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  • Investors Iraq News's Avatar
    Today, 02:53 AM
    By John Lee. In its preliminary results for 2018, Petrel Resources gave the following update on its activities in Iraq: We had high hopes of commercial success in Iraq. It has the best oil geology on the planet with drilling success over 90% and a $2 to 4 a barrel production cost. But the political risk offsets all of this. Petrel first entered Iraq in 1997 and had initial success in obtaining a large exploration block in the Western Desert between Baghdad and Amman Jordan. We were seeking development rights to any one of the many proven but undeveloped oil fields but we needed to establish our credentials. We undertook exploration work but were frustrated by sanctions which stopped us from drilling. We continued involvement with the Iraqi Oil Ministry and undertook extensive technical work, with Itochu of Japan on the Merjan oil field. Post 2003 we were awarded a development contract on the Subba and Luhais oil fields. Bureaucratic interference and payment problems forced Petrel to sell out in 2010. We maintained our interest and appointed an Iraqi Arman Kayablian to work in Iraq. We purchased a 20% stake in Amira Hydrocarbon which had joint operations with Oryx Petroleum, in the Wasit province.* The joint venture failed to obtain a licence. In 2018 the agreement was dissolved and some 20 million Petrel shares returned to the company. We have recently appointed Riadh Mahmoud Hameed to the Petrel board. Riadh worked as project co-ordinator for six years for Petrel in Iraq. Activities are normalising in Iraq. There are many oil projects in Iraq which need to be developed. Petrel will be making a case to be part of the development. Interest is reviving in Iraq. We now have the people to seek out operations on the ground.** (Source: Petrel Resources) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 02:53 AM
    Farming families in northern Iraq’s Nineveh Governorate will benefit from a European Union contribution of €15 million to the Food and Agriculture Organization of the United Nations to recover agricultural livelihoods. The area, which includes the city of Mosul, was known as the country’s ‘breadbasket’ before conflict caused widespread damage and displacement. This project is expected to directly benefit almost 10,000 vulnerable farming families (around 60,000 people), as well as flow-on benefits for local service providers and labourers. “As part of the EU’s commitment to the whole of Iraq, supporting the regions so tragically devastated by the recent conflict remains a high priority. By reviving agriculture in Nineveh, a key sector of the economy, this new project will help communities and returnees in rural areas, increasing their income and employment opportunities,” said Ramon Blecua, European Union Ambassador to Iraq. “We are grateful to the European Union for this generous contribution to help us rehabilitate key agricultural facilities and equipment. Getting these services operational again will be a big help for farmers and local businesses,” said Mustapha M. Sinaceur, FAO Representative a.i. in Iraq. “Creating jobs in the heartland of agriculture, where so many jobs depend on the rich soils of Nineveh Governorate, is vital for community stabilization,” he said. The impact of conflict on the agricultural sector has been devastating and includes damage to water systems, irrigation facilities and other agricultural infrastructure, disruption of value chains and losses of personal assets, crop and livestock production, and food supplies. Since the Iraqi government announced the defeat of Islamic State, also known as Da’esh, a year ago, many people have returned, encouraged by the efforts to ensure a secure and safe environment. However, some areas still lack basic services and job opportunities for both returnees and those who remained. FAO and the EU working together for family farmers The EU-funded project supports smallholder farming families to diversify incomes, increase resilience, and provide nutritious and healthy diets. The project will support vulnerable smallholder farmers to resume vegetable production, introduce efficient irrigation water use and management, encourage agri-food processing, improve small-scale dairy processing and marketing, and boost animal fodder production and conservation. Women, in particular, will be supported to participate in home-based vegetable and dairy production and processing. Unemployed young agriculture graduates will be encouraged to benefit from training to gain employment as agri-food processors, farmer field school and farmer business school facilitators, community animal health workers, market information system operators, and food security and nutrition data collectors and analysts. Together, these activities will respond to families’ immediate needs for food and essential non-food items as well as restoring agricultural livelihoods that generate income and employment over the longer term. At the same time, the project aims to restore vital government infrastructure and support services to the agriculture sector that have been destroyed, damaged, or looted. The project is an EU contribution to the UN’s Recovery and Resilience Programme (RRP) in Iraq. It is part of a larger package of support (€ 184.4 million euros) the EU has contributed to support stabilization and humanitarian efforts undertaken by the UN in support of the Government of Iraq since 2016. FAO’s response in Iraq Under the Iraq Humanitarian Response Plan 2019, FAO is working to ensure rural families have the resources to re-establish and secure their agricultural livelihoods and build their resilience into the future. FAO’s work, in close coordination with the Iraqi government, supports families returning to retaken areas, internally displaced families, host communities and refugees from Syria. (Source: FAO) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 12:51 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq’s vast oil wealth once paid for some of the best health services in the Middle East. But decades of conflict and political unrest have led to, what the government admits, a crisis in hospitals. Things are particularly bad in Basra province where people have long complained of government neglect. Around 70 children are being treated for cancer in Basra Children’s Hospital. Experts say pollution from surrounding oilfields is one of the reasons why Basra has the highest rate of cancer in Iraq. Al Jazeera‘s Charles Stratford reports: Source: Iraq-BusinessNews.com. Post your commentary below.
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  • crazyfrank's Avatar
    Yesterday, 02:06 PM
    crazyfrank replied to a thread 6-15-2019.fb in Iraqi Dinar Rumors
    ok this is something to share now, this guy "Dinar Investor" on u-tube firmly is advertising that this entire dream is coming to an end this coming Saturday/Sunday when the Iraqi Parliament finish's the vote on the remaining 4 minster positions beyond that he has made the claim he knows what exact time of day the rate change will happen?????? now that's a gutsy call way beyond anyone I have ever seen anyone ever claim to know, all I can say I hope he is correct here's the link on u-tube............. www youtube com/watch?v = QgqXVh8Rjyc <----- I had to modify this link text and put in some spaces between words to get it to post here
    1 replies | 353 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 12:20 PM
    By John Lee. Indian-based Asian Oilfield Services Limited has announced that it has won orders totalling $37 million in Iraq. The orders relate to seismic acquisition at Block 12, with $12 million for a 2D survey and $25 million for a 3D survey. Block 12, located in the Najaf and Muthanna provinces, is being developed by Russia’s Rosneft, and PetroVietnam. According to a statement issued to the Bombay Stock Exchange, the order is to be executed within FY20 and FY21. The company has previously carried out 3D surveys at the Shakal block and Taza block in Iraqi Kurdistan. (Source: Asian Oilfield Services) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 12:20 PM
    By John Lee. The Iraq Britain Business Council (IBBC) has welcomed two new members. Protechnique — a British contractor providing premier technical, engineering, construction, management and capacity building support throughout the world; to federal, regional, and local government agencies, as well as private industries and multi-lateral agencies; UniHouse — a global professional training, consultancy and education service provider based in Jordan. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 12:20 PM
    By John Lee. A rocket has hit a residential and oil operations headquarters near Basra city, wounding three workers at an Iraqi drilling company. The short-range Katyusha missile hit a compound in Burjesia which is used by several international oil companies (IOCs), including ExxonMobil. Oil production and exports are not expected to be affected. (Sources: The Guardian, Bloomberg, Xinhua) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Wolverine's Avatar
    06-18-2019, 02:11 PM
    642 replies | 60418 view(s)
  • BatmaninIraq's Avatar
    06-18-2019, 08:48 AM
    From fb Thousands of people are already lined up in Orlando, some two days before tomorrow nights big Rally. Large Screens and food trucks will be there for those that can’t get into the 25,000 capacity arena. It will be a very exciting evening! Make America Great Again!
    48 replies | 18086 view(s)
  • Investors Iraq News's Avatar
    06-18-2019, 01:06 AM
    By John Lee. Iraq’s Minister of Transport, Abdullah Luaibi , has said that Iraq is actively seeking to join China’s Belt and Road Initiative One Belt, One Road (OBOR)“]. In statements on Monday, the Ministry confirmed that the Minister met with China’s Ambassador to Iraq, Zhang Tao, to discuss the plan. It added that Iraq wants to accelerate the process of joining the Asian Infrastructure Investment Bank (AIIB). (Source: Ministry of Transport) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-18-2019, 01:06 AM
    By John Lee. General Electric (GE) is reportedly expected to win a large share of the multibillion-dollar contracts to rebuild Iraq’s electricity system. According to a report from Reuters, “under U.S. prodding, Iraq is asking both Siemens and GE to bid on contracts and expects to make awards to each of the companies“. Following a hotly-contested competition last year, it was agreed that Siemens and GE would share the work to upgrade they system, with GE supplying 14 gigawatts (GW), and Siemens 11 GW. The Financial Times subsequently reported that the deals were not certain to be approved. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-18-2019, 01:06 AM
    By John Lee. Production at the West Qurna 1 oilfield has reportedly reached 465,000 barrels per day (bpd), following the completion of new crude processing facilities and oil storage tanks. Officials told Reuters on Monday that the field was previously producing about 440,000 bpd. Exxon‘s foreign staff were present at a ceremony to launch the new facilities, having returned to the oilfield on 2nd June. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-18-2019, 01:06 AM
    By John Lee. Russia’s Gazprom Neft is reported to be interested in expanding its operations in Iraq. Reuters says boss Alexander Dyukov told the annual general meeting on Friday that the company, which is already developing the Badra oilfield, is also “looking at” the Mansuriyah gas field near the Iranian border. It says that Iraqi government is expected to launch a tender to develop Mansuriyah later this year. Iraq Business News understands that the field is currently being developed by TPAO (37.5%), Oil Exploration Company (25%), Kuwait Energy (KEC) (22.5%), and Kogas (15%). (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • BatmaninIraq's Avatar
    06-17-2019, 08:29 PM
    Central: The cash mass outside the banks is more than 39 trillion dinars 2019-06-17 The Central Bank of Iraq revealed on Monday the amount of cash mass outside the Iraqi banks, pointing out that it is more than 39 trillion dinars. The bank said in an official statistic it was briefed by Alsumaria News that "the amount of currency outside the banks amounted in January of 2019 by 39 trillion and 796 billion and 700 million dinars," noting that "this amount fell from the month of December of 2018, which amounted to 40 Trillion and 498 billion and 67 million dinars. " The bank added that "the highest level of currency outside banks during the past three years was in December 2016, where it reached 42 trillion and 75 billion dinars, while the lowest level of currency during the month of February of 2004, which amounted to 5 trillion and 431 million Dinar". The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which the bank considered it would transfer from the country of trillions to billions, that the project was met with great opposition by the specialists and politicians in parliament.
    48 replies | 18086 view(s)
  • Investors Iraq News's Avatar
    06-17-2019, 02:17 PM
    By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. 2019 Budget Law: Politics of Appeasement, Non-Compliance and ExtortionData from different sources indicates that KRG oil exports, so far in this year, ranged between 418.8 and 438 thousand barrels daily-kbd and KRG gross oil export revenues at end of May mounted to $3.681 billion. Draft of the budget law was debated, amended and approved by the parliament; then endorsed by the President of the Republic and finally promulgated as a law when it was published on the official gazette. KRG, Kurdish politicians, parliamentarians and commentators praised the law as it favors them. Yet, so far and as it officially confirmed by the Minister of Oil and the Prime Minister, KRG did not deliver a single barrel of oil; this is the usual KRG’ non-compliance extortion practice. Such practice prompts a wave of criticisms and accusations against the Prime Minister, who is known for his appeasement towards KRG even at the expense of the rest of Iraq. KR leaders know too well how to exploit Prime Minister’s weaknesses and his lack of resolve and leadership; KRG succeeded so far. Click here to download the full article in pdf format. Mr Jiyad is an independent development consultant, scholar and Associate with the former Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya(at)online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-17-2019, 02:17 PM
    JICA to Support Iraq’s Reconstruction and Revitalization through Upgrade of Basrah RefinerySigning of Japanese ODA Loan Agreement for IraqOn 16 June, 2019, the Japan International Cooperation Agency (JICA) and the Iraqi Government signed a loan agreement at Ministry of Finance in Baghdad. The ODA (Official Development Assistance) loan amounting to JPY 110,000 million (approximately USD 1 billion) will be used for Basrah Refinery Upgrading Project. The loan agreement was signed by H.E. Mr. Fuad Mohammed Hussein, Minister of Finance and Masayuki Hirosawa, Chief Representative of JICA Iraq Office, in the presence of H.E. Mr. Hamid Younis Salih, Deputy Minister of Oil and H.E. Mr. Naofumi Hashimoto, Japanese Ambassador to Iraq. This concessional ODA loan aims to support the Government of Iraq in its efforts to reconstruct the country and revitalize its economy. The loan named “Basrah Refinery Upgrading Project (II)” is the second tranche loan for Basrah Refinery Upgrading Project, one of the mega projects known in the region. For the same project, JICA previously concluded two loan agreements for (i) the engineering services loan in the amount of JPY 2,079 million and (ii) the first tranche loan in the amount of JPY 42,435 million. The entire project aims to increase the quantity and quality of oil products including gasoline, diesel and kerosene, by installing a new refining plant called Fluid Catalytic Cracking (FCC) Complex in Basrah Refinery, which is one of the biggest oil refineries currently operational in Iraq. It will be implemented by South Refineries Company, Ministry of Oil. Iraq has the world’s fifth-largest proven oil reserves and is currently OPEC’s second-largest producer. Nevertheless, most of the existing refineries in the country have been shut down or decreased their production capacity, suffered from damages and deterioration in the previous decades of conflicts. Many of the plans to construct new refineries have faced with challenges and delays and are yet to achieve substantial increase of the refining capacity. On the contrary, the ongoing reconstruction efforts in liberated areas and the revitalization of socio-economic activities across the country have prompted huge demand for fuels, such as gasoline and diesel. As a result, despite being one of the largest oil producers, Iraq has no choice but to import the significant amount of oil products from neighboring countries so as to meet the demand for transport, power generation and industrial production. Against this backdrop, the project to construct Iraq’s first-ever FCC Complex will increase the volume of the high-value added oil products, promote the transfer of refining technologies from Japan and help save valuable foreign currencies to import huge amount of fuels. The new plant will also reduce sulfur content in the products in accordance with the international environmental standards. Furthermore, the project is expected to pave the way for energizing private sector involvement in the downstream of Iraq’s energy industry and provide economic opportunities for the people of Iraq, especially in Basrah. The loan is very concessional with the low interest rate and long repayment period: the interest rate of 0.20% and the repayment period of 40 years including 10-year grace period. (Source: JICA) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-17-2019, 02:17 PM
    By John Lee. The US Ambassador to Iraq, Matthew H. Tueller, joined Minister of Water Resources Jamal al-Adili and Italian Ambassador Pasquino to celebrate the successful completion of emergency efforts to stabilize Mosul Dam. The United States provided $124 million for the U.S. Army Corps of Engineers (USACE) to serve as the “Engineer” for the project, working side by side on the $408 million contract between the Government of Iraq and the Italian company Trevi. (Source: US Embassy in Baghdad) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-17-2019, 02:17 PM
    By John Lee. The Trump administration has reportedly granted Iraq a 120-day waiver from its sanctions against Iran, to allow it to continue importing electricity from the country during the hottest of the summer weather. The decision followed a phone call on Friday between Secretary of State Michael Pompeo (pictured) and Iraqi Prime Minister Adel Abdul Mahdi. The State Dept said it is continuing to work with Iraq to end its dependence on Iranian natural gas and electricity. (Sources: Bloomberg, The National) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-17-2019, 12:57 AM
    By John Lee. FBM-KNM FZCO, an indirect wholly-owned subsidiary of Malaysia’s KNM Group, has been awarded a contract for the supply and delivery of replacement heat exchangers to the Khor Al Zubair’s gas processing plant in Basrah Province. According to a regulatory statement, the contract from Basra Gas Company (BGC) is worth USD 2.096 million (equivalent to approximately RM8.739 million based on the exchange rate of USD1.00 : RM4.17). The project is to be completed by 14th January 2020. (Source: KNM) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-16-2019, 12:51 AM
    By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Is Abadi looking to return to prime minister’s post?Former Iraqi Prime Minister Haider al-Abadi announced May 31 his resignation from all his positions in the Islamic Dawa Party, whose politburo he headed.*His move raised questions about his potential plans to return to the prime minister’s post. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • James's Avatar
    06-15-2019, 06:33 PM
    James replied to a thread reset password 2019 in Warka Bank News
    Likewise. 2 months and counting... I will email them (again) at 9 am their time tomorrow. Maybe it will be answered promptly? :rolleyes:
    10 replies | 2715 view(s)
  • Investors Iraq News's Avatar
    06-15-2019, 05:30 PM
    GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments across the country. Please click here to download the latest report free of charge. For more information on how GardaWorld’s services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at daniel.matthews@garda.com Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Will-it-happen?'s Avatar
    06-15-2019, 12:57 PM
    Still nothing after 6 weeks
    10 replies | 2715 view(s)
  • BatmaninIraq's Avatar
    06-15-2019, 12:00 PM
    MANY OF YOU WILL START TO REMEMBER, BACK IN AUGUST 2017, THE CBI HAD A “SECOND” WEBSITE (cbi.3eyon-host.net), LINKED THRU THE STATISTICS SECTION OF THE MAIN WEBSITE. WHAT WAS INTERESTING AND IMPORTANT TO NOTE BACK THEN, WAS THE RATE LISTED ON THE SECOND WEBSITE WAS $1USD = 1.20 DINARS. THEN THE 2 WEBSITES MERGED AND THIS RATE DISAPPEARED AND WAS NEVER TO BE HEARD OF OR SEEN AGAIN UNTIL YESTERDAY…..BOOOOM!!!! YES, VERY INTERESTING, THAT THE CENTRAL BANK OF IRAQ HAS MENTIONED THIS $1 USD = 1.20 DINARS RATE…. THIS IS THE FIRST TIME SINCE 2017. SO THE QUESTION YOU NEED TO ASK, IS WHY ARE THEY NOW BRING THIS UP AGAIN WHEN THEY HID IT SINCE 2017??? I BELIEVE THE REASON WHY IS THAT THE RATE IS ABOUT TO CHANGE. NOW, JUST AS REMINDER OF HOW THE CBI LIST THE RATES. 1.20 DINARS = $1 USD. THIS IS A 1 TO 1 RATE. WELL ACTUALLY NOT, IT’S ABOUT 0.83 CENTS REALLY. SO REMEMBER HOW IT WORKS AS THE VALUE OF DINAR DECREASES AGAINST THE US DOLLAR, THE VALUE OF THE US DOLLAR INCREASES.
    1 replies | 353 view(s)
  • Investors Iraq News's Avatar
    06-15-2019, 03:54 AM
    Rosneft’s money might help Iraqi Kurdistan meet its domestic gas demand, but it could also cripple its long-term export ambitions, according to an oil analyst. In an opinion piece for Energy Reporters, Nick Augusteijn argues that Rosneft’s deals are vehicles for Russia’s “increasingly assertive foreign policy“. Click here to read the full story. (Source: Energy Reporters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    06-15-2019, 03:54 AM
    By John Lee. Doctors Without Borders /Médecins Sans Frontières (MSF) has issued a report on its operations in Iraq. It has been working in Iraq since 1991, with more than 1,500 staff providing free, quality healthcare for all people regardless of race, religion, gender or political affiliation. In Iraq, MSF offer services such as basic health care, treatment for chronic diseases, secondary healthcare including maternity with surgical capacity for caesarean sections, paediatric and emergency care, specialised services to treat severely injured patients with post-operative complications and mental health support to displaced people, returning population and communities most affected by violence in the governorates of Anbar, Baghdad, Diyala, Erbil, Ninewa, and Kirkuk. Click here to download the full report. (Source: MSF) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • James's Avatar
    06-14-2019, 06:31 PM
    James replied to a thread reset password 2019 in Warka Bank News
    check your PM again.
    10 replies | 2715 view(s)
  • Investors Iraq News's Avatar
    06-14-2019, 03:40 PM
    By John Lee. Petrel Resources has announced the appointment of Riadh Hameed as Non-Executive Director with immediate effect. Riadh Mahmoud Hameed (aged 38) is a quality control engineer working for an aerospace component company based in the USA.** Prior experience has included over a decade of working in the oil and gas sector, to include six years working for Petrel as a co-ordinator for its projects in Iraq. David Horgan, Managing Director writes: “I am delighted to welcome Riadh to the Board of Petrel Resources, and look forward to working with him again, and to renew our connections on the ground in Iraq.” Last year, having taken an EUR 4.1-million impairment on its investments in Iraq, the company announced that it was re-establishing operations in Baghdad. (Source: Petrel Resources) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    06-14-2019, 03:40 PM
    By John Lee. New-York-based ConsenSys has confirmed its support for Re:Coded Iraq. Re:Coded is a humanitarian innovation non-profit organization. Founded in 2017, Re:Coded is working relentlessly to train the youth of the MENA region in coding and entrepreneurship. Apart from the training part, Re:Coded also offers mentorship, employment and freelancing opportunities to the youth in conflict affected areas of the region. ConsenSys has developed a blockchain mentorship program for the Re:Coded trainers. This program is going to include technical and general blocking training courses. The course instructors are: Blockchain Protocol Engineer, Mostafa Farghaly, and Senior Technical Project Manager from ConsenSys MENA, Ammar Kurabi. The trainers will be able to use their training to deliver the courses at their centers in Iraq. Over 3.3 million Iraqis have been internally displaced since early 2014 because of conflict. On top of that, over 240,000 Syrian refugees are currently living in Ira*** q. This is one of the largest humanitarian crisis moments of the 21st*century. “Our aim in Iraq is to bring together local developers, designers, social entrepreneurs, humanitarians and community residents to develop creative technology solutions that address the specific challenges facing this war-torn region. These include barriers to education, difficulty accessing the job market and social cohesion between displaced Iraqis and host community members,” said Samsul Karim, Senior Edtech Expert, ConsenSys. “One Re:Coded trainer has also received a scholarship to attend the ConsenSys Academy Developer Training Program in October, a testament to the fact that there is talent to be harnessed in this conflict zone,” added Karim. According to Zawya, the Country Director Zahra Shah is working with the partners on a global scale to bring funding and training for better employment opportunities for the Re:Coded students. “The support from ConsenSys goes a long way in helping Re:Coded meet its goals, which include increasing female participation in the tech sector, upskilling conflict-affected youth to enter the digital economy and providing employment opportunities for graduates,” said Zahra Shah, Country Director, Re:Coded. “Buoyed by our initial success and once we have delivered more comprehensive developer training, we are looking into growing our Bounties network, enabling students who complete the program to use Bounties to apply their skills and contribute to the community,” she added. (Source: Re:Coded) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    06-14-2019, 03:40 PM
    Toyota Iraq, UNDP and Oxfam support technical training for sustainable livelihoods Celebrating the graduation of 16 IDP’s in automotive masteryToyota Iraq, United Nations Development Programme (UNDP) and Oxfam celebrated the graduation of 16 young trainees from the Toyota Technical Development Program Training. This group is the 5th batch of internal displaced people (IDPs) who have successfully completed Toyota certified training. Through an on-going partnership, Toyota Iraq has contributed to the people and society of Iraq by successfully training 53 young men and women in automotive mastery, customer service and skills and spare parts. This training batch was the biggest in size, as well as in duration – with training commencing on 17th of February and concluding on 30th of May. The extensive 3 months of continuous training delivered not only technical knowledge but also introduced the ‘Toyota Way’ and our corporate shared values, followed by inclusive technical training and an on-the-job experience for one month at Toyota Authorized Dealers in Erbil, Cihan Motors and SAS Automotive. The successful collaboration of program partners – UNDP, OXFAM, the Government of Japan and Toyota Iraq, ensured that the latest training cohort were all able to complete training and receive recognition at Tuesday’s graduation ceremony. Mr. Sardar Al.Bebany, president, Toyota Iraq, said: “This program is one of the ways we provide support to local society. Through this program I have witnessed that when IDP’s are given equal opportunity for employment, they are empowered to change and improve their lives. We had total of 10 individual IDP’s now working with Toyota Iraq, as well as many others now working with other automobile companies”. *Vakhtang Svanidze, Deputy Country Director, UNDP Iraq, also commented on the power of livelihood recovery for building resilient communities: “Enhancing livelihoods and employment opportunities is one of the key elements for self-reliance and early recovery of conflict effected communities. UNDP is grateful for the support of Toyota and Oxfam to provide technical training for young men and women IDPs originating from areas across Iraq – including Mosul, Anbar and Salah al-Din, improving their employability and enabling them to access the job market with invaluable experience.* *This project would not be possible to implement without generous financial support by government of Japan “ Reinforcing a commitment to provide on-going support for to the young men and women of Iraq, and to invest in the leaders of tomorrow, Toyota and UNDP renewed their partnership in early 2019, marking three years of collaboration in training and committing to a further two. Toyota’s commitment is reflective of their core principles and dedication to support the local communities in which they work, “By respecting the culture and practices of each country and region and engaging in business activities with close community ties, we are working to create an enriching society while promoting measures that support labor and education”. Likewise, the Government of Japan shares this interest to develop and build resilience in nations around the world, “We consider the Human Resource Development utmost priority allocating more than $ 350,000,000 to support in a variety of development programs around the world,” commented Japan Consul in Erbil, Mr. Moriyasu. The conclusion of the graduation ceremony, was marked by Chief Executive Officer, Mr. Shinsuke Fujimoto, who expressed on behalf of all Toyota Iraq, a proudness for the great achievement of each graduate and and well wishes for their success in the next step of their career. This programme was launched on the 25th*of October 2016 as a flagship joint project between UNDP and Toyota Iraq to give internally displaced young people opportunities to enter the automotive industry, with the partnership renewal as of 28th of January,2019. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
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