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  • BatmaninIraq's Avatar
    Today, 10:14 AM
    International Smart Card Company contributes to financial inclusion Over the past four years, the Central Bank of Iraq has been able to achieve a technical revolution in the field of payment systems and modern banking technologies and electronic payment, which led to the transfer of banking products to advanced services to serve customers and compete the offer of Arab and foreign banks of the services of its customers. What is important here is that e-payment companies, owned by private shareholders, have supported the direction and implementation of the Central Bank's strategy for the years (2016-2020) in the development of payment systems and electronic payment techniques, reflecting the high financial coverage ratio according to the latest World Bank report from 11% to 22%. %. Which is to be confirmed here is the role played by the International Company for smart card (K), which is the first company that introduced electronic payment technologies to Iraq in 2007 in partnership with Rafidain Bank and Rashid using the card (smart card) to pay the salaries of retired civilian and military beneficiaries of welfare salaries Which is the first national mixed company run by the Iraqi private sector and the state banking sector. This product has been able over the past years to provide rapid service and without risk to the ways to 7 million subscribers by thousands of ports and that the most prominent features of the product can be filled card in all branches of the Rafidain Bank and by the ports spread along the geographical area of ​​Iraq and can be reissued in case of loss Theft or fraud without any risk to the customer or money in the card due to biometric technology. The company has also issued a MasterCard card, a global bank card which provides the opportunity to deposit money or spend it electronically or by ATM. Duck bank account, making the company cross the borders of Iraq through its partnerships with global payment systems, making a national product in order to compete on a global level to take pride in what is "Made in Iraq" So we have said that KI is the leader in the national private sector in providing electronic payment services.
    25 replies | 11138 view(s)
  • Investors Iraq News's Avatar
    Today, 12:05 AM
    The total amount of the Iranian exports to neighboring Iraq during the last Persian calendar year (March 2018- March 2019) hit a record high, the data released by Iran’s Customs Office showed. During the last Iranian year, the Islamic Republic exported $9 billion worth of products to Iraq, indicating a 36 percent increase comparted to a year earlier, setting a new record in the bilateral trade between the two countries, the Customs Office report said. The data also showed that the total value of Iran’s non-oil exports over the 12-month period amounted to $44 billion, with petrochemicals accounting for $14 bln of the exports. The top export destination of Iran was China, according to the report. Iran and Iraq have stepped up efforts in recent years to develop their ties in different areas, including economy and trade. Speaking at a joint press conference with Iraqi President Barham Salih in Tehran back in November, Iranian President Hassan Rouhani said the value of trade and economic interaction between Tehran and Baghdad stands at around $12 billion, adding that the two neighbors have the potential for a $20-billion trade target. In February, the governors of the central banks of Iran and Iraq signed an agreement to develop a payment mechanism aimed at facilitating banking ties between the two neighboring countries. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 12:05 AM
    “It’s a money-making machine,” says garage owner Karhi Bakr, 59, about the import of secondhand car parts into the Kurdistan capital of Erbil. Containers full of parts from cars written off after accidents in the West continue to pour into the city, which has become a*major hub for the trade. Some of the 200 or so Kurdish traders involved have become very rich, Bakr says. “Their profits are enormous. If I had a partner willing to invest, I would also go to Europe to collect used parts.” Click here to read the full report. (Source: Deutsche Welle) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 12:05 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq to expand Karbala shrine for growing number of pilgrimsThe Iraqi city of Karbala is planning a major expansion of a key religious site to cope with a growing number of pilgrims. More than 30 million people visit the shrines of Imam Hussein and Abbas each year. Al Jazeera‘s Dorsa Jabbari reports from Karbala: Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 12:05 AM
    By John Lee. Approximately $64 million has reportedly been embezzled in Mosul by officials said to be close to the recently-sacked governor, Nawfel Akoub, who is currently on the run following a warrant for his arrest in relation to the Mosul ferry disaster. AFP quotes Iraq’s Integrity Commission as saying that officials “close to Akoub” had stolen the funds, but did not accuse him personally. Some $40 million of the money had been set aside to rebuild Mosul (pictured) following the drawn-out battle to oust the Daesh terrorist group. (Source: AFP) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 12:05 AM
    The United Nations Development Programme (UNDP) and the courier company DHL , in partnership with the Joint Crisis Coordination Centre (JCCC) in Kurdistan Regional Government (KRG) conducted a workshop on Getting Airports Ready for Disasters (GARD) for the period 14th to 18th Apr. The workshop aimed to prepare airports personnel to handle the logistical situations in post-disasters. The five-day workshop provided training to 30 staff from Erbil and Sulaymaniyah International airports and employees from relevant government agencies. The attendees jointly identified the areas that could potentially serve as key locations for disaster logistics operations in the two airports, the workshop also evaluated the airports’ capacities for processing high volumes of passengers, cargos and warehousing relief supplies. The Director General of KRG Joint Crisis Coordination Centre, Ministry of Interior, Mr. Hoshang Mohamed said: “We are very pleased with this partnership and we welcome this first-of-its kind initiative of “GARD” as it will further enhance our crisis management capacities to respond to disaster-affected people on time, through expediting and fast-tracking the importation and movement of relief items, and humanitarian assistance as well as the entry and exit of the humanitarian personnel. We extend our thanks to UNDP Iraq and DHL for conducting this programme”. Vice President, Humanitarian Services of Deutsche Post DHL Group, Mr. Chris Weeks said: “We at DHL see it over and over again – airports quickly get overwhelmed by the chaos of incoming relief aid, UN and NGO personnel, military organizations and the crowds of people trying to leave. Sometimes, humanitarian aids arrives faster than airport can arrange for it to get out, causing a massive bottleneck in the flow of relief logistics. Timing is critical during disasters and the more efficient an airport is at processing incoming aircraft, the faster aids can get out to those in need. We are really proud to conduct our first GARD workshop in Iraq”. Officer in Charge of UNDP Iraq Mr. Vakhtang Svanidze stated that: “The threat of natural disasters remain high. Recently *due to torrential rains, the country continues to witness large scale floods which have claimed lives, displaced people and destroyed properties. The Dam of Mosul poses significant risks to the lives and livelihoods of the vulnerable communities along Tigris flood plain”. Since 2009 nearly 50 GARD workshops have been held in 24 countries for nearly 1,160 trainees. In the Middle East, workshops were previously held in Tehran (2017), Almaty (2017), Aqaba (2016), Amman (2014), Yerevan (2013) and Beirut (2012). Through the joint work of UNDP and DHL, the GARD workshop is being conducted now in Iraq for the first time. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • bultn's Avatar
    04-22-2019, 04:04 PM
    But you are a five star Idiot.
    628 replies | 47923 view(s)
  • Investors Iraq News's Avatar
    04-22-2019, 04:01 AM
    By Ali Mamouri for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq struggles to distance itself from US-Iran tensionsIraq is trying hard to dissociate*itself from the rising hostilities between Iran and the United States, as it hopes to preserve its national interests without aligning with either axis in the conflict. Following his recent visit to Iran, Iraqi Prime Minster Adel Abdul Mahdi*announced April*9*that he will soon visit Saudi Arabia to sign economic and security agreements, as Iraq has done with Jordan and Iran. A high-ranking Saudi delegation visited Iraq last week and signed several agreements, including ones involving electricity imports to Iraq and the construction of a large stadium. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-21-2019, 08:19 PM
    Source: Read the story here Post your commentary below.
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  • Investors Iraq News's Avatar
    04-21-2019, 08:19 PM
    Source: Read the story here Post your commentary below.
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  • Investors Iraq News's Avatar
    04-21-2019, 02:03 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.
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  • Investors Iraq News's Avatar
    04-21-2019, 03:58 AM
    By Harith Hasan, for Carnegie Middle East Center. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. From Radical to Rentier Islamism: The Case of Iraq’s Dawa PartyShia Islamist parties have emerged as major political actors in Iraq after the U.S. invasion and the fall of Saddam Hussein in 2003. They have played key roles in shaping constitutional and political processes and the internal dynamics of Iraqi politics. The oldest of these parties is the Dawa Party, most of whose leaders returned home in 2003 after years in exile. Between 2005 and 2018, three of its leaders, Ibrahim al-Jaafari, Nouri al-Maliki, and Haider al-Abadi, assumed the position of prime minister. As Dawa moved from opposition into power, its commitment to building an Islamic state waned and its priorities were shaped increasingly by the challenges of governance and the pursuit of clientelist politics. Click here to read the full story. (Source: Carnegie Middle East Center) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-21-2019, 03:58 AM
    UN Women, Office of the President of the Republic of Iraq sign MoU to promote gender equality, empowerment of womenUN Women in Iraq and the Office of the President of the Republic of Iraq signed a Memorandum of Understanding on 15 April 2019 providing a framework of cooperation in areas of gender equality and women’s empowerment. The MoU, signed by UN Women Representative Dina Zorba and the Iraqi President’s Adviser for Gender and Civil Society, Ms. Khanim Latif, provides for cooperation in technical fields, research and advocacy. UN Women and the Office of the President will cooperate in promoting enabling frameworks for the realisation of women’s rights as well as government-wide mainstreaming of gender equality and women’s empowerment. The MoU works also to promote sustainable institutional capacities to ensure Iraq’s alignment with its international human rights commitments. In particular, the MoU seeks to ensure a gender-based response to the 2030 Agenda for Sustainable Development, with a focus on building the capacity of women representatives to perform their role in the political and decision-making spheres. Furthermore, it provides for harmonising policy approaches in the areas of national reconciliation, peace building, conflict prevention and post-conflict reconstruction. The MoU also aims to strengthen the database for women’s issues in order to inform and guide evidence-based advocacy. The effort includes enhancing the process of regularly producing gender statistics and cooperation in all stages of research, in addition to improving access to research findings and data by users, including women. UN Women and the President’s Office will also collaborate in strengthening the momentum for the advancement of women’s agenda in Iraq through joint advocacy and outreach efforts. The two sides will work on informing and influencing the national discourse on the elimination of legislative, social and economic barriers for women’s realisation and recognition of their rights, including in the areas of women’s economic empowerment, participation in the decision-making process, ending gender-based violence and promoting women’s active participation in the political sphere. In addition, the two sides will advocate for the establishment of a mechanism for women that is capable of coordinating the issues of women with the aim of ensuring the political, social, cultural and economic empowerment of women towards achieving gender equality. The signing ceremony was attended by Deputy Special Representative of the United Nations Assistance Mission for Iraq (UNAMI) Marta Ruedas and advisers to the Iraqi President. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-20-2019, 04:35 AM
    By John Lee. Attock Cement Pakistan Limited (ACPL), which makes the Falcon brand of cements, has announced that trial production has started at its newly-built plant in Iraq. The Express Tribune quotes analyst Syeda Humaira Akhtar as saying: “The demand scenario in Iraq is very strong and it is going to be stronger with expected political and economic stability … Iraq has allowed the import of clinker without any duty, but the country has imposed 100% duty on cement import.” (Source: Pakistan Stock Exchange, The Express Tribune) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-20-2019, 04:35 AM
    By Hussein Al-alak. Republished with permission. Iraqi Children Foundation, safeguarding Iraq’s future generations For millions of people around the world, the welfare of Iraqi children is key to safeguarding the future peace and stability of Iraq. In this exclusive interview, Hussein Al-alak talks to Mohammed Khudairi, of the US based Iraqi Children Foundation (ICF), about their ongoing efforts in Iraq. What is your name and what do you do? My name is Mohammed Khudairi. I am the Chairman of Iraqi Children Foundation, as well as the Managing Partner of Khudairi Group. Can you please tell us about the Iraqi Children Foundation? The Iraqi Children Foundation intervenes in the lives of orphans and street children who are vulnerable to abuse, neglect, and exploitation by criminals, traffickers and extremists. The organization was set up ten years ago by Americans who saw the need to help rebuild Iraq after so many years of conflict. More than 800,000 children were orphaned as a result of the Iraq War, and the ISIS occupation displaced another 1.3 million. How does the work of the Iraqi Children Foundation help vulnerable children? Our vision is that all children in Iraq have a voice, and are empowered to reach their full potential. All our programs have this goal in mind. We help vulnerable children through several channels, including: ? The Hope Bus program – we convert used city buses into colorful, child friendly classrooms. Each bus has two teachers and a social worker, and serves around 50 children with tutoring, nutrition, health care, social services, practical life lessons, community, and fun. ? The Street Lawyers program – our lawyers provide legal protection for children who are targeted by criminals and traffickers, abused by employers, or are facing other risks. They also assist children to get their papers so that they can go to school. ? Social Services program – social workers on our team work to end child labor and get children off the streets. They also work to stop domestic abuse, provide medical care, and help get access to psychosocial services for children with mental health issues. As Iraq has experienced decades of conflict, can you please tell us how this impacts on children? Children who are displaced, or have been exposed to high levels of violence, are often left emotionally and physically vulnerable. Can you please tell us about some of the risks that children in Iraq now face? Many children have been left orphaned (800,000) or displaced (1.3 million) as a result of conflict in Iraq. Children who are in this vulnerable position are less likely to reach their full potential, as they are less likely to have access to education, health care (both mental and physical), and community support. These children are more likely to become targets for human traffickers or extremist recruitment. The importance of ensuring children are not radicalized in Iraq cannot be overstated; extremism is a destabilizing force in the Middle East and globally. This is not just a humanitarian issue, it’s a regional security issue. In the past, there have been cases where children have also been used as weapons of war, or due to bereavement, have been forced into exploitative trades. Can you please tell us about some of the safeguarding measures that have been, or are currently being put in place? As an organization, the Iraqi Children Foundation looks to empower children so they are less vulnerable to exploitation. This includes educating children about risks, and providing a safe space for them to learn and form a sense of belonging with caring adults, and other children. We also try to protect children and give them a voice, by providing legal representation in cases where children are exploited. Other nonprofits, non-government organizations, and government organizations all contribute to safeguarding measures; there is still a lot of work to be done. As the media often gives focus to human interest stories from Iraq, or children left disabled by war, what support is available for children born with either physical or learning disabilities? For families stuck in cycles of poverty in Iraq, there is limited access to medical care for children with disabilities. Often, these disabilities go undiagnosed or misdiagnosed. As a result, these children are unable to receive the treatment they need. Our social workers spend time getting to know families who live in impoverished areas of Baghdad, and to identify cases where children are suffering due to disabilities. We will work with the families of these children to get the correct medical attention and ongoing support, providing financial aid where necessary. As the Iraqi Children Foundation is based in the USA but are working with children, on a grassroots level across Iraq, can you please tell us how people in Britain and America can support your work? We have extremely competent NGO partners in Iraq who deliver our services to the children. We have worked with our primary partner, Justice Gate, for the past 7 years. We partner with local NGOs because we believe it is important to invest in Iraqi organizations and build capacity to provide ongoing services and ensure the growth and success of the country. Our team and donors in America, Britain, and across the globe are working hard to raise awareness and dollars so we can continue to invest in the children of Iraq. On a practical level, our greatest need is ongoing financial support – those interested can donate via Global Giving. For those located in or near Washington DC, we also have a fundraising 5K run each year. This year the race is in June, and we would love to see you there! We are extremely transparent at ICF, and very focused on effectiveness and efficiency of our programs. We are always open to discussing our work and results, you can find more information and our contact details at our website. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Screaming Eagle's Avatar
    04-20-2019, 02:27 AM
    We are going to give you a A. Congratulations, you are being promoted to the second grade of the liberal indoctrination school for those with limited ability.
    628 replies | 47923 view(s)
  • bultn's Avatar
    04-19-2019, 09:23 PM
    Wonderful news! Sucking Putin's c*ck is not a criminal act if you want to win an election! Your Great Idiot is not going to jail (yet) . But remember what happened to Al Capone. He got busted for his tax problems... The idiot has sort of the same kind of problems...
    628 replies | 47923 view(s)
  • Investors Iraq News's Avatar
    04-19-2019, 05:50 PM
    Supporting Recovery and Stability in Iraq through Local Development The Steering Committee of the programme Supporting Recovery and Stability in Iraq through Local Development held its first annual meeting in Erbil, on 17 April 2019. The programme is funded by the European Union (EU) with €47.5 million over 4 years, and implemented by the United Nations Development Programme (UNDP) in partnership with the UN Human Settlements Programme (UN-Habitat). The Steering Committee endorsed the programme’s workplan, identifying key priority projects to be implemented in nine Governorates: Anbar, Basra, Duhok, Erbil, Missan, Ninewah, Salah al-Din, Sulaimaniyah, and Thi Qar. The projects derived from the Provincial Development Plans and the Sustainable Energy Action Plans, developed under the flagship Local Area Development Programme (LADP II) that concluded in mid 2018. The programme revolves around supporting the decentralization of powers from central to local authorities, including through the development of institutional capacities, the optimization of revenue generation systems, peer-to-peer partnerships with EU local authorities, and the empowerment of civil society to advocate for local development causes. Minister of Planning at the Federal Government of Iraq, Dr. Nouri Al Dulaimi, said: “Today, we endorsed a robust workplan addressing local priorities, such as decentralization, job creation and public services, in areas where needed most. With this endorsement, we renew our commitment to work closely with our strategic partners towards making sustainable, inclusive local development a reality.” Minister of Planning at the Kurdistan Regional Government, Dr. Ali Sindi, noted: “Our past joint efforts under the EU-funded LADP II produced the Provincial Development Plans and the Sustainable Energy Action Plans. We are glad to be building upon this achievement, with the support of UNDP, to move to the next level of executing sustainable energy, environmental action and climate change adaptation initiatives.” Head of the EU Delegation to the Republic of Iraq, H.E. Ambassador Ramon Blecua, said: “The European Union continues to show its commitment in supporting local development in Iraq. The Steering Committee meeting held today, was a great opportunity to agree all together on concrete actions to be implemented at local level in the next months. “I am happy to see this new programme in full implementation mode and look forward to its quick results, so to deliver services and livelihoods opportunities and make a difference in daily life of the Iraqi population.” Officer-in-Charge of UNDP Iraq, Mr. Vakhtang Svanidze, said: “Under this EU-funded programme, we will do our utmost to help Iraqis in their pursuit of effective local governance for improved living conditions to all, especially the most vulnerable. This is of paramount importance to achieving the Sustainable Development Goals in Iraq in the long run.” Head of UNDP Office in the Kurdistan Region of Iraq (KR-I), Ms. Isabela Uribe, reiterated: “I am more than glad that we are going local with practical solutions touching people’ s daily life. Thanks to the generosity of the EU, with ample cooperation of the federal and local authorities and the hard work of UNDP and UN-Habitat, an inclusive, transparent and cutting edge approach to local development is going to place citizens in the driving seat of a new social agenda.” Under the new programme, UN-Habitat will contribute to the stability and socio-economic development of Iraq by improving living conditions and enhancing service delivery at the local level, through urban recovery investments and job opportunities in conflict-affected areas, and revenue generation in five governorates. Head of UN-Habitat Iraq, a.i., Ms. Yuko Otsuki , stated that “immediate interventions will prioritize urban recovery activities, such as the rehabilitation of damaged housing and schools, repairs to secondary infrastructure through job creation and skill enhancement, and involving youth in the redesign and recovery of public spaces.” A decision-making body, the Steering Committee is comprised of Iraq’s Minister of Planning, Dr. Nouri Al Dulaimi, Kurdistan Region’s Minister of Planning, Dr. Ali Sindi, as well as the Governors of the aforementioned Governorates where the programme will be active. Members also include UNDP and UN-Habitat as implementing partners, along with the EU Head of Delegation and Delegation Cooperation Section as donor representatives. Governorate representatives signed the Charter of Principles that sets out an agreed upon framework between each Governorate, UNDP and UN-Habitat. The framework defines roles and responsibilities and will govern the implementation of the programme. The programme fact sheet can be downloaded through this link: https://bit.ly/2Wlw17e. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-19-2019, 05:50 PM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th April 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD592 (+1.8%) / $636 (+1.7%) (weekly change) (-10.3% and -10.4% YTD change, respectively). The number of week traded shares was 5.2bn and the weekly trading volume was IQD4.0bn ($5.3mn). ISX Company Announcements Iraqi Carton Manufactories (IICM) will hold an AGM* on May. 9, 2019 to discuss and approve 2016 annual financial results. The company has been suspended from trading since Aug. 6, 2017 due to not disclosing 2016 and 2017 annual financial results. Asiacell (TASC) will resume trading on Apr. 21, 2019 after discussing and approving 2018 annual financial results and deciding to distribute 100% cash dividend (IQD1.00 dividend per share, 12.2% dividend yield). ISX suspended trading of Region Trade Bank for Investment and Finance (BRTB) starting Apr. 17, 2019 due to the GA that will be held on Apr. 22, 2019 to elect 4 original and 4 alternative board members. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-19-2019, 05:50 PM
    By John Lee. The United Nations has advertised new positions in Iraq: Investigator, UNS-SPM UNITAD – United Nations Investigative Team for Accountability of Daesh/ISIL Legal Officer, UNS-SPM UNITAD – United Nations Investigative Team for Accountability of Daesh/ISIL Senior Legal Officer, UNS-SPM UNITAD – United Nations Investigative Team for Accountability of Daesh/ISIL Senior Mission Planning Officer, UNAMI – United Nations Assistance Mission for Iraq Human Rights Officer, UNAMI – United Nations Assistance Mission for Iraq Field Security Coordination Officer, UNAMI – United Nations Assistance Mission for Iraq UNODC- National Project Officer (Human Trafficking and Migrant Smuggling), UNDP – United Nations Development Programme Site Engineer, UNOPS – United Nations Office for Project Services Finance Officer, UNOPS – United Nations Office for Project Services Programme Coordinator, IOM – International Organization for Migration (Source: UN) (Picture: Finger pressing a new career start button, from Olivier Le Moal/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-19-2019, 05:50 PM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Human Resources Clerk, UNDP – United Nations Development Programme Information Management Assistant, UNOPS – United Nations Office for Project Services Accountant, Management Systems International (MSI) Programme Officer (Data Analysis), UNICEF – United Nations Children’s Fund Monitoring Evaluation Accountability and Learning (MEAL) Head of Department, Action contre la Faim – ACF International Grant & Reporting Manager, Action contre la Faim – ACF International (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-19-2019, 03:50 PM
    Iraqi officers have committed torture at a detention facility in Mosul at least through early 2019, months after Human Rights Watch (HRW) reported on the abuses and shared information about those responsible, Human Rights Watch said on Thursday. The Iraqi government did not respond to two Human Rights Watch letters requesting an update on steps taken to investigate the allegations. “If the Iraqi government ignores credible reports of torture, it’s no wonder that the abuses persist,” said Lama Fakih, deputy Middle East director at Human Rights Watch. “What will it take for the authorities to take torture allegations seriously.” More here. (Source: HRW) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • BatmaninIraq's Avatar
    04-19-2019, 03:20 AM
    Central Bank Basra branch introduces a window to provide small cash categories 18/04/2019 font size: The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars. The head of the Central Bank of Iraq Branch of Basra in a press statement briefed by the "Covenant News" , said that in view of the small groups of the Iraqi currency traded in the markets, the Iraqi Central Bank branch in Basra sought to provide these quantities for the purpose of facilitating the deal between a single trader And the citizen. He stressed that the provision of cash from all groups will facilitate the sale and purchase between citizens and owners of shops. Al-Fahd added that the distribution of small categories through bank withdrawals, which are delivered to citizens through personal accounts and salaries will revive the local market and will be in the interest of the national economy and turnover of the wheel of monetary movement. It is noteworthy that small groups have been implemented from the market significantly recently, and this gesture re-ease of dealing between citizens.
    25 replies | 11138 view(s)
  • BatmaninIraq's Avatar
    04-18-2019, 10:13 PM
    Al Rashid applies the comprehensive banking system in its branches Al Rasheed Bank announced the implementation of the comprehensive banking system in its branches to achieve speed and ease. "The bank signed a special contract for the comprehensive banking system, which will be applied in all branches," the bank's press office said in a press release. He added: "The implementation of this system will achieve speed and ease and away from the routine," noting that "this system is in place in international banks and will depend on the use of modern technology in[
    25 replies | 11138 view(s)
  • Investors Iraq News's Avatar
    04-18-2019, 02:56 PM
    By John Lee. Iraq and Saudi Arabia have signed 13 political and economic agreements during the visit by Prime Minister Adel Abdul Mahdi to the Saudi capital Riyadh. According to Reuters, Iraqi Oil Minister Thamer Ghadhban has said that Saudi state-owned oil giant Saudi Aramco will help Iraq explore for gas in the western desert. Saudi Arabia cut ties with Baghdad after it invaded Kuwait in 1990, but the new moves are seen as a sign of improving relations between the two countries. (Sources: Office of the Iraqi Prime Minister, The National, Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-18-2019, 02:56 PM
    By John Lee. China’s Zhongman Petroleum and Natural Gas Group Corp., Ltd. (ZPEC) has reportedly started drilling its first oil well in Iraq’s eastern province of Diyala on Tuesday. The mayor of Qazaniya told Xinhua that it is more than fifty years since an oil well was drilled in Diyala province. Mazin al-Khuzaie added that the oil companies operating in Block 8 will contribute $4 million to a program to finance service projects in Qazaniya. (Source: Xinhua) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • BatmaninIraq's Avatar
    04-18-2019, 05:20 AM
    Home Scientific and Cultural Seminars Scientific Symposium (delete zeros from the Iraqi dinar) Under the patronage of the Dean of the Faculty of Knowledge University Dr. Yacoub Nazem Ahmed, the Department of Finance and Banking Sciences held today, 2019/3/27 and the Conference Hall a scientific symposium entitled (delete zeros from the Iraqi dinar) was divided into three axes The first axis: the concept of deleting zeros from the dinar , Presented by Assistant Professor Dr. Ali Abdul Hadi Salem. The second axis: the expected results of the deletion of three zeroes from the Iraqi dinar, M. Mahmoud Abdelkader Sweid. The third axis: the experiences of some countries in the process of deleting zeros, M. Mohammed Juma Rahim. The seminar was attended by the Dean's Assistant for Administrative Affairs, the heads of the scientific departments, faculty members and staff as well as guests from various departments of the State.
    25 replies | 11138 view(s)
  • Investors Iraq News's Avatar
    04-17-2019, 01:17 PM
    The IBBC (Iraq Britain Business Council) is launching a Tech Conference in Baghdad on 29th and 30th April. The Conference is showcasing leading Iraqi and International companies with the intention of building confidence for Tech initiatives within Iraq. Iraq is at a pivotal point in its development as it revives and rebuilds its infrastructure, so now is an ideal time to review the opportunity that modernisation and tech could bring to the country. IBBC is keen to support modernisation and its benefits, and to share what we have learned in the UK. With political leadership, a positive investment climate and the talent and interest among young people and the right educational skills, tech can take off in Iraq, in the way it has in the UK. The conference aims to showcase the best tech companies in Iraq, to give confidence and support to those on the way up and to change perceptions about the country and encourage investment. IBBC Marketing Consultant Ashley Goodall says: “We believe that Technological applications can enable Iraq to become more productive and efficient and a drive for transparency, a mechanism for government payments, a means to interact with citizens, and a source of new employment opportunities for young people.” Christophe Michels Managing Director of IBBC says: “We are all excited about the prospect of holding this prestigious event for IBBC members, the Tech Community and the wider people of Iraq. We hope and expect it will have an impact on all audiences to encourage a more rapid uptake of technological expertise, skills, and investment in Iraq.” Leading Iraqi companies include: Almaseer Insurance, Inspire Solutions, Zain Telecom, Careem, Switch, Media World, Zain Pay, National Bank of Iraq, KRG, Onyxes, Re:coded, Five One Labs, Khudairi Group, Iraq Tech ventures, Arabnet, Central Bank of Iraq and many international groups such as BP, PWC, EY Iraq, KPMG, Finastra and many more. The Governor of Central Bank of Iraq kindly confirmed his attendance. IBBC want to provide a platform and focus for Tech in Iraq and give inspiration and confidence to those building a modern Iraq. Come and join the new wave and help modernise Iraq. The IBBC Tech Conference is taking place in Baghdad, the Babylon Hotel on 30th April with an Entrepreneurs event on 29th April. For information and registration https://www.ibbctechconference.org/ To register to Entrepreneurs event on 29th April: https://www.eventbrite.com/e/startup-battle-baghdad-tickets-60109360716 For more information on the Iraq Britain Business Council, visit our website at https://www.iraqbritainbusiness.org/ To contact IBBC for Interviews, registration and sponsorship please contact london@webuildiraq,org (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-17-2019, 12:38 AM
    UK International Trade Secretary Dr Liam Fox MP has visited Baghdad for a three-day visit (Sunday, 14 April to Tuesday, 16 April 2019) where he met with the Iraqi Prime Minister and announced that UK Export Finance (UKEF) will make an additional £1 billion of support available for British firms operating in Iraq, providing jobs and promoting stability in the region. In the first visit to Iraq by a cabinet minister for more than a year, Dr Fox will be meeting with senior Iraqis including the Prime Minister and President to discuss the bilateral trading relationship. Alongside the Iraqi Prime Minister Adil Abdul Mehdi, the Trade Secretary announced that UK Export Finance is making an additional £1 billion available to support UK exports to Iraq, bringing its total support for the country to £2 billion. The measure is designed to promote Iraq’s economic development and nation-building, ensuring that UKEF can continue to help the Government of Iraq deliver critical infrastructure. To date, UKEF has deployed its existing capacity for Iraq, providing around £1 billion in support for projects including: A US$35 million (£26 million) loan for the scoping phase of a water and wastewater treatment project in the Kurdistan Region of Iraq provided by UK company Biwater US$1.02 billion (£770 million) to support Enka UK and GE to build 2 new gas-fired power stations in the Basra region and UK-based GE Grid Solutions to build and refurbish 14 electricity sub-stations across Iraq support for a €30.2 million (£26 million) Siemens UK contract to refurbish the 320-megawatt Al Mussaib power station in southern Iraq a loan to support a US$220 million (£169 million) contract being undertaken by a UK subsidiary of GE to refurbish gas-fired power stations This support is available to UK companies selling to Iraq or investing in the country and will help the Government of Iraq access finance for projects that source goods and services from the UK. The International Trade Secretary Dr Liam Fox MP said: “The atmosphere in Baghdad is one of optimism – it is a country which is having an increasingly stable period at a time of significant unrest in the wider region. The British government, working closely with the UK private sector and our Iraqi partners, have a key role to play in the country’s long-term prosperity. The £1 billion we have announced today will significantly strengthen our ability to do just that. “Iraq’s future is bright, and my international economic department will continue to work tirelessly to ensure it maintains this stability, allowing the hard work of its talented citizens to flourish for the benefit of all. “Trade is about more than economic self-interest, it is the means through which we deliver the mutual prosperity that underpins our collective security. That is the true prize of trade policy and promotion done right.“ During the visit, the Trade Secretary will speak to young Iraqi entrepreneurs who are working to create a more vibrant private sector to support the long-term stabilisation and prosperity of Iraq. He will also meet British firms operating in-country whose investments are vital in the country’s rebuilding efforts. Siemens UK is improving the electricity supply in Iraq using UKEF finance. Steve Scrimshaw, Country Lead, Gas and Power UK and Ireland, Siemens UK, said: “We are delighted this additional funding has been made available for ongoing regeneration in Iraq and look forward to working with UKEF and the Iraqi government on future opportunities. “Siemens has already benefited from UKEF support for work on the refurbishment of the Al Mussaib power plant. This will be vital for the people of Iraq who will benefit from both the power and the jobs it will create. With work being delivered from our Newcastle business, it is also helping to secure jobs in the UK.“ (Source: UK FCO) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-17-2019, 12:38 AM
    U.S. Government to Provide Additional $100 Million for Iraq StabilizationUS Chargé d’Affaires Joey Hood has announced that the United States Government intends to provide an additional $100 million to help stabilize liberated areas once held by the Islamic State. The United States Agency for International Development (USAID) will provide the funds to the United Nations Development Program (UNDP).* With this $100 million contribution, the U.S. Government will have provided $358 million to stabilization efforts in Iraq since 2015. The Funding Facility for Stabilization is supported by the Global Coalition to Defeat ISIS and managed in cooperation with the Government of Iraq. The United States and the GOI are committed to creating the conditions to allow displaced Iraqis to return to their homes and start to rebuild their lives.* Strengthened with new funding, this stabilization program will restore essential services, such as water, electricity, sewage, health, housing, and education. In his announcement, the Chargé called on Anbar’s elected officials, tribal sheikhs, and residents to protect the project work sites and*?do their part to re-integrate back into their communities all displaced Iraqis who wished to return home. (Source: U.S. Embassy Baghdad) Source: Iraq-BusinessNews.com. Post your commentary below.
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