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  • Investors Iraq News's Avatar
    Today, 03:58 AM
    By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi prime minister-designate faces pressure on Cabinet choicesThere are multiple challenges keeping Mohammed Tawfiq Allawi, recently named Iraq’s prime minister-designate, from forming the government of independent technocrats that he pledged. The first major hurdle is that some political blocs want to continue to hold onto their current level of representation in the Cabinet. Under the constitution, Allawi is required within 30 days to form a government and go to parliament to obtain a vote of confidence with an absolute majority of at least 165 out of 329 parliament members. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 8 view(s)
  • Investors Iraq News's Avatar
    Today, 03:58 AM
    Registration is now open for Tenth Iraq Day at the Mansion House on 30 March 2020Tenth Iraq Day at The Mansion HouseIBBC Spring Conference 2020‘Iraq – Open for Business’ 30 March, The Mansion House, LondonThis could be the year Iraq gets serious about reform and investment. For too long, Iraqi Governments have tinkered with reform, but with the protests, a growing population and a new government forming, there is a head of steam demanding change and jobs for young people. At this time in response, The IBBC Spring Conference, at the Mansion house, is convening the heavyweight players and institutions of Finance, Energy and Governance to articulate what is required for change. All the more important as a high turnout of Iraqi Minsters and Deputies, and UK officials and politicians are expected to attend and contribute to the debate throughout the morning sessions. During the afternoon, an interactive series of roundtables addressing University, Tech in Iraq, Women’s Group and a special Kurdistan Investment Forum are convening ahead of a reception at Eversheds Sutherland headquarters. For Iraqi businesses an additional day of hosting by the DIT, BEIS and British Chambers of commerce to engage and showcase British services and products for export. For companies operating in Iraq or considering the opportunities it offers, then this conference is bringing together many of the key decision makers and drivers of finance and the opportunity to talk directly with the key players including: BP, Shell, World Bank, Kurdistan Investment Authority, Arab bankers association, Ambassador of Iraq, UK Ambassador, Chevron, JP Morgan, National Bank of Iraq, PwC, Jordan Bank, EY, GSMA, and more confirming soon. Register hereMore information and speakers to be announced in the coming weeks. For more information, including sponsorship opportunities, email london@webuildiraq.org or telephone 020 7222 7100. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 8 view(s)
  • Investors Iraq News's Avatar
    Today, 03:58 AM
    By John Lee. The Trade Bank of Iraq (TBI) has reported that it has achieved a “robust growth” in revenues and in key financial areas during 2019, for another consecutive year with its consistent performance, preliminary report released by the bank for the financial year during 31/12/2019. In a statement, the bank said it posted a net profit of USD 556 million in 2019, an increase of 68% from 2018, on revenues of USD 673 million, which grew by 12% over the previous year. It continued: “Financial unaudited statements for the year ending 31st December 2019 reveal enhanced financial strength of TBI as a consequence of incessant improvements throughout the year in key sectors, including gross revenue and total assets. “The total assets of TBI grew to USD 29 billion in 2019 thereby recording an increase of 27% As a preliminary comparison to 2018. “Primary results the resilient earnings and improved asset base have earned TBI multiple awards at the recently held The Banker Awards 2019 in London. “The bank granted loans during 2019 to the tune of USD 434 million, the 2019 bank’s efforts made to lift the Iraqi economy and social development during the year through loans aggregating USD 1.9 billion for various Iraqi governmental and public sector projects in energy, industrial, agricultural and commercial sectors, assisting them in achieving further growth of the Iraqi economy “TBI is currently working on expanding its network domestically & Internationally to diversify the sources of revenue from retail banking in Iraq to international operations in order to achieve a 30% compounded annual growth rate envisaged in the bank’s business plan for 2020-23. “The bank opened its first branch outside Iraq last year in Riyadh, KSA and plans to upgrade its representative office in Abu Dhabi Global Market to enable it to conduct investment management and advisory activities.“ Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, said: “Last year has been a good period for TBI and we have continued to support businesses and financial institutions to facilitate growth and expansion across many sectors. “We have achieved this success through prudent risk management and our aggressive technology-supported expansion strategy. “We will continue to thrust our technology-driven customer service initiatives in order to ensure more efficient and diverse services to our customers, reduce costs, and improve productivity. “As part of our strategic plan, we are aiming for bigger retail and international business to achieve a growth rate of 30% of our total revenues, year on year basis, in the next three years through new technology-driven, need-based product offerings and international expansion. “As TBI moves forward with its 2020-23 strategic plan that will take the bank higher, it will continue to play a pivotal and influential role in Iraq’s ongoing recovery.” (Source: TBI) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 7 view(s)
  • BatmaninIraq's Avatar
    Today, 02:24 AM
    Did anyone noticed that once the IQD rate down the value of CRYPTO Currencies goes down as well
    4 replies | 3601 view(s)
  • Investors Iraq News's Avatar
    Today, 01:47 AM
    A United Nations report published today finds that some children in Iraq are still unable to receive education in the aftermath of the territorial defeat of the Islamic State in Iraq and the Levant over two years ago, saying they cannot access schools or obtain key civilian documentation necessary for enrolment in state schools. The Right to Education in Iraq: The legacy of ISIL territorial control on access to education is jointly released by the United Nations Assistance Mission for Iraq and the UN Office of the High Commissioner for Human Rights. The report is based upon 237 interviews and group consultations with children, youth, parents and teachers in areas that were controlled by Da’esh/ISIL until their territorial defeat in December 2017. Several of those interviewed said that they could not move freely in and out of IDP camps due to restrictions on their movement, preventing them from daily activities such as attending schools outside the camps. One boy from a displacement camp in Ninewa Governorate said: “There is no future in the camp anyway, what am I going to do here? Why do I need an education for this life? It has been so long since we were at school, our minds feel closed to learning, some of us can no longer even read and write. We have no support to overcome these things. Even if I could take the exams, I would not pass them. I don’t see a future for myself.” The UN High Commissioner for Human Rights Michelle Bachelet said the importance of the right to education for children and young people cannot be overstated: “When the full enjoyment of this right is impaired for any reason, their lives and futures are severely impacted … Inclusive, quality education is not just a right in itself but it is essential for the full realisation of a range of other human rights. Education literally has the power to transform lives and make dreams come true.” While acknowledging the steps taken by the Government to ensure access to education, the report identifies two main challenges specific to the community. Firstly, the absence of appropriate programs aimed at reintegration of students into the state education system, particularly given that many have suffered a significant time gap in their schooling. Secondly, the impact that limited access to civil documentation is having on school enrolment. The report indicates that these issues have been compounded by the fact that many adolescents have now reached an age that where traditional primary or junior education may no longer be appropriate, that there are an insufficient number of schools or accelerated learning programmes, inadequate teaching hours, and movement restrictions. The report calls on the Government of Iraq to take measures to overcome existing administrative and security clearance challenges for children to obtain civil documentation and to revise existing provisions of accessible forms of education for children who have missed years of education due to ISIL control. The report was shared with the Government of Iraq and integrates comments received from the Ministry of Education, annexed to the report. “Access to education must be guaranteed for every Iraqi child,” said Danielle Bell, Chief of UNAMI Human Rights Office. “Alternatives for those who missed out on their school years due to conflict must be found.” For the Arabic version of the report, please click here For the English version of the report, please click here (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 7 view(s)
  • Investors Iraq News's Avatar
    Today, 01:47 AM
    By John Lee. An article for Port Strategy has questioned whether Iraq’s huge Al Faw port project is it really necessary, or is just a ‘rice bowl’ for a select few enabled by dysfunctional government? “It appears to be a text book case study in a government and civil society short on technical and commercial competence as well as oversight and “checks and balances” but inventive and “entrepreneurial” when it comes to kickbacks and corruption“, the report suggests. Click here to read the full article. (Source: Port Strategy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 8 view(s)
  • crazyfrank's Avatar
    Yesterday, 06:56 PM
    Greetings all, In my own search for valid, and most of all reasonable information on our Dinar quest, along with info here, I have found this weekly Wednesday webcast by Trusts Unlimited to be the most level headed source, with a current perspective/forecast on the situation in Iraq happening right now. I am not promoting their product though, its just the summary at the very beginning that I find most informative, as far as their product sales pitch afterward though, you are on your own there. I will post a link below to this weeks podcast (there is no video, its just audio on this), and welcome your feedback. https://www.youtube.com/watch?v=yv1d-6G6NCc
    0 replies | 32 view(s)
  • dollarsign's Avatar
    Yesterday, 04:06 PM
    Thanks for your kind words ETA. To anyone who may have been encouraged to stay the course, and not give up, the pleasure has been mine. ​$
    46 replies | 36845 view(s)
  • ETA's Avatar
    Yesterday, 02:59 PM
    . Absolutely./B] You started a journey long ago. For it is your full right of passage. I have been fortunate enough. To follow you And be with you in this journey. You are wise and see things others do not. So I step aside when you walk to the bar and buy first round. I am honoured to be able to buy the second round. Because our journey has been long. And to reward ourselves. By sticking to our beliefs. That's not been easy. And as you have told me. It takes a lot of mettle. We're not at the finish line yet. We will stay vigilant ... we know our time is coming. Honestly saying that you are the icing on the cake. You are top shelf. Your. Top Gun, It's been a great journey. ..it just would have not been the same without you. Again, thank you friend. You are top shelf.
    46 replies | 36845 view(s)
  • dollarsign's Avatar
    Yesterday, 01:38 PM
    Information on how to access information from Dollarsign can be found at ngsmash@hotmail.com $
    46 replies | 36845 view(s)
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