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  • Investors Iraq News's Avatar
    Today, 04:00 AM
    Iraq is negotiating with the U.S. for exemptions from the impending snap-back of sanctions against Iran, arguing that it could not cut consumption of Iranian electricity and natural gas immediately without suffering serious economic harm and social instability. An Iraqi delegation was in Washington last week seeking a waiver for its cross-border trade, meeting with senior officials in the State Department, Treasury Department, and National Security Council, according to multiple officials familiar with the talks. More details here from Iraq Oil Report (subscription required) (Source: Iraq Oil Report) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 17 view(s)
  • Investors Iraq News's Avatar
    Today, 04:00 AM
    Comtech Telecommunications Corp. (Nasdaq: CMTL) announced on Monday that during its first quarter of fiscal 2019, its Orlando, Florida-based subsidiary, Comtech Systems, Inc., which is part of Comtech’s Government Solutions segment, has received a $9.1 million sole-sourced contract from The Program Executive Office (PEO) Command, Control, Communications, Computers and Intelligence (C4I), International C4I Integration Program Office (PMW 740), to supply equipment and services in support of an existing C4I Surveillance and Reconnaissance Maritime Surveillance System owned by the Iraqi Navy. Comtech will be supplying thermal imaging radar in conjunction with Comtech’s advanced digital troposcatter communications systems and backhaul microwave terminals. The communications network will provide radar and sensor data to an existing Command and Control facility. In commenting on this important award, Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., stated: “I am excited to be able to announce this important contract with a new foreign government end customer. While the sales cycles for opportunities of this type are long, this win is further evidence that demand for troposcatter equipment around the world is growing. We look forward to working with the U.S. FMS and Iraqi Navy on this and future opportunities.” Comtech Systems, Inc. (www.comtechsystems.com) specializes in system design, integration, supply and commissioning of turnkey communication systems including over-the-horizon microwave, line-of-sight microwave and satellite. Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings. (Source: Comtech) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 18 view(s)
  • BatmaninIraq's Avatar
    Today, 02:51 AM
    Central Bank: We plan to restructure the Iraqi currency Updated 17/09/2018 1:22 pm Baghdad / Dinar / .. Revealed the central bank governor on the existence of a future plan to restructure the Iraqi currency, including the deletion of zeros, while noting that the bank currently defends the issue of the currency of the category of 100 thousand dinars. The governor of the Central Bank Ali Al-Alak in an interview with the newspaper Al-Sabah and looked at by the agency, "Dinar / Economic: The idea of ​​putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them, indicating that there is a tendency in some countries to reduce the currency categories so as not to To be stored or falsified. " He added that the currencies with small categories, may lead the citizen to bid farewell to banks for the difficulty of storage, "revealing that" the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation fully so as not to Exploiting this in acts of forgery and others. " End quote 22 /
    148 replies | 24385 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 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 | 31 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 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 .
    148 replies | 24385 view(s)
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