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  • Investors Iraq News's Avatar
    Today, 12:44 AM
    By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Manufacturing artillery rockets – State Company for Military Industries Manufacturing mortar guns, State Company for Military Industries Manufacturing military protable water treatment plant, State Company for Military Industries Rehabilitation , modernization and assembling of heavy armored vehicles, State Company for Military Industries Manufacturing propellant charge for mortar bombs ,artillery rounds and rocket grenades, State Company for Military Industries Land, Ministry of Defense (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 10 view(s)
  • Investors Iraq News's Avatar
    Today, 12:44 AM
    Treasury Sanctions Iran-Backed Militia Leaders Who Killed Innocent Demonstrators in IraqToday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three leaders of Iran-backed militias in Iraq that opened fire on peaceful protests, killing dozens of innocent civilians. OFAC designated Qais al-Khazali, Laith al-Khazali, and Husayn Falih ‘Aziz al-Lami pursuant to Executive Order (E.O.) 13818 for their involvement in serious human rights abuse in Iraq. Additionally, OFAC designated Iraqi millionaire businessman Khamis Farhan al-Khanjar al-Issawi for bribing government officials and engaging in corruption at the expense of the Iraqi people. “Iran’s attempts to suppress the legitimate demands of the Iraqi people for reform of their government through the slaughter of peaceful demonstrators is appalling,” said Secretary Steven T. Mnuchin. “Peaceful public dissent and protest are fundamental elements of all democracies. The United States stands with the Iraqi people in their efforts to root out corruption. We will hold accountable the perpetrators of human rights abuse and corruption in Iraq.” As a result of today’s action, all property and interests in property of the individuals named below, and of any entities that are owned, directly or indirectly, 50 percent or more by them, individually or with other designated persons, that are in the United States or in the possession or control of U.S. persons, are blocked and must be reported to OFAC. Unless authorized by a general or specific license issued by OFAC or otherwise exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons. In addition, any approval, financing, facilitation, or guarantee by a U.S. person, wherever located, of a transaction by a foreign person where the transaction by that foreign person would be prohibited by E.O. 13818 if performed by a U.S. person or within the United States would be prohibited. QAIS AL-KHAZALI and LAITH AL-KHAZALI Qais al-Khazali is Secretary General of the Iran-backed Asa’ib Ahl al-Haq (AAH) militia in Iraq. During the late 2019 protests in many cities in Iraq, AAH has opened fire on and killed protesters. Laith al-Khazali, Qais al-Khazali’s brother, is also a leader of AAH. Qais al-Khazali was part of a committee of Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) proxies that approved the use of lethal violence against protesters for the purpose of public intimidation. In Diyala Province, Iraq, AAH has been involved in widespread forced disappearances, abductions, killings, and torture, targeting Sunni Iraqis with impunity. In late 2015, Laith al-Khazali controlled efforts to remove Sunnis from areas of Diyala Province, including killings to drive Sunnis from the area. Additionally, Qais and Laith al-Khazali had leading roles in a January 2007 attack on an Iraqi government compound in Karbala. The attack killed five U.S. soldiers and wounded three. Qais al-Khazali is designated for being a foreign person who is a leader or official of an entity, including any government entity, that has engaged in, or whose members have engaged in, serious human rights abuse relating to his tenure. Laith al-Khazali is designated for being a foreign person who is responsible for, is complicit in, or has directly or indirectly engaged in serious human rights abuse. The IRGC-QF, designated pursuant to E.O. 13224 on October 25, 2007, is a branch of the IRGC responsible for external operations and has provided material support to numerous terrorist groups, making it a key component of Iran’s destabilizing regional activities. The IRGC-QF’s parent organization, the IRGC, was designated pursuant to E.O. 13224 on October 13, 2017, and on April 15, 2019 was designated as a Foreign Terrorist Organization by the Secretary of State. HUSAYN FALIH ‘AZIZ AL-LAMI Husayn Falih ‘Aziz al-Lami (al-Lami) is an Iran-backed militia leader, tasked by other senior militia commanders with suppressing the late 2019 protests in Iraq. Al-Lami was part of a committee of IRGC-QF proxies that approved the use of lethal violence against protesters for the purpose of public intimidation. In late 2019, al-Lami was responsible for ordering the assassinations and suppression of protesters in Baghdad. Al-Lami directed militia fighters who shot protesters in early October 2019, a time when dozens of protesters were killed. Al-Lami is designated for being a foreign person who is responsible for, is complicit in, or has directly or indirectly engaged in serious human rights abuse. KHAMIS FARHAN AL-KHANJAR AL-ISSAWI Khamis Farhan al-Khanjar al-Issawi (al-Khanjar) is an Iraqi businessman and millionaire who enjoys significant power on a regional and international level. According to a former senior Iraqi government official, al-Khanjar’s influence has been mostly due to his willingness and ability to use his wealth to bribe others. Al-Khanjar has reportedly planned to spend millions of dollars in payments to Iraqi political figures in order to secure their support. Al-Khanjar is designated for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, corruption, including the misappropriation of state assets, the expropriation of private assets for personal gain, corruption related to government contracts or the extraction of natural resources, or bribery. GLOBAL MAGNITSKY Building upon the Global Magnitsky Human Rights Accountability Act, on December 20, 2017, the President signed E.O. 13818, “Blocking the Property of Persons Involved in Serious Human Rights Abuse or Corruption,” in which the President found that the prevalence and severity of human rights abuse and corruption that have their source, in whole or in substantial part, outside the United States, has reached such scope and gravity that they threaten the stability of international political and economic systems. Human rights abuse and corruption undermine the values that form an essential foundation of stable, secure, and functioning societies; have devastating impacts on individuals; weaken democratic institutions; degrade the rule of law; perpetuate violent conflicts; facilitate the activities of dangerous persons; and undermine economic markets. The United States seeks to impose tangible and significant consequences on those who commit serious human rights abuse or engage in corruption, as well as to protect the financial system of the United States from abuse by these same persons Information on the individuals designated today. (Source: OFAC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 11 view(s)
  • Brazileiro's Avatar
    Yesterday, 01:20 PM
    It appears that the Warka domain name expired at the end of November so they need to renew it again...
    1 replies | 94 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 12:44 AM
    Alliant Techsystems Inc., Fort Worth, Texas, has been awarded a $37,788,519 firm-fixed-price modification (P00052) to previously awarded contract FA8106-16-C-0004 for contractor logistic support for the Iraqi Air Force’s Cessna 208 and 172 fleet. Work will be performed in Iraq and is expected to be completed by Dec. 31, 2020. This contract involves 100% foreign military sales to Iraq. This award is the result of a sole source acquisition. The dollars obligated is $169,153,380. The total cumulative face value of the contract is $235,000,000. Foreign Military Sales funds in the amount of $19,429,623.80 are being obligated at the time of award. The Air Force Life Cycle Management Center, Tinker Air Force Base, Oklahoma, is the contracting activity. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 32 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 12:44 AM
    IBBC host a roundtable discussion with His Excellency, Mr Jaafar Al-SadrOn Wednesday 4th December the Iraq Britain Business Council (IBBC) was pleased to host a roundtable discussion chaired by IBBC President Baroness Nicholson with Iraq’s newly appointed Ambassador to the UK, His Excellency, Mr Jaafar Al-Sadr, and fellow diplomats Dr Ahmed Al-Nakash and Ms Hanaa Jawad. The meeting was attended by several IBBC member representatives including from Al Hadeel Al Hassan LLC, Constellis, EAME, Ernst & Young, March Holdings, Mutual Finance Ltd, Perkins & Will, Protechnique, PWC, Rolls Royce, RSK, Shell, Unihouse Global and Xratech. His Excellency, Mr Al-Sadr introduced himself and opened a constructive discussion on current affairs in Iraq. Baroness Nicholson, gave a summary of the history of IBBC in Iraq, its membership and the many events and activities it supports Iraq and the UK. There was a good interactive discussion which identified opportunities for further cooperation between IBBC, its members and the Government of Iraq. Baroness Nicholson noted that the IBBC and its members looked forward to working closely with the Ambassador in the months and years ahead, and HE Al-Sadr expressed his appreciation for the continuing support of IBBC and its many members. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 12:44 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD636 (-1.0%) / $676 (-1.0%) (weekly change) (-3.6% and -4.8% YTD change, respectively). The number of week traded shares was 2.9 bn and the weekly trading volume was IQD1.8 bn ($1.5 mn). ISX Company Announcements ISX will suspend trading of Ashur International Bank for Investment (BASH) starting Dec. 17, 2019 due to the AGM that will be held on Dec. 22, 2019 to discuss and approve 2018 annual financial statements. ISX will suspend trading of Investment Bank of Iraq (BIBI) starting Dec. 16, 2019 due to the AGM that will be held on Dec. 19, 2019 to discuss and approve 2018 annual financial statements. ISX will suspend trading of Iraqi for Tufted Carpets (IITC) starting Dec. 15, 2019 due to the GA that will be held on Dec. 18, 2019 to elect 5 new original and 5 alternative board members. ISX will suspend trading of Modern Chemical Industries (IMCI) on Dec. 9, 2019 due to the AGM that will be held on Dec. 14, 2019 to discuss and approve 2018 annual financial statements. Commercial Bank of Iraq (BCOI) invited its shareholders to receive their cash dividend from 2018 profits (3.8% cash dividend, IQD0.038 dividend per share) starting Dec. 8, 2019. ISX suspended trading of Ready Made Clothes (IRMC) starting Dec. 3, 2019 due to the AGM that will be held on Dec. 8, 2019 to discuss and approve 2018 annual financial statements. ISX suspended trading of Al Taif Islamic Bank for Investment & Finance (BTIB) starting Dec. 2, 2019 due to the AGM that will be held on Dec. 5, 2019 to discuss and approve 2018 annual financial statements and increasing the capital from IQD100 bn to IQD150 bn through 50% rights issue. Bain Al-Nahrain Investment (VMES) postponed its AGM to Dec. 10, 2019 due to lack of quorum. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 12:44 AM
    By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Protesters have reportedly attempted to burn down the Iranian consulates in both of Iraq’s holy cities, Najaf and Karbala, over the past month, with the consulate in Najaf torched twice in a single week. The attacks in Najaf took place Nov. 27 and Dec. 1, two days after the Iraqi prime minister offered to resign following Grand Ayatollah Ali al-Sistani’s Friday sermon in the city. Protesters in Najaf also attacked the shrine of late Ayatollah Mohammed Baqir al-Hakim, who was assassinated in 2003 after he returned to Iraq following two decades in Iran. On Nov. 3, protesters attempted to burn down Karbala’s Iranian Consulate after a similar incident in Basra late last year. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • dollarsign's Avatar
    12-05-2019, 10:59 AM
    Wasn't sure the site would make it back. May take a while for others to find realize it's up. $
    197 replies | 79088 view(s)
  • Brazileiro's Avatar
    12-05-2019, 09:54 AM
    They haven't renewed their security certificate in a long time. Google how to create an "exception" for the website.
    10 replies | 463 view(s)
  • Brazileiro's Avatar
    12-05-2019, 09:52 AM
    I was able to until mid Nov when my password expired. Trying since then to get it renewed...
    10 replies | 463 view(s)
  • 40plus's Avatar
    12-05-2019, 03:46 AM
    I've bought and sold with GID, don't know if they are still around but was always treated fairly.
    197 replies | 79088 view(s)
  • 40plus's Avatar
    12-05-2019, 03:42 AM
    Been in dinar since 04. Still waiting, retired years ago. Be nice to get some cash from Warka. Cheers, all! Also used to post under the name 100 million dreams
    197 replies | 79088 view(s)
  • 40plus's Avatar
    12-05-2019, 03:38 AM
    I get a message that the site is not secured. How does one handle that to not be hacked?
    10 replies | 463 view(s)
  • 40plus's Avatar
    12-05-2019, 03:36 AM
    Nice to be back. Still no response from Mr issa since 2018. Has anyone been able to see their account balances lately?
    10 replies | 463 view(s)
  • Investors Iraq News's Avatar
    12-05-2019, 01:14 AM
    Cabinet approves measures to expedite completion of investment projectsThe Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Prime Minister briefed the Cabinet on national developments, and underscored that, during this period, ministries and other state institutions will continue to discharge their day-to-day duties and serve citizens. The Cabinet: discussed recommendations submitted by the Ministerial Economic Council on halting, until further notice, the imports of agricultural produce in which Iraq is self-sufficient. agreed measures to expedite the completion of investment projects across Iraq, and approved a number of exemptions from applicable regulations to enable ministries, public bodies and local authorities to avoid delays to projects. accepted the recommendation of the Ministerial Energy Council and authorised the Ministry of Electricity to sign an amendment to the original contract with China Machinery Engineering Company (CMEC) to complete the 2X630MW Thermal Power Plant Project in Salahuddin Province, and instructed the Ministry of Finance to support the implementation of this project. issued instructions and guidance on the installation of CCTV cameras in commercial outlets, malls, shops, and other facilities. (Source: Iraqi Govt) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • Investors Iraq News's Avatar
    12-05-2019, 01:14 AM
    Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI). Total cumulative production at the Sarqala field has reached three million tonnes, or 23 million barrels of oil, as at December 2019. Daily liquid hydrocarbon production at this asset is currently running at 4,000 tonnes of oil, or 30,500 barrels, per day. First oil was obtained at the Garmian block (which the Sarqala field is part of) in 2011, with commercial crude shipments commencing in 2015, following the commissioning of the Sarqala-1 well. A second well was commissioned in 2018, with a third due to come online in 2019. Surface facilities and infrastructure have been significantly expanded in the course of developing this field. Final works on expanding the central processing facility (CPF) are expected to be completed by end-2019 — production throughput having reached 35,000 barrels per day (bpd). Concurrently with this, the pipeline processing system has been updated, and the production-process automated control system modernised. Formation-water utilisation infrastructure (with throughput capacity of 5,000 bpd) is to be built at the Sarqala field in the near future. Sergei Petrov, CEO of Gazprom Neft Middle East B.V., said: “Our work at the Garmian block has allowed us to compile detailed information on the geological structure of the Sarqala field — allowing us not just to develop the asset effectively, but also identify potential for its future development. Preparations are now underway on drilling a further well. Commissioning this will allow us to maintain hydrocarbon production volumes in the KRI.” (Source: Gazprom Neft) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    12-05-2019, 01:14 AM
    Following the announcement of 16 May 2019, in which it was stated that Steve Whyte (pictured), Chairman of Genel Energy, would not be standing for re-election at the 2020 Annual General Meeting, the Company announces that Steve has now resigned with immediate effect. George Rose, Senior Independent Non-Executive Director, will act as interim Chairman until the ongoing search for a permanent Chairman is completed. George Rose, interim Chairman of Genel, said: “When Steve joined Genel the Company had net debt of almost $150 million and unpaid oil receivables of over $400 million. He was a driving force behind the Receivable Settlement Agreement, which has transformed Genel’s financial position. We now have a stronger portfolio with exciting growth options and the right team to deliver them. “Our highly cash generative oil production more than funds this growth, with sufficient cash left over to pay a material and progressive dividend. I would like to thank Steve for his efforts at Genel and look forward to seeing his future successes.” (Source: Genel Energy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 32 view(s)
  • Investors Iraq News's Avatar
    12-05-2019, 01:14 AM
    By John Lee. The United Nations has advertised new positions in Iraq: Digital Security Specialist, Counterpart International Legal Team Leader, International Rescue Committee (IRC) Project Coordinator, UNODC – Office on Drugs and Crime Programme Analyst – UNFPA – United Nations Population Fund Legal Officer , UNS-SPM UNITAD – United Nations Investigative Team for Accountability of Daesh/ISIL (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 | 34 view(s)
  • Investors Iraq News's Avatar
    12-05-2019, 01:14 AM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Monitoring, Evaluation, Accountability and Learning (MEAL) Coordinator, INTERSOS – Organizzazione Umanitaria Onlus HR- Admin Coordinator, Norwegian Refugee Council (NRC) Human Resources Assistant, Norwegian Refugee Council (NRC) Monitoring & Evaluation Coordinator (A Senior Managerial Level), International Rescue Committee (IRC) Peace and Reconciliation Working Group Coordination Lead, Mercy Corps Driver, ILO – International Labour Organization Operations Assistant, ILO – International Labour Organization (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 41 view(s)
  • Brazileiro's Avatar
    12-04-2019, 10:31 PM
    Hey James, yeah the online banking website hasn't gone down as far as I know, it's the main website that has been down since sunday - https://www.warka-bank.com I'm still trying to get my online password reset though :) I'm hoping the main website comes back online all updated and Warka is back in business with ALL services available again...
    10 replies | 463 view(s)
  • calstar's Avatar
    12-04-2019, 10:25 PM
    :rolleyes:I hope so Haggisbasher
    10 replies | 463 view(s)
  • calstar's Avatar
    12-04-2019, 10:12 PM
    Still here since 2006, I remember Jerry and the gang I hope all is well. Still waiting for the event.
    197 replies | 79088 view(s)
  • calstar's Avatar
    12-04-2019, 09:56 PM
    ​We are back!
    10 replies | 463 view(s)
  • James's Avatar
    12-04-2019, 09:17 PM
    Online banking is still up. https://onlinebanking.warka-bank-iq.com/IBS/index.jsp
    10 replies | 463 view(s)
  • haggisbasher's Avatar
    12-04-2019, 06:41 PM
    Maybe something very good or you know wot, Warka maybe even given the go ahead and roll out their new trading model, that would be something plus its the start of Iraq finical year is it not, anyway my beer glass is half full.
    10 replies | 463 view(s)
  • Investors Iraq News's Avatar
    12-04-2019, 12:48 AM
    Top Mountain and USAID open Business Incubator and Training Center in ErbilTop Mountain, in partnership with USAID, held a ribbon cutting ceremony to celebrate the opening of the Business Incubator and Employment Program’s first training center. This will be the first of four facilities that Top Mountain will open over the next two months, with three additional training centers planned for Ninevah. The Erbil Training Center will enable Top Mountain to deliver training, events, and mentorship focused on career development and entrepreneurship for displaced people from Ninevah who are living in Erbil. The event was attended by the U.S. Deputy Consul General, Elisabeth Rosenstock-Siller, and USAID’s Senior Deputy Assistant Administrator of the Bureau for the Middle East, Hallam Ferguson, as well as community leaders, academics, international donors, and NGOs that are currently working in Ninevah. During his remarks, Mr. Ferguson mentioned that this is the first time since re-establishing its presence in Iraq 16 years ago that USAID has partnered directly with local organizations. “We are very excited to be working with local groups because it’s Iraqis that play the most important role in improving their country,” he said. USAID is the world’s premier international development agency and a catalytic actor driving development results. USAID has funded Top Mountain’s program under the New Partnership Initiative (NPI), which aims to build the capacity of local organizations and assist populations in Iraq recovering from the genocide perpetrated by ISIS. Top Mountain is a consulting firm based in Iraq that focuses on stabilization, economic development, and promoting employment and entrepreneurship. The Business Incubator and Employment Program is aligned with Top Mountain’s mission to support economic development and stability in Iraq. (Source: Top Mountain) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 38 view(s)
  • Investors Iraq News's Avatar
    12-04-2019, 12:48 AM
    By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Adel Abdul Mahdi announced Nov. 29 that he would officially submit his resignation to parliament, in the first government response to the wide public protests that have been sweeping through Iraq for two months. Former judge and legal expert Ali al-Tamimi explained to Al-Monitor the legal and constitutional steps that will follow Abdul Mahdi’s resignation announcement. “The president accepts the resignation under Article 18 of the Cabinet system, which considers the whole government resigned with all its ministers,” he said. Click here to read the full article. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • Investors Iraq News's Avatar
    12-04-2019, 12:48 AM
    By Ali Al-Mawlawi (pictured). Is the Decentralisation Process in Iraq being Reversed? There have been growing signs in Iraq since summer 2018 that the process of devolving powers to local governments is being rolled back – and for justifiable reasons, many would argue. Parliament’s most recent decision to suspend all provincial councils is arguably the most flagrant attempt to curtail the role of sub-national authorities and raises questions about where the decentralisation process is headed. Click here to read the full report from the London School of Economics. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 29 view(s)
  • Investors Iraq News's Avatar
    12-04-2019, 12:48 AM
    The Embassy of the Republic of Iraq in The Hague organized a seminar titled: “Capacity Building in the Iraqi Higher Education Sector for Sustainable Development” with the participation of a large number of major Dutch universities, representatives of the Dutch Foreign Ministry, the Nuffic Foundation for the Internationalization of Education, the Foundation for the Netherlands Universities, VNSU, and the presence of the Undersecretary of the Iraq Ministry of Higher Education Dr. Hamed Khalaf Ahmad, President of Kirkuk University, Prof. Sabah Ahmed Ismail, and President of the University of Technology, Prof. Emad Al-Husseini. The Undersecretary presented a briefing on Iraqi higher education and the challenges facing it, calling for the importance of cooperation and efforts to support this sector, stressing Iraq’s desire to work with the Dutch side to expand bilateral cooperation, especially in the field of fellowships, joint research, exchange visits and training courses. The President of the University of Kirkuk and the President of the University of Technology also touched on the possible cooperation frameworks needed by the two universities in environment, medicine, agriculture, water resources management, energy and humanities fields. Participants also made presentations on universities and some international programs offered by them, affirming their readiness to increase coordination and cooperation with Iraq in this sector. (Source: Ministry of Foreign Affairs) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • James's Avatar
    12-03-2019, 10:16 PM
    True, so very true. Keep us posted. Thanks!!
    10 replies | 463 view(s)
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