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  • Investors Iraq News's Avatar
    11-18-2017, 07:21 PM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Nov 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD815 (+6.3%) / $838 (+6.6%) (weekly change) (-15.1% and -11.6% YTD change, respectively). The number of week traded shares was 15.0bn and the weekly trading volume was IQD10.8bn ($8.5mn). ISX Company Announcements According to the letter published in The Central Bank of Iraq (CBI) website on Wednesday, a consultative meeting was held on Nov. 13, 2017 under the chairmanship of the Governor of the CBI and faculty of the CBI with heads of boards of directors and executive directors of Iraqi banks to discuss the letter of the CBI dated Nov. 7, 2017 related with the suspension of activities of branches of banks operating in the KRG. In the letter it was mentioned that The Iraq Private Banks League welcomes the directives of the CBI regarding the branches of banks in the region and appreciate what was presented at the meeting to ensure the stability of the banking sector and not subject to risk through the CBI’s guidance for upholding the needs and interests of the citizens in the region in all branches of activities in line with the decision of the Council of Representatives. On Tuesday, CBI sources told Reuters that the CBI has eased restrictions on private banks in its Kurdistan region. In addition, according to the observations of Rabee Securities, the Iraqi banks are continuing to operate in a normal way in Kurdistan region.* (CBI, Reuters, Gulf-Times) The Central Bank of Iraq (CBI) decided on Thursday to increase the fines for counterfeit banknotes from 500% to 700% and fines for the shortage discovered in the banknotes from 100% to 250% with the compensation of the shortfall. (Alsumaria) Cihan Bank for Islamic Investment & Finance (BCIH) will hold AGM* on Nov. 20, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of BCIH starting Nov. 15, 2017. New shares of Mamoura Realestate Investment (SMRI) from the capital increase to IQD22.78bn through 15% rights and 3.6% bonus issues resumed trading on Nov. 14, 2017. Babylon Hotel (HBAY) will hold AGM* on Nov. 19, 2017 to discuss and approve 2016 annual financial results and distribution of 44.5% cash dividend (IQD0.445 dividend per share, 1.3% dividend yield). ISX suspended trading of HBAY on Nov. 14, 2017. Cross Transactions: 7.6bn shares of Al-Harir for Money Transfer (MTAH) on Nov. 15, 2017, which represents 17.0% of MTAH capital. 313mn shares of Asiacell (TASC) on Nov. 12, 2017, which represents 0.1% of TASC capital. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 58 view(s)
  • Investors Iraq News's Avatar
    11-18-2017, 07:21 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 | 43 view(s)
  • Investors Iraq News's Avatar
    11-18-2017, 09:11 AM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Call Centre Supervisor, UN Office for Project Services (UNOPS) General coordinator, Médecins du Monde (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 50 view(s)
  • Investors Iraq News's Avatar
    11-18-2017, 09:11 AM
    By John Lee. The United Nations has advertised new positions in Iraq: Finance and Administration (F&A) Manager, International Business & Technical Consultants, Inc. (IBTCI) Movement Control Assistant, United Nations Assistance Mission for Iraq (UNAMI) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 47 view(s)
  • Investors Iraq News's Avatar
    11-18-2017, 12:34 AM
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 34 strikes consisting of 56 engagements Nov. 13-16, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Strikes in Syria Yesterday in Syria, coalition military forces conducted five strikes consisting of 10 engagements against ISIS targets near Dayr Az Zawr. The strikes engaged four ISIS tactical units and destroyed an ISIS vehicle and three explosive hazards. On Nov. 15, coalition military forces conducted a strike consisting of three engagements against ISIS targets near Dayr Az Zawr. The strike engaged an ISIS tactical unit. On Nov. 14, coalition military forces conducted four strikes consisting of seven engagements against ISIS targets near Dayr Az Zawr. The strikes engaged four ISIS tactical units and destroyed three explosive hazards, two fighting positions and a command-and-control center. On Nov. 13, coalition military forces conducted three strikes consisting of three engagements against ISIS targets: Near Abu Kamal, a strike engaged an ISIS tactical unit and destroyed an ISIS headquarters. Near Dayr Az Zawr, two strikes engaged two ISIS tactical units and destroyed an ISIS vehicle and an ISIS headquarters. Strikes in Iraq Yesterday in Iraq, coalition military forces conducted five strikes consisting of five engagements against ISIS targets: Near Qayyarah, three strikes destroyed three ISIS-held buildings. Near Rawah, two strikes destroyed an ISIS improvised explosive device facility and an artillery piece. On Nov. 15, coalition military forces conducted four strikes consisting of seven engagements against ISIS targets: Near Qayyarah, a strike destroyed a vehicle-borne bomb factory. Near Rawah, three strikes engaged two ISIS tactical units, destroyed four ISIS vehicles and damaged a fighting position. On Nov. 14, coalition military forces conducted eight strikes consisting of 17 engagements against ISIS targets: Near Qaim, a strike engaged an ISIS tactical unit and destroyed two ISIS vehicles, a weapons cache, a vehicle-borne-bomb factory and two suicide vests. Near Qayyarah, a strike destroyed an ISIS supply route. Near Ramadi, a strike destroyed an ISIS bunker and four ISIS vehicles. Near Rawah, five strikes engaged an ISIS tactical unit and destroyed a vehicle-borne-bomb factory, an ISIS-held building, a weapons cache and an ISIS headquarters and facilitated effective fire on ISIS targets. On Nov. 13, coalition military forces conducted four strikes consisting of four engagements against ISIS targets: Near Qaim, a strike destroyed a vehicle-borne-bomb factory. Near Rawah, three strikes destroyed two ISIS tractor-trailers and two vehicle-borne-bomb factories. Previous Strikes Additionally, coalition military forces conducted a strike consisting of one engagement near Qaim, Iraq on Nov. 11. The strike destroyed an ISIS supply route. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 58 view(s)
  • Investors Iraq News's Avatar
    11-18-2017, 12:34 AM
    The UK’s Serious Fraud Office (SFO) has charged two individuals in relation to the Unaoil investigation. Ziad Akle (42) and Basil Al Jarah (68) have both been charged by requisition with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. Akle, who*resides in London, was Unaoil’s territory manager for Iraq, while Al Jarah, who lives in Hull, was Unaoil’s Iraq partner. A third man, Saman Ahsani, is subject to an extradition request to Monaco on related charges; he was Unaoil’s Commercial Director. The charges relate to alleged corrupt conduct within Unaoil, between June 2005 and August 2011. Basil Al Jarah has been charged with two offences of conspiracy to make corrupt payments, contrary to section (1) of the Criminal Law Act 1977 and contrary to section 1 of the Prevention of Corruption Act 1906. Ziad Akle has been charged with one offence of conspiracy to make corrupt payments, contrary to section (1) of the Criminal Law Act 1977 and contrary to section 1 of the Prevention of Corruption Act 1906. Ziad Akle and Basil Al Jarah will appear before Westminster Magistrates’ Court at 10am on Thursday 7th December. The investigation is ongoing. (Source: SFO) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 52 view(s)
  • bultn's Avatar
    11-17-2017, 11:10 AM
    Probably some brainless tweet as usual...
    13 replies | 1086 view(s)
  • PennStateMtnMan's Avatar
    11-17-2017, 03:10 AM
    LOL, And exactly what are we waiting for?
    13 replies | 1086 view(s)
  • Investors Iraq News's Avatar
    11-17-2017, 12:45 AM
    By*Nahwi Saeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Although Baghdad imposed its authority on Kirkuk on Oct. 16 and appointed a new temporary governor, Kurds still hope to reach an agreement with Baghdad that will allow them to appoint a Kurdish governor in the disputed province between Baghdad and Erbil. In the latest development, the Patriotic Union of Kurdistan (PUK) nominated a Kurdish candidate (the former head of the provincial council, Zarkar Ali) on Nov. 12, and demanded that the provincial council hold a meeting to vote on the new governor. The Kurds’*proposal is one of several options on the table. The first option is appointing a military governor. Some members of the Arab and Turkmen communities in Kirkuk proposed this*before and after the Kurdish referendum. For Kurds, appointing a military governor, even if for a while, means Kirkuk’s restoration to the pre-2003 era and the reminder of bitter memories*when the Kurds were the most aggrieved and affected group in the city. The central government may be powerful enough to hold Kirkuk for now, but appointing a military governor would push the Kurds to one side, which is likely to prove both provocative and unsustainable. Election results indicate that the Kurds are larger than other groups*in the province, although there has been no official and reliable census for some time. Kurds will reassert their claim on Kirkuk at the first available opportunity — both for the symbolic reason that many Kurds regard Kirkuk as their “Jerusalem,” and for the economic reason that control of Kirkuk’s oil*would play a big role in any future Kurdish independence bid. The upshot is that Kirkuk was and remains a “disputed territory”;*as a US*State Department statement*said*Oct.*20, “The reassertion of federal authority over disputed areas in no way changes their status — they remain disputed until their status is resolved in accordance with the Iraqi constitution.” Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 88 view(s)
  • Investors Iraq News's Avatar
    11-17-2017, 12:45 AM
    By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.* In a Nov. 14 press conference, Iraqi Prime Minister Haider al-Abadi warned the Kurdistan Regional Government (KRG) authorities that he will not wait long to take control of the Kurdistan region’s border crossings with Turkey and Iran. “We will regain control of border areas without escalation. But our patience will run out. We will not wait forever. We will take action,” Abadi said. Turkish Minister of Customs and Trade Bulent Tufenkci ssid previously that his country has reached an agreement with Iraq’s central government to open a border crossing through Ovakoy in Sirnak province, southeast Turkey. Being out of the reach of the Iraqi Kurdistan Region, the crossing in Ovakoy is a strong economic and political blow to Kurdistan Region*authorities. The border dispute is a result of the desire of Baghdad, Turkey and Iran*to keep Kurdish influence at bay. Kurdish authorities have been delaying the handover of the borders, and the Iraqi forces have threatened to start operations to gain control over the crossings. Meanwhile, the United States and its Iranian opponent are both interested in the Faysh Khabur strategic crossing. The United States is trying to avoid a conflict and it is working on setting a “common security strategy” for all areas of conflict, including the crossing. This explains why the United States has suggested the presence of representatives from its US-led coalition at the crossing. The Popular Mobilization Units have expressed interest in reclaiming the crossing, which would connect them with their allies in Syria. Moreover, the location links the Kirkuk-Ceyhan oil pipeline to Turkey and acts as an important and lucrative economic passage between Iraq and its neighbors. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 70 view(s)
  • Investors Iraq News's Avatar
    11-17-2017, 12:45 AM
    ShaMaran Petroleum has announced its financial and operating results for the three and nine months ended September 30, 2017. (Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars). HIGHLIGHTS AND DEVELOPMENTS Operations Oil production on the Atrush Block commenced in July 2017. Atrush is currently producing at approximately 26 thousand barrels of oil per day (“bopd”). In order to address certain production constraints the facilities were shut down in the beginning of October. These constraints have now successfully been resolved. One of the four production wells, Atrush 4, (“AT-4”) is currently shut in. The well was back-producing drilling fluid lost during drilling operations. In order to not upset the production system it was decided to clean up the well via temporary facilities upon the receipt of a flare permit from the Kurdistan Regional Government (“KRG”). This operation is now planned for Q4 2017. In October and November 2017 the Company received payments totalling $2.5 million representing its entitlement share of the $9.7 million in total payments received by the Atrush Non-Government Contractors from the KRG for July and August oil sales from Atrush and reimbursement instalments of the Atrush Exploration Costs receivable. 703 thousand barrels of oil were exported from Atrush for the months of July and August with an average netback price1 of $35.3 per barrel of oil. Total oil produced and exported from Atrush over the third quarter was 1.3 million barrels resulting in an average of 14.6 thousand barrels per day. The average netback price over the quarter was $36.86 per barrel and the average lifting cost was $8.54 per barrel. The Chiya Khere-7 (“CK-7”), which was spudded on September 17, 2017 reached a final depth of 1,861 metres in early November 2017. The reservoir section was encountered approximately 114 metres shallower than prognosis. The well was drilled on time and under budget. Testing and completion of the well will be performed in 2018 to coincide with installation of flow lines between the Production Facility and the Chamanke E location were the well is located. The main objectives of the well are to appraise the commercial potential of the Mus formation, to help reduce the uncertainty in the location of the medium to heavy oil transition zone and to serve as a further producing well. In September 2017 an agreement was concluded between the Atrush Non-Government Contractors and the KRG for the sale of Atrush oil whereby the KRG will buy oil exported from the Atrush field by pipeline at the Atrush block boundary based upon the Dated Brent oil price minus approximately $16 for quality discount and all local and international transportation costs. This discount is based on the same principles as other oil sales agreements in the Kurdistan Region of Iraq. The Final Completion Certificate for the Atrush Feeder Pipeline (“FCC”) was issued on October 31, 2017 which completes the obligation of the Non-Government Contractors to fund the KRG’s share of development costs and triggers the commencement of repayment of both the Atrush Feeder Pipeline Cost Loan and the Atrush Development Cost Loan. The first loan repayment instalments are due later in November 2017. Following the independence referendum held in Kurdistan on September 25, 2017, operations in the Atrush field in Kurdistan are continuing in a normal, safe and secure manner. Exports from Atrush are continuing via the Kurdistan Export Pipeline system and drilling operations on the CK-7 well are progressing as planned. Nevertheless, events since the referendum suggest an increase in the potential for political instability within the region. 1 This includes a discount to Dated Brent for oil quality and all local and international transportation costs. Corporate On January 30, 2017 the Company completed the issue of 360 million common shares of ShaMaran on a private placement basis (the “Private Placement”) at a price per share of CAD 0.10 (equal to SEK 0.67) which resulted in gross proceeds to the Company of $27.3 million ($26.4 million net of transaction related costs). Zebra Holdings and Investments SARL, Lorito Holdings SARL and Lundin Petroleum BV, the Company’s major shareholders, subscribed for 43,463,618 shares, 16,984,621 shares and 17,800,000 shares, respectively, in the Private Placement. In February 2017 the Company reported estimated reserves and contingent resources for the Atrush block as of December 31, 2016. Reserves and resource estimates have remained unchanged from those reported for the prior year. Total discovered oil in place in the Atrush Block is a low estimate of 1.5 billion barrels, a best estimate of 2.1 billion barrels and a high estimate of 2.8 billion barrels, with Total Field Proven plus Probable (“2P”) Reserves on a property gross basis estimated at 85.1 MMbbl and Total Field Unrisked Best Estimate Contingent Resources (“2C”) on a property gross basis estimated at 304 million barrels oil equivalent (MMboe). 2 3 2 “MMbbl” means million barrels and “MMboe” means million barrels of oil equivalents. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 6 million cubic feet (“Mcf”) per one barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. 3 This estimate of remaining recoverable resources (unrisked) includes contingent resources that have not been adjusted for risk based on the chance of development. It is not an estimate of volumes that may be recovered. OUTLOOK Operations • In the fourth quarter of 2017 it is planned to produce the AT-4 well until clean via temporary facilities and bring Atrush production up to the facilities’ design capacity of 30,000 bopd. • Plans for Atrush for 2018 include: • continue with program to identify bottlenecks in order to maximise output from the Production Facility; • testing and completion of the CK-7 well; • install the CK-7 flow line and bring CK-7 into production; • drilling, testing and completion of Chiya Khere (“CK-10”), a sixth development well; • drilling and completion of Chiya Khere (“CK-9”), a dedicated water disposal well; and • conducting extended testing of the CK-6 well which is located on the eastern side of the Atrush Block and which is outside the 2P reserve area of Atrush. This would involve the installation of temporary production facilities near the Chamanke–C well pad and the delivery by truck of oil to the main Phase 1 Production Facilities. • Following the results of the CK-7 and CK-10 wells, the extended well testing in CK-6 and sustained production from the Phase 1 Production Facilities the Company expects to be in a position to further assess the significant undeveloped Atrush resource base. • The political situation in the Kurdistan region will be monitored continuously and the market will be appraised of any material impact on operational activity. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 72 view(s)
  • Investors Iraq News's Avatar
    11-17-2017, 12:45 AM
    By John Lee. Sources have told Reuters that China’s state-run Zhenhua Oil will supply diesel (500 parts per million (ppm) sulphur) to Iraq’s State Oil Marketing Organization (SOMO) through a term contract for the first time. It will supply 600,000 tonnes of the 2.37 million tonnes sought by SOMO in a tender for delivery in the 2018 calendar year. The company is part of defence conglomerate China North Industries Group Corp (NORINCO). BB Energy, Litasco (the international marketing and trading arm of Russia’s Lukoil) and Lima Energy (a joint venture between Litasco and SOMO) will also supply about 25 percent each. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 73 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 09:16 PM
    Source: Read the story here Post your commentary below.
    0 replies | 91 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 09:16 PM
    Source: Read the story here Post your commentary below.
    0 replies | 76 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 09:16 PM
    Source: Read the story here Post your commentary below.
    0 replies | 61 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 09:16 PM
    Source: Read the story here Post your commentary below.
    0 replies | 61 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 09:16 PM
    Source: Read the story here Post your commentary below.
    0 replies | 58 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 09:16 PM
    Source: Read the story here Post your commentary below.
    0 replies | 58 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 10:52 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Engineers in northern Iraq are carrying out repairs on a vital dam damaged by the earthquake that also devastated areas in neighbouring Iran. The dam, which provides water and electricity to about two million people, risks breaking and unleashing disastrous flooding. More than 500 people were killed and about 70,000 were displaced after the deadliest earthquake of the year struck a border region between Iran and Iraq. Al Jazeera‘s Sinem Koseoglu reports from Darbandikhan: Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 69 view(s)
  • BatmaninIraq's Avatar
    11-16-2017, 04:46 AM
    Just wait for the President T
    13 replies | 1086 view(s)
  • ETA's Avatar
    11-16-2017, 02:18 AM
    Hoping you are right, seems interesting. why the signal,You would think they'ed keep it hush , hush
    20 replies | 809 view(s)
  • ETA's Avatar
    11-16-2017, 02:14 AM
    Nice maybe soon
    20 replies | 809 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 12:44 AM
    The U.S.-led coalition to defeat the Islamic State of Iraq and Syria continues to support Syrian Democratic Forces as they pressure ISIS by advancing toward the confluence of the Kabul and Euphrates River valleys, Army Col. Ryan S. Dillon, spokesman for Combined Joint Task Force Operation Inherent Resolve, told reporters today. More than 1,500 square miles of formerly ISIS-held territory has been liberated since the beginning of operations in September, Dillon said from Baghdad during a teleconference with reporters in the Pentagon. “The coalition continues supporting our Syrian partners through surveillance and combat advice, as well as more than 40 precision strikes in the past week targeting ISIS fighters, weapons, logistics and command nodes,” Dillon said. He added, “We will continue to deprive ISIS remnants of their resources in safe havens and continue our defeat-ISIS mission so long as they pose a threat.” The fielding and training of police and security forces such as the Raqqa Internal Security Force “will grow in importance as ISIS’ conventional force continues to face defeat and reverts to its terrorist roots,” Dillon said. Supporting Partners “The coalition will continue to support our partners’ needs for effective forces tailored to meet the needs of the Syrian and Iraqi people,” he added. As war debris is carefully cleared, residents can begin to return home, the spokesman said. This week with coalition-enabled efforts, nearly 8,000 civilians were returned to their homes in Meshlib, Syria, after the SDF declared the area clear, he added. Additionally, the inclusive and locally governed Raqqa Civil Council has led the way in public health, safety, economic and educational efforts in the area, with ongoing support from the coalition, Dillon said. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 73 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 12:44 AM
    Coalition airstrikes killed four senior Islamic State of Iraq and Syria leaders in the past three weeks, Combined Joint Task Force Operation Inherent Resolve officials announced today. “The removal of these key terrorists disrupts ISIS’ weapons engineering activities and their ability to recruit and train terrorists,” officials said in a statement. “It also reduces their ability to plan and conduct terrorist attacks, both within Syria and Iraq and abroad.” Dead are: Yusuf Demir, an ISIS media official with links to ISIS networks throughout the Middle East and Europe, killed Oct. 26 near Qaim, Iraq; Omer Demir, an ISIS external operations coordinator with links to ISIS networks in the Middle East and Europe, also killed Oct. 26 near Qaim; Abu Yazin, an ISIS senior leader and weapons facilitator, killed Nov. 3 near Mayadin, Syria; and Abdellah Hajjiaou, an ISIS external operations plotter, killed Nov. 5 near Abu Kamal, Syria. “The coalition will continue to exert pressure on ISIS senior leaders and associates across multiple networks in order to degrade, disrupt, and dismantle ISIS structures and remove the extremist terrorists throughout Iraq and Syria,” officials said in the statement announcing the deaths. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 56 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 12:44 AM
    WHO delivers urgent health assistance for earthquake trauma patients In response to the recent earthquake in the border region between Islamic Republic of Iran and Iraq, the World Health Organization (WHO)’s office in Iraq has deployed a medical team supported with 3 ambulances, 4 tents and emergency lifesaving supplies to Sulaymaniyah governorate in northern Iraq. The health supplies, sufficient for 200 surgical operations, have been prepositioned at the Emergency Hospital in Sulaymaniyah governorate. An interagency assessment mission to Sulaymaniyah governorate reported that 8 people had been killed, more than 500 people injured and 3 health facilities damaged, 2 of which remain nonfunctional as a result of the earthquake. WHO’s support is in response to a request from the Directorate of Joint Crisis Coordination Centre, Ministry of Interior, Kurdistan Regional Government and the Directorate of Health Sulaymaniyah. On Sunday, 13 November 2017, an earthquake measuring a magnitude of 7.3 on the Richter scale struck approximately 32 kms from the city of Halabja, Iraq. The earthquake was felt across Iraq, including in the cities of Baghdad, Erbil, Sulaymaniyah, Kirkuk and Basra. Five districts in Sulaymaniyah were struck the hardest. WHO and health partners continue to closely monitor the situation and will continue to deliver assistance to health facilities receiving patients affected by the earthquake. This emergency response by WHO has been made possible with funds from European Union Humanitarian Aid (ECHO) and the Office of U.S. Foreign Disaster Assistance (USAID/OFDA). (Source: UNSMIL) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 54 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 12:44 AM
    Pope Francis was presented with the keys to a brand-new Lamborghini Huracan on Wednesday by officials from the luxury car maker. The special edition car, however, will be auctioned off by Sotheby’s in London and the proceeds given to four charities in Pope Francis’ name. Pope Francis blessed the car and signed the hood after receiving it in front of his Casa Santa Marta residence. Sporting the papal colors – white with yellow-gold detailing – the Lamborghini Huracan’s base price usually start at 183,000 euros but the specially-made papal car should bring far more at auction. A statement from the Holy See Press Office said some of the proceeds will go to the papal charity “Aid to the Church in Need” towards rebuilding homes, churches, and public buildings in Iraq’s Nineveh Plains. These funds, the statement said, will help Christians who had taken refuge in Iraqi Kurdistan “to finally return to their roots and recover their dignity.” (Source: News.va) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 51 view(s)
  • Investors Iraq News's Avatar
    11-16-2017, 12:44 AM
    By John Lee. Russia has reportedly begun delivering T-90 tanks to the Iraqi military. According to*Almasdar News, 73 of the tanks are scheduled to arrive to Umm Qasr Port this year. The T-90 is a third-generation Russian battle tank that entered service in 1993. (Source: Almasdar News) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 53 view(s)
  • Brazileiro's Avatar
    11-15-2017, 06:37 PM
    I've been trying to get my online access renewed for about a week now with no response from Warka Bank. I've emailed about other subjects but have nothing in return from WB for many many months. Hope to hear something in my lifetime lol Think the last I read on WB was back in Jan of this year about being approved for relisting on ISX, http://www.investorsiraq.com/showthread.php?15110-ISX-letter-to-CBI-Warka-Bank-approved-for-Relisting then in May re-listing denied because WB not submitting significant information? http://www.investorsiraq.com/showthread.php?15572-Posted-on-Rabee-Securities-today.
    42 replies | 10921 view(s)
  • haggisbasher's Avatar
    11-15-2017, 04:55 PM
    Absolutely nowt,it's as if they have just vanished.hope we hear something soon. HB
    42 replies | 10921 view(s)
  • haggisbasher's Avatar
    11-15-2017, 04:53 PM
    Aye your rut there EB am back in the sand box saving my dollars up now for that day,that will be a 30% profit on the exchange back to GBP.bring it on HB.
    42 replies | 10921 view(s)
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