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  • investindinar's Avatar
    Today, 02:04 PM
    crazyfrank, Beginning in July, every time I sent an email to '3044', and copied a few other addresses that I already had, I started receiving responses from only Al Wasata using an Al Warka domain! That leads me to believe that '3044' is another email address for Al Wasata. On some responses sent back to me, they seemed to be using a very generic template reminding everybody that if they didn't ask for their proxy shares to be registered with the ISX within the time limit, they would be liquidated, and that they were in the processing of finalizing ... whatever. At first I thought that this message was coming from Mr. I, whom I had included in the original 'TO' address block. However, upon closer examination, I realized that the generic message in question was coming from 'Al Wasata', not anyone else. Anyway, this hullabaloo about Al Wasata may be a bit overblown. I think Al Wasata is the new name for Al Warka Brokerage and they had to incorporate a new entity in the mix to comply with ISX requirements. investindinar
    50 replies | 3445 view(s)
  • crazyfrank's Avatar
    Today, 06:23 AM
    ya know this could turn out to be really bad, quite ugly in fact.............. if there is linkage to this Al Wasata brokerage with our funds in Al Warka, this could be dam bad news. This Al Wasata brokerage is in the heart of the Gaza Strip, and those nut jobs are there cooking up a war zone attacking Syria, and Israel. The thought comes to mind where have they, or where/how are they still continuing to getting funding for all that crap?
    50 replies | 3445 view(s)
  • Investors Iraq News's Avatar
    Today, 04:00 AM
    This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. By Kamal al-Ayash. As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border CrossingOpening the Arar border crossing on Iraq’s border with Saudi Arabia could help locals economically. But analysts say it’s also about international influence. “Work is underway to re-open Arar for commercial purposes before the upcoming Haj season in a manner that benefits both Iraq and Saudi Arabia,” said Abdul Aziz al-Shammari, the Saudi ambassador to Iraq. In a televised interview announcing that the border crossing is to be permanently opened, he said that the Iraqi and Saudi sides have agreed on everything required for the reopening of the crossing for commercial purposes. This is not the first time that Saudi Arabia announced its approval for the reopening of the border crossing, and with every such announcement voices supporting normal relations with Saudi Arabia are heard. Local residents also say the border crossing opening will boost economic recovery in the area. However, the issue of ownership of the border crossing remains a significant stumbling block: It is located within the borders of the Nukhayb district, approximately 300 kilometres southwest of Ramadi, which is in the Anbar province . The Nukhayb district was created in 1960 and remained part of Anbar province’s Rutba district until 1978 when it was annexed to Karbala for 14 months. It was returned to the Anbar province in 1979 as a result of a crisis between the local population of the Nukhayb district and Ahmad Hassan al-Bakr, a former President of Iraq, after which it became a separate district in 2016, following a vote by Anbar provincial council members. The Arar crossing point is located on the Iraqi-Saudi border, 97 kilometres southwest of the Nukhayb district, and since 2003 has officially only opened during the pilgrimage season so that Iraqi pilgrims can travel to the holy site of Mecca in Saudi Arabia. The border crossing has two routes; the first passes through the Karbala province and the second passes through the Anbar province. The local government in the Anbar province highlights the success of its security and service operations every pilgrimage season, while at the same time stressing that this is done without financial allocations to the border crossing. It is also a way of confirming its ownership of the Nukhayb district and the Arar border crossing. Taha Abdul Ghani, a member of the Anbar provincial council, told NIQASH that “no province other than Anbar has the right to administrate the Arar border crossing, as all documents prove that the Nukhayb district and Arar border crossing fall within the administrative borders of the Anbar province. Any other claim is a slander and a violation of Anbar’s rights.” “Anbar province has administrated the Nukhayb sub district for 15 years. It allocated huge amounts of money to services and projects in the Nukhayb district in support of all sectors, as well as for logistical services to ensure the success of security plans and the travel of pilgrims through the Arar border crossing.” In addition to its importance for commercial and tourism purposes, the Saudi-Iraqi border crossing is significant for various local and international political parties for political and security reasons. Observers and experts say that any developments related to the Nukhayb district tend to increase tensions and they stress that economic issues are not the only reasons. “Controlling the Nukhayb district and the Arar border crossing from the Iraqi side has one specific reason,” retired military man, Mohammed Kartan explains. “Anbar wants to maintain the border crossing with its Sunni environment, specifically the Gulf, and Karbala and Najaf want to impose their control and influence to isolate Sunni elements from their support in the Gulf. “Whoever controls the Jdaidet Arar border crossing and the Nukhayb district controls important transportation routes between Iraq and Syria that were created when the Islamic State group occupied most of the cities of the Anbar province. These routes were created in an attempt to find alternative ways to bring financial and logistical support to Syria without having to pass through extremist-occupied areas.” The reopening of the border crossing could serve as an important outlet for Iraqi and Saudi trade, but it is a painful economic blow to Iranian trade, which heavily and directly depends on the Iraqi market. Kareem al-Nouri, a leader of the popular crowd forces, told NIQASH that “if we assume good intentions on the part of Saudi Arabia, the decision to resume business permanently at the Arar border crossing is a good and useful decision which restores relations between Iraq and Saudi Arabia. However, we believe that the decision is of a political nature and its timing is not appropriate, especially with the US sanctions on Iran.” “The opening of the border crossing, which is located in a sensitive and important city that is still categorised as a disputed area, could trigger a real crisis that may evolve into a conflict,” al-Nouri said. “Announcing the opening of the border crossing at this time is not a popular decision and it should be reconsidered.” Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 26 view(s)
  • Investors Iraq News's Avatar
    Today, 04:00 AM
    DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of USD 289 million which were up 83 percent from the same period last year. The Company also reported a net profit of USD 61 million and free cash flow of USD 142 million during the first half of the year. “With growing production and robust and reliable revenues, the dividend announcement underscores confidence in our strong growth prospects,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani (pictured). “Kurdistan is back and so is DNO,” he added. The Company continues to ramp up activity in the Kurdistan region of Iraq, where fast track development of the Peshkabir field is expected to boost output by another 15,000 barrels of oil per day (bopd) to 50,000 bopd by yearend. The Company, the most active driller in Kurdistan, has three rigs operating across its licenses with a fourth to be added next month. Two rigs will be active at the flagship Tawke field to reverse natural field decline through workovers and the drilling of two wells in the main Cretaceous reservoir and two wells in the shallow Jeribe reservoir. Operations will commence at the Baeshiqa license with another rig to be mobilized to spud the first well in September as part of a back-to-back, three-well exploration program. DNO acquired a 32 percent interest in and operatorship of the Baeshiqa license last year, joining ExxonMobil (32 percent), the Turkish Energy Company (16 percent) and the Kurdistan Regional Government (20 percent). At Peshkabir, the fourth rig will spud Peshkabir-8 in 10 days followed by Peshkabir-9 in October. Early production and successful appraisal have raised previous field proven (1P) and proven and probable (2P) reserves. Two newly completed wells, Peshkabir-6 and Peshkabir-7, will commence testing by the end of this month before being placed on production. Peshkabir-6 is key to unlocking further Cretaceous and Triassic reserves. “Peshkabir is proving prolific in production and has generated over USD 300 million in gross revenue since startup last year or three times the investment,” said Mr. Mossavar-Rahmani. Elsewhere, DNO recently completed the sale of its Tunisia assets and relinquished Block SL18 in Somaliland as part of the Company’s ongoing rationalization of its portfolio through divestment of non-core assets and focus on expanding operations in Kurdistan and Norway. Offshore Norway, the Company recently added six new exploration licenses for a total of 21 licenses and plans to participate in one exploration well in the fall, followed by at least five wells next year. DNO retains indirect interests in North Sea assets through its 28.23 percent strategic stake in Faroe Petroleum plc and, given the size of its shareholding, will request seats on the board and has asked for an extraordinary general meeting to be called for this purpose. DNO exited the second quarter with a cash balance of USD 584 million in addition to USD 288 million in marketable securities and treasury shares. The Company’s outstanding bond debt stands at USD 600 million. The planned annual dividend distribution of NOK 434 million (USD 50 million equivalent), payable in two tranches, is subject to shareholder approval. To facilitate the distribution of the planned dividend, the DNO Board of Directors will convene an extraordinary general meeting on 13 September 2018 (i) to seek approval for payment of a dividend of NOK 0.2 per share in H2 2018 to be distributed to shareholders of record on 13 September 2018 (as registered in the VPS on 17 September 2018), and (ii) to seek authorization to approve an additional dividend payment of NOK 0.2 per share in H1 2019. (Source: DNO) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • Investors Iraq News's Avatar
    Today, 04:00 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Aug 2018). Note: ISX will be closed starting from Aug. 21, 2018 to Aug. 26, 2018 due to the religious holiday of Eid Al-Adha. The next session will be held on Monday, Aug. 27, 2018. Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD729 (.1.9%) / $779 (-2.3%) (weekly change) (-10.1% and -6.8% YTD change, respectively). The number of week traded shares was 22.1bn and the weekly trading volume was IQD8.9bn ($7.4 mn). ISX Company Announcements Chairman of Iraqi Securities Commission (ISC), Abdul Razzaq Al-Saadi, said during an interview with newspaper Al Sabah that the obstacles of the work of the Commission is the absence of a modern law that suits the international laws, so the Commission has worked to prepare a law for it, and has completed 85% of it. He stated that within six months the law will be completed and sent to the House of Representatives. He pointed out that this law allows the development of work and the adoption of new systems, most importantly corporate governance, which are the most important pillars to attract foreign investors. (ISC) The Central Bank of Iraq (CBI) has been awarded the ISO 9001: 2015 certification in the Quality Management System (LMS Certification) by the British LMS Certification. (CBI) Al-Zawraa for Financial Investment (VZAF) will hold an AGM* on Sep. 25, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of VZAF starting Sep. 20, 2018. Bank of Baghdad (BBOB) will hold an AGM* on Sep. 17, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of BBOB starting Sep. 11, 2018. Al -Hilal Industries (IHLI) will hold an AGM* on Sep. 9, 2018 to discuss and approve 2016 annual financial results. The company has been suspended from trading since Jul. 4, 2018 by an ISC decision. Modern Chemical Industries (IMCI) will hold an AGM* on Aug. 31, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of IMCI starting Aug. 28, 2018. Region Trade Bank for Investment and Finance (BTRB) will hold an AGM* on Aug. 29, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of BTRB starting Aug. 20, 2018. Iraqi Engineering Works (IIEW) will resume trading on Aug. 19, 2018 because the company fulfilled ISX request to disclose its 2017 annual financial results. Al-Khair Finacial Inv. (VKHF) will hold an AGM* on Aug. 28 to discuss and approve 2015 and 2016 annual financial results and to elect five new original and alternative BoDs. The company has been suspended since Jul. 6, 2017 by an ISC decision. Modern Sewing (IMOS) resumed trading on Aug. 13, 2018 after discussing and approving 2017 annual financial results and to distribute 15% cash dividend (IQD0.15 dividend per share, 3.2% dividend yield). ISX announced that Trust International Islamic Bank (BTRU), having a capital of IQD250 bn paid-in capital, has completed the listing procedures. BTRU started trading in the non-regular market starting Aug. 12, 2018. Cross Transactions: 18.7 bn shares of Al-Noor for Money Transfer Co. (MTNN) on Aug. 15, 2018, which represents 41.6% of MTNN capital. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • crazyfrank's Avatar
    Today, 12:21 AM
    ok now this is a new concept, that the 3044 address is actually this Al Wasata brokerage, what makes you say this?
    50 replies | 3445 view(s)
  • investindinar's Avatar
    Yesterday, 07:53 PM
    I've been trying to communicate with the Al Wasata and Al Warka folks for some time now, but somehow I can't help but get the feeling that there's some sort of disconnect between the two. Even though I've sent messages asking about the status of my request to have all of the shares held in proxy by Al Warka sent to ISX as per the original notification in January, I haven't received a clear answer about whether or not they were transferred, and what the new ISX registration number is. I've received a few messages from Mr. I, but his messages seem to indicate that all of my proxy shares were liquidated, and not transferred over to the ISX, and I was wondering how could that be if I submitted and sent everything they requested over to them on time? Al Wasata on the other hand, appears to be using the same '3044' address that Al Warka instructed everyone to use in relation to communicating back and forth regarding share transfers. I'm so confused at this point, this that I don't what to do or think except wait. Maybe we'll have a firm answer on the whereabouts of the proxy shares, when to start trading again and with whom, and when we can start making withdrawals from our accounts, in another year! I wonder if anyone else has had any luck finding out where their shares are after Al Warka announced they were liquidating shares if the proper paper work was not completed and submitted by the extended 30 day deadline? Has anyone in this forum had any luck in getting Al Warka to respond to the original request to have their proxy shares transferred and have they received a new ISX registration number with their shares transferred to the new ISX registry? Any information and/or responses to this issue would be greatly appreciated. investindinar
    50 replies | 3445 view(s)
  • crazyfrank's Avatar
    Yesterday, 03:41 PM
    Yes I would agree that is another very valid purpose for this imagery change on display. Additionally looking at the actual progression of the change, I tend to look behind the scenes of what has occurred. If I am reading too much into this let me know. As it was an sudden and immediate change, that they were motivated to make all of a sudden. As we all know the CBI is very deliberate on making any change. You can see that by the serial numbers of the imagery they chose to use for this display. If it had been a planned event they would have had on hand the initial "specimen" runs to use for this display, and they would have been very low serial numbers, for example they may have been s/n 0001 or such. What we do see are the higher serial numbers on display, as some are s/n 800 to s/n 1700. So I assume they did not plan for this imagery change. This to me indicates that they physically had this "specimen" version of the currency for some time now, and no longer physically have the lower serial numbers in their possession for such display uses any longer. They used what ever they had on hand at that moment in time. The lower serial numbers have already been issued out, and they continue to issue them out to banks for verification purposes. There is no way to see now what the most recent serial numbers are, but its safe to assume they are much higher now in the series run by now. So if this assumption is correct, then its good news in a way, as it may indicate they had already begun possibility preparing other banks (domestic or foreign) for ground level IQD currency negotiation, well prior to this new imagery display change activity.
    5 replies | 315 view(s)
  • dollarsign's Avatar
    Yesterday, 12:27 PM
    https://cbi.iq/news/view/820
    123 replies | 18905 view(s)
  • dollarsign's Avatar
    Yesterday, 12:25 PM
    . Extracting NSI files and sending them through theRTGS system and following up on their adjustments to maintain the continuity of the connection with the total system of real-time adjustments or any clearing and settlement system to be determined. Receipt of the net files of the participants' shares and subsequent reconciliation and settlement. ​$
    123 replies | 18905 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 04:04 AM
    By John Lee. A former under-secretary at Iraq’s Ministry of Finance has said that* ministry has said that US sanctions on Iran will impact trade activity between Iraq and Iran and, should they persist, they will damage Iraq’s economy. Fadhil Nabi told Rudaw: “America’s sanctions on Iran will have impact on trade exchange and activity between Iraq and Iran as there is sizeable trade between the two countries in terms of oil and gas.” According to the report, while countries are yet to sever trade ties, the impact is already being felt on Iran’s economy, with the rial rapidly losing value. More here. (Source: Rudaw) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 35 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 04:04 AM
    By John Lee. Iraq will reportedly reduce its visa charges for Iranian pilgrims later this year. According to the report from Associated Press, the reduction will only apply to pilgrims of the “Arbaeen,” the anniversary of the passage of 40 days after the death of Shiite Imam Hussein, the Prophet Muhammad’s grandson. Visas normally cost $40, but it was not reported what the new price will be. (Source: AP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 45 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 04:04 AM
    The Federal Republic of Germany supports joint Ministry of Interior and UNMAS training to respond to explosive hazardsThis week marked the beginning of a 75-day training course in Anbar jointly organized by the Ministry of Interior and the United Nations Mine Action Service (UNMAS). This course will be the first of its kind, with Iraqi Police instructors and UNMAS instructors working closely side-by-side to train local police in explosive ordnance disposal (EOD) and improvised explosive devices disposal (IEDD). Explosive hazards continue to pose a significant risk for people returning to their homes, as well as for the security services providing the initial response to the explosive threat. Displaced people who are returning to former battle areas are likely to encounter explosive hazards. One of the options available to them is to contact local police who, in turn, will be the first responders. The presence of trained local police contributes to a safer environment and mitigates the risks of casualties amongst returnees. “Explosive hazard clearance remains of the utmost importance in order to allow displaced people to return to their homes. Such clearances are a vital part of our stabilisation efforts” said Dr Cyrill Jean Nunn, Ambassador of Germany to Iraq. “Therefore Germany remains committed to supporting UNMAS in this important task.” “Capacity enhancement support to enable local police response to explosive hazards is critical for the re-establishment of rule of law in liberated areas” said. Mr. Pehr Lodhammar, UNMAS Senior Programme Manager. “Germany is a crucial partner for supporting explosive hazard management training and providing advice to the Government of Iraq.” The generous contribution of EUR 4.5 million from the Federal Republic of Germany allows UNMAS to provide training and advice to National Mine Action Authorities and the Ministry of Interior to mitigate the threat from explosive hazards. This also includes a dedicated Gender Advisor who is working with relevant stakeholders (implementing partners and authorities) to mainstream gender into Mine Action processes. UNMAS continues to train local police to provide life-saving first response in affected communities. Since January 2018, more than 370 police officers have been trained as first responders and 30 police officers are now able to train other police officers in Anbar and Kirkuk Governorates. The Federal Republic of Germany remains the largest contributor to UNMAS in Iraq, providing a total of EUR 44.2 million since 2016. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 45 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 02:24 AM
    Our beautiful Arab capital, Baghdad, is preparing to celebrate its new era. A few hours away from the big event is the opening of the Baghdad project, which will turn the squares of Baghdad into beautiful oases and bright and shining in order to restore joy and smile on the lips of our great Iraqi people. The various countries of the world are making use of success experiences in various areas of life. They were the basis for the social construction of their peoples and their economic and social development. The important reason for this was the emergence of successors and innovators in the economic, financial and social conditions and crises in their countries. They are doing exceptional, creative and intellectual efforts to serve their country and their people. And these successful experiments recorded their clear creations on the spread of happiness and well-being of their communities and they are now symbols of building and growth and economic development and civilization in Iraq and the most creative and national realists. The same steps of the success and creativity makers in the world especially as Iraq is currently going through economic and financial crises and humanity is in need of creative and intellectual at home and abroad, who proved their competence and patriotism and love for Iraq and its people. These men actually appeared to work to build Iraq again was the adoption of Professor Central Bank Governor The Iraqi Professor Ali Mohsen Al – Alaq and the Central Bank Administration invited the great musician Naseer Shamma in the Baghdad project and supported and supported by the Association of Iraqi private banks and its president, Wadih al – Hanal and funded by private Iraqi banks and one government bank and the adoption of the magazine The Ministers, in coordination with the Municipality of Baghdad and under the supervision of the Central Bank of Iraq, is a real beginning for the new development structure of Iraq after a great support, confidence and confidence in our original Iraqi creators and our Iraqi private banks because the new Iraq is for its sons only its nascent sons. Iraq News Source:
    142 replies | 21701 view(s)
  • Mo Dinar's Avatar
    08-15-2018, 11:30 PM
    Me thinks it is more of a anti-counterfeiting effort in case someone decides to 'screen print' with a color printer and pass them off!
    5 replies | 315 view(s)
  • crazyfrank's Avatar
    08-15-2018, 08:06 PM
    well something or somebody obviously pushed them into making these sudden updates/improvements, and its quite possible it may have something to do with that ISO 9000 certificate you posted yesterday.
    5 replies | 315 view(s)
  • Brazileiro's Avatar
    08-15-2018, 08:01 PM
    DONE! I managed to get the cert9.db file from my ff profile on my old laptop, copied it to my new ff profile and it created the exception. Good to go on FF again :)
    3 replies | 187 view(s)
  • Brazileiro's Avatar
    08-15-2018, 05:04 PM
    hey cf, I was able to create the "exception" in Edge but not in FireFox. Worked in chrome on old pc too but I haven't downloaded chrome on the new pc. I am trying to copy my old ff profile to my one drive and if that works I'll download it to my new pc and see if that does the trick,,,
    3 replies | 187 view(s)
  • crazyfrank's Avatar
    08-15-2018, 03:35 PM
    you might try "incognito" mode............. open google chrome type CTRL+SHIFT+N try to go to website again then in incognito mode
    3 replies | 187 view(s)
  • Wolverine's Avatar
    08-15-2018, 03:20 PM
    343 replies | 8964 view(s)
  • Investors Iraq News's Avatar
    08-15-2018, 04:23 AM
    Third Deloitte report on Oil and Gas Review in the Iraqi Kurdistan Region, with newly added disclosures on local sales – Q1 of 2018New verified data on the Kurdistan Region’s oil exports, consumption and revenues have been published, covering the period from 1 January 2018 to 31 March 2018, after a review of the sector by the international “Big 4” audit and consulting firm, Deloitte. As promised in the last press release with the issuance of the second report in August 2018, apart from enhanced disclosures on the cash flow reconciliation and disaggregate monthly prices realised during the period; a new section on local sales has been included, identifying crude oil sold locally and average price realised. The Regional Council of Oil and Gas Affairs will continue working to enhance the reporting disclosure based on the feedback received from stakeholders. The Regional Council for Oil and Gas Affairs acknowledges the positive feedback received from stakeholders, including the international community, and reiterates its commitment to the people of Kurdistan that the two international audit firms, Deloitte and Ernst & Young, will continue to independently review the oil and gas sector, inclusive of all the streams. The Regional Council of Oil and Gas Affairs expects the release of the fourth report covering oil exports, consumption and revenues for second quarter of 2018 (1 April to 30 June) in the near future. Deloitte’s report for the first three months of 2018 is accessible through this link (PDF), in Kurdish, Arabic and English. Frequently asked questions handbook (PDF) in Kurdish, Arabic and English to help readers better understand different sections of the report. (Source: KRG) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 50 view(s)
  • Investors Iraq News's Avatar
    08-15-2018, 04:23 AM
    Defeat-ISIS Forces Make Progress, Require Continued Coalition SupportForces battling the Islamic State of Iraq and Syria continue to make progress. However, the environment in Iraq and Syria is complex and the defeat-ISIS forces require continued support, coalition officials said today. Army Col. Sean Ryan, the spokesman for Operation Inherent Resolve, spoke to Pentagon reporters about progress being made against the Islamic State of Iraq and Syria. He spoke via satellite from Baghdad. “In Iraq, operations continue to secure areas across the country, as Iraq security forces locate, identify and destroying ISIS remnants,” Ryan said. “Last week alone, … operations across Iraq have resulted in the arrest of more than 50 suspected terrorists and the removal of 500 pounds of improvised explosive devices.” Progress in Iraq’s Anbar Province Iraqi forces are moving in Anbar province, in the Hamrin Mountains and Samarra. Reconstruction efforts are ongoing with roads reopening in the north. Iraqi engineers “cleaned the main road between Salahuddin and Samarra of IEDs, making travel safer between the two cities,” he said. In the Baghdad area, the ISF established central service coordination cells, a program designed to use military resources to enable local communities to restore basic infrastructure and services. “Initial efforts by the coordination cells include trash collection, road openings, maintenance of water facilities,” Ryan said. Syrian Democratic Forces are preparing for the final assault on ISIS in the Middle Euphrates River Valley. The SDF is reinforcing checkpoints and refining blocking positions ahead of clearance operations in Hajin, Ryan said. Military Operations, Reconstruction in Syria In Syria, too, reconstruction efforts go hand in hand with military operations. “In Raqqa, the internal security forces have destroyed more than 30 caches containing 500 pounds of explosives discovered during the clearance operations in the past weeks,” the colonel said. ISIS remains a concern in both countries, the colonel said. “Make no mistake: The coalition is not talking victory or taking our foot off the gas in working with our partners,” he said. Defeating ISIS, he said, will require a long-term effort. “We cannot emphasize enough that the threat of losing the gains we have made is real, especially if we are not able to give the people a viable alternative to the ISIS problem,” Ryan said. “We continue to call on the international community to step up and ensure that conditions that gave rise to ISIS no longer exist in both Syria and Iraq.” (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 58 view(s)
  • Investors Iraq News's Avatar
    08-15-2018, 04:23 AM
    By John Lee. During his official visit to Turkey, Prime Minister Haider Al Abadi has underscored the importance of cooperation between Iraq and all neighbouring countries for the peace and security of the people of the region. His statement can be viewed here: (Source: Govt of Iraq) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 66 view(s)
  • Brazileiro's Avatar
    08-14-2018, 07:17 PM
    I had a security exception in FireFox unfortunately my laptop crashed and I had get a new one. Firefox 61.0.2 won't let me create a security exception though. Anyone have an idea? I was able to create the exception in edge and will probably be able to in chrome, but I use FF for everything. Any ideas/help is appreciated,,,
    3 replies | 187 view(s)
  • dollarsign's Avatar
    08-14-2018, 03:07 PM
    ​$
    123 replies | 18905 view(s)
  • Investors Iraq News's Avatar
    08-14-2018, 05:53 AM
    Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two oil processing trains, able to process 200 kbopd. Petrofac was previously awarded a contract in 2011 and delivered engineering, procurement and construction management for the execution and completion of the existing CPF at Majnoon. Elie Lahoud, Group Managing Director, Engineering & Construction – Iraq, Oman and Saudi Arabia, commented: “We have developed a significant track record in Iraq with enhanced local delivery, successfully providing services both onshore and offshore since 2010. This important contract win demonstrates Petrofac’s long-lasting client relationships and our ongoing commitment to extending our operations in this key market that complements our broad service capabilities, international experience and expertise.” (Source: Petrofac) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 67 view(s)
  • Investors Iraq News's Avatar
    08-14-2018, 05:53 AM
    Jordanian Prime Minister, Omar Razzaz, on Monday met with Iraqi Defence Minister, Irfan Hayali, to discuss the Jordanian-Iraqi relations. Razzaz underlined the depth of the historic Jordanian-Iraqi relations and the keenness to enhance joint cooperation to serve the interests of both countries and their peoples. The premier also pointed to the directives of His Majesty King Abdullah II to increase cooperation and integration between the two countries. Hayali conveyed the greetings of Iraqi Prime Minister, Haider al-Abadi, to the prime minister as well as his keenness to cooperate in all civil and military fields. He pointed to the importance of the agreement signed yesterday between the two countries on military and security cooperation, exchange of expertise and information in the field of border protection, capacity development, and combating terrorism. The meeting also dealt with the Turaibeel border crossing and the need to focus on promoting trade and investment exchange and establishing a joint industrial zone near the border between the two countries. (Source: Petra) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 71 view(s)
  • Investors Iraq News's Avatar
    08-14-2018, 05:53 AM
    Prime Minister Nechirvan Barzani received the new Consul General of Germany to the Kurdistan Region, Ms. Barbara Wolf and her accompanying delegation. In the meeting, which was also attended by Kurdistan Regional Government’s representative in Germany, Mr. Dilshad Barzani, Consul General Wolf thanked the KRG for its assistance to the German Consulate General in Erbil. She stressed further developing bilateral relations and cooperation with the Kurdistan Region. She reiterated the continuation of humanitarian and military assistance, provided by Germany to the Kurdistan Region. She also stressed encouraging German companies to invest in the Region. Prime Minister Barzani congratulated Consul General Wolf for her new position and wished her success in her duties. He thanked the German government for its humanitarian and military support to the Kurdistan Region, particularly in the field of the reform of the Ministry of Peshmerga Affairs. He expressed his government’s desire to further strengthening bilateral relations. The formation of the new Iraqi government and the developments in the wider region were also discussed in the meeting. (Source: KRG) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 70 view(s)
  • Investors Iraq News's Avatar
    08-14-2018, 03:52 AM
    By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.* Will Riyadh-Tehran rivalry kill Iraqi Kurdistan’s investment drive? Iraqi Kurdistan,*facing*an*acute financial crisis, has a newfound opportunity to attract desperately needed foreign investment from*Saudi*Arabia, but regional tensions between Tehran*and Riyadh could hamper its*efforts. A large Saudi trade delegation led by Sami Bin Abdullah al-Obeidi, chairperson of the Council of Saudi Chambers, and accompanied by the Saudi ambassador to Iraq and the consul general to Erbil, visited the Iraqi Kurdistan Region July 23-25, meeting*with business leaders and government officials, including Prime Minister Nechirvan*Barzani, to explore economic opportunities in the energy, agricultural, industry and tourism sectors. Although no agreements were signed, the parties agreed to work toward*expanding economic relations, as Saudi Arabia plans to establish a direct trade link from its Arar border crossing into Anbar province and on to the Kurdistan region. Click here to read more. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    08-13-2018, 08:31 AM
    By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Below is the full Arabic text and source of what was reportedly said by Abdul Alal AL-Yassiry, the Chairman of the Iraqi Centre for Economic and Investment Consultation in Karbala. What prompts me to write this commentary is only the inaccuracy of data and information he cited regarding SOMO. In other words I am not defending SOMO; its staff can and should defend themselves. Also, I am not discussing here the corruption issue, which undoubtedly and emphatically plaguing Iraq, particularly by the political parties and provincial councils; these can be discussed separately. I will provide what he says then make my comment. First; He says “SOMO sales 4 million barrels daily-4mbd”! Official data does not support this assertion at all; oil exports by SOMO during the last ten years increased from 1.879 mbd during July 2008 to 3.543 mbd in July 2018. Hence, his figure is absolutely incorrect. Second; He also says “SOMO sales oil to the companies at $10 discount of the bourse price; this is called commission”. This is also incorrect for the following reasons; SOMO does not sale all its oil through bourse (stock exchange) or according to bourse prices; however, SOMO sold a few shipments, of 2 million barrels each, through Dubai Mercantile Exchange-DME auctions since April 2017; SOMO’s marketing procedure and modality is primarily based on annually arranged “Term Contract” and the monthly export price is decided by a ministerial committee using at least three pricing equations for the three major market destinations (North America, Europe and east Asia) with different marker crudes taking into consideration the quality of the crude (API) and, specifically, sulphur contents; I have been following SOMO for years and never observed such discounts or “commission” of $10 a barrel! Between January 2016 and June 2017 oil export price for a barrel ranged between $22.21 and $42.2; can anyone believe or imagen that SOMO gives 45% and 23.7% of its officially adopted and declared price that easy without causing devastating outcry against it and the Ministry of Oil!!! Third; in his explanation or justification for this “commission” it “compensates loading loses and what is known vaporisation” Actual loading of oil into the tanker is rather rigorous operation done in the presence of the “measurement committee” and after issuing at least 13 different certificates; then SOC/now Basra Oil Company-BOC submits all these certificates to SOMO before loading oil to the tanker takes place. Nothing in these certificates refers to vaporisation that justifies such huge discount or commission. Moreover, neither oil chemistry nor different metering instruments support his claims. Fourth; Then he asserts, “What is important, these companies came through the political parties” According to Iraqi and international data the annual number of companies that buy Iraqi oil- international oil buyers-IOBs during the last 15 years ranges between 34 to 45 IOBs. Most of these IOBs are well known and many of them were also SOMO’ clients well prior to 2003. Therefore, to claim that these IOBs came through the political parties is, apart from been erroneous, it elevates the international networking and impacts of these political parties, which is laughable, but, more seriously, accuse these IOBs with “collusion”, which renders him subject to legal action. Moreover, all IEITI annual reports (prepared by different international specialised firms) provide, among others, reconciliation of oil export revenues paid by IOBs, received by SOMO and deposited in a New York bank, and provide explanation of any discrepancies over small “materiality threshold”. None of these reports provide any information supportive of his allegations. Fifth; He alleged that, “the political parties take $2 a barrel from that commission while the companies keep the $8” But he did not explain or tell: When, where and how this 2:8 split of the commission was agreed between all political parties and all IOBs; Was SOMO involved in that agreement? Oil exports occur through many shipments to each IOB for each year, so what are the modalities each political party uses to secure its share from the commission for each shipment? What are the modalities for actual payments from each IOB to each political party; to which banks these payments were transferred and deposited and what are the material evidences for such payments etc.? How come there was no discrepancy in distributing that commission as if all political parties and all IOBs work in perfect harmony!! From and based on the above comments I conclude: His knowledge and understanding of oil export system need serious revision and improvement; Allegations he made are very serious indeed and without strong, emphatic evidence, he could face legal action by SOMO/Ministry of Oil, each political party and each IOB; As he is the chairman of a consulting centre, what he had said undermines, damage and tarnish the credibility, objectivity and professionalism of his centre. Ahmed Mousa Jiyad, Iraq/ Development Consultancy & Research, Norway. 12 August 2018 —————– 11-08-2018**23:57**0**1102 ??????? ????? :???? ?????? ????? ?????? ??????? ??? ?????????? ???? ?????? ??????? ?????????? ?????????? ???????????? ?? ?????? ?? ????? ???? ?????? ?????? ????????? ?? ????? ??????* ????? ??? ???? ?? ??????? ???? ????????* ????? ??????* ?? ????? ??????? ?????? ?????* ?????* ?? ?????????? ?? ?? ??? ?????? ??????? ??????? ???????? ????? ???? ?? ??? ??? ?? ?? ????. ??? ??? ????? ??????? ?????? ??? ??????? ?????? ???????? ?? ???? ??????? ????????? ???? ?????? ????? ??* ” ?? ??????? ????? ????? ????? ??? ?????? ?????? ????? ??????? ??????? ?? ??????? ??? ???? ????? ?? ??? ??? ??? ????? ????? ???? ??? ??? ????? ?? ??? ??? ???? ?????? ???????? ??? ???? ??? ??? ??????? ?????? ????? ??? ???? ??????? ?? ? ??? ? ????? ????? ?????!!! ?? ??? ????? ????? ????? ??? ??? ?? ??? ????? ????? ????? ?? ??? ??? ?????? ?????” , ???? ?? ??????? ???????? ?????? ??????. ????? ???? ??? ??? ???? ???? ????? ????? ???? ????? ? ????? ????? ??? ??????? ??? ??? ??????? ???? ?? ????? ?? ?????? ???? ???????? ?? ???? ???? ??????? ?????? ???????? ????? ??????? ??? ???? ???????.????? ??? ??????? ???? ?? ???? ????? ?????? ??? ?????? ??????? ?? ??????? ?? ??? ??????? ??? ?????? ??? ???? ????? ????? ? ??????? ?????? ????? ?$×? ????? ????? =? ????? ????? ????? ??????? ???????. ?????? ??????? ???? ??? ???? ???? ???? ???? ?????? ?????? ????? ????? ” ?? ?? ????? ?? ????? ????????? ?? ?????? ??????? ??????? ??? ??? ???? ?????? ??? ????? ??? ??????? ???? ??? ???? ?? ??? ?? ???? ??????? ???? ???????“. ????? ??????? http://www.non14.net/102748/ Mr Jiyad is an independent development consultant, scholar and Associate with the former Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya(at)online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here. Source: Iraq-BusinessNews.com. Post your commentary below.
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