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  • Investors Iraq News's Avatar
    Today, 01:18 AM
    The United Nations Human Settlements Programme (UN-Habitat) welcomes an additional contribution of USD 3.6 million from the Government of Japan to support reconstruction and peacebuilding in Iraq through the rehabilitation of war-damaged houses and construction of low-cost housing units in Sinjar, Ninewa Governorate. Under the new phase of this project, UN-Habitat will improve living conditions in Sinjar through a comprehensive urban recovery approach, including (a) rehabilitation of public spaces and infrastructure, (b) construction of low-cost housing units to accommodate returnees whose houses are totally destroyed and have not received any support for rehabilitation or reconstruction of their houses, and (c) vocational training. Graduates of the vocational training will be employed for rehabilitation and construction activities implemented by UN-Habitat, which will contribute to rebuilding their livelihoods. His Excellency Mr. Hashimoto Naofumi, Ambassador of Japan to the Republic of Iraq, stated: "Japan has recently decided to provide a new assistance package for Iraq amounting to USD 41 million including this project as assistance for conflict-affected areas in Ninewa Governorate. With this package, the total amount of Japan's assistance to the people affected by the crisis reaches USD 540 million since 2014. "I hope that the assistance from the Government and people of Japan will help rebuild livelihoods of affected communities through rehabilitating community infrastructure and housing units". UN-Habitat is grateful to the people and the Government of Japan for their continuous generous support which allows integration of the New Urban Agenda and physical interventions for post-conflict reconstruction and peacebuilding. In line with the New Urban Agenda, UN-Habitat is committed to promote adequate services, accommodation and decent job opportunities for conflict-affected persons in urban settings. With a contribution of approximately $55 million since 2015, the Government of Japan has been a vital partner to UN-Habitat's Iraq Programme. (Source: Reliefweb) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 10 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 10:05 PM
    The Finance Committee comments on the central bank’s decision to stop the flow of the dollar 04/3/2020 17:34 The Finance Committee comments on the central banks decision to stop the flow of the dollarBaghdad today _ Baghdad The Finance Committee commented, on Friday, on the Central Bank’s decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value, in order to fill part of the budget deficit and the needs of the government. The committee’s rapporteur, Ahmed Al-Saffar, said in an interview with (Baghdad Today) that “reading the central bank’s intention to stop the flow of the dollar and floating the dinar to fill part of the state’s budget deficit is impossible, but it may be in harmony with the current situation to compensate for the shortfall in oil revenues” . Al-Saffar added, “At the same time, the central bank may also be unintentional because of the curfew and the suspension of most life activities.” And the rapporteur of the Finance Committee in Parliament, Ahmed Al-Saffar, spoke last Sunday about the authority of the Central Bank to issue a set of decisions on withdrawing the commission of the US dollar. Ahmed Al-Saffar said, in an interview with (Baghdad Today), that “the decisions issued by the Central Bank regarding the commission of withdrawing the US dollar are considered within its powers and it is who determines the interest rate, whether by depositing or withdrawing.” Al-Saffar added, “Iraq’s revenues from selling oil go to the Ministry of Finance account at the US Federal Reserve, which the central bank has a branch in,” explaining that “the process is that the revenues are transferred to the central bank account and the bank transfers it to the Iraqi dinar to the Ministry of Finance to pay salaries.” employees”. He continued, “The process of withdrawing the dollar and depositing it is related to the policy of the central bank, which is monetary policy. The central bank has the right to raise or reduce interest rates, and this is one of the methods of monetary policy that you use.” On Sunday (March 29, 2020), the Central Bank of Iraq issued a set of decisions regarding the US dollar withdrawal commission. And included a document issued by the bank and received (Baghdad today): “The commission for withdrawing cash for the US dollar, which comes from the incoming transfers to the bank to our accounts in the American Federal Bank, as well as the transfers received to banks from other banks by a rate of seven thousand.” The bank added: “The amounts of the above remittances are transferred to banks by (75%) in cash in dollars according to the above commission, and (25%) pay Iraqi dinars at the official bank rate (1182) dinars to the dollar.” He continued: “The banks must spend the (25%) above on their remittances customers at a price of (1200) dinars / dollars, and submit their requests at the end of each month to the accounting department at the central bank for the purpose of addressing the two price differences in our accounts in Iraqi dinars.” And he continued: “Banks can spend the full amount of the transfer received in the Iraqi dinar if the customer desires to do so. He stressed, “The above mechanism does not include customer deposits in dollars in cash, where it is paid to the customer in full, but is limited to customers who receive remittances received from outside Iraq of any kind, and internal dollar transfers between their banks in our accounts.” baghdadtoday.news
    1 replies | 53 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 07:28 PM
    The central bank talks about when to stop the high dollar exchange rate in Iraq Baghdad / ... The Central Bank of Iraq media revealed, on Saturday, the implementation of several steps to control the high exchange rate of the dollar in the markets, most notably the opening of outlets for sale and the strengthening of banks in hard currency. The director of media and relations at the Central Bank, Acer Jabbar, said in a press statement, "that the rise in the exchange rate of the dollar against the local currency ends this week." Jabbar said, "The Central has implemented a number of steps to control the exchange rate of the dollar," noting that "the bank will try and in any way to curb this large disparity." He expected, "This week will witness a solution to this issue related to the rise in dollar prices." The exchange rate of the dollar in the local markets during the past days increased, reaching sometimes from 126 to 128 thousand dinars per 100 dollars.
    1 replies | 58 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:00 AM
    Iraqi regulator suspends Reuters' license for 3 months over COVID-19 reportIraqi authorities should immediately reinstate the license of the Reuters news agency, and allow all media outlets to cover the COVID-19 pandemic freely, the Committee to Protect Journalists said today. Yesterday, the Communications and Media Commission (CMC), Iraq's media regulator, suspended Reuters' license for three months and fined it 25 million Iraqi dinars ($21,000) for a news report published the same day, which alleged that the number of confirmed COVID-19 cases in the country are much higher than official statistics, according to a statement from the regulator and news reports. In its statement, the regulator accused Reuters of relying on vague and untrue sources to fabricate news about pandemic in Iraq, and accused Reuters of endangering public safety and hindering the government's efforts to prevent the spread of the virus. It also urged Reuters to issue a public apology to the government and the Iraqi people. CPJ's Middle East and North Africa Representative Ignacio Miguel Delgado, said: "If Iraq's media regulator continues to suspend media outlets critical of the authorities, soon there won't be any outlet left in Iraq at a time when the flow of news is vital to contain the spread of the COVID-19 disease. "We call on Iraq´s media regulator to restore Reuters' license and allow its staff to do their jobs freely and without fear of reprisal." The Reuters report cited three doctors involved in the COVID-19 testing process, a health ministry official, and a senior political official, all of whom spoke on condition of anonymity because medical staff have been instructed not to speak to the media. Those sources alleged that the number of confirmed COVID-19 cases was thousands higher than the official count of 772. After the report was published, the Iraqi government on its official Twitter account criticized "some news agencies" for falsely claiming that the numbers disclosed by authorities were inaccurate. In a statement sent to CPJ via messaging app, Reuters said it had not received any notification from Iraqi authorities regarding the license and was seeking clarification on the matter. The news agency said it stands by the story. Iraq has also suspended the printing and distribution of newspapers to prevent the spread of the coronavirus, according to news reports. Yemen, Oman, Jordan, Morocco, and Iran have similarly banned newspapers, as CPJ has documented. On April 1, the Iraqi Communications and Media Commission issued a series of new regulations restricting the movement and work of journalists and media outlets, forcing radio stations and broadcasters to reduce their staff to a minimum, requiring journalists and media workers to wear protective gear, and providing the Joint Operations Command and the Baghdad Operations Command with a list of licensed radio stations and broadcasters, according to news reports and the local press freedom group the Press Freedom Advocacy Association in Iraq. The Media and Communications Commission did not immediately reply to CPJ's request for comment sent via email and social media. (Source: CPJ) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 01:00 AM
    By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Soleimani's successor visits Iraq, then Trump tweets warning to IranPresident Donald Trump took to Twitter on Wednesday to warn Iran against further attacks on US forces in Iraq - the same day that Iraqi officials told the Associated Press that the new head of the Quds Force had recently visited Baghdad. "Upon information and belief, Iran or its proxies are planning a sneak attack on U.S. troops and/or assets in Iraq," Trump tweeted. "If this happens, Iran will pay a very heavy price, indeed!" Iranian Foreign Minister Mohammad Javad Zarif did not directly deny an Iranian plot in Iraq in his tweeted rebuttal. Instead he characterized Iranian proxies as "friends" and obliquely referenced Trump's January strike on former Quds Force commander Qasem Soleimani in Baghdad. Click here to read the full article. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • BatmaninIraq's Avatar
    04-03-2020, 01:17 PM
    Al-Zarfi stresses the importance of developing investment activity and reducing financial waste Friday 03 April 2020 - 10:52 Baghdad- Conscious Prime Minister-designate Adnan Al-Zarfi on Friday stressed the importance of developing investment activity and reducing financial waste. "Prime Minister-designate Adnan al-Zarfi has received deputy planning minister Maher Hammad and the head of the Iraqi Bank of Commerce Faisal al-Haym," the prime minister's press office said in a statement received by the official Iraqi news agency INA. "During the meeting, the financial and economic situation, the repercussions of the Corona virus and the collapse of oil prices and their impact on the overall situation in the country, the incidence of poverty, the number of employees, retirees, the unemployed, the gainers and those covered by social welfare were discussed," the statement said. "The importance of revitalizing the banking sector, moving the current monetary bloc, preparing financial and economic plans and programs to counter the current recession, revitalizing the private sector, developing investment activity, reducing and rationalizing spending and reducing financial waste," he said.
    1 replies | 58 view(s)
  • Investors Iraq News's Avatar
    04-03-2020, 12:00 AM
    By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 105,102,927 barrels, giving an average for the month of 3.390 million barrels per day (bpd), essentially the same as the 3.391 million bpd exported in February. These exports from the oilfields in central and southern Iraq amounted to 101,395,907 barrels, while exports from Kirkuk amounted to 3,287,439 barrels, and from Qayara 129,041 barrels. Exports to Jordan were 290,540 barrels. Revenues for the month were $2.989 billion at an average price of $28.436 per barrel. February export figures can be found here. (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-03-2020, 12:00 AM
    Prime Minister Adil Abd Al-Mahdi on Wednesday chaired a meeting of the Higher Committee for Health and National Safety. The Committee was established to direct and coordinate Iraq's national efforts to combat Covid-19. The Committee agreed a number of measures, including: Exempting all medicines, medical supplies and devices, diagnostic and laboratory equipment from import license regulations Transferring 50 million US dollars to the General Company for Marketing Medicines and Medical Supplies Establishing a committee to assess current and future market needs in terms of food, medical supplies and agricultural produce, with a mandate to promote Iraqi products Facilitating the transit of lorries and refrigerated trucks carrying foodstuff, agricultural products, medical and veterinary materials between provinces and within cities Monitoring the prices of essential goods to ensure that they remain stable, and to take measures against profiteers, according to law Facilitating the transport of agricultural harvesters and livestock between provinces Establishing a committee at the General Secretariat of the Council of Ministers to investigate and report on support mechanisms for workers in the private sector during Covid-19 Establishing a committee to be chaired by the Minister of Planning to report on the financial impact of Covid-19 on citizens, and to suggest options to provide financial support to affected groups, especially those on low income The Committee also discussed declaring a national day of solidarity to show support for those leading the national effort to combat Covid-19, to thank all Iraqis for their steadfastness and unity, and to pay the nation's respect to Iraqi families who lost loved ones because of Covid-19. During the proposed national day of solidarity, which will be specified later, sirens will sound at a particular moment in the day, and the national anthem will be played on all TV channels, radio stations and other media throughout Iraq. The Higher Committee for Health and National Safety, which is chaired by the Prime Minister, includes several ministers, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the National Security Adviser, and a number of other officials. The Committee is mandated with setting out policies, and adopting the necessary measures to contain Covid-19. It will also coordinate with the Council of Representatives (Parliament), the judicial authorities, as well as relevant international organisations. The Government Crisis Cell will continue to have responsibility for taking the necessary preventive measures and the delivery of Covid-19 health services, subject to the approval of the Prime Minister. (Source: Govt of Iraq) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-03-2020, 12:00 AM
    By Lujain Elbaldawi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi government calls on civil society to fight COVID-19Despite the Iraqi government's intensive efforts to fight the novel coronavirus, it seems unable to accommodate the difficult circumstances due to its limited resources, not to mention the political crisis that has been plaguing it since protests erupted in October 2019. The Iraqi government is thus calling on civil society and charities to provide aid with their resources. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-03-2020, 12:00 AM
    By Maurizio Coppola for openDemocracy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. While the Iraqi government imposes a curfew and some cities close schools, universities and malls to limit the spread of the coronavirus, living conditions are getting more and more precarious due to lack of social and health protection. Social protests are shrinking due to risk and fear of contagion, but tens of thousands of people continue to build popular solidarity. The coronavirus has now reached the Middle East and North Africa and is having a serious impact on people's daily lives. Today, the virus is also producing important changes with regard to the social protests that had begun to rock a number of states in the region in the past year. More here. (Source: openDemocracy) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-02-2020, 12:09 PM
    Intelyse, a Sicuro Group company, has announced that it is will provide extraction flights for clients to get them home from Iraq during the coronavirus/COVID-19 crisis. It will fly people from Baghdad and Erbil to Doha, using a 150-seat Boeing 737-700. The first flight goes into Iraq next week with a further two flights to follow. (Source: Sicuro) Source: Iraq-BusinessNews.com. Post your commentary below.
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    04-02-2020, 10:00 AM
    By John Lee. Russia's Gazprom Neft has reportedly said it will not reduce investment in its projects in Iraqi Kurdistan, despite a request from the Kurdistan Regional Government (KRG) to do so. Reuters reports that following a slump in oil prices, oil producers have been asked to reduce their investments, which governments often have to partially reimburse as part of their contractual arrangements. Gazprom Neft holds a participating interest of 40 percent in the Garmian block and 80 percent in the Halabja and Shakal blocks. The Sarqala field is located within the Garmian block. More here. (Source: Ekurd, Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-02-2020, 10:00 AM
    By John Lee. The coronavirus pandemic has reportedly led to thousands of new jobs to truck drivers in the Kurdistan Region. According to a report from Rudaw, while the Ibrahim Khalil border crossing between Turkey and Iraqi Kurdistan has been closed to tourists and truckers alike, freight is being transferred to local truck drivers to be delivered to destinations in the region. More here. (Source: Rudaw) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 15 view(s)
  • Investors Iraq News's Avatar
    04-02-2020, 10:00 AM
    The Iraqi Children Foundation (ICF) has announced that, due to the ongoing COVID-19 crisis, it has made the difficult decision to cancel its annual "In Their Shoes" 5K run, originally scheduled for June. In a statement, the ICF also renewed its call for donations to help it support Iraqi children and their families: Dear friends, At ICF, our highest priority is the health and safety of Iraqi children, and of our community of wonderful supporters around the world. With this in mind, and considering the ongoing COVID-19 crisis, we have made the difficult decision to cancel our "In Their Shoes" 5K in June this year. While we are disappointed that we will not get to meet in person in June, we need your support now more than ever. Iraqi children and their families face many of the biggest challenges imaginable, now including the rapid spread of COVID-19. We are committed to continuing to support these children with essential services including healthcare and nutrition, and we will continue to update you with how we are responding to the ever-evolving challenge of the current pandemic. Please watch this space for more information about how you can support and help us grow our community. We look forward to staying in touch virtually for now, and we will look forward to seeing you for our "In Their Shoes" 5K in 2021. We will be in touch with anyone who has registered online for the 5K already to outline next steps. If you have the capacity to donate at this critical time, please click the button below. Thank you for your ongoing support; together we will continue to work to protect the vulnerable orphans and street children of Iraq. With love, The ICF Team Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-02-2020, 07:52 AM
    By Adnan Abu Zeed and Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi prime minister-designate faces challenges in gaining political supportAs Iraq's Prime Minister-designate Adnan al-Zurfi struggles to secure adequate parliamentary votes for his candidacy, Iraqi political parties are uncertain about whether they should support him, find a new candidate or even keep caretaker Prime Minister Adel Abdul Mahdi in office. President Barham Salih nominated Zurfi on March 17. He must now form a cabinet and obtain parliamentary approval for that Cabinet by April 17 to become prime minister. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 15 view(s)
  • Investors Iraq News's Avatar
    04-02-2020, 07:52 AM
    The Government of Japan has contributed US$ 1.3 million towards UNFPA interventions for integrated lifesaving reproductive health and gender-based violence services to vulnerable women and girls in five governorates across Iraq. UNFPA has been adopting an integrated approach to enable women and girls to receive a comprehensive package of services, continuum of care, as well as timely referrals. The Japanese contribution will ensure that 40,000 women and girls, out of whom 25,000 are pregnant women, from the IDP, returnee, and refugees in the humanitarian settings in Anbar, Diyala, Kirkuk, Ninewa and Salah Al-Din governorates, have access to prevention and response to reproductive health and gender-based violence services which include awareness-raising sessions and case management, as well as consultations and treatment. In addition, the new commitment will enable UNFPA to improve the capacity of national service providers, especially female caregivers, to deliver high-quality assistance, including psychosocial and referral services in the targeted five governorates. Dr Oluremi Sogunro, UNFPA Representative to Iraq, said: "We are thankful for Japan's trust in UNFPA programme in Iraq ... Women and girls continue to suffer from the impact of the humanitarian crisis. "Thanks to Japan's trust, we will ensure that not only we provide the muchneeded reproductive health and gender-based violence services but we strengthen the existing national capacities to build the resilience of the system." His Excellency Mr Naofumi Hashimoto, Ambassador of Japan to Iraq, stated: "Japan has recently decided to provide a new assistance package for Iraq amounting to USD 41 million including this project as assistance for women and girls. "With this package, the total amount of Japan's assistance to the people affected by the crisis reaches US$ 540 million since 2014. I hope that the assistance from the Government and people of Japan will help ensure protection of women and girls among IDP, returnee and refugees." Japan has been a UNFPA long-standing partner with contributions amounting to a total of US$ 11,852,085 over the last five years ensuring women and girls across Iraq have access to health and protection services. UNFPA, the United Nations Population Fund, delivers a world where every pregnancy is wanted, every childbirth is safe and every young person's potential is fulfilled (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • BatmaninIraq's Avatar
    04-02-2020, 01:50 AM
    The central bank announces that it will begin to boost bank balances abroad through the foreign currency sale window | readings: 97 Baghdad / Nina / The Central Bank of Iraq announced that it would begin to boost bank balances abroad through the foreign currency sale window. A bank statement said: The efforts of various institutions in our country are joining together to combat the Corona epidemic and to get out safely from this crisis. He called on banks, exchange companies and electronic payment companies to take their responsible role at this stage. He added: Although the curfew has affected the activities and actions of all official institutions, including the Central Bank of Iraq, we have taken the initiative to employ our cadres in order to sustain the payment of salaries and finance of food, agricultural, medical and all necessary materials. He stressed that there is no change in his policy in financing trade and imports, which will resume after the ban is completely lifted. He explained: As for the current stage, the bank will begin to enhance bank balances abroad through the window of selling foreign currency according to a schedule of working days and according to the requirements of the situation and this is to be reported first-hand, for the purposes of financing the credits of importing foodstuffs, agricultural supplies, medical materials and goods necessary for the country and citizens.
    1 replies | 53 view(s)
  • Investors Iraq News's Avatar
    04-01-2020, 06:21 PM
    By John Lee. UAE-based Dana Gas is reported to be considering spinning off its upstream business, which would include its 35-percent stake in Pearl Petroleum, which owns the righs to the Khor Mor (pictured) and Chemchemal fields in the Kurdistan Region of Iraq (KRI). TradeArabia quotes Hamid Jafar, Chairman of Dana Gas, as saying: "We are studying the feasibility of a demerger as we believe it could be value accretive for our shareholders." The new company would also be listed on the Abu Dhabi Stock Exchange (ADX). More here. (Source: TradeArabia) Source: Iraq-BusinessNews.com. Post your commentary below.
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    04-01-2020, 06:21 PM
    Ambassador Stephen Hickey addresses IBBC members via videoconferenceOver 50 Iraq Britain Business Council (IBBC) members yesterday participated in a video conference call with Ambassador Stephen Hickey, from his office in the UK Baghdad Embassy. The Ambassador updated members on the current situation in Iraq, covering four key areas of interest: COVID 19 response and challenges, The Political landscape and implications for Government , the Economy and impact of oil prices, and Security and how this is impacting on coalition activity in the region. The Ambassador took questions from a number of members concerned about decision making within Government at this time of uncertainty, the role and support of UKEF regarding on going projects, the role of the dollar and local currencies, the likely nature of a new Government, and the general outlook for Iraq. Feedback from the Conference suggests videoconferencing will become a regular feature of IBBC activity and reporting, due to the high volume of attendees, and IBBC expect to set up regular calls with Ministers, institutions and officials to engage with members directly and as a group. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-01-2020, 06:21 PM
    By Dr Khalil Abdul Kareem, Manager, AMAR ICF Clinic, Khanke Camp, Iraq. Iraqis Prepare for Another War. This Time it's Covid-19Life is so unfair. Just when you think a displaced person's world can't get any worse here in northern Iraq, along comes a virus that threatens to be the biggest disaster of all. For almost six years, hundreds of thousands of Yazidi men, women and children have lived a truly miserable life. First the monsters of Daesh (ISIS) attacked their towns and villages. Thousands were killed and thousands more women and girls were kidnapped, raped and sold as slaves. The rest managed to escape. But they left behind their homes, their precious possessions, their jobs. Their lives changed beyond recognition for ever. Since then, the majority have been forced to live in the sprawling displacement camps. For years now they have slept under canvas, on hard concrete floors. Sanitation is basic. This part of Iraq is dreadfully cold in winter and insanely hot in summer - it is sometimes more than 50c! It is the perfect breeding ground for sickness. Now we are faced with COVID-19. In an environment like this, it will spread like wildfire unless we take every possible precaution. It is a race against time. Here in Khanke Camp, on the outskirts of the city of Dohuk, we have been working non-stop. Khanke is home to more than 15000 people, and there are almost double that amount of people living as IDPs around the perimeters. I manage the only health centre here, which is run by the UK-based charity The AMAR International Charitable Foundation (www.amarfoundation.org) We have a small staff of locally trained medical professionals - doctors, nurses, lab technicians and pharmacists - and around 25 women health volunteers (WHVs). For the last week we have all been working non-stop to try educate the entire camp about how to keep COVID-19 at bay. The place is already over-crowded and there can be as many as 10 people sharing just one tent. All our teams are out from first light, visiting people and giving them as much information as we possibly can. The biggest message is of course to wash your hands for at least 20 seconds. Something that is very easy to do when you have access to a proper bathroom and running water, but not so easy here. But people are scared, so they are really getting the message. They understand the need to distance and to stay away from others as much as they can. Our clinic is staying open six days a week, and we get up to 200 patients a day. Gastric infections are commonplace of course, as is flu, hypertension, chronic anxiety and depression. Now every patient is given a lesson in how to keep themselves safe from COVID-19. Everyone knows it's a threat. They all see it on the news, so they are eager to find out any way they can to protect themselves. My staff too - like medics around the world - are frightened they could be the first to develop the symptoms. They all have families. Most are the sole providers. If they get sick, what will happen they ask me. We all take every possible precaution. But access to PPE is limited. The Dohuk Health Directorate supply us, but they have limited stocks of masks, gowns, gloves. Certainly nowhere near enough to supply the population of the entire camp. We need outside help and support. Right now. We have done what we can. The rest is up to god. We pray COVID-19 will not make it here. SUPPORT AMAR ICF VIA VIRGIN MONEY HEREorPLEASE FIND THE DONATION FORM HERE Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-01-2020, 06:21 PM
    KEY MESSAGES 695 confirmed cases of COVID-19 in Iraq as of 1 April 2020 50 fatalities confirmed due to COVID-19 as of 1 April 2020 170 patients who have recovered from the virus Curfews/airport closures extended WHO expects spike in recorded cases due to increased testing New ministerial high committee formed SITUATION OVERVIEW As of 1 April 2020, the Iraqi Ministry of Health has confirmed 695 cases of COVID-19 in Iraq; 50 fatalities; and 170 patients who have recovered from the virus. Approximately one-quarter of the cases are in the Kurdistan Region of Iraq (KRI; the remainder are in federal Iraq. The Government of Iraq (GOI) has extended curfews and movement restrictions in federal Iraq until 19-April. The Kurdistan Regional Government (KRG) has extended curfews and movement restrictions until 10-April, and announced that government offices will remain closed until 16-April. Airports throughout Iraq and the KRI will remain closed until 11-April. The GOI has established a ministerial High Committee for National Health and Safety to help contain the outbreak of COVID-19. The committee is chaired by the Prime Minister and includes the Ministers of oil, finance, planning, foreign affairs, interior, higher education, trade, health, agriculture, labor and social affairs, communications and transportation. Other members include the National Security Adviser, Civil Aviation Authority Director, Kurdistan Region representative, Communication and Media Commission Director, Border Authority Director and the head of the Iraqi media network. The confirmed case load in Iraq has doubled over the past week, which the World Health Organization (WHO) attributes primarily to more labs opening throughout the country and the increased availability of testing. There is expected to be a continued surge in confirmed cases in coming days. The Iraqi Red Crescent Society has undertaken a mass disinfection campaign throughout the country, sterilizing thousands of sites including markets, shops, residential areas, hospitals, health institutions, prisons, mosques and shrines. Camp management actors are working with the Iraq Information Centre (IIC) on the mass dissemination of information related to COVID-19 prevention and preparedness via SMS for families living in camps. The IIC is a call centre that provides information on humanitarian assistance in Iraq to IDPs, returnees, asylum seekers, refugees, and vulnerable host community members. Some banks are re-opening in both KRI and federal Iraq, on reduced operating hours. This is expected to help ease reported problems with cash-based transfers to people in camps, as well as the payment of salaries for national staff. Partners continue to monitor the liquidity of financial institutions. (Source: OCHA) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-01-2020, 04:20 PM
    Over the past few years, Iraq's health system has faced many challenges, including internal conflict and the world's biggest mass displacement in 2014-2016, all of which had a tough toll on an already fragile health system. With the detection of COVID-19 in China in December 2019, WHO immediately initiated preparedness efforts, and arranged a series of technical meetings with emergency teams in both federal and regional ministries of health to assess health facilities' resources and preparedness capacities to respond to a potential importation of the disease. The sudden eruption of the virus in neighbouring Islamic Republic of Iran scaled up the risk of the disease spread in Iraq and necessitated faster prevention and infection control measures especially in the holy cities and pilgrimage sites, bordering governorates, and vulnerable communities in internally displaced and refugee camps. Dr Adham Ismail, WHO Representative and Head of Mission in Iraq, said: "WHO is aware of the impact of a pandemic like COVID-19 on Iraq's health sector and recovering services. "We discussed with the health authorities in the Center and Kurdistan Region the means of urgent support to contain the transmission of the disease in the country. Joint work is underway and cooperation is at highest levels." On 2 February, WHO proactively began strengthening national disease surveillance capacities in Iraq and providing case definition and management training, in addition to large-scale risk communications activities. Hundreds of thousands of prevention and transmission control messages were printed and provided to 20 directorates of health in the 18 governorates, including the Kurdistan region governorates of Erbil, Dohuk, and Suleimaniya. Mobile health teams took to main streets, public and religious places, remote cities and hard-to-reach villages in addition to airports, border points, state institutions, and camps hosting refugees and internally displaced people. Maha Salam and Najah Ahmed from Wasit Directorate of Health in Wasit governorate, eastern Iraq, were among the mobile health team distributing WHO health messages to the public as early as 16 February 2020. Early mobilization campaigns to distribute WHO COVID-19 educational materials succeeded in raising public awareness and readying preparedness efforts to protect individual health and that of the community in general. WHO is working with the federal and regional ministries of health to increase and augment case management capacities, as well as detection and surveillance. An urgent consignment of PPEs and laboratory test kits was delivered to ministries of health to enable the timely detection of cases and protect health workers in designated hospitals. As of 30 March, Iraq reported a total of 572 confirmed cases with 42 deaths and 143 recoveries all over the country. The reported figures are still moderate so far, but WHO expects a spike in the coming two weeks due to the scale up in laboratory testing capacity which are going to be of high importance in terms of infection transmission and control," concluded Dr Ismail. (Source: WHO) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-01-2020, 04:20 PM
    Newly trained women in Ninewa produce face masks to combat spread of COVID-19 in IraqIn January 2020, UNDP and Kurdistan Human Rights Watch (KHRW) collaborated to train sixty women on sewing and tailoring in Ninewa over the course of a ten-day workshop. At the time, these women could not have foreseen how their newly developed skills would contribute to combatting the deadly coronavirus disease (COVID-19) pandemic currently sweeping the globe. As of 25 March 2020, the World Health Organization has tracked over 400, 000 cases of COVID-19 with over 18, 000 confirmed deaths. The pandemic has affected 197 countries, areas, and territories, including Iraq. When a pharmaceutical company contracted by the Ninewa Department of Health was tasked with producing five million disposable face masks in response to the spread of COVID-19, thirty of the recently trained women were employed to use their skills to produce the masks. After briefings on the health standards and nature of the environment required for mask production, the seamstresses began creating thousands of masks daily in controlled conditions. Working swiftly to produce this vital personal protection equipment despite the curfew in Ninewa Governorate, these skilled women are directly contributing to the mitigation of COVID-19 in Iraq. Aseel, 45, says: "We have produced thousands of pieces and the major portion is delivered to the Ninewa Health Department. Some other organizations are also receiving face masks from us and they distribute those free of cost in communities and camps." Not only has the sewing and tailoring skills training empowered sixty women with new abilities, it has also instilled within them hope for their futures. Sustainable development projects such as these are at the forefront of UNDP Iraq's priorities. Nora, 37, says: "I am working on developing myself in the sewing profession and in the future, I would like to create a workplace for sewing or a small factory." The organization and facilitation of skills development workshops with Kurdistan Human Rights Watch is part of a project spearheaded by UNDP Iraq under the Social Cohesion Programme, which aims to improve the enabling environment for peace and social cohesion in all areas of Iraq. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    04-01-2020, 04:20 PM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has seen a relatively low number of infections compared to its neighbour, Iran, the regional hotspot of the pandemic. Iraq has reported 547 confirmed cases and 42 deaths. But there is growing concern the virus could overwhelm its fragile healthcare system. Al Jazeera's Simona Foltyn reports from Baghdad. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    03-30-2020, 11:56 PM
    By John Lee. French container transportation and shipping company CMA CGM, has announced the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to Terminal Link. Among the facilities involved is the Umm Qasr Terminal in Iraq. The Terminal Link joint venture was created in 2013 and is 51% owned by CMA CGM and 49% by CMP. In line with the terms and conditions of the agreement announced on 20th December 2019 this first transaction represents a total all-cash consideration of USD 815 million. It will enable Terminal Link to expand its geographic footprint and global network, thereby enhancing its business development prospects. This initial disposal includes the following terminals: Odessa Terminal (Ukraine) CMA CGM PSA Lion Terminal (CPLT), Singapore Kingston Freeport Terminal (Jamaica) Rotterdam World Gateway (Netherlands) Qingdao Qianwan United Advance Container Terminal (China) Vietnam International Container Terminal, Ho Chi Minh City (Vietnam) Laem Chabang International Terminal (Thailand) Umm Qasr Terminal (Iraq) The sale of the last two terminals covered by the agreement between CMA CGM and CMP should be completed by the end of first-half 2020 for an all-cash consideration over USD 150 million, pending approval by the competent regulatory agencies. With this transaction, CMA CGM is proceeding with the delivery of its USD 2.1 billion liquidity plan announced on 25th November 2019. This plan among others reduces CMA CGM consolidated debt by more than USD 1.3 billion by the end of first-half 2020 and allows to extend certain financing facilities maturing during the year. The CMA CGM Group strengthens its balance sheet amidst the high uncertainty created by the global Covid-19 health crisis. While the crisis has had a limited impact in the first quarter of 2020, the Group expects a decline in volumes, particularly outbound to Europe and the United States. On this occasion, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, states: "This transaction, announced on the 20th of December 2019, is an important step in its 2.1 billion USD liquidity plan and will allow us to strengthen our balance sheet. Amid the high uncertainty created by the COVID-19 health crisis, the closing of this transaction as previously announced demonstrates the resilience of the CMA CGM Group." (Source: CMA CGM) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    03-30-2020, 11:56 PM
    By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, has reportedly called for the public prosecutor to launch an investigation into allegations that Russian state oil company Rosneft paid $250 million to a consultant to secure deals in Iraqi Kurdistan. Earlier this month, Bloomberg claimed that the oil company paid the money an unknown individual in 2017 and 2018 to become the dominant foreign player in the Kurdish oil industry. More here. (Source: Ekurd) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    03-30-2020, 11:56 PM
    By John Lee. European countries including France, Spain and the Netherlands have reportedly announced the temporary withdrawal of troops from the anti-Islamic State (IS) coalition and NATO Training Mission in Iraq. According to Janes 360, the withdrawals follow an announcement by Combined Joint Task Force Operation Inherent Resolve (CJTF-OIR) that it had ceased training Iraqi security forces to reduce the spread of Covid-19. More here. (Source: Janes 360) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 16 view(s)
  • Investors Iraq News's Avatar
    03-30-2020, 11:56 PM
    By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Implementation of curfew to fight COVID-19 proves difficult in IraqIraq is working hard to limit the spread of the novel coronavirus, which had infected 382 people in the country as of March 26, killing 36. However, people's refusal to comply with government instructions threatens to exacerbate the health situation. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 21 view(s)
  • BatmaninIraq's Avatar
    03-30-2020, 04:07 AM
    Victory Coalition: the option of printing the currency is destructive to the economy and Parliament must hold the government accountable 3/28/2020 14:32 Victory Coalition - the option of printing the currency is destructive to the economy and Parliament must hold the government accountable The victory coalition confirmed, on Saturday, that the option of printing the currency is devastating to the economy, stressing that Parliament should hold the government accountable. A member of the Victory Ali Al-Sunaid coalition said in a press statement that “the options revealed by the head of the Follow-up Cell in the Prime Minister’s Office yesterday, Friday, are catastrophic options for the state’s financial, economic and social security.” He called on Parliament to “hold the current government accountable for its reckless spending policies and misuse.” Authority to manage public interests. ” He added, “This government inherited a cash surplus from the Abadi government, which fought wars of liberation and unity with the lowest financial budgets. However, with rational management of wealth, it managed to hand over 14 billion dollars to the government of Abdul-Mahdi, in addition to the 2019 budget, but it was wasted, and today we are on the cusp of A stifling financial crisis due to the deterioration of oil prices. ” And Sunaid added that “what the head of the follow-up cell mentioned is dangerous and puts the government in front of legal and political accountability, saying that the state of the state will be affected starting next month (including the salaries of employees), which may prompt Iraq to print the currency as a last option, something that threatens the state of the whole state, and not It must be covered politically and conclusively by the beneficiaries at the expense of the country and the citizen. ” He pointed out that “the coalition of victory has always warned against the policies of waste, corruption and theft of wealth, the last of which was its warning on 10 March last,” calling for “a rapid recovery of the crisis and the development of valid and decisive solutions to ensure the state’s financial and economic security.” alliraqnews.com
    11 replies | 727 view(s)
  • Investors Iraq News's Avatar
    03-30-2020, 01:02 AM
    By John Lee. Iraq's National Investment Commission (NIC), in coordination with the General Committee for Free Zones, has announced the following investment opportunities: The expansional area in Khor Al- Zubair on the land lot No. (13/8 M 44 Hila and 1/3, 2/2, 1/3 M 20 Shaawan) with total area of (20,364,200 M²) that is overlooking khor Al- Zubair stream and adjacent to the sea port and the Fertilizers company with only 55 km paved distance from Safwan border point and full covered by the power grid services. Qaem Free zone , on the land lot No. (133/7533 M 21 Deyom Al- maneai) with total area of (430,000 M²) , the land is adjacent to Qaem Border Point and near to Electricity and water sources and close to the center of Qaem District while only (25) km distant from Ukaz gas field. Lands allocated for free zones in Qaem - Ukashat , on the land lot No. (133/7533 and 11/5 M 21 Deyom Al- maneai) with total area of (6,612,500 M²) , the land is adjacent to Qaem Border Point that is only 20 paved kilo meters distant from its strategic location which is close to the Phosphates factory in Ukashat near Ukaz Gas field. Willing investors are invited to apply through sending their applications to the One Stop Shop dept. of NIC oss@investpromo.gov.iq or by visiting the General Committee for Free Zones in Baghdad - Nidhal Street - White palace next to the Building of the General Committee for customs. (Source: NIC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 21 view(s)
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