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  • Wolverine's Avatar
    Today, 04:08 PM
    6683 replies | 461833 view(s)
  • Investors Iraq News's Avatar
    Today, 04:00 PM
    The Iraq Britain Business Council (IBBC) has announced that Basra Gateway Terminal (BGT) has joined the Council. BGT is one of Iraq’s premier container and multi-purpose cargo handling facility, with a team of high-performing Iraqi and International port professionals who deliver customer-focused, high productivity and congestion-free port services to Iraq’s economy. Situated in Umm Qasr, 50 km from Basra and 500km from Baghdad, the Terminal is operated by International Container Terminal Services Inc. (ICTSI). ICTSI is an internationally recognized expert in port construction, operation and management with more than 30 years of experience. It is one of the major maritime terminal operators in the world present in 6 continents, operating 30 marine terminals in 20 countries positioned in some of the world’s most strategic trade lanes. Christophe Michels, Managing Director of IBBC says: “IBBC is delighted to welcome Basra Gateway Terminal to the Council. BGT has a reputation for great professionalism and efficiency in Iraq and is managed by international experts in port operation and management. I have no doubt that BGT will prove a valuable addition to the IBBC and its growing membership in 2018.” Investment in Iraq: In April 2014, ICTSI signed a contract for 26 years with General Company for Ports of Iraq (GCPI) to operate, develop, and expand the container handling facilities at the Port of Umm Qasr. Presently BGT is operating four berths with two more under construction, catering for container, general, project and RORO cargo. ICTSI is half way through a USD 230 million investment programme, which includes rehabilitation and operation of the port’s existing facility at Berth 20 and construction of three new berths at Berth 25, 26 and 27. In 2017, BGT was extended to perform the operation at Berth 19 and 21 for general cargo and RORO cargo respectively hence helping BGT to launch itself in the project cargo for oil and gas sector business. These investments have been supported by the introduction of state-of-the-art technology in Iraq’s port sector with BGT being the first terminal to introduce the SAP ERM system and the Navis Sparcs N4 Terminal Operating System. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 5 view(s)
  • Investors Iraq News's Avatar
    Today, 04:00 PM
    By John Lee. The United Nations has advertised new positions in Iraq: Urban Displacement and Out of Camp (UDOC) – Project Manager, Norwegian Refugee Council (NRC) Area Manager, Norwegian Refugee Council (NRC) Associate Programme Officer, UNOPS – United Nations Office for Project Services Chief of Section, Supply Chain Management, UNAMI – United Nations Assistance Mission for Iraq Administrative Assistant, UNAMI – United Nations Assistance Mission for Iraq Field Language Assistant, UNAMI – United Nations Assistance Mission for Iraq Consultant – Short-Term Finance Support, IREX International Logistics Manager, Relief International Project Manager Child Protection, Agency for Technical Cooperation and Development (ACTED) (Source: UN) (Picture: Finger pressing a new career start button, from Olivier Le Moal/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 3 view(s)
  • Investors Iraq News's Avatar
    Today, 04:00 PM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Emergency and Post-Crisis Coordinator, IOM – International Organization for Migration Project Coordinator / Camp Coordinator and Camp Management (CCCM), IOM – International Organization for Migration Project Officer (GFATM), IOM – International Organization for Migration IT Operations Assistant (SCOPE), UNAMI – United Nations Assistance Mission for Iraq Appraisal Monitoring and Evaluation (AMEI) Intern, Agency for Technical Cooperation and Development (ACTED) Country representative, Terre des hommes (Tdh) Finance Manager, Oxfam Policy and Communications Manager, Oxfam (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 3 view(s)
  • Investors Iraq News's Avatar
    Today, 04:00 PM
    Iraqi security officers are denying immediate relatives of suspected Islamic State (also known as ISIS) members security clearance to reclaim homes being occupied or to seek compensation, Human Rights Watch (HRW) said today. Security forces have also destroyed or confiscated some property. Such acts, based only on family relationships to ISIS suspects rather than individual security determinations, are a form of collective punishment. “These families deserve the same protections that Iraqi courts provide to all citizens,” said Lama Fakih, deputy Middle East director at Human Rights Watch. “Courts should be the guarantors against discrimination that will only further sectarian divisions in the country and delay needed reconciliation.” More here from HRW. (Source: HRW) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 1 view(s)
  • Wolverine's Avatar
    Today, 02:20 PM
    6683 replies | 461833 view(s)
  • Brazileiro's Avatar
    Today, 12:25 PM
    translation of 1st page: By Warka Bank for Investment and Financing, Department of Banking Awareness and Public Protection: According to the instructions of the Iraqi Central Bank concerning updating the clients' information, kindly visit us in order to update your information within a period of 60 days from the first of May 2018, otherwise your accounts will be frozen.
    1 replies | 52 view(s)
  • thebest's Avatar
    Today, 12:21 PM
    Im looking for the other interview
    17 replies | 1325 view(s)
  • thebest's Avatar
    Today, 12:11 PM
    AC Question: Warka Bank has a program that allows someone to invest in the ISX. Did something occur that triggered Warka bank to do this for their depositors? Can you tell how this come about that Warka is now offering a way to invest in the ISX through a proxy? The stock that is purchased is it in the name of an individual or a company? Can you tell our readers what the name of the company or the individual is? CEO Al-Bunnia: As you are aware that foreign investment law is actually into operation in Iraq according to the new constitution. There is also an approval from the prime minister office to start this law. Unfortunately, no one is working on this law as there is no system being incorporated for this purpose at isx. In order to overcome this hurdle, and moving along with the law, we managed to establish a company called showneeze which belongs to the bank were we buy the shares in this name according to the laws and regulations were buy these shares are bought for our foreign customers were each customer has his own share profile in quantity and price bought or sold according to each trading session. Once the law is implemented, in the isx, then we will transfer these chares for our customer in his name with a minimum fee. I believe that this is the time for our customers to buy the shares that they want were we are giving them the opportunity to make good profits sinceonce the country is back to normal and foreign people can buy shares , believe me no one will be able to grab a handful of shares as this could be seen in the neighboring countries. The price of shares are now at its lowest that it will ever get. An example of this would you believe that price of one pepsi cola bottle equates to 100 shares of pepsi colla Baghdad. No one believes this but this the opportunity
    17 replies | 1325 view(s)
  • Brazileiro's Avatar
    Today, 12:10 PM
    another new post on the Warka FB page though nothing on their website yet. I've asked on the Iraqi Warka Victimes FB page for a translation and will post any that happens. Can anyone here translate the 2 documents? https://www.facebook.com/WarkaBank/photos/pcb.10156233624842394/10156233622087394/?type=3&theater
    1 replies | 52 view(s)
  • Rick67's Avatar
    Today, 03:48 AM
    I do believe that the "fat lady" is the World Trade Organization in this scenario. Iraq has resumed their progress with their working party and there are still documents that can not be accessed. When Iraq becomes a full member is when I believe it will happen.
    80 replies | 10604 view(s)
  • Will-it-happen?'s Avatar
    Today, 01:39 AM
    Pity warka nevet gave us option to liquidate other shares. Nor pay us outstanding dividends from other companies. I coulda invested a whole lot more onto their forthcoming capital increase
    17 replies | 1325 view(s)
  • Wolverine's Avatar
    Yesterday, 07:28 PM
    6683 replies | 461833 view(s)
  • crazyfrank's Avatar
    Yesterday, 05:15 PM
    Prepare myself? now? after 10 years on the shelf? not sure how one might prepare for such a theoretical windfall such as 1:1 by the end of this month. Being as today is the 18th, an with 12 days left in April, I have to admit you are a brave soul to put your thumbs in the vice with such a prediction BatMan. Yes they may hold a meeting and post an announcement, although if it is not recognized outside the borders of Iraqi it would be just like that Joker Sadam money that was inflated inside the country only. This Ramadan hootenanny starts May 15, 2018, and as we all know nothing moves until that fat lady sings to finish that shindig in mid June. So to commit to "something" in April is highly skeptical, but yet if it should indeed occur, I do not believe anyone here is fully prepared to grasp what has happened and what to do now, as far as negotiating the currency into American Pecos. So on, or about May 1st we shall see aye?
    80 replies | 10604 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 02:30 PM
    By Elena Kornienko. Once upon a time, there lived a widow woman and her son, Jack, on their small farm in the country. Every day, Jack would help his mother with the chores — chopping the wood, weeding the garden and milking the cow.* But despite all their hard work, Jack and his mother were very poor with barely enough money to keep themselves fed. And one day he was told by his mother to go and sell their cow and use the money to buy seeds to plant a good crop. On his way to the market he met a man who offered to buy the cow for three magic beans. The boy did this deal, however his mother got very upset that he brought home only three beans…. Long story short, the magic happened and this family started making money and had a decent living. Fairy tale, right? We have been raised by so many stories like that, but did we relate any of them to our adult lives? Just last week I felt like this boy planting the magic seeds. The seeds of knowledge. The seeds to grow the expertise of local Iraqi companies which work with international oil companies (IOCs). It’s no secret that upon completion of any tender exercise, most of the bidders do not get any feedback from Procurement team on what made them loose that contract. And in most of the cases it is not price, but the technical proposal itself. Even having all capabilities to perform services, most of the contractors struggle to understand how to put their proposals in the best way. And Iraq, unfortunately, is not unique in that. It is a common situation that Procurement departments are detached from their bidders and contractors. Some of IOCs run workshops on understanding their specific requirements in tenders and systems, however what is still missing in the industry is a good education system for local contractors on requirements to tenders from IOCs. Last week, 10th April 2018, the first training in Iraq on tendering skills for oil and gas contractors took place in Basra, which was run independently from IOCs. It was specifically dedicated to local Iraqi companies and all participants got to benefit from learning what exactly is happening in Procurement teams of IOCs operating in Iraq and what makes bids win the contracts. It was the biggest surprise to all participants that 70 percent of bids do not even make through the technical evaluation, and Procurement teams do not even get to see their prices! And while this training was a matter of planting the seeds, the watering is still to happen. From the left to the right: Majid A. Abdullah from Basra Chamber of Industry, Sabeeh H. Al-Hashemi, Iraqi Businessmen Union Basra, Elena Kornienko, InfoCORE Consultancy, Najih Shinawa Ahmad Alqanas, Basra Chamber of CommerceAfter the training, the meeting with Basra Chamber of Commerce, Basra Chamber of Industry and Iraqi Businessmen Union took place to discuss the future opportunities for local companies. Whenever it comes to education and training, it is about the future vision. It might seem that these three beans are too small for the exchange of a milking cow, but the magic of those beans should not be underestimated. All these organizations have a great understanding of the importance of the development of local Iraqi companies, and agreed to provide support in conducting future training sessions for local companies in Basra. What was unique and magic about that meeting is the understanding that all participants are on the same level of grasping the needs of local companies development. It was planting those magic beans and start watering them to grow the capabilities of local Iraqi contractors to make the economy of Iraq more sustainable. Elena Kornienko has more than 15 years of professional experience in contracts, procurement and tendering in various roles from demand-identification to contract close-out. She has worked on major international oil and gas projects, including the Sakhalin-1 and Sakhalin-2 fields in Russia, and Iraq’s West Qurna-2. Now based in Dubai, she provides consultancy services to the oil and gas industry. Elena is a fluent English and Russian speaker, and a graduate of the Moscow State University of Commerce, holding a degree in Economics. She also graduated with distinction from the School of Business Administration at Portland State University and holds a CIPS diploma. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 02:30 PM
    Genel Energy has announced that the Taq Taq partners have received a gross payment of $8.30 million from the Kurdistan Regional Government (KRG) for oil sales during January 2018. Genel’s net share of the payment is $4.57 million. Genel also notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $56.44 million from the KRG as payment for January 2018 crude oil deliveries to the export market from the Tawke licence. Genel’s net share of the payment is $14.07 million. The Company has received an override payment of $7.86 million from the KRG, representing 4.5% of Tawke gross licence revenues for the month of January 2018, as per the terms of the Receivable Settlement Agreement. In total, Genel’s net share of payments relating to January 2018 exports totals $26.50 million. (Source: Genel Energy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 02:30 PM
    By John Lee. A crane has collided with a COSCO Shipping fuel tanker anchored at the port of Khor al-Zubair, reportedly piercing its hull and causing a ballast water leak. The video and further details can be seen on the Port Technology website. (Source: Port Technology) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 32 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 02:30 PM
    Canada commits to four more years of support to UNFPA in Iraq The Government of Canada has announced a four-year contribution of CAD 5 million to the United Nations Population Fund (UNFPA) in Iraq to build the capacity of national institutions to implement gender and reproductive health interventions across the country. Despite the end of military operations against the Islamic State in Iraq and Levant (ISIL), the devastating impact of the three-year war on women and girls in Iraq remains profound. The latest multi-year grant from the Government of Canada will enable UNFPA to transition its current humanitarian interventions towards longer-term development programs that will enhance gender equality and empowerment of women, and increase access to and utilization of quality reproductive health services. “While Iraq and its people must still continue to address immediate humanitarian needs, attention must now also turn to longer-term priorities. It is important that government decisions and system related to the delivery of reproductive health services are adequately informed by the needs of women,” said Claude Désilets, Head of Cooperation at the Embassy of Canada in Iraq. “It is a priority for Canada to support the Government of Iraq and Iraqi civil society as the best possible way of ensuring long-term sustainability of quality reproductive health service delivery. Canada is very happy to work with UNFPA on this most important of Canadian international assistance priorities. UNFPA is a strong, capable and trusted partner in Iraq,” he added. Mr Ramanathan Balakrishnan, UNFPA Representative to Iraq, reiterated the importance of the Canadian contribution to the communities in Iraq: “During the war against ISIL, UNFPA provided a significant volume of reproductive health and gender-based violence response services in Iraq. As the country enters a new phase of recovery and reconstruction, it is imperative to support government institutions, local partners, and communities in their effort to promote gender equality, women’s empowerment, and in advancing reproductive health and rights.” Canada has been a longstanding and donor to UNFPA operations in Iraq. The latest contribution brings Canada’s financial contribution to approximately US$ 30 million in support of the Fund’s gender and reproductive health programmes in Iraq since December 2014. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 41 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 06:34 AM
    Crazyfrank, prepare yourself for 1:1 it is coming....
    80 replies | 10604 view(s)
  • Investors Iraq News's Avatar
    04-17-2018, 05:41 PM
    IBBC Spring Conference 2018Iraq: Building a diversified and modern economy*Tuesday 24 April at Mansion House, LondonIBBC’s Spring Conference returns on 24 April 2018, bringing to the heart of London the preeminent political and business figures involved in business and the economy of Iraq. The theme for this years’ conference is Iraq: Building a diversified and modern economy. The conference aims to address the key challenges in building a diversified and modern economy, which will enable Iraq to build on the recent economic and social stability to progress into one of the Middle East’s major economies once again. Sessions will focus on Finance, Technology, Oil & Gas and Education. The Government of Iraq has confirmed it is sending a high-level delegation of government representatives to the IBBC Spring Conference, which will be led by H.E. Dr Abdul Kariem Al Faisal, Chairman of the Iraq Prime Minister’s Advisory Commission (PMAC). The delegation will also include senior representatives from the Iraq Ministries of Oil and Industry. The IBBC Spring Conference, held at the prestigious Mansion House, the home and office of the Lord Mayor of London, is traditionally IBBC’s flagship event, which attracts suppliers, investors, producers and buyers from Iraq, the UK and the wider international business community. Prominent speakers include Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Turkmenistan and Kazakhstan, Alderman Sir Alan Yarrow, Lord Mayor, Locum Tenens, Ambassador Jonathon Wilks, Her Majesty’s Ambassador to the Republic of Iraq and Baroness Fairhead CBE, Minister of State for Trade and Export Promotion, Department for International Trade. IBBC expects a high attendance at the conference and the new round tables are designed for close business interaction and the facilitation of in-depth discussion, where delegates can focus on particular sectors of interest and engage with speakers and industry experts on the issues that really matter. With representatives from all*major interested parties*involved*in Iraq expected to attend, as well as pre- and post- networking events, the IBBC Spring Conference 2018 will provide many opportunities for networking at the highest level, as well as providing exceptionally informative and experienced*panels. Sessions on the agenda include: Finance: ‘Criteria and process for obtaining major project finance’*Chair: Mr Gavin Wishart, IBBC IBBC has gathered several preeminent*voices in the finance industry to discuss the*challenges and opportunities Iraqi and international firms face in sourcing capital for major projects. Representatives from some of the largest international finance organisations, JP Morgan and Allan & Overy LLP, as well as representatives from*UK Export Finance and GE will discuss in detail the criteria and process of obtaining finance for major projects in Iraq. Mr Richard S. Wilkins, Executive Director – Export Finance, JP Morgan Mr Tom Longmuir, Counsel, Allen & Overy LLP Mr Guto Davies, Managing Director – Global ECA CoE Leader, GE Capital Mr David Craig, Deputy Head of Civil Infrastructure and Energy Business, UK Export Finance * Technology: ‘Developing Iraq’s digital economy’ Chair:*Mr Ashley Goodall, IBBC The IBBC Tech Panel brings together the two leaders of the UK and Iraq e-government initiatives in addition to experts in FinTech and entrepreneurial hub development. The panel will address in detail how innovative new technology and the use of information and communication technologies (ICTs) can improve the activities in the public and private sectors to help Iraq’s economy and growth. Mr Ahmed Elkady, Partner, Ernst & Young Mr Ali Al Dahwi, Consultant, Management Partners Mr Chris Fergusson, Director at The Cabinet Office (Government Digital Service) Mr Mohammed Khudairi, Managing Partner, Khudairi Group * Oil & Gas: ‘Need for locally available products and services – how the sector can help diversification of Iraq’s economy’*Chair: Mr Vikas Handa, IBBC This expert panel consists of representatives from the largest IOC’s in Iraq, Governmental representatives from the Iraq Ministries of Oil and Industry and an Oil & Gas expert from the Department of International Trade. The session will cover all key aspects of Iraq’s Oil & Gas sector for 2018, delivered by the preeminent experts in the field and will include a panel discussion and Q & A chaired by Vikas Handa, the head of IBBC’s Oil & Gas Sector Table and its GCC representative. Dr Mark Wharton, Development Manager, Shell Iraq Mr Mike Wenham, Commercial Manager, BP Iraq Mr Bob Dastmalchi, Vice President, Business Development, Chevron Mr Craig Jones, Deputy Director, Oil & Gas, Department for International Trade Representative from the Ministry of Oil, Government of Iraq Representative from the Ministry of Industry, Government of Iraq * Education and Training: ‘Developing human capital in Iraq’ The panel brings together leading representatives from academia and business to address the challenges of developing Iraq’s human capital to support its transition into a diversified, vibrant economy. Members of the panel have direct experience of challenges and advantages of delivering advanced education and training in-country. Chair & Presentation:*Professor Paul Boyle, President & Vice Chancellor, Leicester University Mr Alex Haynes, Senior VP Business Development AMEA & Southern Europe, Wood Mr Saadi Faraj Muthanna, Business Development Manager, Al Nukhba-OFS FZCO Ms Christine van den Toorn, Institute of Regional and International Studies, American University of Iraq Mr Will Follett, Director, Restrata With a dedicated and well informed agenda, IBBC are bringing the experts and practitioners best placed to answer these questions, so the international business community can work towards framing the future and contributing to a modern and outward looking Iraq. Each session will emphasise the growing business opportunities for international companies. For more information and tickets, please visit: http://www.webuildiraq.org/ibbc-conference/spring-conference-2018/ or email london@webuildiraq.org. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 55 view(s)
  • Investors Iraq News's Avatar
    04-17-2018, 05:41 PM
    Turkish oil and gas services company Ergil has been awarded a design, engineering, fabrication, and testing contract by China Petroleum Engineering & Construction Corporation ( CPECC), for Petronas‘ Garraf oil field. The company says it has completed designing, manufacturing and supplying of 12 units 320-bar high-pressure pig receivers and launchers, 28 units pig signallers, 12 units manual pig jib crane and 8 units pig trolley. The field is owned by Petronas (45%), Japex (30%) and the North Oil Company (25%). (Source: Ergil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 41 view(s)
  • Investors Iraq News's Avatar
    04-17-2018, 05:41 PM
    By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $23.1 million ($17.8 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during January 2018. (Source: Gulf Keystone) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 45 view(s)
  • Investors Iraq News's Avatar
    04-17-2018, 05:41 PM
    By John Lee. The National Investment Commission (NIC) has announced four new investment opportunities in Iraq: Rubber industries Factory machines Guard rails for highways Aluminum/Aluminium factory (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 53 view(s)
  • Investors Iraq News's Avatar
    04-16-2018, 12:51 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.* Amid Iraqi calls to reinforce the rule of law and strengthen Iraqi state institutions, the Ministry of Justice announced March 28 a new initiative for*“arbitration” among tribes, allowing a team of tribal elders to intervene as arbitrators in resolving all possible disputes and conflicts between Iraqi tribes. According to a statement by the Ministry of Justice, this team of 47 tribal leaders will be called “al-Awaref,” selected by the Iraqi Ministry of Interior in virtue of a memorandum of understanding with the Ministry of Justice and to be charged with several tasks, most notably reducing the expansion of tribal conflicts and focusing on “bringing about community peace” in Iraqi provinces. The 47 arbitrators will work voluntarily and receive no salaries from the Iraqi state. In addition to undergoing a background check by the Ministry of the Interior, their names were presented to tribal leaders for approval. A March 28*statement issued by the Ministry of Justice noted that the ministry*“has adopted a team of well-known tribal arbitrators to resolve disputes,” describing them as “a safety valve for the community, which will have a major role in strengthening security and establishing community peace in all provinces of the country.” Abboud al-Issawi, the head of the tribal committee in parliament and a staunch supporter of the initiative, told*Al-Monitor, “ will support the law, preserve tribal life and prevent any abuse by persons who have nothing to do with it and do not follow its religious and social criteria.” Issawi said, “This initiative*will neither be too different from Islamic law nor will it be contrary to human rights. In the coming phase, we will work on making it more organized and consistent with the work of the Iraqi state.” The arbitrators will be allocated to different Iraqi provinces:*four arbitrators in Baghdad, two in al-Karkh and two in al-Rusafa, while other provinces will be assigned either one or two arbitrators, all of whom will be directly affiliated to the Ministry of Justice. Sarhan al-Fatlawi, a sheikh from al-Fatla tribe, told Al-Monitor, “Such a bill can be of use to highlight*the role of tribes in building the community and supporting the Iraqi state, especially as Iraqi tribes have achievements throughout the history of the country. So we do not see any harm in such a bill that will put a stop to those who encourage tribal revenge.” He added, “Tribal problems are aggressively developing into conflicts for simple and minor reasons, all because of those who considered themselves tribal sheikhs when*—*in fact*—*they were not. We believe that the tribal arbitration bill will be essential for tribes and will help end issues before they develop into armed clashes, such as those that occur in some areas of southern Iraq.” Meanwhile, the arbitration initiative*comes at a time when conflicts between the Iraqi tribes dramatically escalate, especially in the provinces of southern Iraq*where*conflicts are constantly evolving and involving the use of medium and heavy weapons. According to activist and blogger Ibrahim al-Fatlawi, this bill was not welcomed by civil society, which considered it to be “propaganda” for political parties, undermining the work of Iraqi state institutions. He told Al-Monitor, “We live in a country known to have enacted laws 7,000 years ago, so how can we accept projects and decisions that strengthen the power and influence of tribes within the institutions of the Iraqi state?” Fatlawi expressed his surprise with “the lack of parliamentary action to undercut the work of the Ministry*of Justice and Ministry of Interior through the tribal arbitration project, which will abolish the role of law little by little.” The tribal arbitration initiative could violate the Iraqi Constitution, which stipulates in Article 45, paragraph 2, that “the state shall seek the advancement of the Iraqi clans …*in a way that contributes to the development of society. The state shall prohibit the tribal traditions that are in contradiction with human rights.”*Here lies the problem in some tribal traditions that violate the law and human rights principles. Some of these traditions involve males preventing their first-degree female relatives from marrying someone else, should they wish to marry the females themselves. Other traditions that violate human rights include vengeance and separation, which give tribal sheikhs the right to determine how much money an offender’s family should pay to the victim’s family as compensation, in the event of any problem. Rahman al-Jobori, a senior researcher at the National Endowment for Democracy in Washington, told Al-Monitor, “After thousands of years of Iraqi civilization, the state comes up with such an initiative for electoral purposes, instead of enacting a proper law approved by the state.” Jobori said, “This project*is substandard. The Iraqi state needs to work in accordance with international mechanisms for human rights and institutional work, and such an effort*cannot enhance the role and authority of the law and treat everyone equally.” It seems that the work of the team of arbitrators will be parallel to that of the Iraqi judiciary; the 47 arbitrators*will form a committee and the conflicting parties can either resort to the judiciary or to the arbitrators who were introduced, in training courses, to the need to issue decisions that do not oppose Islamic provisions and Iraqi law. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 74 view(s)
  • Screaming Eagle's Avatar
    04-15-2018, 03:37 PM
    Keep it up. I enjoy the cartoons!!
    6683 replies | 461833 view(s)
  • Wolverine's Avatar
    04-15-2018, 02:46 PM
    6683 replies | 461833 view(s)
  • Investors Iraq News's Avatar
    04-15-2018, 01:00 AM
    From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi’s football fans enjoy their first international match in over 20 years, after FIFA lifted a ban on the war-torn country. Iraq was prohibited from hosting international games since the early 1990s until FIFA ruled in March to bring it back into the full international fold. View on YouTube Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 76 view(s)
  • Investors Iraq News's Avatar
    04-14-2018, 06:10 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 | 93 view(s)
  • Investors Iraq News's Avatar
    04-14-2018, 09:04 AM
    This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. By Ghazwan Hassan al-Jibouri. The despised ex-leader of Iraq built luxurious palaces with hundreds of rooms in Tikrit, near his hometown. Now the local council wants them turned into money-making museums. Some might say the formerly-luxurious palaces built by Iraqi autocrat, Saddam Hussein, in Tikrit are a metaphor for how things have developed since 2003. Tikrit is often known as the “city of palaces” due to the fact that Saddam Hussein, who came from a nearby village, built dozens of luxurious residences and halls, often along the banks of the Tigris river here. It has been suggested there are anywhere between 60 and 136 such mansions in the area. The largest are well known and often hark back to ancient Iraqi or religious history. For example, one, which has 360 rooms, is called Dhu Al Fiqar, after a mythical sword in Islamic history and the buildings are sword-shaped. The gardens are planted with trees brought from all over Iraq and there are miniature lakes and swimming pools galore. But today, many of the palaces and their facilities stand in ruins. They’ve been occupied by different military forces and put up for sale. Local authorities and the federal government have both failed to preserve them even though public interest in them is high. Today they are more like ruins or rubbish dumps, and their state of repair has only worsened since the city was occupied by the extremist group known as the Islamic State in 2014. “The presidential palaces have been offered for sale more than once,” explains Tami Saab, deputy director of the Salahaddin Investment*Commission. “But the main reason that investors are scared to put money into them is because they are occupied by militia groups and security forces, many of whom have refused to leave the buildings, both before and after the Islamic State group was here.” Because the palaces are isolated and easy to defend, they are still often used by security forces. And, as Saab says, the military men are refusing to vacate the premises even though the local government has asked them to. The parliamentary committee on economics in Baghdad has said they would put the development of the palaces out to tender, inviting bids much as they do for Iraq’s oilfields. The bidding would include former palaces of the Iraqi dictator right around the country, not just in Tikrit. In announcing this plan, the committee noted that there were 136 palaces in and around Tikrit itself, some of them designed by international architects, boasting everything from unique security features such as walls made to resist heavy weapons, to rare marble, pools and vast interior spaces. Unfortunately, the Iraqi security forces and militias have been in the presidential palace complexes since April 2015, Fadhil al-Dujaili, a member of Salahaddin’s provincial council, told NIQASH. “The complex is now closed and most of the palaces were destroyed either by the Islamic State group or by air strikes against them.” But he still has hope for the palaces. They “could be used to generate tourist dollars for Tikrit,” he argues. “Especially as this area has further important sites, including the ‘Green Church’, one of the oldest churches in the Middle East, and the house where Salahaddin al-Ayubi was born. Many tourists also want to visit Saddam’s places to see how he lived. This could provide our people with hundreds of job opportunities,” he argues. Even today there are dozens of visitors to certain sites within the palace complex and not all of them are for pleasant reasons. Many journalists, mourners and delegations come to visit one particular palace courtyard overlooking the Tigris. It was here that in June 2014, the extremists of the Islamic State executed an estimated 1,700 air force cadets in cold blood and threw some of their bodies into the river in what would come to be known as the Camp Speicher massacre. Other victims were buried in the palace grounds and search teams are still trying to excavate their bodies. Dozens of families come here to mourn their lost sons. They leave flowers, paint the walls with henna and pray and cry on the site. The Iraqi government has made special arrangements to host the mourners here and has declared a special memorial day too. While some locals believe the palaces of Saddam Hussein should be restored as part of Iraq’s chequered recent history, others believe that they should be left to their own disintegration, taking the bad memories with them. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-14-2018, 09:04 AM
    The reservoir impounded by Iraq’s Mosul Dam has shrunk 60 percent in surface area from the late 1990s to present day, according to a report from the World Resources Institute (WRI): There are several factors behind this trend, including poor water resource management by the Iraqi government and intense regional droughts. But it’s Turkey’s Southeast Anatolia Project (GAP) and its 22 dams and 19 hydropower plants across the Tigris and Euphrates rivers that many sources cite as a key driver behind the reduced river flow into Iraq. The non-profit EPIC says that “according to Iraqi government projections, the GAP has reduced river flow into Iraq by 80 percent to date.” Millions of Iraqis rely on the Tigris and Euphrates for drinking water, irrigation, power and transportation. Furthermore, water shortages are thought to be behind large increases in desertification in parts of south and central Iraq. And Iraq’s water stress, an indicator of competition for water among users, is set to increase due to growing populations and climate change. It’s likely that struggles surrounding water shortages will continue in this arid nation. More from WRI here. (Source: WRI) Source: Iraq-BusinessNews.com. Post your commentary below.
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