Iraq in Kuwait need to be approved by the House of Representatives and therefore will be prepared in the middle of the next fifth month and will be included within the budget of 2019," Hama told Iraq News. He continued that "all loans and grants to the federal state according to Article 110, which is the exclusive powers of the state and therefore require the approval of the legislative authority and must be within the draft budget law."
    147 replies | 24293 view(s)
  • Investors Iraq News's Avatar
    09-20-2018, 01:32 PM
    By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Sugar production, General Company for Food Products Hydraulic centre, Hydraulic Industries State Company (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 91 view(s)
  • Investors Iraq News's Avatar
    09-20-2018, 01:32 PM
    By John Lee. Iraqi Airways has reportedly carried 9,200 passengers between Iraq and Russia in the first 12 months of operating flights. According to rusaviainsider.com, this consisted of 5,200 inbound to Russia and 4,000 outbound. The majority of those passengers flew between Moscow’s Vnukovo Airport and Baghdad, with the rest flying between Vnukovo and Basra. (Source: rusaviainsider.com) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 93 view(s)
  • Investors Iraq News's Avatar
    09-20-2018, 01:32 PM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is running out of water. Its planning ministry says about 90 percent of land is now desert and the small amount of remaining farmland is shrinking by five percent each year. Now farmers say their futures are dying with their crops. Al Jazeera’s Rob Matheson reports from Baghdad: Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 97 view(s)
  • Investors Iraq News's Avatar
    09-20-2018, 01:32 PM
    The University of Northampton signed a ground-breaking MoC with the University of Babylon at the Higher Education for the Development of Iraq Conference in London on 14-15 September, the first ever Iraqi Franchise agreement with a UK university. The signing was supported by His Excellency Professor Abdul Razaq Al Issa, the Minster of Higher Education for Iraq, His Excellency Dr Salih Al Timmimi the Iraqi Ambassador in London and Mr. Nadhim Zahawi the MP of Stratford-on-Avon and Parliamentary Under Secretary for the Department for Education. The franchise agreement will see Iraqi students completing their undergraduate degrees at the University of Northampton before returning home as graduate teaching assistants able to teach the Northampton syllabus. The partnership is not only limited to teaching and studying, but will also include research, joint PhD supervision and staff development and has the possibility to expand into other areas of joint working, such as geography, environmental sciences, English and teaching children with special educational needs. The University of Northampton has been working in numerous ways with the University of Babylon since 2012. In 2017, the University of Northampton Vice Chancellor Nick Petford became the first VC of a British University to visit Iraq since 2003. The recent signing of the MoC reinforces the work of the University of Northampton as a pioneering force in the development of Iraqi-British relations in the education sector. Professor Petford commented: “Our partnership with the University of Babylon continues to evolve and grow stronger, which is to the benefit of our institutions, our students and our countries. It was an honour to welcome such a distinguished delegation to the University of Northampton and I look forward to the first cohort of graduate teaching assistants joining us very soon.” For more information please visit: https://www.northampton.ac.uk/about-us/our-partners/partnerships-in-asia/university-of-babylon-hillah-iraq/ (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 86 view(s)
  • Will-it-happen?'s Avatar
    09-19-2018, 10:48 PM
    Engrish broken here
    2 replies | 220 view(s)
  • thebest's Avatar
    09-19-2018, 04:22 PM
    Look the American Flag https://bisxapp.com/login.html
    2 replies | 220 view(s)
  • Wolverine's Avatar
    09-19-2018, 01:41 PM
    389 replies | 13270 view(s)
  • Investors Iraq News's Avatar
    09-19-2018, 11:26 AM
    The Iraqi Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi. The Cabinet: discussed public services in Basra, and received briefings on federal and local efforts to improve water and other essential services in the province. received briefings on delivery of essential services in other regions of Iraq, with a focus on southern provinces. discussed maintenance and upgrade works to several key bridges in Dhi Qar, Al-Muthana and Babylon provinces, and authorised the Ministry of Construction, Housing and Municipalities to take the necessary measures to complete these projects. discussed internet and telecommunications services in Iraq and voted to merge the State Company for Internet Services and Iraqi Telcommunications and Posts Company (ITPC) into one new company to be known as The General Company for Communications and Informatics. The Cabinet also discussed the draft federal budget law for next fiscal year. (Source: Iraqi Govt) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 70 view(s)
  • Investors Iraq News's Avatar
    09-19-2018, 11:26 AM
    In line with Iraq’s goal to improve the efficiency and availability of the country’s power plants, Siemens will provide inspection and upgrade services for two power generation units at Al-Sadder Power Plant. Located in Baghdad, the 600-megawatts (MW) facility is one of the country’s major power plants that currently supplies approximately 600,000 homes with power. The works will be conducted as part of a new contract between Siemens’ Power Generation Services Division and the Ministry of Electricity. Under the agreement, Siemens will overhaul two SGT5-2000E gas turbines and perform its advanced 3-dimensional turbine blades and vanes (Si3D) upgrade. The Si3D upgrade is designed to improve power output and thermal efficiency through a combination of 3D aerodynamic design, cooling improvements, and advanced materials. These will help the power assets at Al-Sadder to generate enough power to supply an additional 100,000 homes with electricity. “Siemens has been a development partner to Iraq for over 80 years. We are committed to supporting the country to strengthen its power infrastructure by offering innovative services that can be instrumental in upgrading existing facilities,” said Gianluigi Di Giovanni, Senior Executive Vice President of Siemens Power Generation Services in the Middle East and North Africa. “The latest upgrade and maintenance services at Al-Sadder, provided in collaboration with the Ministry of Electricity, will bring additional power to households, public buildings and industries.” In addition to increasing the power output, the upgrade project will improve the efficiency of the turbines by up to 2 percent, resulting in significant fuel savings and reduced CO2 emissions. The agreement also includes the plant’s SPPA-T3000 control system, the supply of anti-virus solutions as well as the support from Siemens’ Remote Expert Center, which is a 24/7 online maintenance support service, enabling more efficient fault diagnosis and troubleshooting. The latest project at Al-Sadder plant follows a series of service agreements with Iraq’s Ministry of Electricity to carry out critical service and maintenance works at six power plants throughout the country. Once completed, the upgraded units will add 1,350 MW to the national grid, enough to supply approximately 20 million Iraqis with reliable electricity. (Source: Siemens) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 77 view(s)
  • Investors Iraq News's Avatar
    09-19-2018, 11:26 AM
    In an effort to make quality secondary education more accessible in Iraq, Ericsson has partnered with Zain Iraq to bring its ‘Connect to Learn’ global education initiative to the country, with its initial deployment set for a school in Baghdad. The initiative aims to scale up quality secondary education for students and teachers by providing ICT infrastructure with mobile broadband, open source, and cloud-hosted learning solutions to facilitate connected learning in underserved schools. Ali Al Zahid, CEO, Zain Iraq, says: “Education is one of the most valuable investments we can make in society, and in our future. It is a universal human right – and in the digital era, where ICT has the ability to reach every corner of the globe, there is no excuse for quality secondary education to be inaccessible. “By partnering with Ericsson to bring ‘Connect to Learn’ to schools in Iraq, we are uplifting our communities and empowering them to reach their full potential. We look forward to introducing this initiative in Baghdad and watching it unfold as we move forward.” With the modern technology and solutions offered through ‘Connect to Learn’, ICT solutions become a cost-effective method for rural and limited-resource schools as a means of delivering quality education for students and teachers alike. Cloud technology enables support and maintenances tasks to be handled externally and remotely, which simplifies the user experience and enables teachers to focus on education. The system is also designed to be easily used and understood by teachers with limited IT competence, inspiring confidence and capability in them as educators. Rafiah Ibrahim, Head of Ericsson Middle East and Africa, Ericsson says: “When a girl receives quality education, she will earn a decent living, raise a healthy, educated family, and improve the quality of life for herself, her family, and her community.* The ‘Connect to learn’ initiative aims to ensure that girls have access to quality education, regardless of their location or other limitations. * “We look forward to continue working with Zain Iraq to leverage our technology and the expertise of our employees to make a positive impact in Iraq.” *The ‘Connect to Learn’ initiative was launched in 2010 and is currently deployed in 25 countries, benefitting more than 120,000 students and engaging 16 mobile operators. (Source: Ericsson) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 93 view(s)
  • Investors Iraq News's Avatar
    09-19-2018, 11:26 AM
    Leader of Iraq’s Badr Organization Hadi al-Amiri withdrew his candidacy for prime minister on Tuesday, putting the country one step closer to forming a government after months of political stagnation. Amiri heads the Fath (Conquest) Alliance, an electoral bloc which came in second in May’s national election. His coalition has been vying to build the largest bloc which would form the government, with him as prime minister. “I would like to announce to the dear Iraqi people the withdrawal of my candidacy for prime minister, to open the way for serious dialogue to elect a prime minister and his government according to the vision of the Supreme religious authority,” he said in a news conference, Reuters reported. Amiri’s Alliance has been in advanced talks with cleric Moqtada al-Sadr to form a new alliance in recent days. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 92 view(s)
  • Investors Iraq News's Avatar
    09-19-2018, 11:26 AM
    By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Tension is rising in the*conflict*between embattled*Iraqi Prime Minister Haider al-Abadi and the Popular Mobilization Units (PMU),*as the United States and Iran vie for influence in the*new government that lawmakers are struggling to form*in Baghdad. Legislators are still arguing over which coalition of political parties holds the majority of*parliament seats; the top group will select the new Cabinet. The United States would like to see Abadi appointed for a second term as prime minister, but he is strongly opposed by members of the Fatah Alliance, which includes pro-Iranian factions of the PMU. Anti-Abadi sentiment is escalating, compounded by rioting in Basra —*even as Abadi announced Sept. 13 he would immediately begin implementing*development projects*to help remedy the dire situation there. Basra, Iraq’s main port,*is suffering from a lack of basic services. Tens of thousands of citizens have filled hospitals, sickened by drinking water that is heavily polluted and high*in salinity. Abadi promised a new water-pumping system as well as filtration projects. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 93 view(s)
  • Investors Iraq News's Avatar
    09-19-2018, 11:26 AM
    The coalition continues to help forces in both Iraq and Syria establish security and stability in areas that have known nothing but oppression since the Islamic State of Iraq and Syria reared its head five years ago, the spokesman for Operation Inherent Resolve said on Tuesday. Speaking to Pentagon reporters from Baghdad, Army Col. Sean Ryan noted that Iraqi forces are working together across the country to rid the nation of the last remnants of the terrorist group. “The various security elements — to include the , the peshmerga, counterterrorism services and the federal police — are all working together to continue securing their country,” he said. In Ninevah province, Iraqi forces continue to find and disarm improvised explosive devices and continue to root out ISIS holdouts. In the mountains of Kirkuk, the Iraqi federal police and the Kurdish peshmerga work together to secure remote villages. Out west, in Anbar province, border security forces continue to prevent ISIS fighters from streaming into the country, the colonel said. “For its part, the coalition is … enabling the efforts to secure Iraq by advising strategic leaders, training thousands of Iraqi service members and divesting equipment they need to effectively secure their country,” he said. Coalition members also continue to train Iraqi forces. Since the effort started in 2015, coalition forces have trained more than 175,000 Iraqis in basic soldier skills and specialized fields such as intelligence, law enforcement, medical support and aviation. Syria In Syria, the picture is more complex and dangerous. Ground operations for Phase 3 of Operation Roundup have begun, and Syrian partner forces continue clearance of the Middle Euphrates River Valley, Ryan said. “Hajin and the surrounding villages are the last remaining territory acquired by ISIS in the coalition’s area of responsibility, and the victory by the Syrian Democratic Forces there will mean that ISIS no longer holds territory,” he added. ISIS fighters are trying desperately to hang onto the territory, and hard fighting lies ahead, the colonel told reporters. “Despite this, we are confident that the SDF will prevail,” he said. In Tanf earlier this month, Marines conducted training to reinforce partner forces, he said. “The coalition has supported the SDF through air support, as well as training and equipment,” Ryan said. “Additionally, in liberated areas, the coalition trained internal security forces to maintain the peace and security in liberated cities, provide basic law enforcement support, as well as specialized services such as counter- and engineering.” Ryan noted changes in Iraq as Army Lt. Gen. Paul J. LaCamera assumed command of Combined Joint Task Force Operation Inherent Resolve from Army Lt. Gen. Paul E. Funk II. Ryan said the military stabilization efforts are going well, but are not enough. “Security creates the space for rebuilding,” he explained. “Residents only gain hope for the future when their children can go to school free from harm, women go buy basic necessities in local shops, and when they can go to their jobs that allow them to support their families. Ultimately, the military cannot fight its way to stability.” The cost of reconstruction is high, with estimates of rebuilding Mosul — Iraq’s second-largest city — pegged at $100 billion. “We call on all nations to help those who have sacrificed tremendously fighting this global threat,” Ryan said. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 106 view(s)
More Activity
Powered byvBSocial.com and Block Facebook