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    07-19-2018, 11:35 PM
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    07-19-2018, 03:21 PM
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    07-19-2018, 03:14 PM
    Just taking a look of what it looks like and can I have it!!!!
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  • BatmaninIraq's Avatar
    07-19-2018, 01:20 PM
    19/7/2018 12:00 am BAGHDAD / Tariq al-Araji Revealed the governor of the Central Bank Ali al-Alaq, the continuation of the Iraqi dinar to maintain its strength against the dollar, stressing that this is a success of the monetary policy followed by the bank, despite the crises experienced by Iraq, and disclosed the development of an integrated strategy for years ( 2016 2020) contains dozens of plans and initiatives. Al-Alak said in an exclusive interview with Al-Sabah, "The preservation of the dinar against the dollar is a strong element, especially that the exchange rates in many stable countries fall significantly and reach 30 or 40 percent, while in other countries it may fall to more than That ", noting that" the function of the central bank is to maintain the stability of the exchange rate of the Iraqi dinar against the dollar. " He added that "the honor of the Governor of the Central Bank promised him the best Arab comes in the framework of external follow-up of various organizations related to the banking issue through the monitoring of a number of indicators and standards adopted at the bank," explaining that "these organizations confirmed that the Central Bank during the last three years moved from a bank Working in the functions of the twentieth century to an institution working in the functions of the twenty-first century, and was able to exceed the legacy of years of mismanagement and isolation. " "The bank has made tremendous efforts over the past three years to keep abreast of developments by adding new functions and functions that are being created for the first time in parallel with other countries, as well as continuing focused operations in training, development and benefiting from the of international organizations and central banks," he said. "Financial stability and risk management, as well as overall quality management and compliance management, are among the other important functions that have been introduced into the central bank," he said. "For the first time, the bank's organizational structure was restructured to accommodate these new jobs Through working with the Office of an international consultant, according to an integrated strategy for the years 2016 and 2020 includes dozens of plans and initiatives that must be completed during that period. " As for the central bank's entry into major investments in the country, Alaq explained that "the central banks should not risk reserves because they are a defense dam against the economic and financial crises facing the countries." He explained that "the rules of use for the reserve or investment must be placed in a safe place So that the Bank has the ability to respond to any demand for hard currency. " "Among the things that measure the successes and achievements on the basis of which are the nature of the circumstances surrounding the institution in charge of a particular work in the sense that it reveals the capabilities and potentials, and highlights the strengths and the ability to confront, To confront difficult conditions and overcome them with wisdom and with great responsibility, and did not distance himself from the financial and security challenges facing the state and the government. " The governor of the Central Bank," The entry of gangs to the terrorist to Mosul with low oil prices, caused direct pressure on the bank in a timely manner , But the bank was able to
    128 replies | 18973 view(s)
  • Investors Iraq News's Avatar
    07-19-2018, 12:50 PM
    By John Lee. Russian oil company Lukoil has published tenders for two projects at its West Qurna-2 oilfield: Decentralised Water Injection Facilities – click here for more information; Gas Turbine Power Plant Expansion – click here for more information. Interested companies have until 23rd July to apply for documents, and bids will be accepted until 23rd August. (Source: Lukoil) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-19-2018, 12:50 PM
    By John Lee. The Ministry of Oil has extended the closing dates for tenders for two new oil refineries: Muthanna refinery, 70,000 bpd: More information here. Diwaniya refinery: 70,000 bpd: More information here. Companies interested in investing must submit their documents by the end of working hours on Sunday, 30th October 2018. For further information please contact studies@oil.gov.iq or studies.oil@gmail.com. (Source: Iraqi Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-19-2018, 12:50 PM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. People are still protesting across southern Iraq, despite a promise by the prime minister to create jobs and improve public services. The unrest began in the oil-rich province of Basra last week and has spread to several other large cities. Demonstrators say they’re not benefitting from Iraq’s vast oil wealth, because of government corruption and mismanagement. Al Jazeera‘s Osama Bin Javaid reports: Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-19-2018, 12:50 PM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Police and medical sources say at least 11 people have now died in protests in southern Iraq against the poor state of public services. The unrest began in Basra last week and has spread to several other large cities. One of the main reasons for the anger is the frequent power blackouts that are severely worsening living conditions. Some in Iraq are hoping that Iran can supply them with electricity via Iran’s national grid, prompting Saudi Arabia to offer aid. The government in Baghdad is racing to find a way to meet some of the protesters’ demands for economic and energy reforms and bring an end to the protests before they turn into a large, nationwide movement. Al Jazeera‘s Imran Khan reports from Baghdad: Source: Iraq-BusinessNews.com. Post your commentary below.
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    07-19-2018, 10:12 AM
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  • Investors Iraq News's Avatar
    07-19-2018, 04:06 AM
    On August *10th, ten of Iraq’s best seed-stage startups will compete in Erbil to represent the country at the Seedstars Summit in Switzerland and win up to USD 1 million in equity investments and other prizes. The first Seedstars competition in Erbil is marked by the excitement and commitment of Seedstars and its partners in investing in Iraq’s recent, yet vibrant, startup ecosystem. Seedstars World, the largest startup competition for emerging markets and fast-growing startup scenes is coming to Iraq for the 1st time to hold a dynamic pitch event on August *10th, at TechHub in Erbil. Omar Barakat, Regional Associate for MENA at Seedstars, explains: “Seedstars is a platform connecting the next generation of entrepreneurs from places where normally people wouldn’t think startup ecosystem have such traction, growth and buzz, to a worldwide community of changemakers focused in emerging markets. “Therefore, we are very excited to be in Iraq, highlighting the hidden potential of such a bustling entrepreneurial ecosystem. We are here to witness the reality and foster talent and good ideas. “We are also experts in identifying which solutions to pull through and how. We’re impressed by what we have seen in the region so far and cannot wait to add startups from Iraq on our map.” The companies selected to pitch at the Seedstars Erbil event need to be less than 2 years old, have raised less than USD 500,000 in funding and built a minimum viable product, ideally with existing traction. The Seedstars team is searching for one additional criterion: the startup’s regional and global scalability. With a strong network of international partners, such as Merck, SPECo, Enel or Continental (amongst others) the competition organizers are looking for smart startups that tackle regional issues and develop profitable and sustainable products for the global market. The applications are open until July 30th and startups are invited to apply on Seedstars Erbil website. After a careful screening, the Seedstars team will shortlist 10 of the best seed-stage startups in Erbil to pitch on August 10th for the opportunity to compete at the Seedstars Summit, that annually takes place in Switzerland. In order to provide local entrepreneurs with this opportunity and aiming to deliver the best possible event, Seedstars is closely working with TechHub, Iraq’s first co-working space located in Erbil, who are representing the initiative throughout the year. Hal Miran, Co-Founder at TechHub, said: “Seedstars’ mission to impact people’s lives through technology and entrepreneurship is a perfect match with ours. Their experience with startup ecosystems and entrepreneurs, and the international community they’ve built around them have been crucial factors in our decision to join forces to scout for the best solutions to tackle local issues in Iraq. We really hope local startups appreciate this incredible opportunity.” It’s Seedstars’ goal to place the spotlight on entrepreneurs from emerging markets, especially those targeting solutions that align with UN Sustainable Development Goals. With that in mind, Seedstars World is travelling to more than 65 countries to identify the most innovative seed-stage startups, awarding them the opportunity to win up to USD 1 million and network with investors and mentors from around the world at the global Seedstars Summit in Switzerland. Its previous participants have raised over USD 92M collectively, providing employment to more than 2.100 employees worldwide. The 10 startups selected will give a five minute pitch in English, in front of a jury made up of local startup heavyweights. Members of the public and press are welcome to come join the fun and should register on the above Seedstars Erbil website as well! (Source: Seedstars) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 52 view(s)
  • Investors Iraq News's Avatar
    07-19-2018, 04:06 AM
    Iraqi Electricity Minister Qassem Al-Fahdawi (pictured) said yesterday that his country has failed to convince Iran to resume supplying Iraq with electricity. Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran cut off about two weeks ago due to the accumulation of debts owed by Baghdad. Al-Fahdawi explained in a statement received by Anadolu News Agency that his ministry “has put an alternative plan to importing electricity from Iran”. Iraq has been importing electricity from Iran for many years after their power infrastructure was destroyed by decades of war and blockade. According to figures released by the Iraqi Ministry of Electricity in August, last year the country produces 15,700 megawatts of electricity, however it needs more than 23,000 megawatts of electricity to meet its population needs. The power outage caused by the Iranian move contributed to fueling violent protests in the southern Iraq provinces which led to at least five people being killed and 190 wounded after security forces fired on protesters. (Source: Middle East Monitor) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 49 view(s)
  • Investors Iraq News's Avatar
    07-19-2018, 04:06 AM
    “Mine clearance is crucial to prevent the loss of civilian lives, to ensure access for emergency aid, and to enable hundreds of thousands of internally displaced people to return safely to their homes. This is why we are now increasing our support for mine clearance in Iraq and Syria“, Norway’s Foreign Minister Ine Eriksen Søreide (pictured) has said. ISIL planted vast numbers of landmines and explosives in the areas they formerly controlled. These explosives pose an enormous threat to civilians. Against this backdrop, Norway has increased its support for mine clearance in Iraq and Syria from NOK 110 million in 2017 to NOK 154 million in 2018. Last summer the city of Mosul in Iraq was liberated from ISIL, and last autumn the global coalition liberated the city of Raqqa, formerly ISIL’s headquarters in Syria. According to the UN, the number of landmines and unexploded ordnance in Iraq and Syria is extreme, with 50 to 70 casualties a week in the city of Raqqa alone. ‘The human suffering caused by these explosives must be brought to an end. The situation in Raqqa and Mosul is particularly serious. A substantial share of Norway’s support for mine clearance is being channelled to these two cities,’ said Ms Eriksen Søreide. Norway is one of the five largest donors to international mine clearance efforts. In 2017 Norway provided a total of NOK 312 million for this work. Activities supported by Norway include mapping hazardous areas, training the local population in risk management, and clearing landmines and unexploded ordnance so that land and buildings can be used again. (Source: Norwegian Ministry of Foreign Affairs) (Picture Credit: Torbjorn Kjosvold, Norwegian Armed Forces) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 55 view(s)
  • Wolverine's Avatar
    07-18-2018, 11:05 PM
    Chuck you , Schumer !!!
    232 replies | 5313 view(s)
  • BatmaninIraq's Avatar
    07-18-2018, 10:06 PM
    Central Bank: Sirens sounded at the Banks Complex launched as training practices July 18 2018 5:19 PM The Central Bank of Iraq, in a statement issued on Wednesday, that the sirens launched today at the banks complex comes within the training practices. The Central Bank said in its statement that the warning sirens launched today at the banks complex in Al-Rashid Street are the regular training practices carried out by the Department of Civil Defense in coordination with the security services, "adding that" these practices continue for two days. It is worth mentioning that the means of social communication There were reports today that warning sirens were fired today at the banks complex at the banks complex in Al-Rashid Street, without giving further details.
    128 replies | 18973 view(s)
  • BatmaninIraq's Avatar
    07-18-2018, 10:01 PM
    7/18/2018 ----BAGHDAD / MESSALA: The social networking sites have been reported as a security spread around the Central Bank of Iraq. And monitored the "obelisk" published by activists on Facebook: "the launch of warning sirens in the Central Bank of Iraq, and the spread of security forces, without knowing the details." Which caused the spread of security forces as pictured:
    128 replies | 18973 view(s)
  • Wolverine's Avatar
    07-18-2018, 08:41 PM
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