Activity Stream

Filter
Sort By Time Show
Recent Recent Popular Popular Anytime Anytime Last 24 Hours Last 24 Hours Last 7 Days Last 7 Days Last 30 Days Last 30 Days All All Photos Photos Forum Forums
Filter by: Last 30 Days Clear All
  • Wolverine's Avatar
    Today, 04:56 PM
    6713 replies | 506733 view(s)
  • crazyfrank's Avatar
    Today, 04:00 PM
    sure ok, sorry about my math before here. The next step then is to wait now, as in 4 weeks, something is due to post. Not all may be willing, or even able to share or see what happens, but no doubt we shall be watching to see what those numbers are and go from there.
    54 replies | 3716 view(s)
  • Brazileiro's Avatar
    Today, 03:58 PM
    lol thought you might want to check your calculator :)
    54 replies | 3716 view(s)
  • Brazileiro's Avatar
    Today, 03:54 PM
    2.5% per year on IQD and 1% on USD in 2016 and 2017. Half of the Warka advertised rates. I remember reading here that others got around the same %'s but I don't remember anyone saying they got the advertised rates. I emailed many times asking about the rate and never got a response from Mr Issa or anyone at Warka.
    54 replies | 3716 view(s)
  • crazyfrank's Avatar
    Today, 03:48 PM
    my math is bad 1.25% times 2 is not 5.5%, its 2.5%, so yes again something is wrong hee hee
    54 replies | 3716 view(s)
  • crazyfrank's Avatar
    Today, 03:43 PM
    If that is correct, then yes, something is wrong. I might offer that the math on that 1.25% times two, equals 5.5%, which indicates what one might see in the US Dollar account side, so unless you are looking at the US Dollar account data, then yes there is something wrong.
    54 replies | 3716 view(s)
  • Brazileiro's Avatar
    Today, 03:28 PM
    the renewal fee used to be $15,000 iqd if I remember right. I haven't been charged a renewal fee in a long time.
    54 replies | 3716 view(s)
  • Brazileiro's Avatar
    Today, 03:27 PM
    CF, I have print screens of my account balances for end june and end dec of every year I have had my accounts. In 2016 and 2017 I got 1.25% at end june and end dec. Not the 2.5% the Warka advertised rate of 5% year should have given. Prior to 2016 almost all my cash was in the Warka CD's
    54 replies | 3716 view(s)
  • crazyfrank's Avatar
    Today, 03:26 PM
    Additionally it has just occurred to me, that after looking over their schedule of fees, I no longer see any fees for a pass word re-newel? I vaguely recall long ago having to formally request a password reset or re-newel, and there was a fee involved? it was a minor amount, but there was a fee of some sort, yes? I don't see that anymore, so that's a good thing aye?
    54 replies | 3716 view(s)
  • crazyfrank's Avatar
    Today, 02:59 PM
    They post interest deposits into IQD accounts every six months, first half 2.75% at the end of June, ( plus or minus a day or so ), then 2nd half another 2.75% at the end of the year. Its difficult to track this beyond 6 months ago, because at the moment you can only retrieve a bank statement for the last 40 days. it would require you to log in every 3 months or so, to capture a statement that encompasses those time frames.
    54 replies | 3716 view(s)
  • Brazileiro's Avatar
    Today, 02:51 PM
    yeah those are the rates from their website but not the rates I actually got on my savings the last couple of years.
    54 replies | 3716 view(s)
  • crazyfrank's Avatar
    Today, 02:43 PM
    this is the current interest rates, as posted on Warkas web site......it has changed over time, as for example they no longer offer CD's at 20%, when this all first began an option. Interest Paid Annually on Savings Accounts IQD savings accounts 5% per year USD savings accounts 2% per year Certificate of Deposits (IQD) 6 months CD 5.5% 1 year CD 7% http://www.warka-bank.com/?427dacca3edd8203f5aceefbb96c6d2efc545ea6 They post interest deposits into IQD accounts every six months, first half 2.75% at the end of June, ( plus or minus a day or so ), then 2nd half another 2.75% at the end of the year. Its difficult to track this beyond 6 months ago, because at the moment you can only retrieve a bank statement for the last 40 days. it would require you to log in every 3 months or so, to capture a statement that encompasses those time frames.
    54 replies | 3716 view(s)
  • Brazileiro's Avatar
    Today, 02:07 PM
    Interest isn't paid until the end of June correct? The last couple of years I've only received around 2.5% on my IQD cash account for the year. Never did get any answer from anyone at Warka as to why that rate and not the advertised rate. I'm interested in seeing if CD's will be available again in June as I was told, and what interest rate they will have. But no idea if anything can or will happen before the Genreal Assembly meeting, whenever that will take place.
    54 replies | 3716 view(s)
  • haggisbasher's Avatar
    Today, 01:28 PM
    Warka Bank account compound interest is due this coming week,could never work out why we never get the correct percentage as quoted on their web site fir interest rates,maybe different this time round.????????
    54 replies | 3716 view(s)
  • Investors Iraq News's Avatar
    Today, 07:24 AM
    Genel Energy notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $47.23 million from the Kurdistan Regional Government (‘KRG’) as payment for February 2018 crude oil deliveries to the export market from the Tawke licence. Genel’s net share of the payment is $11.81 million. The Taq Taq partners have received a gross payment of $6.80 million from the KRG for oil sales during February 2018. Genel’s net share of the payment is $3.74 million. The Company has also received an override payment of $6.85 million from the KRG, representing 4.5% of Tawke gross licence revenues for the month of February 2018, as per the terms of the Receivable Settlement Agreement. Gross production from the Tawke licence stood at 111,618 bopd during February, of which only 102,999 bopd was exported due to a planned pipeline outage; the balance was placed into interim storage at Fishkhabur and exported the following month. In total, Genel’s net share of payments relating to February 2018 exports totals $22.40 million. (Source: Genel Energy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 26 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 10:20 PM
    GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments across the country. Please click here to download the latest report free of charge. For more information on how GardaWorld’s services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at daniel.matthews@garda.com Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 40 view(s)
  • Dinar_OS's Avatar
    Yesterday, 03:26 PM
    Dinar_OS replied to a thread Silver in The Dinarholic Lounge
    Shipping Email: May 24 at 2:07 PM Bar Received: May 26 at 10:20 AM Made my weekend.
    7 replies | 754 view(s)
  • Wolverine's Avatar
    Yesterday, 03:15 PM
    6713 replies | 506733 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 06:52 AM
    The Iraq Britain Business Council (IBBC) has held an event in partnership with the Royal United Services Institute (RUSI) on ‘The Iraq Election Results: what next for Iraq’s political stability?’. The panel event, in partnership with the Royal United Services Institute gave an initial assessment of the Iraqi election result and commented on the early indications of potential political realignments and possible impacts on the polity in the near future. Iraq experienced its fourth democratic Parliamentary election on the 12th of May, the nation’s first since it’s defeat of the Islamic State. Following the official end of the campaign against IS in December 2017 and the start of the rebuilding process, the country is at a crucial turning point and political decisions made now will determine the stability and prosperity of Iraq for years to come. With the emergence of new electoral lists, and the federal government’s response to the Iraqi Kurdistan referendum weakening the Kurdish hand, the election produced many surprises. Chair Michael Stephens, RUSI Research Fellow Speakers (Introduction) Baroness Nicholson of Winterbourne, President IBBC Professor Gareth Stansfield, RUSI Senior Associate Fellow Dr Renad Mansour, Research Fellow, Chatham House (Panel discussion) Mr Christophe Michels, Managing Director, IBBC The panel discussion was the first in a series of events in partnership with RUSI, which will explore in detail the political landscape of Iraq as it evolves over the coming months. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 49 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 06:52 AM
    By John Lee. A Kuwaiti businessman is reportedly planning to grow 100,000 date palms and build a nature reserve complete with ostriches and deer in southern Badia, 150 km from the city of Basra. According to Reuters, Abdul-Aziz al-Babtain is investing $58 million in the project, which will see the palms grown over the next five to six years. More here from Reuters. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 45 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 06:42 AM
    26/5/2018 Samir Nusairi more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price, despite pessimistic forecasts Which traders speculate that the dollar exchange rate will rise during the election and after the results emerge or cause the political circumstances of the US escalation against Iran. For the purpose of assigning decisions of the Central Bank and maintaining the recovery of the dinar requires the Iraqi banks and branches of Arab and foreign banks operating in Iraq to go to real banking and activate the financing of small and medium enterprises and provide modern electronic banking products and attract deposits and participate in the establishment of the insurance company deposits and the establishment of the national companies to finance large projects , Which contribute to commercial and Islamic banks and cooperation with the Central Bank in the implementation of its policy in support of the development of the banking sector in accordance with the directives of the Governor of the Central Bank of Iraq last in the periodic meeting The last monthly of banking leaders and emphasis on the stability of the exchange rate and recovery of the Iraqi dinar. And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity. The time has come for our banks to move to the practice of real banking, which is to provide modern banking products to the public and provide the best services to customers and work to increase the proportion of financial coverage . The banking sector should play an important and important role in the development and revitalization of the economic cycle, stressing that the stability of the exchange rate should not make banks afraid of their future in the banking market. On the contrary, the stability of the exchange rate should be an incentive to improve the banking sector and achieve growth in the national economy and stability in the monetary and financial system. And the trend towards investment and reconstruction. * Economic and banking consultant
    99 replies | 14341 view(s)
  • crazyfrank's Avatar
    05-25-2018, 07:20 PM
    Very odd response there........... so to be clear you did not specifically request a holdings report? and it arrived anyway, that's odd but in a way its a very good concept. It would appear they are reviewing a great many such requests and a decision was made to just issue a statement out to all whom make any such current queries. I have to say that's a good move on their end to give confidence the holdings remain intact. I must say your totals should not be the same today as from long ago, depending on when you last saw their report versions. There have been a few paid up and "free" shares awarded over time, you may not have asked for the paid up type shares, but there have been "free" shares that have not required a formal request be submitted. I have seen the numbers have doubled in Baghdad soft drinks holdings. Most others have shown a minor increase, but none lowered, with a very few stagnant numbers, and that has been found to be 1 or 2 of those holdings have either dissolved or de-listed.
    54 replies | 3716 view(s)
  • haggisbasher's Avatar
    05-25-2018, 04:55 PM
    Thats the thing Frank i did not request they just sent the update, as for them being correct tithe totsls are the same as previous totals,
    54 replies | 3716 view(s)
  • crazyfrank's Avatar
    05-25-2018, 03:56 PM
    Haggis, approximately how long ago did you submit the request for your holdings in your good name confirmation? and did it look fairly correct to your knowledge?
    54 replies | 3716 view(s)
  • haggisbasher's Avatar
    05-25-2018, 02:54 PM
    Got a email yesterday from 3044 with a attachment of my existing shares i hold in my good name, did not ask for update,they just sent it,thought it was my Warka share offer confirmation,oh wellstill waiting.lol
    54 replies | 3716 view(s)
  • Brazileiro's Avatar
    05-25-2018, 02:44 PM
    Ramadan is 1 month long so everyone still works,,,just not as much gets done :) . That was my experience when in Iraq lol
    54 replies | 3716 view(s)
  • crazyfrank's Avatar
    05-25-2018, 01:57 PM
    ok thanks James, we can see something between the lines with that then. As its either there is a horrific lag delay between the time peeps send off mail to the bank and get a return reply from the bank, inherent the e-mail servers themselves ( not completely out of the question ), or......... its apparent they are indeed working this week? Even though the Ramadan hootenanny is in full swing this week. If that is the case, its something in itself to take notice of, as its highly unusual. I have always assumed all the banks, not just Warka, and the ISX shut down all such operations during this shindig of Ramadan aye?
    54 replies | 3716 view(s)
  • Investors Iraq News's Avatar
    05-25-2018, 01:43 PM
    By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.* Many Iraqi legislators call for canceling election resultsOn May 21, a group of Iraqi parliament members*submitted a request*to the speaker to cancel the results of the May 12 parliamentary elections.*The group*also called for*dissolving the Independent High Electoral Commission, discontinuing electronic voting*and reinstating manual voting and sorting, with many legislators saying the elections were*sabotaged. The next day, six Kurdish parties of the Iraqi Kurdistan region threatened to boycott*the political process if their demand to cancel the results in Iraqi Kurdistan and other contested areas*is not met. However, the Patriotic Union of Kurdistan (PUK) and the Kurdistan Democratic Party (KDP), the two main political parties that came in first and second in the provinces of the region, did not join in on the complaints. On May 18, the Independent High Electoral Commission announced the results of the elections. It also said that ballots cast in 103 polling stations in five provinces — Baghdad, Anbar, Salahuddin, Ninevah*and Kirkuk — had been annulled because of sabotage and suspicions of fraud. However, the commission did not say*whether the cancellation of those ballots actually changed the results. Out of 329 members of the Iraqi parliament, 176 agreed on canceling the results of the elections,*legislator Tawfiq al-Kaabi said. This would mean*that the number of parliament members calling for the elections to be voided*has reached the majority required for a*law to be passed. Legal analyst Ali Jaber told Al-Monitor, “The Iraqi parliament has the right to dissolve the current electoral commission and cancel the results of the election if it is proven to be sabotaged and fraudulent.” Said al-Kakai, a member of the Independent High Electoral Commission, agreed*with those calling for the cancellation of the results and the reinstatement of manual sorting. During a televised interview aired May 18, he said results that had been double checked in six provinces did not match with the original tallies, with the worst cases having*differences ranging from 12% to 63%. Former Prime Minister Ayad Allawi, the leader of the predominantly Sunni*National Coalition, is also skeptical of the results, although his grouping won 21 seats. He is suspicious about the vote in refugee camps and abroad and called*for the cancellation of those results. He also said he supports manual vote sorting in the contested provinces. Parliament Speaker Salim al-Jubouri, who lost*on May 12 despite being a top*National Coalition candidate, said in a recorded message two days after the elections, “There is a conspiracy targeting me specifically. It appears to be part of a more elaborate plan. Yet most of its threads and tools have been revealed, and I will be disclosing all information to the public.” Shiite parties were also skeptical of the results. Mohammad al-Sahyoud, a candidate from the State of Law Coalition,*called*“for canceling the results of the elections, extending the parliament*and announcing a caretaker government due to electoral fraud and sabotage”*in a May 17*press statement. Political analyst Ahmad al-Abiad told Al-Monitor, “The US supports the necessity of having manual sorting for 5% of ballot boxes. This might happen in the coming days.” He added, “The suspicions around the results of the election are great and the calls for canceling them are even greater, but we do not have any constitutional procedure for canceling the results of elections. So*the only solution available for political blocs is to pass a law in parliament canceling the elections before the constitutional end of their term June 30. The government can also appeal the parliament’s*decision to the Federal Supreme Court of Iraq.” The State of Law coalition, which won 25 seats in parliament, was a big loser in the*elections, seeing its total drop*66 seats from the 2014 elections. The lower number*could jeopardize the coalition’s involvement in the next*government. Skepticism about the results emanated from*political parties and groupings*that*received fewer seats than expected. Some individuals from other coalitions also called for canceling the results.*Member of parliament*Mohammed al-Lakash of the National Wisdom Movement (Hikma), which won 19 seats in the new parliament,*called for canceling*the results*because of “fraud attempts, voter intimidation*and bribery.” The Iraqi Turkmen Front in Kirkuk, led by member of parliament*Arshad al-Salihi, objected to the election results*in the province and asked its supporters to protest in the streets of Kirkuk. It also sued the Independent High Electoral Commission. This is the first time since 2005 that election results have faced such strong objections. The complaints seem to be coming*from all political parties except for the Sairoon Alliance. The alliance led by the Shiite cleric Muqtada al-Sadr won 54 seats in the next parliament. It is the only coalition that did not doubt the results of the elections despite Sadr’s constant objections*to the current electoral law. While it is possible that a*law canceling the results could be passed, such a step*seems unattainable given the short deadline left for the parliament. The parliament members*would first have to hold talks in order to reach a political agreement on the topic. This might lead the country into chaos, so an*alternative quick solution that might please all political parties might be to manually sort the ballot boxes of some polling stations. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 63 view(s)
  • Investors Iraq News's Avatar
    05-25-2018, 01:43 PM
    The victory of Shiite cleric Moqtada al-Sadr’s party in Iraq’s recent election has put the United States in a wait-and-see position, Defense Secretary James N. Mattis told reporters yesterday in Colorado Springs, Colorado. The secretary was in Colorado to preside at the change-of-command ceremony for North American Aerospace Defense Command and U.S. Northern Command. “History tells us that all wars eventually end, and the decisions you take following a war — comparing the United States leadership after World War II, versus what came out of Versailles after World War I — can set the conditions for the future,” the secretary said, adding that in this case, the United States must first see who is going to be the prime minister, because no party or coalition won enough to govern Iraq on its own. After World War II “First, all wars eventually come to an end. By 1948, ’49, after the vicious World War II, the Pacific Island Campaign was as vicious a fighting between two nations that’s ever been in history,” Mattis said. “We all know what Germany did during World War II with death camps with invasions across Europe.” And yet, by 1948 and 1949, he said, “we were standing up NATO to defend Western Europe, and we were working with Germany.” “The Marshall Plan was underway,” Mattis said.*“We were working with Japan.” Germany and Japan now are U.S. treaty allies, he noted. Mattis pointed out that despite the rout of the Islamic State of Iraq and Syria, some terrorists remain in Iraq. “But it was interesting, wasn’t it, that in the midst of everything going on next door in Syria, having recently destroyed the ISIS strongholds in Iraq – they are still isolated cells of them, of course,” the secretary said. A Responsive Government The secretary reiterated the United States will have to see whether the new Iraqi leaders form a responsive government. Mattis noted the Marshall Plan was met with initial skepticism. “People in 1944 were told basically in five years we’ll be serving alongside German troops and sending locomotives and railroad tracks to Germany,” he said. “We would have laughed in your face, said that’s not going to happen; this is a war to the death. Damn near lost.” But that’s exactly what we did, he noted. “So wars rub the veneer off all of us and leave the passions really exposed, and now it’s time for strategic thinking, for looking to the future, and determining how the Iraqi people can dictate their future,” the secretary said, “not external threats from Iran, not money from Iran, not internal threats from ISIS or other terrorists. “This is between our two governments, and we’ll see what government they end up with,” Mattis said. “So we’ll play that forward.*It’s too early to tell.” (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 46 view(s)
  • Investors Iraq News's Avatar
    05-25-2018, 01:43 PM
    By John Lee. China’s ZhenHua Oil has signed a service contract to develop the southern part of the East Baghdad oil field. Oil Minister Jabar Ali al-Luaibi said that the signature of the contract was significance for Baghdad because it is the first project in the capital. The development of the field will raise the production of the Midland Oil Company. As part of the deal, the project will also provide social services, and see the construction of a housing complex with 2000 residential units. (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 50 view(s)
More Activity
Powered byvBSocial.com and Block Facebook