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  • Investors Iraq News's Avatar
    Today, 01:03 AM
    The United Nations Development Programme (UNDP) in Iraq launched a trilingual mobile application for iOS and Android to become the first ever UNDP Country Office to have such an application and one of a few within the UN community worldwide. UNDP Iraq’s Communications Unit led the development process of this application with support on information technology from the Regional Hub. The Unit explained: “Out of over 37.2 million Iraqis, more than 30.2 million are mobile users*. The UNDP Iraq mobile application was developed not only to keep Iraqi users well informed of UNDP’s support to the people of Iraq, but also to reach out to a wider global audience. “With its user-friendly design, the application is very informative in terms of highlighting UNDP’s work and impact as well as the country’s progress towards respective Sustainable Development Goals.“ The mobile application features news, impact stories, publications, a media library, infographs and visualized data in Arabic, Kurdish and English languages.*It*is now available for free download from App Store and Google Play. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Today, 01:03 AM
    By Jack Detsch for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The*Trump administration’s budget proposal*for next fiscal year does not include peshmerga salaries even as the Pentagon aims to continue training the Kurdish force. The Department of Defense had requested $365 million in stipends for the year that ends Sept. 30 but did not spend the money after negotiations to extend an expiring memorandum of understanding broke down in September. Iraqi Prime Minister Haider al-Abadi had agreed to pay the peshmerga wages in October, but a US Inspector General report released earlier this month said the Kurdish fighters still hadn’t been paid “Those documents do not specifically refer to training/stipends for the peshmerga,” Pentagon spokesman Eric Pahon told Al-Monitor in an email today. Lawmakers have yet to weigh in on the $716 billion Pentagon request for fiscal year 2019. Instead, President Donald Trump’s budget request for the year starting Oct. 1 seeks $850 million to train and equip Iraqi troops with a focus on bolstering the Iraqi Security Forces with Ranger brigades. As part of that amount, the peshmerga force of about 150,000*could still be eligible for up to $290 million in so-called operational sustainment*funds aimed at preventing the Iraqi government from becoming more reliant on Iran and Russia, according to budget language. The shift in focus by the United States*comes as the Iraqi Kurds have been marginalized by Baghdad following the Kurdistan Regional Government’s (KRG) controversial independence vote in September. As a result, US and peshmerga officials are at odds over how much assistance is actually getting through to Erbil since Baghdad has to sign off on any weapons shipments to the Kurdish troops. “Right now, the Iraqis are stopping a lot of stuff,” said Michael Knights, a researcher at the Washington Institute for Near East Policy. Though the Pentagon acknowledges that the peshmerga proved helpful to the US-backed coalition until the beginning of the Mosul fight in 2016, the Kurdish force has faced difficulties in assimilating US equipment, experts say, in part because the peshmerga relies on its own training structures and tactical formations. The US-led coalition said in December that 5,200 American advisers in Iraq had stopped advising the peshmerga as the Pentagon appears set to draw down its presence. Over the past year, the United States also sold the Iraqi government nearly $300 million*worth of military equipment to outfit two infantry brigades with M-16 rifles, .50 caliber machine guns, up-armored Humvees and mine-resistant vehicles. That was cut down from an initial effort to outfit four peshmerga brigades — each typically between 4,000 to 8,000 troops — including a border unit. “Peshmerga brigades didn’t fit a US brigade set,” Knights told Al-Monitor. “A lot of the German equipment went everywhere. Gucci German assault rifles got given to commanders and bodyguards.” The US-led force has trained 26,000 peshmerga over the course of the anti-IS mission that began in 2014. Even though the funding stream appears to be in a winnowing process, the United States and the KRG remain engaged in high-level dialogues, with the peshmerga still playing an important role as the Pentagon aims to curb the influence of Iran-backed Shiite militias that are enmeshed in the Iraqi Security Forces. In meetings in Washington in November, the head of the KRG’s Department of Foreign Relations called for the United States*to do more to encourage talks with Baghdad and keep tenuous supply lines open on the border, including the Fish Khabur crossing, a critical lifeline for the 2,000 US troops serving in Syria. “We already have border guards,” Falah Mustafa told Al-Monitor in a November*interview. “Border guards are wearing Iraqi uniforms, they are on the payroll of the Iraqi government, they are getting instructions and directives from the Iraqi government in Baghdad.” (Picure Credit: David B. Gleason) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Today, 01:03 AM
    By John Lee. Iran is said to be negotiating a deal to import around 100,000 tonnes of wheat per month from Russia, enabling private millers it to increase flour exports to Iraq. Iraq imports about 3 million tons of flour a year, almost half of its demand of 6.9 million tons a year. According to a report from Reuters, private millers in Iran are not allowed to use domestic wheat for flour exports. Meanwhile, Bloomberg reports that Iranian flour millers are operating at 50 percent of capacity. (Sources: Bloomberg, Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Today, 01:03 AM
    The owner and chief executive officer of an armored vehicle company was sentenced today to 70 months in prison for his role in orchestrating a scheme to defraud the United States by providing the U.S. Department of Defense with armored gun trucks that did not meet ballistic and blast protection requirements set out in the company’s contracts with the United States. Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division, U.S. Attorney Rick A. Mountcastle of the Western District of Virginia, Special Agent in Charge Adam S. Lee of the FBI’s Richmond, Virginia, Field Office and Special Agent in Charge Robert E. Craig Jr. of the Defense Criminal Investigative Service’s (DCIS) Mid-Atlantic Field Office made the announcement. William Whyte, 72, of King City, Ontario, the owner and CEO of Armet Armored Vehicles of Danville, Virginia, was sentenced by U.S. District Judge Jackson L. Kiser of the Western District of Virginia, who also ordered Whyte to serve three years of supervised release following his prison sentence and to pay restitution in the amount of $2,019,454.36. On Oct. 9, 2017, after a two-week trial, Whyte was found guilty of three counts of major fraud against the United States, three counts of wire fraud and three counts of criminal false claims.* Whyte was charged by an indictment in July 2012. Evidence at trial demonstrated that Whyte executed a scheme to defraud the United States by providing armored gun trucks that were deliberately under-armored.* Armet contracted to provide armored gun trucks for use by the United States and its allies as part of the efforts to rebuild Iraq in 2005. Despite providing armored gun trucks that did not meet contractual specifications, Whyte and his employees represented that the armored gun trucks were adequately armored in accordance with the contract, the evidence showed.* Armet was paid over $2 million over the course of the scheme, the evidence showed. The case was investigated by the FBI and DCIS.* The case is being prosecuted by Trial Attorney Caitlin Cottingham of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Heather Carlton of the Western District of Virginia. (Source: US Dept of Justice) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • What If....'s Avatar
    Yesterday, 08:24 PM
    FYI If anyone else sent their stuff to AACC/Iraq Embassy to get certified. The lady that was doing it at the Embassy quit/wasn't there to do it. So who knows how long it will take. I assume I'm SOL for my shares now. Good thing I only did 5k and not 50.
    119 replies | 10273 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:50 PM
    Kirkuk Governorate Council has reportedly filed a complaint at the Iraqi Supreme Court against the federal government for taking unilateral steps on the governorate’s oil. A press report on February 19 cited three moves that it said Baghdad has taken without consultation with local government: An agreement with British Petroleum (BP) to develop Kirkuk oil fields; efforts to export oil to Iran and Turkey; and exporting oil to Iran via tankers. Though the report referred to these three steps as “contracts“, only the third relates to an agreement that is already being realised. The other moves remain in the initial stages.* The head of the Kurdish Fraternity List at Kirkuk Governorate Council, Muhammad Kamal, told press: “In accordance with the federal constitution, in provinces that produce oil, there should be coordination with the local governments and no contracts should be signed without consultation with the local administrations”.* Head of Kirkuk Governorate Council, Rebwar Talabani, stated that the federal government “does not listen to any articles of the constitution or laws“.* He said the majority at the council were hoping that “our demands take the form of a legal case against the Iraqi government“. According to the report, the council has filed 13 complaints at the Supreme Court against the Iraqi government concerning “violations” by Iraqi security forces and the government since October. It added that since the federal takeover, the people of Kirkuk have not benefited from the governorate’s oil wealth, whereas prior to the takeover local government was given 10m dollars per month by the Kurdistan Regional Government for exporting its oil. (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:50 PM
    By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi is to visit Turkey this week to discuss expanding cooperation in the oil and energy sector. Among the topics for discussion will be the possible restarting of oil exports via the*Turkish port of Ceyhan (pictured), and the export the Iraqi oil “by SOMO company exclusively”. He will also invite Turkish companies to participate in investment projects in the oil sector. (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 24 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:50 PM
    By John Lee. Prime Minister Haider al-Abadi has promised to crack down on corruption, and says laws will protect nervous foreign investors. He told CNBC: “We are laying down all the legal framework … I think the worry is corruption, number one, which is hiding behind red tape and bureaucracy. We have established a higher committee which is headed by the prime minister and it has a follow up team to make sure to remove blocks as they are there because of the bureaucracy. “I think this will be a huge bonus for companies; sometimes they are pressed to pay bribes or something like that. We want to keep away from this, we want every dollar which goes into investment or donation to serve the people, not to go to the pockets of corrupt people.“ Appearing confident despite the challenges ahead, he added: “I think now that the process of engaging investors in Iraq, I am sure in the next few months will be the foundation of this. We’ve already appointed a committee. Next month is going to be a meeting with major investors to follow up … And I hope that after the election they’ll immediately start.” See the full CNBC interview here. (Source: CNBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 27 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:50 PM
    By John Lee. Chevron has reportedly announced that it had resumed drilling operations at the Sarta-3 well in Iraqi Kurdistan. The US company temporarily suspended operations in October following the controversial independence referendum, which increased tensions between Baghdad and Erbil. According to Kurdistan 24, it currently operates and holds an 80-percent contractor interest in two production-sharing contracts covering the Sarta and Qara Dagh blocks. (Sources: Reuters, Kurdistan 24) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 21 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:41 PM
    By John Lee. An Iraqi government delegation is planning to visit Turkey to discuss environmental concerns over Turkey’s Ilisu Dam on the Tigris River. Iraqi Water Resources Minister Hassan al-Janabi (pictured) recently commented: “All regions of Iraq face the danger of water scarcity.” The amount of water in key Iraqi rivers has reportedly fallen by at least 40 percent in recent decades due to erratic rainfall, and the construction of dams in neighbouring countries. The Ministry of Water Resources has stressed that Iraq is “keen to maintain cooperation with neighbouring countries, including Turkey, in order to achieve mutual benefit for all the riparian countries on the Tigris and Euphrates rivers through fair and reasonable use and based on the principle of avoiding harm to any party.” (Sources: Al Manar) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Brazileiro's Avatar
    Yesterday, 10:51 AM
    It's probably your email server. I know some have problems. I use my hotmail/outlook account and 99% of the time there are no problems.
    5 replies | 385 view(s)
  • WheresDinar's Avatar
    Yesterday, 06:43 AM
    I've tried all four email addresses and received failure notices from my email server. Am I doing something wrong when I send the emails? Does my email server not work for Iraq?
    5 replies | 385 view(s)
  • WheresDinar's Avatar
    Yesterday, 06:19 AM
    Has anybody written their Al-Warka bank account off? Has anybody claimed their money in Al-Warka as a loss and claimed it as an investment loss on their federal tax return?
    0 replies | 58 view(s)
  • tipawin's Avatar
    02-20-2018, 07:23 AM
    Nothing is any good for us over there at this time (not for a very long time )
    5 replies | 273 view(s)
  • Investors Iraq News's Avatar
    02-20-2018, 01:43 AM
    Iraq has received the first batch of Russian-made T-90 battle tanks as part of a purchase agreement signed last year, according to an Iraqi Defence Ministry spokesman. “The first batch of Russian tanks arrived on February 15 at Umm Qasr Port – they have since been transported to Baghdad via the city of Basra”. The delivery comes as part of a purchase agreement signed last year between Iraq and Russia for a total of 73 T-90s. “The rest of the tanks will be delivered gradually,” the Defence Ministry source said, pointing out that the first batch of tanks would enter into service “in the coming days”. (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 68 view(s)
  • Investors Iraq News's Avatar
    02-20-2018, 01:43 AM
    By John Lee. A new section of Erbil’s largest road was reportedly opened on Monday. The*five-kilometer stretch of the “120 Meter Road” will alleviate heavy traffic on the Erbil-Pirmam and Erbil-Koya roads, according to a report from Rudaw. The Hemn Group has pledged to finish the next phase of the project near the Kirkuk road and another segment serving the Kirkuk-Mosul road by the end of the year, witht the entire road expected to be completed by the end of 2018. More here from Rudaw. (Source: Rudaw) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 56 view(s)
  • Investors Iraq News's Avatar
    02-20-2018, 01:43 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Feb 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD951 (+2.7%) / $991 (+2.7%) (weekly change) (+17.2% and +18.6% YTD change, respectively). The number of week traded shares was 7.1bn and the weekly trading volume was IQD7.9bn ($6.3mn). ISX Company Announcements Al-Mosul for Funfairs (SMOF) will hold AGM* on Mar. 4, 2018 to discuss and approve 2013 annual financial results and increasing the capital from IQD400mn to IQD800mn through 100% bonus issue. ISX will suspend trading of SMOF starting Feb. 27, 2018. Babylon Hotel (HBAY) will hold a GA on Mar. 1, 2018 to discuss the offer of deferred investment contract postponed from the previous AGM held on Nov. 19, 2017.* ISX will suspend trading of HBAY starting Feb. 26, 2018 and the company will resume trading on Mar. 4, 2018. Mouta for Remittance (MTMO) will hold a GA on Feb. 26, 2018 to elect a new BoD. The company has been suspended since Jan. 21, 2018 because the company was converting from money transfer company into an Islamic bank. Iraqi Agricultural Products and Marketing Meat (AIPM) will hold a GA on Feb. 20, 2018 to elect a new BoD. ISX suspended trading of AIPM starting Feb. 15, 2018 and the company will resume trading on Feb. 21, 2018. Asiacell (TASC) will be suspended from trading on Feb. 18, 2018 if the company fails to explain why the prices touched the higher limit in the last two trading sessions (Feb. 14-15, 2018). AL- Kindi of Veterinary Vaccines Drugs (IKLV) will hold AGM* on Feb. 18, 2018 to discuss and approve 2016 annual financial results. ISX suspended trading of IKLV starting Feb. 13, 2018. Commercial Bank of Iraqi (BCOI) announced that it will start distributing 2.6% cash dividend (IQD0.026 dividend per share) from 2015 profit starting Feb. 18, 2018. Ashur International Bank for Investment (BASH) resumed trading on Feb. 12, 2018 after discussing and approving 2016 annual financial results. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 56 view(s)
  • Investors Iraq News's Avatar
    02-20-2018, 01:43 AM
    By John Lee. A sharp fall in the value of the Iranian rial has reportedly reduced the price of Iranian goods in the Kurdistan Region of Iraq by 30 percent, boosting demand. According to Rudaw, trade between the Kurdistan Region and Iran amounted to $6 billion in 2016, falling to around $5.05 billion in 2017. Tehran closed three border crossings with the Kurdistan Region at the request of Baghdad after September’s independence referendum, reopening them in early January. More here from Rudaw. (Source: Rudaw) (Picture Credit: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 57 view(s)
  • Investors Iraq News's Avatar
    02-20-2018, 01:43 AM
    By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On February 27-28, 2018, the C.W.C. Group, an energy and infrastructure conference, exhibition and training company, will organize in Berlin, Germany, the twelfth edition of Iraq Petroleum, which is one of the major events concerning Iraq’s oil and gas sector. One of the main topics of Iraq Petroleum 2018 will be the development of Iraq’s natural gas reserves with the specific goal of strengthening energy-intensive industries to diversify the Iraqi economy. In Iraq, natural gas might really be the key driver to develop additional industrial sectors. In fact, natural gas may be used for power generation (electricity), petrochemicals, fertilizers, and other heavy industries in which gas is the primary feedstock. In this regard, some analysts might object that the development of these new industrial sectors would not really change the picture for Iraq because its economic development would still be too linked to the oil and gas sector—in practice Iraq’s economy would continue to be overaffected by the price of oil and gas. This observation is by no means wrong, but it’s also true that, apart from increasing oil exports (and in this regard, it will be important to see how Iraq will deal in the future with OPEC’s quota restrictions) to improve its economic standing Iraq does not have many alternatives to developing its natural gas resources and then using them to add other industrial sectors to the economy. Please click here to download the full report. Alessandro Bacci is an independent energy consultant in relation to business strategy and corporate diplomacy (policy, government, and public affairs). Much of his activity is linked to the MENA region, an area where he lived for four years. Alessandro is now based in London, United Kingdom (www.alessandrobacci.com). A multilingual professional, Alessandro holds a Bachelor of Laws and Master of Laws from the University of Florence (Italy), a Master in Public Affairs from Sciences Po (France), and a Master in Public Policy from the Lee Kuan Yew School of Public Policy (Singapore).**** Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 61 view(s)
  • James's Avatar
    02-19-2018, 09:49 PM
    The ISX decided to move trading of 19 companies from the regular market to the non-regular market starting Mar. 1, 2018. If your wanting to buys or sell share this doesn't sound good. At least for some it was due to the decrease in annual trading volume. Three of those banks traded today BNOI @ .56 (2 trades) BROI @.68 (9 trades) BASH @.31 (11 trades). It looks like they need to be active more on the ISX. In contrast BBOB was @ .73 with (63 trades) 1/3 the total bank trades today. Note: “Suspend/ISC” companies are not trading due to ISC Instructions. “Suspend/GA” companies are not trading due to General Assembly Meetings. "(NR)": These are the companies which are trading in the Non-Regular market (in compliance with Iraq Securities Commission law numbered 132/9 on 20/12/2012). These companies were moved to the secondary market (non-regular) because of the decrease in their trading volume and the number of days that these companies are being traded for. Please note, according to the Regulations of the Secondary Market, in each trading session, the average share price will be calculated for each share. The maximum increase and decrease of +/-20% will be based on the average price in the previous session. The price should be valid during three effective trading sessions after the listing, and it will be free in the first trading session after capital increasing.
    5 replies | 273 view(s)
  • pirata's Avatar
    02-19-2018, 09:16 PM
    This is good or bad for us? Please anyone
    5 replies | 273 view(s)
  • James's Avatar
    02-18-2018, 05:46 PM
    Yes BBOB has has over 400 trades this week. http://www.rs.iq/research_reports/preview/2018_02_20180218_RS_Daily.pdf http://www.isx-iq.net/isxportal/portal/uploadedFilesList.html
    5 replies | 273 view(s)
  • haggisbasher's Avatar
    02-18-2018, 05:37 PM
    Hi James i read this today,is BBOB trading there havent seen them in a while.
    5 replies | 273 view(s)
  • James's Avatar
    02-18-2018, 03:02 PM
    The ISX decided to move trading of 19 companies from the regular market to the non regular market starting Mar. 1, 2018 due to the following reasons: 1) Due to not trading in 2016-2017: AL-Wiaam for Financial Investment (VWIF), 2) Due to the decrease in annual trading volume: National Bank of Iraq (BNOI), Credit Bank of Iraq (BROI), North Bank (BNOR),Union Bank of Iraq (BUOI), Ashur International Bank (BASH), Al-Bilad Islamic Bank (BLAD), Al-Khatem Telecoms (TZNI) and AHliya For Insurance (NAHF), 3) Due to less than 25 trading sessions: Economy Bank For Investment (BEFI), Dar es salam Investment Bank (BDSI) and Iraqi for General Transportation (SIGT), 4) Due to the decrease in all indicators: Al-Zawraa for Finanical Investment (VZAF) and Al -Khazer for Construction Materials (IKHC), 5) Due to being under CBI custody: Dijlah & Furat Bank for Development (BDFD) and Dar Al-Salam for Insurance (NDSA).
    5 replies | 273 view(s)
  • Investors Iraq News's Avatar
    02-18-2018, 01:27 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 | 94 view(s)
  • Wolverine's Avatar
    02-18-2018, 02:25 AM
    6669 replies | 423101 view(s)
  • Wolverine's Avatar
    02-18-2018, 02:18 AM
    6669 replies | 423101 view(s)
  • Investors Iraq News's Avatar
    02-18-2018, 12:58 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.* Tribal disputes flare in southern Iraq over water scarcityIraqi Prime Minister Haider al-Abadi gave instructions on Feb. 11 to stop the encroachment upon water quotas and increase the water share to Al-Mejar district in Maysan province in southern Iraq. Abadi’s instructions came days after tribal conflicts in Iraq’s southern provinces*broke out over agricultural land water quotas, prompting activists*in the province to launch a campaign titled*Save the Tigris*in a bid to end the water crisis. There are already conflicts*plaguing*those provinces*— especially Basra, where water issues*between the southern tribes have already escalated into armed conflicts. Hassanein al-Munshid, a civil activist in a local campaign in Maysan province working to end the water crisis, told Al-Monitor, “Tribal conflicts are intensifying in the province because of the water crisis, which might lead to additional fighting.” He added, “There is a tribal sheikh in the northern areas of Maysan province controlling the water flow of the Tigris River to irrigate his farms. There are top officials who are aware of his acts of encroachment, but the government cannot do anything about it.” For security reasons,*Munshid did not name the sheikh. The Iraqi government is doing its best to face the drought that hit the southern provinces due to the lack of water flowing from Turkey, which is the source of the Euphrates River. Most areas of the south and the middle Euphrates depend on the water flowing from the Euphrates. Majid al-Gharabi, a sheikh in Diwani province, told Al-Monitor, “The reason behind the tribal differences over water is that some clans are diverting the flow of water to prevent it from reaching the farms of other tribes.” On Jan. 21, Iraqi Minister of Water Resources Hasan al-Janabi wrote on his Facebook page that “Turkish Foreign Minister Mevlut Cavusoglu said in front of Abadi that Turkey is committed to postponing the filling of the Ilisu Dam and that the Turkish president is committed *Iraq. We definitely have specific demands we seek to achieve peacefully and diplomatically in this regard.” In an interview published by*Foreign Policy Concepts on Jan. 7, the Iraqi minister said the country’s water scarcity is intensified by excessive control measures in the upper reaches of the Tigris and Euphrates rivers. Of note, 70% of the water that flows into Iraq comes from outside of Iraq’s borders, and this issue*— just like any other*— affects and is affected by politics, so Turkey’s construction of the Ilisu Dam faced strong Iraqi objections given the risks of drought it entails for Mesopotamia. In the province of Dhi Qar alone, 20 clan clashes erupted recently due to water scarcity, according to Mayor*Hussein Ali Raddad of the Islah district, who also confirmed that the local government in the province failed to reach any solutions regarding*the issue. Ali Raddad told Al-Monitor, “The crisis we are facing now lies in the tribal conflicts that sometimes escalate into violence.” Iraqi officials say the reason behind the water crisis in the country is that not enough water is flowing into Iraq from Turkey, warning*of a looming “disaster” in the*coming months. Meanwhile, a number of citizens blame the Iraqi government for the tribal conflicts erupting in the country, saying the government is incapable of monitoring the distribution of water quotas to farmers. Some tribes are not getting their share of the water*while others are getting more than their specified quota, citizens told Radio Nawa. Water is not sufficiently flowing into farms from the main sources in their provinces, worsening the issues between tribes. The water crisis may serve as the impetus for new demonstrations in Iraq, specifically in the southern regions where some*tribes warned the Iraqi government of a “war” that may erupt in the absence of appropriate measures to resolve the water crisis. In Maysan province, water shortages are no less serious than those in Dhi Qar, Samawah and Wasit. The capital city of Maysan,*Amarah,*may suffer a major disaster as a result of drought, as waves of displacement will ensue, the marshes will dry out, the livestock will die and the agriculture industry will be doomed, officials say. This is not the first time that armed conflicts have erupted between the tribes of southern Iraq over water. Three years ago, the dispute escalated between the tribes of the provinces of Muthanna and Diwaniyah for the same reason. Parts of southern Iraq are going through a phase*no less serious than the situation in the Sunni areas of Anbar, Salahuddin and Ninevah. Water is the dwindling lifeblood that could lead to long-term tribal fighting in those areas. Despite its attempts, the Iraqi government is seemingly unable to control the tribal differences over water in the areas of southern Iraq, especially considering that there are tribes and families controlling the water flow and preventing it from reaching other farms and areas. The Iraqi government may have to resort to a military option to end inter-clan disputes over water and force tribes to divide water quotas. Otherwise, some farms will be deprived of their quotas. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 80 view(s)
  • Investors Iraq News's Avatar
    02-18-2018, 12:58 AM
    Genel Energy plc has announced that it has received an override payment of $7.05 million from the Kurdistan Regional Government (KRG). The payment represents 4.5% of Tawke gross field revenues for the month of November 2017, as per the terms of the Receivable Settlement Agreement.* Taken together with the monthly entitlement payments for Taq Taq and Tawke announced yesterday, Genel’s net share of payments relating to November 2017 exports totals $26.81 million. (Source: Genel Energy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 82 view(s)
  • BatmaninIraq's Avatar
    02-18-2018, 12:39 AM
    Flooding the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy Thursday 15 February 2018 ​nder Conference : Kuwait , the results of which are discouraging to solve the problem economic Iraqi especially after the devastation resulting from the grinding war on terrorism must think of radical solutions and take advantage of other peoples experiences I want to point to the experience of two states at the time Alhadrohee experience Masrafiqirh powered and experience its Vnzula oil - rich experience The brother of the banker Float the Egyptian pound in 2016, which produced my output after only one year of float Flooding first year .. Egypt stronger "in numbers" after the liberalization of the exchange rate .. Cash reserves jump from 19 to 36.5 billion dollars .. And 56 billion dollars in saving imports And $ 13.7 billion Surplus payments and 17.3% increase in foreign transfers Floating currency "means that the exchange rate against the dollar or any foreign currency away from any intervention of the government or the central bank in determining its price, and linked to the value of supply and demand Yes Float Egyptian currency led to a decline in the price of the pound against the dollar from about 9 to 17 But the state still provides the necessary materials and medicines for citizens and did not increase the proportion of poverty with the knowledge that Egypt imports most of its oil needs from the outside is a very big abysmal example, the second is the state of Venezuela, a country very rich in oil and is now on the brink of bankruptcy where it was running its economy similar to what is done in Iraq At the time The present currency "Venezuela" is now at 3 prices for the exchange, according to the price of central bank exchange rate, the price on the black market, the price used in exports with a large corruption in the work of the Central Bank Iraq is undoubtedly on the Venezuelan example if not taken radical reforms similar to what took place in Egypt with a big difference to the Iraq and Iraq Huan oil revenues from the export of oil in December 2017 from $ 4-6 billion means about $ 76 billion per year The desired benefits of the flotation The process with some of the procedures is similar to what Egypt has taken with a transparency The central bank's reserves will increase by up to $ 40-50 billion in one year (the central bank's reserves could increase by more than $ 16 billion in one year). This amount will enable the start of major projects for energy, water desalination, agricultural projects, construction of hospitals and factories and through international companies. And will pay the price of these projects of oil imports without waiting for the foreign investor and this process will provide hundreds of thousands, but millions of job opportunities for unemployed Iraqis (foreign investor will come to foreign workers as often as with oil companies) and foreign investor, even if it comes in time The present will benefit from the auction sale of the current currency and the result is the damage to the Iraqi economy, as is the case with mobile phone companies, but in case the suspension of the auction will affect the interest of Iraq even with the foreign investor what is the potential damage in case of floating the bill Of course, there is a danger of a decrease in the Iraqi currency, but for employees whose income is not more than $ 1000, the damage will be limited and at the beginning only and only for the value of procurement of luxury materials, but will be met by the improvement of electricity, hospitals, medical devices, medicines, roads, water and credit card. There is the possibility of getting more members of the family more job opportunities, but when the economy and the farms and factories of Iraq will begin to spin out of date decline in currency news this process can reduce the rampant corruption and companies unreality It is possible that the Iraqi economy to become one of the largest economies of Namie and in any case can go back to sell the currency once again after a year or two years if it is not written for the success of this process and I do not think the piece and the people of Egypt Asalo
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