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  • Investors Iraq News's Avatar
    Today, 03:54 AM
    ShaMaran Petroleum Corporation refers to the agreement announced on June 4, 2018 whereby the Company’s wholly owned subsidiary, General Exploration Partners, Inc. (“GEP”), agreed in a sale and purchase agreement (the “SPA”) with Marathon Oil KDV B.V. (“MOKDV”) ,a wholly owned subsidiary of Marathon Oil Corporation (“Marathon”), to acquire from MOKDV a further 15% working interest in the Atrush Block Production Sharing Contract in the Kurdistan Region of Iraq (“the Acquisition”). The underlying agreements governing the development and operation of the Atrush block require that both the Minister of Natural Resources of the Kurdistan Governmental Authority (“MNR”) as well as TAQA Atrush BV (“TAQA”), the other owner of a participating interest in, and the operator of, the Atrush block, consent to the assignment of the participating interest from MOKDV to GEP. At the time, the MNR gave assurance of providing its consent to the assignment, however, TAQA unreasonably refused to provide its consent to the Acquisition. As a result of TAQA’s unreasonable refusal to provide consent, Marathon re-issued an offer to acquire MOKDV, a corporate transaction which does not require TAQA consent, with the result being that the Company is now engaged in a new bidding process for the Marathon interest in the Atrush block. There is no assurance that any offer by the Company or GEP, if submitted, will result in the acquisition of the increased interest in the Atrush block. In the meantime, the Company is reviewing all available options. (Source: ShaMaran) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 7 view(s)
  • Investors Iraq News's Avatar
    Today, 03:54 AM
    Iraq has emerged as Iran’s top export destination in the current Iranian year, an official announced. The director of the export bureau of Iran’s Customs Office, Ali Akbar Shadmani, said the value of the country’s exports since the beginning of the current Iranian year (March 21, 2018) has surpassed $30 billion, with Iraq being the top export destination. He said the value of exports has risen by 12.5 percent compared to the corresponding period last year. Iraq has imported 21 percent of the Iranian commodities this year in terms of value, worth $6.607 billion, he noted. The main goods exported to Iraq include natural gas, steel bars, oils and bitumen, home appliances, and agricultural products, the official added. President of Iraq Barham Salih visited Tehran on Saturday with a ranking delegation for a series of political and economic talks. After high-profile talks between the Iranian and Iraqi delegations, Iranian President Hassan Rouhani said the two neighbors can increase their annual trade from the current $12 billion to $20 billion. Rouhani also noted that the two sides discussed ways for cooperation in the energy, power and oil industry, including the extraction of petroleum, and a plan to connect the two countries’ railroad networks. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 5 view(s)
  • Investors Iraq News's Avatar
    Today, 03:54 AM
    The Qishla and Citadel of Kirkuk, two cultural heritage sites symbolising the area’s rich multicultural history but buffeted by time and conflicts, are in desperate need of restoration to preserve them for future generations. In line with UN support for the country’s diversity and preservation of its historical sites as symbols that boost reconciliation and coexistence, the Deputy Special Representative for Iraq of the UN Secretary-General, Ms. Alice Walpole, led a team from the UN family in Iraq comprising UNESCO, UNAMI and UN Development Coordination Office on visits to the sites on 05 November 2018 to assess the structures and explore ways to assist in the restoration work. Built in 1863 as the winter headquarters for the Ottoman Army garrison, the Qishla is in a state of near collapse today, leading to serious concerns that if not stabilized the remaining structure could soon fall down. The Citadel is the oldest part of Kirkuk, built in 884 BC as a defensive wall 18 metres high. Later, towers were added and the Citadel evolved as the heart of the city, with a 1,000-year old minaret and the Red Church. Dr. Iyad Tariq, Director of the Department for Antiquities and Heritage in Kirkuk, grew up on the Citadel. Dr. Tariq remembers how when he was a young boy the Citadel was the center of town. It was home to 850 families, a school, two mosques, minarets, a church, monuments, restaurants, cafes, recreational areas and a bustling market. With support from UNESCO and the international community, the Citadel can be restored to its former glory, Dr. Tariq said. The Head of the UN Development Coordination Office in Kirkuk, Mr. Martijn Dalhuijsen, says that the Citadel exemplifies the multi-cultural society of Kirkuk. The citadel contains Arabic, Christian, Islamic, Jewish, Kurdish, Seljuk, Turkish and Turkmen moments. Just like the Forum in Rome, it would be a valuable symbol of reconciliation and recovery to restore in the heart of the diverse City of Kirkuk. Restoration would also create many new job opportunities for artisans and craftsmen, construction workers, while boosting tourism, religious pilgrimage, and instill a sense of pride for Kirkukis after the liberation of parts of the Governorate from Da’esh terrorists. Prior to visiting the sites, meetings were held between Giovanni Fontana, an architect from UNESCO who specializes in historic preservation, and Sami Al-Khoja, a Cultural Programme Officer who worked on the restoration of the Citadel in Erbil. Supporting the assessment visit were H.E. Mr. Rakan Al-Jabouri, Acting Governor of Kirkuk, Dr. Tariq of the Department of Culture, and Colonel Wisam Abdullah of the Kirkuk Antiquities Police. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 7 view(s)
  • Investors Iraq News's Avatar
    Today, 03:54 AM
    By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.* The Iraqi parliament lifted the freeze on the Independent High Electoral Commission (IHEC) Nov. 10, over two weeks after provincial elections were scheduled to be held. Now, the fate of the provincial councils is once again*at the center of debate in Iraq. Parliament formed a commission on May 12 to investigate suspicions of fraud in the general elections.*The IHEC’s work was frozen and placed*under the tutelage of the judiciary. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 8 view(s)
  • Investors Iraq News's Avatar
    Today, 03:54 AM
    Deep inequality continues to shape the lives of children in IraqA comprehensive survey on children’s wellbeing in Iraq released today found that conflict and inequality remain defining features of childhood. A majority of poor children are not receiving any form of government assistance. Even as the fighting has subsided, 80 per cent of all children experience violence at home or in school. While almost all children (92 per cent) are enrolled in primary school, just over half of children from poorer backgrounds complete their primary education. The gap widens in upper secondary school, where less than a quarter of poor children graduate, compared to three-quarters of children from wealthier backgrounds. Children’s education needs in Iraq are vast: half of all public schools in the country require rehabilitation and one in three schools run multiple shifts, squeezing children’s learning time. The five governorates with the lowest school enrollment and attendance rates are concentrated in the country’s southern governorates which remain its poorest, and in Anbar and Ninawa – the two governorates that have borne the brunt of the violence of the last few years. Attending school regularly is an essential part of healing for the more than 1 million children estimated to require psychosocial support to cope with the invisible wounds of war. “The data is the clearest indication yet that the most vulnerable children in Iraq are the ones that are most likely to fall behind,” said Peter Hawkins, UNICEF Representative in Iraq. “The hard-won gains to end the conflict in Iraq and transition to a stable future could be lost without additional investments for all children to reach their full potential.” Iraq has made notable progress on newborn and child health, including maintaining high levels of assisted births and reducing the number of children who die in their first month of life from 20 deaths per 1000 live births to 14 since the last survey was conducted in 2011. But the challenges arise soon after birth: Only 4 out of 10 of children are fully vaccinated, with the poorest children missing out the most. Half of all Iraqi households are at risk of drinking contaminated water and less than 40 per cent of the population has access to drinking water at home, placing children at grave risk of waterborne diseases. “As Iraq moves past the violence of the last few years and forges a new path for itself, it must prioritize the wellbeing of all children,” said Hawkins. “Children are the future of this country, and a growing gap between the haves and the have-nots sows discord and is detrimental for children and for Iraq. With the right commitment and the right policies in place, the Government of Iraq can make a difference.” To maintain Iraq’s recent gains and protect the rights of all children, UNICEF calls on the Government of Iraq to invest in services that directly benefit those children affected by conflict and poverty, and to work towards putting an end to all forms of violence against children. (Source: UNICEF) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 7 view(s)
  • calstar's Avatar
    Today, 03:27 AM
    calstar replied to a thread Warka Password in Iraqi Bank Accounts
    I send the email using msn.com at saturday 1:30 am est Baghdad time sunday 08:30 am. It was a one day response.
    6 replies | 263 view(s)
  • BatmaninIraq's Avatar
    Today, 02:46 AM
    No WARKA no RV
    170 replies | 29195 view(s)
  • crazyfrank's Avatar
    Yesterday, 09:07 PM
    well its about time hee hee...........Congrats calstar !!! can you add a bit more detail on how you did it by answering a few questions? you report it took 3 days for them to respond, was that over a weekend or just 3 normal working days? what e-mail address did you send the request to at warka? what e mail address did the response come from warka with news? did you use your original e-mail server to send the request in? or did you have to create a newer e-mail address/server to get through to them? this kind of recent activity and your reply's here may help others who are still trying to get them to respond.
    6 replies | 263 view(s)
  • Will-it-happen?'s Avatar
    Yesterday, 08:36 PM
    So, it will happen
    170 replies | 29195 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 08:20 PM
    Central Bank reveals to "NAS" details of the project "Structuring the currency" Monday 19 November 2018 Baghdad - Nas The Central Bank of Iraq revealed on Monday details of the project "Structuring the currency", which aims to delete 3 zeros, to facilitate the circulation of currency. "The currency structuring project, when it was first floated, faced many objections. It was postponed to be launched again in 2014 and started to be implemented," said Abdulkarim Hassan, general manager of the issue and treasury, in an interview with NAS today (November 19, 2018). A new reason to postpone it. " Hassan explained that "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars." He pointed out that "the project allows the printing of new categories of dinar and half dinars down to deal with the bank." ]He stressed that "the idea is integrated and there is a comprehensive study and the project does not need to apply," stressing that "this project must be implemented despite the obstacles that led to the postponement.
    170 replies | 29195 view(s)
  • calstar's Avatar
    Yesterday, 05:10 PM
    calstar replied to a thread Warka Password in Iraqi Bank Accounts
    I finally got my password! The expiration 11/19. It took about two days for them about 2 days to answer. :)
    6 replies | 263 view(s)
  • dollarsign's Avatar
    Yesterday, 11:40 AM
    From pg. 14 of this thread... 9/22/18 European Commission President Jean-Claude Juncker called on Wednesday for the European Union to promote the euro as a global currency to challenge the U.S. dollar. “We must do more to allow our single currency to play its full role on the international scene,” Juncker told the European Parliament in Strasbourg as he presented his annual program. “It is absurd that Europe pays for 80 percent of its energy import bill – worth 300 billion euros a year – in U.S. dollars when only roughly 2 percent of our energy imports come from the United States,” he said. “It is absurd that European companies buy European planes in dollars instead of euro,” he added. While Norway prices its substantial supplies to the EU in euros, an EU official said, other countries use dollars. Among the most important of these are Gulf states and Russia. (now we all see putins driving need to money launder, and find accomplices. No one wants his rubles). Now, the Special Purpose Vehicle... The SPV was conceived as a clearing house that could be used to help match Iranian oil and gas exports against purchases of EU goods, circumventing the U.S. sanctions, which are based on the global use of the dollar for oil trade. The EU wanted to have the SPV set up by this month, but no country has offered to host it, six diplomats told Reuters last week. The European Union, France, Germany, Britain, Russia and China, participants with the United States in the 2015 deal that lifted sanctions on Iran in exchange for curbs on its nuclear program, have been trying to find ways to circumvent the U.S. limitations. In particular, the EU has been trying to establish a Special Purpose Vehicle (SPV) for non-dollar trade with Iran. they are GREEN with ENVY over the Dollar's role in global trade. I stay far away from politics, but they should really be focusing on this. In some agency I'm sure they are, but it would feel better if they let us know that. $
    180 replies | 30879 view(s)
  • Will-it-happen?'s Avatar
    Yesterday, 10:21 AM
    Looks good for iqd
    1 replies | 72 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:58 AM
    By Ahmed Tabaqchali, for 1001 Iraqi Thoughts. The proposed budget law, prepared by the prior government and adopted by the current one (with some minor revisions), resembles the ongoing negotiations on completing the formation of the government. Just as the participants in these negotiations had left behind the pretence of responding to popular demands and are engaged in a replay of the prior squabbles over the spoils of war. This budget too is a replay of the prior budgets and a continuation of the old rentier state practices and socialist policies. For both cases, the old Iraqi saying “???? ????? ??????? ???????” or “Halima has gone back to her old ways” is an apt depiction. Click here to read the full article. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 27 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 AM
    UN-Habitat and UNESCO presented the Initial Planning Framework for Reconstruction of Mosul On 15 November 2018, the United Nations Human Settlements Programme (UN-Habitat) and the United Nations Educational, Scientific and Cultural Organization (UNESCO) presented the Initial Planning Framework for the Reconstruction of Mosul, offering perspectives on how to ‘Build Back Better’ the city for the people of Mosul. Over 100 participants from the local government, private sector, civil society organizations and the United Nations agencies gathered at the Ninewa Governor’s office to discuss the priorities and recommendations for the reconstruction of Mosul, with special attention to the Old City. The event highlighted the complex challenges ensuring a fast reconstruction, while protecting the heritage and historical characteristics of the Old City. It also touched upon the problems that wider Mosul is currently facing in the housing sector and the urgent need to support vulnerable returnees whose houses were completely destroyed, which continues to be a major obstacle for the return of internally displaced persons in camps to Mosul. H.E. Mr. Nawfal Al Sultan, Governor of Ninewa, noted the prominent role of the United Nations agencies in the reconstruction of Mosul, and reiterated the importance of collaboration between the government offices, the United Nations agencies and the people of Mosul. He also expressed his hope that Ninewa will be built back better, asking for continuous support from the international community. Ms. Marta Ruedas, Deputy Special Representative of the Secretary-General and United Nations Resident and Humanitarian Coordinator, explained that the Framework provides a holistic and integrated approach for the reconstruction of Mosul, noting that the top priority is to protect heritage sites in the Old City from further damage as analysed and recommended in the Framework. Both H.E. Mr. Nawfal Al Sultan and Ms. Marta Ruedas called for setting up a specialised committee to follow up on and ensure that the actions recommended in the Framework are endorsed by the relevant authorities and implemented in a timely manner. After gathering comments and feedback, the Framework will be finalized and distributed to key stakeholders, including national and local government counterparts, representatives of civil society, the private sector and the community, United Nations agencies and donors. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 AM
    Iranian ambassador to Baghdad said Iran and Iraq are weighing plans to eliminate US dollar in trade transactions and also lift visa requirements for citizens of the two countries. Speaking at a TV program on Saturday night, Iraj Masjedi said Tehran and Baghdad are considering plans to use Iraqi dinar for trade transactions or develop barter trade considering the banking problems caused by the US sanctions on Iran. He also voiced Iran’s willingness to remove visa restrictions for travels between the two countries, saying the idea of lifting visa requirements for merchants and business people was discussed during Iraqi President Barham Salih’s Saturday visit to Tehran. Masjedi highlighted the ample opportunities available for the Iranian business sector available in the Iraqi market, saying the Baghdad government welcomes foreign investments. “The government of Iraq is seeking foreign investment in the economic field, and has now offered 1,200 projects worth $100 billion,” the ambassador added. He assured Iranian investors of improving security in Iraq, saying the security conditions in the Arab country’s inland and border regions have been getting better since the defeat of the Daesh (ISIL) terrorist group. The Iraqi president visited Tehran on Saturday with a ranking delegation for a series of political and economic talks. After high-profile talks between the Iranian and Iraqi delegations, Iranian President Hassan Rouhani said the two neighbors can increase their annual trade from the current $12 billion to $20 billion. Rouhani also noted that the two sides discussed ways for cooperation in the energy, power and oil industry, including the extraction of petroleum, and a plan to connect the two countries’ railroad networks. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    1 replies | 72 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 AM
    By Glada Lahn and Nouar Shamout, for Chatham House. Violent protests erupted in Basra this summer in response to the deterioration of public services. At the centre of the unrest is a water supply crisis which Iraq can only solve with regional and international cooperation. In August, frustrations over crippled public services, drought and unemployment in Al-Basra governorate boiled over. The acute cause was a water contamination crisis. By the end of October, hospital admissions of those suffering from poisoning exceeded*100,000 according to health officials. Crops and animals in the rural areas have been severely affected*by lack of water and current levels of salinity, with thousands migrating to Basra city. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 AM
    Ministry of Interior officially inaugurates the Local Police Service Road MapOn 12 November 2018 Lt. Gen. Moafaq Abdulhadi Tawfik, Deputy Minister for Police Affairs Agency officially inaugurated the Local Police Service Road Map of Iraq at the Ministry of Interior, in a ceremony held in the Agency headquarters in Baghdad. The overall objectives of the Road Map are firstly to put in place transition security arrangements from Iraqi Security Forces to Local Police in post – ISIL Iraq and, to develop a framework with specific emphasis on maintaining trust between Iraqi Local Police Service and the public, as well as to foster collaborative partnerships between the police and other agencies of the Criminal Justice System. The Local Police Service Road Map therefore, provides a strategy to transition the country from a military oriented focus on security to one of civil security authority in local security matters and, it prioritizes the following Police Core -Functions: Security and Protection Management Crime Management Traffic Enforcement Management Improving Effectiveness of Local Police Service (IELP), and Community Policing. Furthermore, the Road Map also highlights six crosscutting supporting functions: Finance Human Resources (HR) Training Equipment Infrastructure, and Information and Communication Technology (ICT). Ministry of Interior appointed Committee of senior officials with strategic advice and assistance from UNDP Iraq developed the Road Map. Lt. Gen. Moafaq Abdulhadi Tawfik, Deputy Minister for Police Affairs Agency said: “I extend my sincere gratitude and thanks to the Road Map Committee for their exceptional work in developing this important document that will guide the Local Police Service in Post- ISIL Iraq. “The Road Map is timely and it complements directly to the New Government Programme’s vision to transition of internal security to Local Police. On behalf of the Police Affairs Agency and the Ministry of Interior I also extend my sincere thanks to UNDP for its advice and assistance in this important work.“ UNDP Acting Country Director Gerardo Noto added: “…improving Local Police Service is an identified key priority within the Government of Iraq’s ongoing Security Sector Reform Programme under the system priority Criminal Justice and Law Enforcement that is supported by UNDP and International Partners. “Therefore the successful implementation of the Local Police Service Road Map will be a critical milestone in restoring public security services, rule of law and sustainable peace in Iraq.* UNDP will continue to facilitate advice and assistance to the Police Affairs Agency and Ministry of Interior in this critical work in the coming months.“ UNDP is grateful to Germany for its generous funding to carry out this important work in Iraq. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 29 view(s)
  • BatmaninIraq's Avatar
    11-18-2018, 10:50 AM
    The Information Office of the Rafidain Bank on Sunday issued a clarification on the issuance of the MasterCard card in its branches, which includes employees and citizens. He said in a statement that "citizens and employees can visit the branches dedicated to the granting of electronic cards in Baghdad and the provinces for the purpose of obtaining those cards," noting that "the MasterCard card has many features that are used by the holders in the deposit and withdrawal of funds in any place in it "He said. Count
    170 replies | 29195 view(s)
  • BatmaninIraq's Avatar
    11-18-2018, 10:49 AM
    The Information Office of the Rafidain Bank on Sunday issued a clarification on the issuance of the MasterCard card in its branches, which includes employees and citizens. He said in a statement that "citizens and employees can visit the branches dedicated to the granting of electronic cards in Baghdad and the provinces for the purpose of obtaining those cards," noting that "the MasterCard card has many features that are used by the holders in the deposit and withdrawal of funds in any place in it "He said. Count
    170 replies | 29195 view(s)
  • Investors Iraq News's Avatar
    11-18-2018, 06:20 AM
    OneBeat brings together musicians from all over the world to the U.S. for an exhilarating month of performances, discussions, and interactive music-making events. OneBeat grew out of a notion that musical collaboration is a powerful way to connect people across political and cultural differences. Applications for*ONEBEAT*2019 are open from November 19 through December 21, 2018. ONEBEAT is a U.S. government-sponsored fellowship that uses music as a tool to promote dialogue, creativity, and personal engagement among musicians from around the world. Applicants must be musicians aged 19-35 who can demonstrate musical talent, leadership skills, entrepreneurial spirit, and a strong commitment to building more cohesive communities at home. The ONEBEAT program takes place in the United States over four weeks in September-October 2019. Two weeks are spent in a musical residency, and two weeks on a performance tour.* During the residency, participants form small musical ensembles, create original material, and develop workshop ideas. While on tour, fellows give public performances in various U.S. cities and lead workshops with youth and community groups.*ONEBEAT fellows will have their travel, room, and board costs covered.* Applicants must demonstrate basic English proficiency.* Interested musicians can apply directly via the OneBeat website*http://1beat.org/apply*. (Source: US Embassy in Baghdad) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 50 view(s)
  • Investors Iraq News's Avatar
    11-18-2018, 04:07 AM
    The United Nations Assistance Mission for Iraq (UNAMI) warmly welcomes the repatriation of a consignment of located Kuwaiti property to the Kuwaiti authorities in a handover that took place in Kuwait City today and was observed by the United Nations. “This is an encouraging positive step taken by the Iraqi authorities in compliance with UN Security Council resolution 2107 (2013). It shows the determination of both countries to forge ahead with strengthening bilateral ties, putting behind them the bitter legacy of invasion and violence, and demonstrates the best of good neighbourly relations,” said Ms. Alice Walpole, Deputy Special Representative for Iraq of the United Nations Secretary-General. Preparations for the transfer of the Kuwaiti textbooks and other items have taken over a year. H.E. Minister of Foreign Affairs of Iraq Mohammed Al-Hakim has made exceptional efforts to ensure swift action on this important and complex file of outstanding issues with Kuwait since taking office a few weeks ago. UNAMI has been actively involved with Iraq and Kuwait as an observer in facilitating the efforts for a resolution of the outstanding issues. While UNAMI commends the Iraqi movement on the missing property file and their commitment to resolve all remaining outstanding issues with Kuwait the UN Mission recognises that the search must continue for the invaluable National Archives of Kuwait. Despite strong support demonstrated by Kuwait, and commitment to their international and humanitarian obligation shown by Iraq, full normalization of relations will only take place once all outstanding issues have been resolved, the Deputy Special Representative said. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 46 view(s)
  • Wolverine's Avatar
    11-18-2018, 12:50 AM
    448 replies | 18932 view(s)
  • Investors Iraq News's Avatar
    11-17-2018, 05:51 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 | 57 view(s)
  • Investors Iraq News's Avatar
    11-17-2018, 09:53 AM
    By John Lee. The Iraqi government has retaken ownership of a property in Baghdad, after it said it was unlawfully sold to “the wife of a senior official in the previous government“. The Commission of Integrity said in a statement that “the property was sold by the official to his wife in violation to the legal controls stipulated in the Law of Sale and Rent of State Properties No. 32 of 1986, and without conducting a public bid.” The official was not publicly identified. (Source: Commission of Integrity) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 56 view(s)
  • Investors Iraq News's Avatar
    11-17-2018, 09:53 AM
    By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Will Iraqis get green light to enter restricted Green Zone?While new Iraqi Prime Minister Adel Abdul Mahdi has promised*to open Baghdad’s fortified Green Zone to*the public and to through traffic, there are doubts that he will be able to fulfill that pledge. The Green Zone, officially the International Zone,*is a 4-square-mile*area that’s home to*Iraqi government buildings for*the presidency, parliament, judiciary*and the*intelligence and national security staffs.*Also located there are various foreign*embassies, including those of the United States and the United Kingdom;*other*diplomatic missions; offices of international organizations, notably the UN; and residences of privileged Iraqis and*high-level officials. The restricted zone inconveniences many Baghdad residents, especially commuters. Opening the area could reduce heavily congested streets and slash the amount of time it takes to travel across town. It would also make it easier for citizens to access*government agencies. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 64 view(s)
  • Investors Iraq News's Avatar
    11-16-2018, 08:03 PM
    By John Lee. Baghdad has reached an agreement with Kurdish authorities to resume exports from the Kirkuk oilfields, via the Turkish port of Ceyhan (pictured). In a statement on Friday, the Ministry of Oil said between 50,000 and 100,000 barrels per day would be exported through the pipeline on behalf of the Baghdad-controlled State Oil Marketing Organization (SOMO). S&P Global Platts says SOMO has not exported any crude oil from Ceyhan since June 2017. (Sources: Ministry of Oil, S&P Global Platts) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 78 view(s)
  • Investors Iraq News's Avatar
    11-16-2018, 05:54 PM
    Advertising Feature Note: ISX will be closed on Tuesday (Nov. 20, 2018) due to a religious holiday (Birth of the Prophet). The next trading session will be on Wednesday (Nov. 21, 2018). Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th November 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD664 (+1.6%) / $711 (+1.6%) (weekly change) (-18.1% and -14.9% YTD change, respectively). The number of week traded shares was 49.2 bn and the weekly trading volume was IQD18.3 bn ($15.1 mn). ISX Company Announcements ISX will suspend trading of Asiacell (TASC) starting Nov. 20, 2018 due the AGM* which will be held on Nov. 26, 2018 to discuss and approve 2017 annual financial results. The national bonds owned by Al-Kindi of Veterinary Vaccines Drugs (IKLV) will start trading on the ISX on Nov. 18, 2018. The total number of the bonds that will start trading is 350 and each of them are from IQD5,000,000 category (ISX ticker: CBI25). Opening price for each bond will be IQD5,252,945 (IQD5,000,000 (price of the bond) + IQD252,945 (interest)) with +/-5% price change limit, and thus, the total value of the bonds that will start trading be IQD1,838,530,750 (350 X IQD5,252,945). Annual interest of the bond is 8% and the bond maturity date is Apr. 2, 2019. Original shares of Dar Al-Salam for Insurance (NDSA) will resume trading on Nov. 18, 2018 after deciding to increase the capital from IQD5.0 bn to IQD7.0 bn through 40% rights issue. The opening price will be IQD0.64 with +/-50% price change limit for the first session and after that, price will be able to change with +/-20% limit per day. Palastine Hotel (HPAL) will resume trading on Nov. 18* due to disclosing 2017 annual financial results. The National Bank of Iraq (BNOI) signed a trade finance agreement on Tuesday with the International Finance Corporation (IFC), a member of the World Bank Group, to help the bank’s client businesses access global markets, boosting trade and spurring economic growth. In addition, a Memorandum of Understating (MOU) was also signed between the two parties whereby the IFC will provide NBI with support related to the field of Corporate Governance. (BNOI Website) Baghdad Hotel (HBAG) resumed trading Nov. 13, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 44% cash dividend (0.44% dividend per share, 4.9% dividend yield). Cross Transactions: 44.6 bn shares of Zain Al-Iraq Islamic Bank (BZII) on Nov. 14, 2018, which represents 17.8% of BZII capital. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 63 view(s)
  • Investors Iraq News's Avatar
    11-16-2018, 05:54 PM
    By John Lee. The United Nations has advertised new positions in Iraq: Safe Return Capacity Building Officer, Heartland Alliance for Human Needs Program Management Officer, UNAMI – United Nations Assistance Mission for Iraq Interpreter, UNAMI – United Nations Assistance Mission for Iraq Heavy Vehicle Operator, UNAMI – United Nations Assistance Mission for Iraq Translator*UNAMI – United Nations Assistance Mission for Iraq Engineering Technician, UNAMI – United Nations Assistance Mission for Iraq Heavy Vehicle Operator, UNAMI – United Nations Assistance Mission for Iraq Associate Public Information Officer, UNAMI – United Nations Assistance Mission for Iraq Logistics and Procurement Assistant, ICMP – International Commission on Missing Persons Programme Management Specialist, UNDP – United Nations Development Programme (Source: UN) (Picture: Finger pressing a new career start button, from Olivier Le Moal/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 57 view(s)
  • Investors Iraq News's Avatar
    11-16-2018, 05:54 PM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Monitoring, Evaluation and Learning Manager, Mercy Corps Access to Finance Project Manager, Mercy Corps Procurement Manager, Mercy Corps National Field Officer- Community Engagement, IOM – International Organization for Migration CCCM Cluster Co-Coordinator, IOM – International Organization for Migration Programme Coordinator (Economic Recovery), IOM – International Organization for Migration Protection Assistant (Counter Trafficking), IOM – International Organization for Migration Data Developer, IOM – International Organization for Migration Administrative Assistant (RRU), IOM – International Organization for Migration Resources Management Officer, IOM – International Organization for Migration Assistant Administrative Officer, UNAMI – United Nations Assistance Mission for Iraq Driver/Dispatcher, UNAMI – United Nations Assistance Mission for Iraq Country Director, Lutheran World Relief (LWR) Education Officer, UNICEF – United Nations Children’s Fund NPO (Pharmaceuticals), WHO – World Health Organization (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
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