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  • Investors Iraq News's Avatar
    Today, 09:53 AM
    By John Lee. The Iraqi government has retaken ownership of a property in Baghdad, after it said it was unlawfully sold to “the wife of a senior official in the previous government“. The Commission of Integrity said in a statement that “the property was sold by the official to his wife in violation to the legal controls stipulated in the Law of Sale and Rent of State Properties No. 32 of 1986, and without conducting a public bid.” The official was not publicly identified. (Source: Commission of Integrity) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 15 view(s)
  • Investors Iraq News's Avatar
    Today, 09:53 AM
    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. Will Iraqis get green light to enter restricted Green Zone?While new Iraqi Prime Minister Adel Abdul Mahdi has promised*to open Baghdad’s fortified Green Zone to*the public and to through traffic, there are doubts that he will be able to fulfill that pledge. The Green Zone, officially the International Zone,*is a 4-square-mile*area that’s home to*Iraqi government buildings for*the presidency, parliament, judiciary*and the*intelligence and national security staffs.*Also located there are various foreign*embassies, including those of the United States and the United Kingdom;*other*diplomatic missions; offices of international organizations, notably the UN; and residences of privileged Iraqis and*high-level officials. The restricted zone inconveniences many Baghdad residents, especially commuters. Opening the area could reduce heavily congested streets and slash the amount of time it takes to travel across town. It would also make it easier for citizens to access*government agencies. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 17 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 08:03 PM
    By John Lee. Baghdad has reached an agreement with Kurdish authorities to resume exports from the Kirkuk oilfields, via the Turkish port of Ceyhan (pictured). In a statement on Friday, the Ministry of Oil said between 50,000 and 100,000 barrels per day would be exported through the pipeline on behalf of the Baghdad-controlled State Oil Marketing Organization (SOMO). S&P Global Platts says SOMO has not exported any crude oil from Ceyhan since June 2017. (Sources: Ministry of Oil, S&P Global Platts) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 29 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:54 PM
    Advertising Feature Note: ISX will be closed on Tuesday (Nov. 20, 2018) due to a religious holiday (Birth of the Prophet). The next trading session will be on Wednesday (Nov. 21, 2018). Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th November 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD664 (+1.6%) / $711 (+1.6%) (weekly change) (-18.1% and -14.9% YTD change, respectively). The number of week traded shares was 49.2 bn and the weekly trading volume was IQD18.3 bn ($15.1 mn). ISX Company Announcements ISX will suspend trading of Asiacell (TASC) starting Nov. 20, 2018 due the AGM* which will be held on Nov. 26, 2018 to discuss and approve 2017 annual financial results. The national bonds owned by Al-Kindi of Veterinary Vaccines Drugs (IKLV) will start trading on the ISX on Nov. 18, 2018. The total number of the bonds that will start trading is 350 and each of them are from IQD5,000,000 category (ISX ticker: CBI25). Opening price for each bond will be IQD5,252,945 (IQD5,000,000 (price of the bond) + IQD252,945 (interest)) with +/-5% price change limit, and thus, the total value of the bonds that will start trading be IQD1,838,530,750 (350 X IQD5,252,945). Annual interest of the bond is 8% and the bond maturity date is Apr. 2, 2019. Original shares of Dar Al-Salam for Insurance (NDSA) will resume trading on Nov. 18, 2018 after deciding to increase the capital from IQD5.0 bn to IQD7.0 bn through 40% rights issue. The opening price will be IQD0.64 with +/-50% price change limit for the first session and after that, price will be able to change with +/-20% limit per day. Palastine Hotel (HPAL) will resume trading on Nov. 18* due to disclosing 2017 annual financial results. The National Bank of Iraq (BNOI) signed a trade finance agreement on Tuesday with the International Finance Corporation (IFC), a member of the World Bank Group, to help the bank’s client businesses access global markets, boosting trade and spurring economic growth. In addition, a Memorandum of Understating (MOU) was also signed between the two parties whereby the IFC will provide NBI with support related to the field of Corporate Governance. (BNOI Website) Baghdad Hotel (HBAG) resumed trading Nov. 13, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 44% cash dividend (0.44% dividend per share, 4.9% dividend yield). Cross Transactions: 44.6 bn shares of Zain Al-Iraq Islamic Bank (BZII) on Nov. 14, 2018, which represents 17.8% of BZII capital. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:54 PM
    By John Lee. The United Nations has advertised new positions in Iraq: Safe Return Capacity Building Officer, Heartland Alliance for Human Needs Program Management Officer, UNAMI – United Nations Assistance Mission for Iraq Interpreter, UNAMI – United Nations Assistance Mission for Iraq Heavy Vehicle Operator, UNAMI – United Nations Assistance Mission for Iraq Translator*UNAMI – United Nations Assistance Mission for Iraq Engineering Technician, UNAMI – United Nations Assistance Mission for Iraq Heavy Vehicle Operator, UNAMI – United Nations Assistance Mission for Iraq Associate Public Information Officer, UNAMI – United Nations Assistance Mission for Iraq Logistics and Procurement Assistant, ICMP – International Commission on Missing Persons Programme Management Specialist, UNDP – United Nations Development Programme (Source: UN) (Picture: Finger pressing a new career start button, from Olivier Le Moal/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 23 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:54 PM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Monitoring, Evaluation and Learning Manager, Mercy Corps Access to Finance Project Manager, Mercy Corps Procurement Manager, Mercy Corps National Field Officer- Community Engagement, IOM – International Organization for Migration CCCM Cluster Co-Coordinator, IOM – International Organization for Migration Programme Coordinator (Economic Recovery), IOM – International Organization for Migration Protection Assistant (Counter Trafficking), IOM – International Organization for Migration Data Developer, IOM – International Organization for Migration Administrative Assistant (RRU), IOM – International Organization for Migration Resources Management Officer, IOM – International Organization for Migration Assistant Administrative Officer, UNAMI – United Nations Assistance Mission for Iraq Driver/Dispatcher, UNAMI – United Nations Assistance Mission for Iraq Country Director, Lutheran World Relief (LWR) Education Officer, UNICEF – United Nations Children’s Fund NPO (Pharmaceuticals), WHO – World Health Organization (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 22 view(s)
  • dollarsign's Avatar
    Yesterday, 01:24 PM
    Then... Mr. Marshall Billingslea of the United States assumed the position of President of the FATF on 1 July 2018. Mr. Billingslea serves as the US Department of the Treasury’s Assistant Secretary heading the Office of Terrorist Financing and Financial Crimes. Mr. Billingslea served as a Managing Director at Deloitte, responsible for its Federal Business Intelligence Services group Deloitte is the Iraqi Kurdistan's oil auditing firm. and Today... COMMODITIES NOVEMBER 16, 2018 / 3:39 AM / UPDATED AN HOUR AGO LONDON/BAGHDAD (Reuters) Iraq restarted exports on Friday of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan's semi-autonomous region, after a new government in Baghdad agreed a tentative deal with Erbil. Rock on Mr. B. , rock on... $
    179 replies | 30494 view(s)
  • bultn's Avatar
    Yesterday, 12:13 PM
    http://www.rudaw.net/english/business/071020182
    1 replies | 90 view(s)
  • James's Avatar
    Yesterday, 10:59 AM
    Found this on Facebook. Nothing on CBI site to show bills being released or showing under the released currency tab. Take it for what it's worth.
    1 replies | 90 view(s)
  • crazyfrank's Avatar
    Yesterday, 02:53 AM
    ok since this subject was brought up I wanted to see if there was any stock profits indeed posted at Warka, so I tried to log in and I checked my access, as it was not due for renewal as well ......... and it was "no go". At first it responded with a message "that password is already in use", which got me worried. After a reboot, it responded, although still getting system warning prompts about their web site "certificate" being expired. I saw............. no stock portfolio profits posted, as the balance remains constant for the past 40 days there was a new account identity listed with a similar account number shown to be associated with Al-Wasta there was no on line access for any ISX holdings Based on this, and that they have gone into "radio silence" mode with no news on anything related to what is happening with fund access, I have opened up a channel with Al Kamal about transferring ISX holdings out of Warka. They at Al-Kamal responded immediately with a path to make that happen. The only hurtle for this is now I must again submit paperwork to the Iraqi consulate and, or, embassy as done before many moons ago, before they can proceed.
    3 replies | 191 view(s)
  • dollarsign's Avatar
    11-15-2018, 08:47 PM
    On a larger scale, international arbitrage opportunities in commodities, goods, securities and currencies tend to change exchange rates until the purchasing power is equal. As a continuation of the central role of the central bank as a pillar of the country's economy, a positive improvement in oil prices coupled with sound fiscal and monetary policies will enable the Iraqi government to pay early remittances and increase the value of reserves to higher levels. Board of Directors Baghdad 24/10/2018 LOWER CATAGORIES COINS FILS They are coming...load em in. ________________________ I've looked at the portions of 3 recent posts and reached a conclusion. Just my thoughts, but here goes... the CBI has different currencies in reserve, but only has the authority to increase the "value" of their own, the IQD. given the way international arbitrage functions, the proposed currency basket for the IQD would fall into a range that would make the IQDs purchasing power about equal to their largest source of income, U.S. Dollars IQ per Us$ index Weight: US$ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.0513 IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05 IQ per US$ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075 finally, a few days ago, the option to view "lower categories, coins, and fils" appeared on the CBI site, though we can't see them yet, after going down for a hour or more on a few occasions. it really looks good to me. $
    179 replies | 30494 view(s)
  • Will-it-happen?'s Avatar
    11-15-2018, 06:07 PM
    That's 8 months since they posted that and still nothing
    77 replies | 10941 view(s)
  • Investors Iraq News's Avatar
    11-15-2018, 01:32 AM
    Aiming for more sustainable options for dealing with the huge amounts of rubble borne out of the ISIL conflict, municipalities of around half a dozen devastated cities in western Iraq explored opportunities to establish debris recycling centres to help advance recovery efforts at a two-day workshop held in Ramadi’s Anbar University on 7-8 November 2018. Hosted by Anbar Governorate and organized in collaboration with the Iraq Ministry of Health and Environment with technical advisory support from UN Environment, the gathering brought together – for the first time – key stakeholders from local authorities, technical government departments, university academics, demining experts, as well as UN agencies to discuss more sustainable options for dealing with the huge amounts of rubble created by the ISIL conflict. “Over two years since retaking most of Anbar’s shattered cities from the grips of ISIL terrorists in 2016, rubble continues to be a major obstacle for tens of thousands of displaced persons to regain their homes, and restart their lives and businesses,” said*Mr.*Mustapha Arsan, deputy governor of Anbar Governorate. Municipal representatives from the most damaged cities of Ramadi, Haditha, Hit, Qaim and Kubaisa, in Iraq’s upper Euphrates region, underscored the major problems they continue to face in removing colossal volumes of rubble. Lack of debris removal equipment and inadequate operational budgets were highlighted as major constraints. While most of the rubble in the streets has been removed, much of the remaining debris will be generated from building demolition. The Qaim Maqam (head of district) of Ramadi,*Mr.*Ibrahim Al-Awsaj, stated that around 80*percent*of Ramadi –*capital*of Anbar governorate with a population of over 570,000 people before the conflict – lay in ruins. Preliminary estimates by Ramadi municipality indicate that around three of the seven million tonnes of debris have so far been removed with extensive support from the United Nations Development Programme (UNDP)’s Funding Facility for Immediate Stabilization. Furthermore, debris removal is significantly complicated by exceptionally high levels of contamination with unexploded ordnance and booby traps. “Over 20,000 explosive devices have so far been from Ramadi city alone,” said*Mr.*Al-Awsaj. Training and establishing clear procedures for dealing with explosives in the debris is a critical prerequisite for clearing-up the rubble. “Debris continues to be scooped and dumped in an uncontrolled manner creating serious health and environmental risks and burdensome economic liabilities for the future,” decried*Mr.*Qais Abd, head of the Anbar Environment Directorate.*Mr.*Abd added that “future campaigns to remove debris haphazardly dumped all over the place may be needed,” engendering additional costs for the financially strapped local authorities. Emphasizing that many other post-conflict cities faced similar challenges, UN Environment expert Martin Bjerregaard affirmed that considerable experience exists from elsewhere that can help inform Anbar’s debris management efforts. “We are not starting from scratch here,” said*Mr.*Bjerregaard, who went on to share lessons from neighbouring Mosul as well as Syria, Lebanon, Philippines, and going to back the Balkans conflict in the late 1990s. The workshop also highlighted ongoing work by UNDP’s Funding Facility for Immediate Stabilization and the International Organization Migration to establish debris recycling centres in Mosul with technical advice from UN Environment. This initiative will help create*much needed*jobs through cash-for-work programmes. Original research by Anbar University engineer*Mr.*Salah Thameel found that crushed debris from Ramadi*were*of high quality and complied with Iraqi engineering standards for use in civil works, including as underlying subbase for roads. “The cost of crushing the debris is about*one third*of buying fresh quarry materials and, if transportation costs are added, it would account for only 10*percent,” explained*Mr.*Thameel. Furthermore, “by reusing the crushed debris, we would significantly reduce negative environmental impacts of quarrying and polluting emissions from trucking gravel from quarry sites,” he asserted. Crushing debris would not only significantly facilitate rubble removal operations by reducing the volumes handled, but would also result in important cost savings. “We are eager to start with recycling and welcome support from the friends of Iraq to help us in rebuilding our damaged cities,” stated*Ms.*Asmaa Osama, President of the Committee of Health and Environment and member of Anbar Provincial Council. Workshop participants further recommended that an Anbar-wide debris management action plan led by the Governorate is developed to help coordinate debris recycling efforts across its damaged cities. Key actions including identification of potential sites for setting-up debris recycling centres were also discussed with a specific focus on Ramadi city as a demonstration pilot. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 41 view(s)
  • Investors Iraq News's Avatar
    11-15-2018, 01:32 AM
    By Omar al-Jaffal for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.* Iraq’s Governorates Reject 2019 Draft BudgetAnger is escalating in Basra over the new government’s stance toward*this strategic city and the demands of its people. The continued marginalization of this oil-rich city could spell a new round of unrest. Voices have been calling for new protests and sit-ins in Basra*in light of what activists describe as neglect of the province by the Iraqi central and local governments. As part of their efforts to organize protests, Basra activists launched the Arabic hashtag that translates into “We are coming back for you.” They called on Basra’s residents to stage mass protests in front of the South Oil Company (SOC) on Nov. 4 and to prevent its employees from entering its premises. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 35 view(s)
  • Investors Iraq News's Avatar
    11-15-2018, 01:32 AM
    By Ahmed Twaij, for Foreign Policy. Recent violent protests in the southern Iraqi city of Basra have brought to light years of suffering by Iraqis in what is known as the economic capital of Iraq due to its vast oil reserves and deep-sea port access connecting the country to the international market. Basra, a predominantly Shiite city, also has a significant minority population, including black Iraqis and Christians. It is Iraq’s second-largest city and has developed a reputation for fostering some of Iraq’s greatest artists. During the first Gulf War, the Iraqi military used Basra as a route for the Kuwait invasion; ironically, a decade later, U.S.-led forces used it as a path toward Baghdad during the 2003 invasion. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 40 view(s)
  • Investors Iraq News's Avatar
    11-15-2018, 01:32 AM
    By*Hamdi Malik for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.* As protests continue, residents of Iraq’s Basra call for autonomyAnger is escalating in Basra over the new government’s stance toward*this strategic city and the demands of its people. The continued marginalization of this oil-rich city could spell a new round of unrest. Voices have been calling for new protests and sit-ins in Basra*in light of what activists describe as neglect of the province by the Iraqi central and local governments. As part of their efforts to organize protests, Basra activists launched the Arabic hashtag that translates into “We are coming back for you.” They called on Basra’s residents to stage mass protests in front of the South Oil Company (SOC) on Nov. 4 and to prevent its employees from entering its premises. Click here to read the full story. (Picture credit: Ahmed Mahmoud) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 39 view(s)
  • Investors Iraq News's Avatar
    11-15-2018, 01:32 AM
    NATO Leads New Mission to Develop Iraq’s Defense InstitutionsA new NATO-led mission in Iraq will work to further develop Iraq’s security institutions and structures, British Army Maj. Gen. Christopher Ghika told Pentagon reporters here today. American and Turkish troops conduct a convoy during a joint patrol in Manbij, Syria, Nov. 8, 2018. Army photo by Spc. Zoe Garbarino The mission is expected to be established by early next year, said Ghika, who declined to specify which NATO nations and the number of personnel would be involved. Ghika, deputy commander of strategy and information for Combined Joint Task Force Operation Inherent Resolve, spoke during a video teleconference from Baghdad today. The nature of the mission will be noncombat, he said. It will consist of advisors working closely with officials of the Iraqi Ministry of Defense and the Office of the National Security Advisor “to help Iraq build a more effective, sustainable, inclusive and transparent defense sector.” The focus of those efforts will be on institutional education in the National Defense University, the Joint Forces Staff College, and some of the schools which are building military capability in areas such as engineering and infantry, he said. The advisors will focus on training the Iraqi instructors. Ghika also provided an update on coalition efforts to counter the Islamic State of Iraq and Syria and provide aid to civilians impacted by the fighting. Coalition Efforts in Syria Last week provided for the safe delivery of critical humanitarian aid to the Rukban internally displaced person’s camp near At-Tanf Garrison, Syria, on the border with Jordan in the deconfliction zone, Ghika said. Leading that effort were the Maghaweir al Thowra, a fighting force native to southern Syria and a partner of CJTF – OIR, the United Nations and the Syrian Arab Red Crescent, a humanitarian nonprofit organization. Maghaweir al Thowra was previously called the New Syrian Army. Supplies delivered included 10,475 food parcels, clothes for 18,000 children, 10,000 hygiene kits, as well as newborn baby kits for about 1,200 children, he said. Also, the U.N. conducted an emergency vaccination campaign to protect around 10,000 children against measles, polio and other potentially deadly diseases. Currently, the coalition and Syrian Democratic Forces partners are fighting ISIS in the last physically held terrain in the Middle Euphrates River valley around the town of Hajin in eastern Syria, Ghika said. “This is a hard fight. Indeed, we have witnessed some of the most intense fighting since ISIS was defeated in Raqqa, and Mosul, . The ultimate outcome is not in doubt. ISIS will be defeated in the Middle Euphrates River valley,” he said. On Nov. 8, U.S. and Turkish forces conducted their second combined joint patrol in the vicinity of the town of Manbij, Syria, on the west bank of the Euphrates, about 19 miles from Turkey. “This is a critical part of the coalition’s efforts to prevent the resurgence of ISIS there and enable the voluntary return of refugees and internally displaced people,” Ghika said. Coalition Efforts in Iraq Iraqi security forces continue to target ISIS fighters who are attempting to regroup and regain a foothold in the small pockets of the Anbar Desert area of Iraq. Those efforts, called Operation Last Warning, are broadening to the entire country, he said. Additionally, Iraqi forces are shoring up the border with Syria to prevent ISIS fighters from fleeing to Syria, reinforcing efforts of the SDF, he said. In Saladin province in northern Iraq, the ISF and the Iraqi counterterrorism service, supported by the coalition, conducted multiple strikes on an ISIS senior leader meeting, killing a significant number of ISIS militants and key leaders, Ghika said. Progress in Battling ISIS “I’m struck by the immense progress that’s been made by Iraqi security forces and Syrian democratic forces partnering against the evil of ISIS,” said Ghika, noting that this is his second CJTF – OIR tour, the first as deputy commander of the coalition’s land component command in 2014 to 2015. A recently published U.N. report on atrocities and mass graves in territories formerly controlled by ISIS documents 202 mass grave sites and the U.N. estimates these sites contain 6,000 to 12,000 bodies, he said. “This is a stark reminder of why the coalition to counter ISIS was established and why nations across the globe have been willing to send their fighting men and women here,” Ghika said. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • calstar's Avatar
    11-14-2018, 11:22 PM
    calstar replied to a thread Profits in Splits, Free & Paid Shares
    Lets keep are fingers crossed on this. :rolleyes:
    6 replies | 213 view(s)
  • James's Avatar
    11-14-2018, 07:12 PM
    James replied to a thread Profits in Splits, Free & Paid Shares
    Sounds good Calstar. I hope to purchase a few more bank stocks to offset my Warka shares. ( i doubt I will see those again) Maybe getting a few shares at under .20 and waiting for $1.00 will make up for some losses along the way.
    6 replies | 213 view(s)
  • calstar's Avatar
    11-14-2018, 06:04 PM
    calstar replied to a thread Profits in Splits, Free & Paid Shares
    The online service is simply a way for you to view your shares (holdings) with real time prices. So your daily balance can change daily. The service will also provided your account balance and transactions. (current balance of dinar, dividends deposited) Yes I have dividends deposited into my Al Karmal account If I need to purchase or sell shares I email a form to Al Karmal and it happens the next trading day.I will have to contact Mr Ajina I able to view my account. Hopefully soon all stocks will be activated when they go international. Thanks James.
    6 replies | 213 view(s)
  • James's Avatar
    11-14-2018, 09:33 AM
    James replied to a thread Profits in Splits, Free & Paid Shares
    The online service is simply a way for you to view your shares (holdings) with real time prices. So your daily balance can change daily. The service will also provided your account balance and transactions. (current balance of dinar, dividends deposited) Yes I have dividends deposited into my Al Karmal account If I need to purchase or sell shares I email a form to Al Karmal and it happens the next trading day.
    6 replies | 213 view(s)
  • Investors Iraq News's Avatar
    11-14-2018, 09:27 AM
    By*Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.* Can Abdul Mahdi make Iraq’s grand plans a reality? New Iraqi Prime Minister Adel Abdul Mahdi recently submitted an ambitious development and financial plan to parliament, but his proposals*will face major challenges —*namely a lack of revenues, spreading financial and administrative corruption, a weak administrative system and a struggling private sector. Abdul Mahdi, who*was sworn in Oct. 24, has*held important economic positions in the past. He was Iraq’s finance minister in 2004 and oil minister in 2014. In*articles he published*in his*Al-Adala newspaper, he portrays*himself as an economist capable of addressing the country’s crises. His ministerial platform*focuses*on 15 points to stimulate the investment environment, aid the market economy, develop*the oil industry and*find*international sources of funding to support more than 100 national development projects. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 51 view(s)
  • Investors Iraq News's Avatar
    11-14-2018, 09:27 AM
    By John Lee. Companies are reportedly relocating from the Kurdistan Region to rest of Iraq in an effort to avoid taxes and customs duties which the Iraqi government charges on goods exported to southern Iraq. According to Kurdish media network Rudaw, the Baghdad government considers goods produced in Iraqi Kurdistan to be foreign, and subject to import duties. Mustafah Zubeir, of the KRG Ministry of Industry and Trade’s Directorate General of Industrial Development, is quoted as saying that about 100 factories have left Kurdistan for Baghdad to avoid this issue. More here. (Source: Rudaw) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 44 view(s)
  • Investors Iraq News's Avatar
    11-14-2018, 09:27 AM
    By Harith Hasan, for Carnegie Middle East Center. Adel Abdul-Mahdi was a compromise candidate as prime minister, that’s his major problem. A few weeks before he was sworn in as Iraq’s new prime minister on October 21, ‘Adel ‘Abdul-Mahdi wrote a commentary saying he would refuse the position because “the right conditions for success not in place.” Even if the political factions supported him, he continued, they would soon reverse course once he started tackling serious problems in a way they deemed harmful to their interests. Abdul-Mahdi specifically mentioned reforms such as moving Iraq away from a rentier to a productive economy, ending the country’s centralized governance system, fighting endemic corruption, developing public institutions, and promoting the rule of law. Click here to read the full story. (Source: Carnegie Middle East Center) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 47 view(s)
  • Investors Iraq News's Avatar
    11-14-2018, 09:27 AM
    UNDP and Denmark Support Mid – Level Police Management Training in Iraq for Citizen Service Oriented Policing On 11 November 2018 UNDP and Danish National Police started the first of a series of Mid-Level Police Management Training Courses for the Local Police in Iraq. The courses are developed and delivered in close collaboration with the Ministry of Interior’s Training and Qualification Directorate. Each course duration is three weeks and, a total of 300 police officers from liberated and, other provinces in Iraq are expected to benefit from the training. The key objectives of the course are to: advance the implementation of the Local Police Road Map and, its reform priorities through leadership development at both national and provincial levels. motivate police mid-level leadership to lead Iraqi police transformation from a fighting force to a public security service in post – ISIL Iraq with modern managerial techniques and, skills in-line with national and international standards. The Danish Ambassador Gert Meinecke expressed, that he hopes “the training courses will contribute to successful transformation of the Local Police Service Road Map into tangible action on the ground”. Wishing all participants a successful course the Danish National Police Commissioner, Jens Henrik Hoejbjerg said: “Danish police have a lot to offer internationally. Therefore, I am pleased that Danish police officers will be responsible for the training of mid-level police managers for the Iraqi police. I have no doubt that we can contribute to the fact that both the Iraqi police and the Iraqi communities continue to move forward and develop”. UNDP Acting Country Director Gerardo Noto added: “… improving Local Police Service is an identified key priority within the Government of Iraq’s ongoing Security Sector Reform Programme under the system priority Criminal Justice and Law Enforcement that is supporting by UNDP and International Partners. “Therefore, leadership development is a key precursor in the overall implementation of the Government’s Security Sector Programme as a fundamental pillar for rule of law and building sustainable peaceful societies.” UNDP is grateful to Denmark for its generous funding and, for the highly experienced police trainers to conduct the Mid – Level Management Courses to Iraqi Police. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 62 view(s)
  • Will-it-happen?'s Avatar
    11-13-2018, 11:15 PM
    I posted mine to warka last year in a post tube All my dinars were credited OK and I wasn't charged The downside is that I can't withdraw any!!!!
    1 replies | 161 view(s)
  • Wolverine's Avatar
    11-13-2018, 09:09 PM
    447 replies | 18674 view(s)
  • calstar's Avatar
    11-13-2018, 08:44 PM
    calstar replied to a thread Profits in Splits, Free & Paid Shares
    Hey James Did you go through the online service at Al Karmal. Did you have them deposit cash dividends into your Karmal account?
    6 replies | 213 view(s)
  • jhirsch5's Avatar
    11-13-2018, 08:32 PM
    I still have mine and wipe the dust off from time to time. I bought in back in 2006 after hurricane Katrina. It has been a very long time and I still hope that it pans out. I would settle for .10 cents on the dollar at this point!
    3 replies | 664 view(s)
  • sponners's Avatar
    11-13-2018, 06:50 PM
    Hi guys, I haven't been on here for a while. I bought in to dinar about 2005 and ended up selling it all off a couple of years ago. One guy bought £1k off me. Today out of the blue he called me asking if I could supply him a receipt. He is trying to cash it in (he didn't say which bank) and the bank is saying they also need proof of purchase in order to exchange for him. I'm a bit cautious about this (should I be?) Anyone know of a bank that he can just walk in and exchange with no issues? I purchased all mine through Amer. Thanks.
    1 replies | 161 view(s)
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