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  • Mo Dinar's Avatar
    Today, 02:23 AM
    Ha ha, I think Suzy was also Clay75!
    184 replies | 41201 view(s)
  • Investors Iraq News's Avatar
    Today, 01:21 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 Mustafa Habib. Iraq’s Lack Of Water Is A Foreign Policy Problem, Ministers SayOnce it was the extremists who held Iraq’s water to ransom. Now it is tribes in Iraq’s southern provinces using water supplies as a deadly weapon. Last Sunday there was a heated debate in the Iraqi parliament. It was not about the extremist group known as the Islamic State, local militias, the US’ or Iran’s presence in Iraq, corruption or any of the other standard controversies that get MPs yelling at one another. Instead the debate was about water. The country’s minister for water resources,*Hassan al-Janabi, warned that Iraq was about to face a water shortage and that the government urgently needed to make the topic one of foreign policy relevance as well as a domestic issue. An official report prepared by al-Janabi’s ministry was submitted to parliament and NIQASH was able to read it. It said that Iraq had lost around 30 percent of the water it used to get from the Tigris and Euphrates rivers, the two major waterways running through Iraq. Within just a few years, it will have lost 50 percent of its share of the rivers’ waters. And that is without taking into account the impact of climate change. The ministry of water resources said it would begin working on a long-term plan, working toward 2035, which would require an investment of US$184 billion. Of that, US$68 billion would be allocated to water for irrigation and used for agricultural purposes. Over three-quarters of water in Iraq is used for agriculture, industry and for drinking. Iraq has always been proud of its two major rivers. And up until relatively recently the country had been spared the kinds of devastating droughts that have hurt countries elsewhere. Baghdad residents still remember the floods of the 1950s that used to hit the country every summer until a newly built suburban dam ended them. But the situation is very different today. A major part of the current problem lies outside the country’s borders. The sources of the Euphrates and the Tigris, as well as long stretches of the rivers, lie outside Iraq. Turkey, Syria and Iran control parts of the rivers and are already building, or have built, large dams to ensure that their countries have enough water in the future. Iraq, on the other hand, does not currently have the resources to start on such huge strategic projects. The Iraqi government’s abilities are limited to the maintenance of existing dams, mostly built during the Saddam Hussein regime. The most important of these are the Mosul and Haditha dams. Since an earthquake last year, the Dokan dam in northern Iraq has been out of service. Agriculture is being impacted already. “This year we lost about 30 percent of our wheat and barley crops because of water scarcity, drought and low rainfall,” says Mahdi al-Qaisi, the deputy minister for agriculture in Iraq. “That’s something we haven’t seen in decades and we have to reconsider how we irrigate in the country. We need to switch to crops that don’t require large quantities of water,” he argued. “We have been making a living from growing wheat and barley for decades,” says Karim al-Hajami, a tribal leader in the Maysan province. “But this year we suffered great losses due to a lack of water. That’s because the waters of the Tigris river were stolen by people in the Wasit province,” he complains. “And the state knows nothing about it.” What is happening outside Iraq is now also happening inside the country, as provincial councils in southern Iraq fight to divert river water to their provinces or to somehow block the flow further down river. There are also fears that eventually the lack of water will lead to mass internal migration, as people living in drought-stricken areas rush to areas with more water. “Tribes in Wasit are taking more than they should, according to guidelines from the ministry of water resources,” al-Hajami continues. “And that’s why we don’t get enough water.” In fact, a few weeks ago there were physical confrontations between different tribes over water. “They would have become serious if it were not for the intervention of government authorities who promised they would try and solve the problem,” al-Hajami says. However, the farmers in Wasit say that it’s not their fault and that locals even further up river than them are the ones taking all the water which is why they, in turn, have to take more than they are supposed to from the Tigris river. “The people in Maysan accuse us of taking more than our share but in reality, we are not getting our full share because of a problem with the Tigris river and the low level of water coming in from Turkey,” suggests Abbas al-Maksousi, one of the tribal leaders there. The same sorts of problems are coming up in the provinces of Dhi Qar and Muthanna too, where fighting erupted between tribes last month because of anxiety over water from the Euphrates. MP Furat al-Tamimi, who heads the parliamentary committee on water and agriculture, warns that this situation is just going to worsen in coming months. “The problem is complex,” al-Tamimi told NIQASH. “Firstly, the sources of the Euphrates and the Tigris are in neighbouring countries. Turkey in particular is trying to fill its Ilisu Dam*project. And secondly its complicated because of abuses in Iraq’s own southern provinces.” In the provinces, al-Tamimi thinks the ministries of the interior and water resources need to work together to prevent those abuses. “Or we will see more dangerous conflicts in the future,’ he suggests. Al-Tamimi also believes that Iraq’s water should become a part of other ministerial portfolios because it overlaps the trade, energy, oil and foreign policy sectors. In particular, he believes there is special urgency for the ministry of foreign affairs to get involved. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 20 view(s)
  • Investors Iraq News's Avatar
    Today, 01:21 AM
    IFC and Central Bank of Iraq to Strengthen Corporate Governance in the Banking SectorThe International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Iraq (CBI) are launching a series of specialized workshops, starting today, to raise corporate governance standards in Iraqi banks and strengthen the country’s banking sector. IFC’s advisory services team will support the Central Bank in implementing its new mandatory corporate governance banking guidelines. IFC will initially train all key managers in the Central Bank and then roll out workshops to board members from all the country’s banks. Topics include understanding the unique nature of governance in the sector, the right composition of boards, and risk management best practice. Aly Al Alaq (pictured), Governor of the Central bank said: “Helping banks implement sound corporate governance practices will increase the sector’s resilience and sustainability and make them more investment-friendly, enabling banks to not only boost efficiency, but also increase profit.” The initiatives are part of IFC’s strategy to spur private sector growth in Iraq and scale up support for fragile and conflict-affected states, where private sector investment is key. For companies operating in conflict-affected environments, strong corporate governance can be vital for sustainability. Ziad Badr, IFC Principal Country Officer in Iraq, said: “Our aim is to foster a positive corporate governance culture within which banks in Iraq can operate, to strengthen the sector and drive growth … Improved practices help attract direct investments and ultimately stimulate social welfare and economic growth.” IFC has been working to improve corporate governance in Iraq since 2014. As well as working with local institutions, in May 2017, IFC launched the country’s first independent institute of directors—the Kurdistani Institute of Directors (KIoD)—alongside the Erbil Chamber of Commerce and Trade, which advises on best practice and strengthening the role of independent directors and boards. IFC’s advisory work in Iraq focuses on building the capacity of financial institutions, supporting governments, helping private firms improve their environmental, social, and governance standards, and mobilizing private investments through public-private partnerships. (Source: IFC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 20 view(s)
  • Investors Iraq News's Avatar
    Today, 01:21 AM
    By John Lee. MENAFN reports that 540 Jordanian goods have been officially exempted from customs duties of Iraq. Jordan’s Minister of Industry, Trade and Supply, Yarub Al-Qudah (pictured) said the decision aims to increase Jordanian exports to the Iraqi market, promoting economic cooperation between the two countries. He added that Jordanian trucks will be allowed to enter Iraq, and vice versa. (Source: MENAFN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 70 view(s)
  • windy's Avatar
    Yesterday, 05:25 PM
    My mantra since 2004 has been "Maybe tomorrow."
    184 replies | 41201 view(s)
  • calstar's Avatar
    Yesterday, 03:59 PM
    Where is Shotgun suzy? lol
    184 replies | 41201 view(s)
  • Brazileiro's Avatar
    Yesterday, 03:22 PM
    I imagine most people are like me & still hoping Warka will somehow come back out of the ashes...but I've never heard of a company doing that after being shutdown for this long. I wonder what Warka will do after "depositing" the money from selling clients proxy shares.
    1 replies | 130 view(s)
  • Brazileiro's Avatar
    Yesterday, 03:17 PM
    mine sent on wednesday from hotmail was received, read & ignored...
    7 replies | 505 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 02:03 PM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Media Coordinator, Norwegian Refugee Council (NRC) Head of Programme, Norwegian Refugee Council (NRC) Monitoring and Evaluation Manager, Norwegian Refugee Council (NRC) Finance Controller, International Rescue Committee (IRC) Livelihoods Program Manager, International Rescue Committee (IRC) Operations Director, Mercy Corps Education Programme Manager, Save the Children Senior Resettlement Assistant, UNAMI (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 79 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 02:03 PM
    By John Lee. The United Nations has advertised new positions in Iraq: Evaluation of UN Women’s Leadership, UN Women – United Nations Entity for Gender Equality and the Empowerment of Women Security and Humanitarian Access Coordinator, International Rescue Committee (IRC) Senior Child Protection Manager, International Rescue Committee (IRC) Nutrition Coordinator, International Rescue Committee (IRC) Humanitarian Access and Security Coordinator, International Rescue Committee (IRC) Senior Health Manager, International Rescue Committee (IRC) Head of Programme Operations (HPO), Save the Children Education Programme Manager, Save the Children Head of Programme Operations, Save the Children (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 878 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 02:03 PM
    By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly laundered its cash reserves by investing in legitimate businesses in Iraq and elsewhere. According to a report from The Economist, in Iraq it has used middlemen to buy farms, car-dealerships, hotels and hospitals. It adds that weak institutions and rampant corruption make it hard for Iraq to tackle the problem. Read the full article from The Economist here. (Source: The Economist) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • Mo Dinar's Avatar
    Yesterday, 04:15 AM
    Tried several Aol, Yahoo, still nada!
    7 replies | 505 view(s)
  • Mo Dinar's Avatar
    Yesterday, 04:10 AM
    2004! The days of Jerry and Aunt Gwennie AND long before Clay75 lol!
    184 replies | 41201 view(s)
  • Pistol's Avatar
    Yesterday, 01:14 AM
    I joined in 2007 but was a chronic lurker from 2004....still waiting for the elusive RV.
    184 replies | 41201 view(s)
  • Investors Iraq News's Avatar
    02-22-2018, 02:55 PM
    By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the Reconstruction of Iraq” has been confusing at best, ranging from those who thought it was a failure for raising far less than needed to those who thought that that it was a reasonable success for raising a third of what was needed. These thoughts were not helped by an Iraqi delegation that was focused on presenting a shopping list of projects that would need $88bn in financing. In the end, it was reported that Iraq received pledges of $30bn in loans and guarantees, just over a third of the required total. Lost in all of this is the significant document “Reconstruction & Development Framework” that the World Bank Group (WBG) prepared with the Iraqi Ministry of Planning (MoP), as well as the IMF’s work on Iraq and its presentation at the conference. The first is a comprehensive analysis of the reconstruction requirements across all sectors of the country and provides plans for short-, medium- and long-term reconstruction needs within the framework of a long-term recovery for the country. In combination with the second, they provide the structure for funding the reconstruction effort. The key takeaway is that the Government of Iraq (GoI) is realistic in its expectations that external sources of financings will be small, and therefore it expects to utilize its own resources over the next five years for the required reconstruction. Please click here to download Ahmed Tabaqchali’s full report. Mr Tabaqchali (@AMTabaqchali) is the CIO of the AFC Iraq Fund, and is an experienced capital markets professional with over 25 years’ experience in US and MENA markets. He is a non-resident Fellow at the Institute of Regional and International Studies (IRIS) at the American University of Iraq-Sulaimani (AUIS). He is a board member of the Credit Bank of Iraq. His comments, opinions and analyses are personal views and are intended to be for informational purposes and general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any fund or security or to adopt any investment strategy. It does not constitute legal or tax or investment advice. The information provided in this material is compiled from sources that are believed to be reliable, but no guarantee is made of its correctness, is rendered as at publication date and may change without notice and it is not intended as a complete analysis of every material fact regarding Iraq, the region, market or investment. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 107 view(s)
  • dollarsign's Avatar
    02-22-2018, 10:44 AM
    picking up the pace... Baghdad, Iraq, February 20, 2018—IFC, a member of the World Bank Group, and the Central Bank of Iraq are launching a series of specialized workshops, starting today, to raise corporate governance standards in Iraqi banks and strengthen the country’s banking sector. IFC’s advisory services team will support the Central Bank in implementing its new mandatory corporate governance banking guidelines. IFC will initially train all key managers in the Central Bank and then roll out workshops to board members from all the country’s banks. Topics include understanding the unique nature of governance in the sector, the right composition of boards, and risk management best practice. Aly Al Alaq, Governor of the Central bank said: “Helping banks implement sound corporate governance practices will increase the sector’s resilience and sustainability and make them more investment-friendly, enabling banks to not only boost efficiency, but also increase profit.” ​$
    54 replies | 6399 view(s)
  • BatmaninIraq's Avatar
    02-22-2018, 06:22 AM
    http://www.alsabaah.iq/ArticleShow.aspx?ID=153202 the most important currency market (exchange rate)
    52 replies | 6767 view(s)
  • Investors Iraq News's Avatar
    02-22-2018, 03:10 AM
    By John Lee. The Ministry of Oil has announced an opportunity to invest in a 100,000-bpd refinery at the Qayara field in Ninawa governorate. In a statement, the Ministry said: The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 and its amendments. The products of the refinery must be environment friendly according to the international standards. The tax breaks must be according to the investment law No.13 for the year 2006. In accordance with the second amendment of the investment law No.64 for the year 2007. The subtraction on the crude oil price over the ship is (8%) “The subtraction must be more than 5$ and less than 10$ of the global price”. The studies, planning and follow-up directorate in the ministry of oil have prepared the data portfolio of the refinery and the price of the data portfolio shall be (30) thousand dollars “nonrefundable”. The closing date of selling data portfolios is at the end of the work hours of Sunday the 1st of April 2018. –* The receipt of the documents from the companies which would like to invest in the above mentioned refinery must be to the end of the work hours of Sunday the 15th of May 2018. The presentation of the documents will be to the Studies Planning & Follow-up Directorate directly in a closed envelop. Otherwise the documents will be rejected. For further information please contact the E-mails (studies@oil.gov.iq) or (studies.oil@gmail.com). (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 65 view(s)
  • James's Avatar
    02-22-2018, 02:21 AM
    Disregard if already posted. https://www.cwciraqpetroleum.com/
    0 replies | 81 view(s)
  • Investors Iraq News's Avatar
    02-22-2018, 01:03 AM
    The United Nations Development Programme (UNDP) in Iraq launched a trilingual mobile application for iOS and Android to become the first ever UNDP Country Office to have such an application and one of a few within the UN community worldwide. UNDP Iraq’s Communications Unit led the development process of this application with support on information technology from the Regional Hub. The Unit explained: “Out of over 37.2 million Iraqis, more than 30.2 million are mobile users*. The UNDP Iraq mobile application was developed not only to keep Iraqi users well informed of UNDP’s support to the people of Iraq, but also to reach out to a wider global audience. “With its user-friendly design, the application is very informative in terms of highlighting UNDP’s work and impact as well as the country’s progress towards respective Sustainable Development Goals.“ The mobile application features news, impact stories, publications, a media library, infographs and visualized data in Arabic, Kurdish and English languages.*It*is now available for free download from App Store and Google Play. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 62 view(s)
  • Investors Iraq News's Avatar
    02-22-2018, 01:03 AM
    By Jack Detsch for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The*Trump administration’s budget proposal*for next fiscal year does not include peshmerga salaries even as the Pentagon aims to continue training the Kurdish force. The Department of Defense had requested $365 million in stipends for the year that ends Sept. 30 but did not spend the money after negotiations to extend an expiring memorandum of understanding broke down in September. Iraqi Prime Minister Haider al-Abadi had agreed to pay the peshmerga wages in October, but a US Inspector General report released earlier this month said the Kurdish fighters still hadn’t been paid “Those documents do not specifically refer to training/stipends for the peshmerga,” Pentagon spokesman Eric Pahon told Al-Monitor in an email today. Lawmakers have yet to weigh in on the $716 billion Pentagon request for fiscal year 2019. Instead, President Donald Trump’s budget request for the year starting Oct. 1 seeks $850 million to train and equip Iraqi troops with a focus on bolstering the Iraqi Security Forces with Ranger brigades. As part of that amount, the peshmerga force of about 150,000*could still be eligible for up to $290 million in so-called operational sustainment*funds aimed at preventing the Iraqi government from becoming more reliant on Iran and Russia, according to budget language. The shift in focus by the United States*comes as the Iraqi Kurds have been marginalized by Baghdad following the Kurdistan Regional Government’s (KRG) controversial independence vote in September. As a result, US and peshmerga officials are at odds over how much assistance is actually getting through to Erbil since Baghdad has to sign off on any weapons shipments to the Kurdish troops. “Right now, the Iraqis are stopping a lot of stuff,” said Michael Knights, a researcher at the Washington Institute for Near East Policy. Though the Pentagon acknowledges that the peshmerga proved helpful to the US-backed coalition until the beginning of the Mosul fight in 2016, the Kurdish force has faced difficulties in assimilating US equipment, experts say, in part because the peshmerga relies on its own training structures and tactical formations. The US-led coalition said in December that 5,200 American advisers in Iraq had stopped advising the peshmerga as the Pentagon appears set to draw down its presence. Over the past year, the United States also sold the Iraqi government nearly $300 million*worth of military equipment to outfit two infantry brigades with M-16 rifles, .50 caliber machine guns, up-armored Humvees and mine-resistant vehicles. That was cut down from an initial effort to outfit four peshmerga brigades — each typically between 4,000 to 8,000 troops — including a border unit. “Peshmerga brigades didn’t fit a US brigade set,” Knights told Al-Monitor. “A lot of the German equipment went everywhere. Gucci German assault rifles got given to commanders and bodyguards.” The US-led force has trained 26,000 peshmerga over the course of the anti-IS mission that began in 2014. Even though the funding stream appears to be in a winnowing process, the United States and the KRG remain engaged in high-level dialogues, with the peshmerga still playing an important role as the Pentagon aims to curb the influence of Iran-backed Shiite militias that are enmeshed in the Iraqi Security Forces. In meetings in Washington in November, the head of the KRG’s Department of Foreign Relations called for the United States*to do more to encourage talks with Baghdad and keep tenuous supply lines open on the border, including the Fish Khabur crossing, a critical lifeline for the 2,000 US troops serving in Syria. “We already have border guards,” Falah Mustafa told Al-Monitor in a November*interview. “Border guards are wearing Iraqi uniforms, they are on the payroll of the Iraqi government, they are getting instructions and directives from the Iraqi government in Baghdad.” (Picure Credit: David B. Gleason) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 57 view(s)
  • Investors Iraq News's Avatar
    02-22-2018, 01:03 AM
    By John Lee. Iran is said to be negotiating a deal to import around 100,000 tonnes of wheat per month from Russia, enabling private millers it to increase flour exports to Iraq. Iraq imports about 3 million tons of flour a year, almost half of its demand of 6.9 million tons a year. According to a report from Reuters, private millers in Iran are not allowed to use domestic wheat for flour exports. Meanwhile, Bloomberg reports that Iranian flour millers are operating at 50 percent of capacity. (Sources: Bloomberg, Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 58 view(s)
  • Investors Iraq News's Avatar
    02-22-2018, 01:03 AM
    The owner and chief executive officer of an armored vehicle company was sentenced today to 70 months in prison for his role in orchestrating a scheme to defraud the United States by providing the U.S. Department of Defense with armored gun trucks that did not meet ballistic and blast protection requirements set out in the company’s contracts with the United States. Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division, U.S. Attorney Rick A. Mountcastle of the Western District of Virginia, Special Agent in Charge Adam S. Lee of the FBI’s Richmond, Virginia, Field Office and Special Agent in Charge Robert E. Craig Jr. of the Defense Criminal Investigative Service’s (DCIS) Mid-Atlantic Field Office made the announcement. William Whyte, 72, of King City, Ontario, the owner and CEO of Armet Armored Vehicles of Danville, Virginia, was sentenced by U.S. District Judge Jackson L. Kiser of the Western District of Virginia, who also ordered Whyte to serve three years of supervised release following his prison sentence and to pay restitution in the amount of $2,019,454.36. On Oct. 9, 2017, after a two-week trial, Whyte was found guilty of three counts of major fraud against the United States, three counts of wire fraud and three counts of criminal false claims.* Whyte was charged by an indictment in July 2012. Evidence at trial demonstrated that Whyte executed a scheme to defraud the United States by providing armored gun trucks that were deliberately under-armored.* Armet contracted to provide armored gun trucks for use by the United States and its allies as part of the efforts to rebuild Iraq in 2005. Despite providing armored gun trucks that did not meet contractual specifications, Whyte and his employees represented that the armored gun trucks were adequately armored in accordance with the contract, the evidence showed.* Armet was paid over $2 million over the course of the scheme, the evidence showed. The case was investigated by the FBI and DCIS.* The case is being prosecuted by Trial Attorney Caitlin Cottingham of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Heather Carlton of the Western District of Virginia. (Source: US Dept of Justice) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 67 view(s)
  • What If....'s Avatar
    02-21-2018, 08:24 PM
    FYI If anyone else sent their stuff to AACC/Iraq Embassy to get certified. The lady that was doing it at the Embassy quit/wasn't there to do it. So who knows how long it will take. I assume I'm SOL for my shares now. Good thing I only did 5k and not 50.
    119 replies | 10657 view(s)
  • Investors Iraq News's Avatar
    02-21-2018, 03:50 PM
    Kirkuk Governorate Council has reportedly filed a complaint at the Iraqi Supreme Court against the federal government for taking unilateral steps on the governorate’s oil. A press report on February 19 cited three moves that it said Baghdad has taken without consultation with local government: An agreement with British Petroleum (BP) to develop Kirkuk oil fields; efforts to export oil to Iran and Turkey; and exporting oil to Iran via tankers. Though the report referred to these three steps as “contracts“, only the third relates to an agreement that is already being realised. The other moves remain in the initial stages.* The head of the Kurdish Fraternity List at Kirkuk Governorate Council, Muhammad Kamal, told press: “In accordance with the federal constitution, in provinces that produce oil, there should be coordination with the local governments and no contracts should be signed without consultation with the local administrations”.* Head of Kirkuk Governorate Council, Rebwar Talabani, stated that the federal government “does not listen to any articles of the constitution or laws“.* He said the majority at the council were hoping that “our demands take the form of a legal case against the Iraqi government“. According to the report, the council has filed 13 complaints at the Supreme Court against the Iraqi government concerning “violations” by Iraqi security forces and the government since October. It added that since the federal takeover, the people of Kirkuk have not benefited from the governorate’s oil wealth, whereas prior to the takeover local government was given 10m dollars per month by the Kurdistan Regional Government for exporting its oil. (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 81 view(s)
  • Investors Iraq News's Avatar
    02-21-2018, 03:50 PM
    By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi is to visit Turkey this week to discuss expanding cooperation in the oil and energy sector. Among the topics for discussion will be the possible restarting of oil exports via the*Turkish port of Ceyhan (pictured), and the export the Iraqi oil “by SOMO company exclusively”. He will also invite Turkish companies to participate in investment projects in the oil sector. (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 67 view(s)
  • Investors Iraq News's Avatar
    02-21-2018, 03:50 PM
    By John Lee. Prime Minister Haider al-Abadi has promised to crack down on corruption, and says laws will protect nervous foreign investors. He told CNBC: “We are laying down all the legal framework … I think the worry is corruption, number one, which is hiding behind red tape and bureaucracy. We have established a higher committee which is headed by the prime minister and it has a follow up team to make sure to remove blocks as they are there because of the bureaucracy. “I think this will be a huge bonus for companies; sometimes they are pressed to pay bribes or something like that. We want to keep away from this, we want every dollar which goes into investment or donation to serve the people, not to go to the pockets of corrupt people.“ Appearing confident despite the challenges ahead, he added: “I think now that the process of engaging investors in Iraq, I am sure in the next few months will be the foundation of this. We’ve already appointed a committee. Next month is going to be a meeting with major investors to follow up … And I hope that after the election they’ll immediately start.” See the full CNBC interview here. (Source: CNBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 64 view(s)
  • Investors Iraq News's Avatar
    02-21-2018, 03:50 PM
    By John Lee. Chevron has reportedly announced that it had resumed drilling operations at the Sarta-3 well in Iraqi Kurdistan. The US company temporarily suspended operations in October following the controversial independence referendum, which increased tensions between Baghdad and Erbil. According to Kurdistan 24, it currently operates and holds an 80-percent contractor interest in two production-sharing contracts covering the Sarta and Qara Dagh blocks. (Sources: Reuters, Kurdistan 24) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 60 view(s)
  • Investors Iraq News's Avatar
    02-21-2018, 01:41 PM
    By John Lee. An Iraqi government delegation is planning to visit Turkey to discuss environmental concerns over Turkey’s Ilisu Dam on the Tigris River. Iraqi Water Resources Minister Hassan al-Janabi (pictured) recently commented: “All regions of Iraq face the danger of water scarcity.” The amount of water in key Iraqi rivers has reportedly fallen by at least 40 percent in recent decades due to erratic rainfall, and the construction of dams in neighbouring countries. The Ministry of Water Resources has stressed that Iraq is “keen to maintain cooperation with neighbouring countries, including Turkey, in order to achieve mutual benefit for all the riparian countries on the Tigris and Euphrates rivers through fair and reasonable use and based on the principle of avoiding harm to any party.” (Sources: Al Manar) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 83 view(s)
  • Brazileiro's Avatar
    02-21-2018, 10:51 AM
    It's probably your email server. I know some have problems. I use my hotmail/outlook account and 99% of the time there are no problems.
    7 replies | 505 view(s)
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