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  • tipawin's Avatar
    Today, 07:23 AM
    Nothing is any good for us over there at this time (not for a very long time )
    5 replies | 190 view(s)
  • Investors Iraq News's Avatar
    Today, 01:43 AM
    By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On February 27-28, 2018, the C.W.C. Group, an energy and infrastructure conference, exhibition and training company, will organize in Berlin, Germany, the twelfth edition of Iraq Petroleum, which is one of the major events concerning Iraq’s oil and gas sector. One of the main topics of Iraq Petroleum 2018 will be the development of Iraq’s natural gas reserves with the specific goal of strengthening energy-intensive industries to diversify the Iraqi economy. In Iraq, natural gas might really be the key driver to develop additional industrial sectors. In fact, natural gas may be used for power generation (electricity), petrochemicals, fertilizers, and other heavy industries in which gas is the primary feedstock. In this regard, some analysts might object that the development of these new industrial sectors would not really change the picture for Iraq because its economic development would still be too linked to the oil and gas sector—in practice Iraq’s economy would continue to be overaffected by the price of oil and gas. This observation is by no means wrong, but it’s also true that, apart from increasing oil exports (and in this regard, it will be important to see how Iraq will deal in the future with OPEC’s quota restrictions) to improve its economic standing Iraq does not have many alternatives to developing its natural gas resources and then using them to add other industrial sectors to the economy. Please click here to download the full report. Alessandro Bacci is an independent energy consultant in relation to business strategy and corporate diplomacy (policy, government, and public affairs). Much of his activity is linked to the MENA region, an area where he lived for four years. Alessandro is now based in London, United Kingdom (www.alessandrobacci.com). A multilingual professional, Alessandro holds a Bachelor of Laws and Master of Laws from the University of Florence (Italy), a Master in Public Affairs from Sciences Po (France), and a Master in Public Policy from the Lee Kuan Yew School of Public Policy (Singapore).**** Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • Investors Iraq News's Avatar
    Today, 01:43 AM
    By John Lee. A sharp fall in the value of the Iranian rial has reportedly reduced the price of Iranian goods in the Kurdistan Region of Iraq by 30 percent, boosting demand. According to Rudaw, trade between the Kurdistan Region and Iran amounted to $6 billion in 2016, falling to around $5.05 billion in 2017. Tehran closed three border crossings with the Kurdistan Region at the request of Baghdad after September’s independence referendum, reopening them in early January. More here from Rudaw. (Source: Rudaw) (Picture Credit: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 27 view(s)
  • Investors Iraq News's Avatar
    Today, 01:43 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Feb 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD951 (+2.7%) / $991 (+2.7%) (weekly change) (+17.2% and +18.6% YTD change, respectively). The number of week traded shares was 7.1bn and the weekly trading volume was IQD7.9bn ($6.3mn). ISX Company Announcements Al-Mosul for Funfairs (SMOF) will hold AGM* on Mar. 4, 2018 to discuss and approve 2013 annual financial results and increasing the capital from IQD400mn to IQD800mn through 100% bonus issue. ISX will suspend trading of SMOF starting Feb. 27, 2018. Babylon Hotel (HBAY) will hold a GA on Mar. 1, 2018 to discuss the offer of deferred investment contract postponed from the previous AGM held on Nov. 19, 2017.* ISX will suspend trading of HBAY starting Feb. 26, 2018 and the company will resume trading on Mar. 4, 2018. Mouta for Remittance (MTMO) will hold a GA on Feb. 26, 2018 to elect a new BoD. The company has been suspended since Jan. 21, 2018 because the company was converting from money transfer company into an Islamic bank. Iraqi Agricultural Products and Marketing Meat (AIPM) will hold a GA on Feb. 20, 2018 to elect a new BoD. ISX suspended trading of AIPM starting Feb. 15, 2018 and the company will resume trading on Feb. 21, 2018. Asiacell (TASC) will be suspended from trading on Feb. 18, 2018 if the company fails to explain why the prices touched the higher limit in the last two trading sessions (Feb. 14-15, 2018). AL- Kindi of Veterinary Vaccines Drugs (IKLV) will hold AGM* on Feb. 18, 2018 to discuss and approve 2016 annual financial results. ISX suspended trading of IKLV starting Feb. 13, 2018. Commercial Bank of Iraqi (BCOI) announced that it will start distributing 2.6% cash dividend (IQD0.026 dividend per share) from 2015 profit starting Feb. 18, 2018. Ashur International Bank for Investment (BASH) resumed trading on Feb. 12, 2018 after discussing and approving 2016 annual financial results. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Investors Iraq News's Avatar
    Today, 01:43 AM
    By John Lee. A new section of Erbil’s largest road was reportedly opened on Monday. The*five-kilometer stretch of the “120 Meter Road” will alleviate heavy traffic on the Erbil-Pirmam and Erbil-Koya roads, according to a report from Rudaw. The Hemn Group has pledged to finish the next phase of the project near the Kirkuk road and another segment serving the Kirkuk-Mosul road by the end of the year, witht the entire road expected to be completed by the end of 2018. More here from Rudaw. (Source: Rudaw) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Investors Iraq News's Avatar
    Today, 01:43 AM
    Iraq has received the first batch of Russian-made T-90 battle tanks as part of a purchase agreement signed last year, according to an Iraqi Defence Ministry spokesman. “The first batch of Russian tanks arrived on February 15 at Umm Qasr Port – they have since been transported to Baghdad via the city of Basra”. The delivery comes as part of a purchase agreement signed last year between Iraq and Russia for a total of 73 T-90s. “The rest of the tanks will be delivered gradually,” the Defence Ministry source said, pointing out that the first batch of tanks would enter into service “in the coming days”. (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • James's Avatar
    Yesterday, 09:49 PM
    The ISX decided to move trading of 19 companies from the regular market to the non-regular market starting Mar. 1, 2018. If your wanting to buys or sell share this doesn't sound good. At least for some it was due to the decrease in annual trading volume. Three of those banks traded today BNOI @ .56 (2 trades) BROI @.68 (9 trades) BASH @.31 (11 trades). It looks like they need to be active more on the ISX. In contrast BBOB was @ .73 with (63 trades) 1/3 the total bank trades today. Note: “Suspend/ISC” companies are not trading due to ISC Instructions. “Suspend/GA” companies are not trading due to General Assembly Meetings. "(NR)": These are the companies which are trading in the Non-Regular market (in compliance with Iraq Securities Commission law numbered 132/9 on 20/12/2012). These companies were moved to the secondary market (non-regular) because of the decrease in their trading volume and the number of days that these companies are being traded for. Please note, according to the Regulations of the Secondary Market, in each trading session, the average share price will be calculated for each share. The maximum increase and decrease of +/-20% will be based on the average price in the previous session. The price should be valid during three effective trading sessions after the listing, and it will be free in the first trading session after capital increasing.
    5 replies | 190 view(s)
  • pirata's Avatar
    Yesterday, 09:16 PM
    This is good or bad for us? Please anyone
    5 replies | 190 view(s)
  • James's Avatar
    02-18-2018, 05:46 PM
    Yes BBOB has has over 400 trades this week. http://www.rs.iq/research_reports/preview/2018_02_20180218_RS_Daily.pdf http://www.isx-iq.net/isxportal/portal/uploadedFilesList.html
    5 replies | 190 view(s)
  • haggisbasher's Avatar
    02-18-2018, 05:37 PM
    Hi James i read this today,is BBOB trading there havent seen them in a while.
    5 replies | 190 view(s)
  • James's Avatar
    02-18-2018, 03:02 PM
    The ISX decided to move trading of 19 companies from the regular market to the non regular market starting Mar. 1, 2018 due to the following reasons: 1) Due to not trading in 2016-2017: AL-Wiaam for Financial Investment (VWIF), 2) Due to the decrease in annual trading volume: National Bank of Iraq (BNOI), Credit Bank of Iraq (BROI), North Bank (BNOR),Union Bank of Iraq (BUOI), Ashur International Bank (BASH), Al-Bilad Islamic Bank (BLAD), Al-Khatem Telecoms (TZNI) and AHliya For Insurance (NAHF), 3) Due to less than 25 trading sessions: Economy Bank For Investment (BEFI), Dar es salam Investment Bank (BDSI) and Iraqi for General Transportation (SIGT), 4) Due to the decrease in all indicators: Al-Zawraa for Finanical Investment (VZAF) and Al -Khazer for Construction Materials (IKHC), 5) Due to being under CBI custody: Dijlah & Furat Bank for Development (BDFD) and Dar Al-Salam for Insurance (NDSA).
    5 replies | 190 view(s)
  • Investors Iraq News's Avatar
    02-18-2018, 01:27 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 | 62 view(s)
  • Wolverine's Avatar
    02-18-2018, 02:25 AM
    6669 replies | 420537 view(s)
  • Wolverine's Avatar
    02-18-2018, 02:18 AM
    6669 replies | 420537 view(s)
  • Investors Iraq News's Avatar
    02-18-2018, 12:58 AM
    Genel Energy plc has announced that it has received an override payment of $7.05 million from the Kurdistan Regional Government (KRG). The payment represents 4.5% of Tawke gross field revenues for the month of November 2017, as per the terms of the Receivable Settlement Agreement.* Taken together with the monthly entitlement payments for Taq Taq and Tawke announced yesterday, Genel’s net share of payments relating to November 2017 exports totals $26.81 million. (Source: Genel Energy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 56 view(s)
  • Investors Iraq News's Avatar
    02-18-2018, 12:58 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.* Tribal disputes flare in southern Iraq over water scarcityIraqi Prime Minister Haider al-Abadi gave instructions on Feb. 11 to stop the encroachment upon water quotas and increase the water share to Al-Mejar district in Maysan province in southern Iraq. Abadi’s instructions came days after tribal conflicts in Iraq’s southern provinces*broke out over agricultural land water quotas, prompting activists*in the province to launch a campaign titled*Save the Tigris*in a bid to end the water crisis. There are already conflicts*plaguing*those provinces*— especially Basra, where water issues*between the southern tribes have already escalated into armed conflicts. Hassanein al-Munshid, a civil activist in a local campaign in Maysan province working to end the water crisis, told Al-Monitor, “Tribal conflicts are intensifying in the province because of the water crisis, which might lead to additional fighting.” He added, “There is a tribal sheikh in the northern areas of Maysan province controlling the water flow of the Tigris River to irrigate his farms. There are top officials who are aware of his acts of encroachment, but the government cannot do anything about it.” For security reasons,*Munshid did not name the sheikh. The Iraqi government is doing its best to face the drought that hit the southern provinces due to the lack of water flowing from Turkey, which is the source of the Euphrates River. Most areas of the south and the middle Euphrates depend on the water flowing from the Euphrates. Majid al-Gharabi, a sheikh in Diwani province, told Al-Monitor, “The reason behind the tribal differences over water is that some clans are diverting the flow of water to prevent it from reaching the farms of other tribes.” On Jan. 21, Iraqi Minister of Water Resources Hasan al-Janabi wrote on his Facebook page that “Turkish Foreign Minister Mevlut Cavusoglu said in front of Abadi that Turkey is committed to postponing the filling of the Ilisu Dam and that the Turkish president is committed *Iraq. We definitely have specific demands we seek to achieve peacefully and diplomatically in this regard.” In an interview published by*Foreign Policy Concepts on Jan. 7, the Iraqi minister said the country’s water scarcity is intensified by excessive control measures in the upper reaches of the Tigris and Euphrates rivers. Of note, 70% of the water that flows into Iraq comes from outside of Iraq’s borders, and this issue*— just like any other*— affects and is affected by politics, so Turkey’s construction of the Ilisu Dam faced strong Iraqi objections given the risks of drought it entails for Mesopotamia. In the province of Dhi Qar alone, 20 clan clashes erupted recently due to water scarcity, according to Mayor*Hussein Ali Raddad of the Islah district, who also confirmed that the local government in the province failed to reach any solutions regarding*the issue. Ali Raddad told Al-Monitor, “The crisis we are facing now lies in the tribal conflicts that sometimes escalate into violence.” Iraqi officials say the reason behind the water crisis in the country is that not enough water is flowing into Iraq from Turkey, warning*of a looming “disaster” in the*coming months. Meanwhile, a number of citizens blame the Iraqi government for the tribal conflicts erupting in the country, saying the government is incapable of monitoring the distribution of water quotas to farmers. Some tribes are not getting their share of the water*while others are getting more than their specified quota, citizens told Radio Nawa. Water is not sufficiently flowing into farms from the main sources in their provinces, worsening the issues between tribes. The water crisis may serve as the impetus for new demonstrations in Iraq, specifically in the southern regions where some*tribes warned the Iraqi government of a “war” that may erupt in the absence of appropriate measures to resolve the water crisis. In Maysan province, water shortages are no less serious than those in Dhi Qar, Samawah and Wasit. The capital city of Maysan,*Amarah,*may suffer a major disaster as a result of drought, as waves of displacement will ensue, the marshes will dry out, the livestock will die and the agriculture industry will be doomed, officials say. This is not the first time that armed conflicts have erupted between the tribes of southern Iraq over water. Three years ago, the dispute escalated between the tribes of the provinces of Muthanna and Diwaniyah for the same reason. Parts of southern Iraq are going through a phase*no less serious than the situation in the Sunni areas of Anbar, Salahuddin and Ninevah. Water is the dwindling lifeblood that could lead to long-term tribal fighting in those areas. Despite its attempts, the Iraqi government is seemingly unable to control the tribal differences over water in the areas of southern Iraq, especially considering that there are tribes and families controlling the water flow and preventing it from reaching other farms and areas. The Iraqi government may have to resort to a military option to end inter-clan disputes over water and force tribes to divide water quotas. Otherwise, some farms will be deprived of their quotas. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 56 view(s)
  • BatmaninIraq's Avatar
    02-18-2018, 12:39 AM
    Flooding the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy Thursday 15 February 2018 ​nder Conference : Kuwait , the results of which are discouraging to solve the problem economic Iraqi especially after the devastation resulting from the grinding war on terrorism must think of radical solutions and take advantage of other peoples experiences I want to point to the experience of two states at the time Alhadrohee experience Masrafiqirh powered and experience its Vnzula oil - rich experience The brother of the banker Float the Egyptian pound in 2016, which produced my output after only one year of float Flooding first year .. Egypt stronger "in numbers" after the liberalization of the exchange rate .. Cash reserves jump from 19 to 36.5 billion dollars .. And 56 billion dollars in saving imports And $ 13.7 billion Surplus payments and 17.3% increase in foreign transfers Floating currency "means that the exchange rate against the dollar or any foreign currency away from any intervention of the government or the central bank in determining its price, and linked to the value of supply and demand Yes Float Egyptian currency led to a decline in the price of the pound against the dollar from about 9 to 17 But the state still provides the necessary materials and medicines for citizens and did not increase the proportion of poverty with the knowledge that Egypt imports most of its oil needs from the outside is a very big abysmal example, the second is the state of Venezuela, a country very rich in oil and is now on the brink of bankruptcy where it was running its economy similar to what is done in Iraq At the time The present currency "Venezuela" is now at 3 prices for the exchange, according to the price of central bank exchange rate, the price on the black market, the price used in exports with a large corruption in the work of the Central Bank Iraq is undoubtedly on the Venezuelan example if not taken radical reforms similar to what took place in Egypt with a big difference to the Iraq and Iraq Huan oil revenues from the export of oil in December 2017 from $ 4-6 billion means about $ 76 billion per year The desired benefits of the flotation The process with some of the procedures is similar to what Egypt has taken with a transparency The central bank's reserves will increase by up to $ 40-50 billion in one year (the central bank's reserves could increase by more than $ 16 billion in one year). This amount will enable the start of major projects for energy, water desalination, agricultural projects, construction of hospitals and factories and through international companies. And will pay the price of these projects of oil imports without waiting for the foreign investor and this process will provide hundreds of thousands, but millions of job opportunities for unemployed Iraqis (foreign investor will come to foreign workers as often as with oil companies) and foreign investor, even if it comes in time The present will benefit from the auction sale of the current currency and the result is the damage to the Iraqi economy, as is the case with mobile phone companies, but in case the suspension of the auction will affect the interest of Iraq even with the foreign investor what is the potential damage in case of floating the bill Of course, there is a danger of a decrease in the Iraqi currency, but for employees whose income is not more than $ 1000, the damage will be limited and at the beginning only and only for the value of procurement of luxury materials, but will be met by the improvement of electricity, hospitals, medical devices, medicines, roads, water and credit card. There is the possibility of getting more members of the family more job opportunities, but when the economy and the farms and factories of Iraq will begin to spin out of date decline in currency news this process can reduce the rampant corruption and companies unreality It is possible that the Iraqi economy to become one of the largest economies of Namie and in any case can go back to sell the currency once again after a year or two years if it is not written for the success of this process and I do not think the piece and the people of Egypt Asalo
    51 replies | 6531 view(s)
  • BatmaninIraq's Avatar
    02-17-2018, 01:44 AM
    absolutely
    4 replies | 298 view(s)
  • Investors Iraq News's Avatar
    02-17-2018, 12:54 AM
    By John Lee. The United Nations has advertised new positions in Iraq: Future Forward Project Coordinator, Heartland Alliance for Human Needs A Field Coordinator, Première Urgence Internationale (PUI) Chief of Section, Supply Chain Management, UNAMI Senior Political Affairs Officer, UNAMI Program Manager, Relief International Human Settlements Officer, UN-Habitat – United Nations Human Settlements Programme Female Gynaecologist for Middle East, Médecins Sans Frontières (MSF) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 79 view(s)
  • Investors Iraq News's Avatar
    02-17-2018, 12:54 AM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Future Forward Project Manager, Heartland Alliance for Human Needs Project Officer (Communications with Communities), IOM – International Organization for Migration A Deputy Head of Mission, Première Urgence Internationale (PUI) A Deputy Health Coordinator in Erbil, Première Urgence Internationale (PUI) MEAL Coordinator, Première Urgence Internationale (PUI) Security Advisor, Première Urgence Internationale (PUI) Health Coordinator, Première Urgence Internationale (PUI) Senior Women’s Protection Advisor, UNAMI Monitoring & Evaluation Coordinator, Norwegian Refugee Council (NRC) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 80 view(s)
  • Investors Iraq News's Avatar
    02-17-2018, 12:54 AM
    Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between Feb. 9-15, conducting 43 strikes consisting of 63 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Strikes in Syria Yesterday in Syria, coalition military forces conducted four strikes consisting of five engagements against ISIS targets: — Near Abu Kamal, three strikes engaged two ISIS tactical units and destroyed an ISIS supply route, a staging area and a weapons cache. — Near Shadaddi, a strike engaged an ISIS tactical unit and destroyed an ISIS headquarters. On Feb. 14, coalition military forces conducted two strikes consisting of two engagements against ISIS targets: — Near Abu Kamal, a strike engaged an ISIS tactical unit. — Near Dayr Az Zawr, a strike engaged two ISIS tactical units and destroyed an ISIS outpost. On Feb. 13, coalition military forces conducted four strikes consisting of six engagements against ISIS targets near Abu Kamal. The strikes suppressed two ISIS maneuver elements and destroyed a fighting position, a heavy machine gun and an artillery system. On Feb. 12, coalition military forces conducted 10 strikes consisting of 13 engagements against ISIS targets: — Near Abu Kamal, nine strikes engaged an ISIS tactical unit; suppressed an ISIS maneuver element; and destroyed two artillery systems, a tactical vehicle, a heavy machine gun, two ISIS supply routes, a fighting position and a command-and-control center. — Near Shadaddi, a strike destroyed two ISIS fighting positions. On Feb. 11, coalition military forces conducted seven strikes consisting of 11 engagements against ISIS targets near Abu Kamal. The strikes engaged two ISIS tactical units and destroyed two fighting positions, an ISIS-held building, a command-and-control center, three tactical vehicles and two ISIS-supply routes. On Feb. 10, coalition military forces conducted nine strikes consisting of 11 engagements against ISIS targets: — Near Abu Kamal, eight strikes engaged six ISIS tactical units and destroyed two command and control centers, a fighting position, an ISIS-held building, a weapons cache, an ISIS motorcycle and a mortar tube. — Near Dayr Az Zawr, a strike engaged two tactical units of hostile forces and destroyed a tank. On Feb. 9, coalition military forces conducted three strikes consisting of seven engagements against ISIS targets near Abu Kamal. The strikes engaged three ISIS tactical units and damaged an ISIS-held building. Additional Strikes in Syria On Feb. 8, coalition military forces conducted a strike consisting of one engagement near Raqqa, engaging an ISIS tactical unit. On Jan. 31, coalition military forces conducted a strike consisting of one engagement near Shadaddi, destroying an ISIS rocket fighting position. Strikes in Iraq On Feb. 15, coalition military forces conducted a strike consisting of two engagements against ISIS targets near Rutbah. The strike destroyed an ISIS weapons cache. On Feb. 14, coalition military forces conducted two strikes consisting of three engagements against ISIS targets near Beiji. The strikes engaged an ISIS tactical unit and destroyed an ISIS facility. There were no reported strikes in Iraq on Feb. 12-13. On Feb. 11, coalition military forces conducted a strike consisting of one engagement against ISIS targets near Tal Afar. The strike engaged an ISIS tactical unit and destroyed an ISIS tunnel. There were no reported strikes in Iraq on Feb. 9-10. Additional Strikes in Iraq On Jan. 27, coalition military forces conducted a strike consisting of one engagement in support of an Iraqi raid on a high-value ISIS leader. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and ground-based tactical artillery, officials noted. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 92 view(s)
  • Brazileiro's Avatar
    02-16-2018, 09:51 PM
    but there ain't gonna be no rv cause there ain't gonna be no warka bank,,,,remember? lol
    4 replies | 298 view(s)
  • BatmaninIraq's Avatar
    02-16-2018, 01:34 AM
    “Basically when Saddam invaded Kuwait, the Kuwaiti Dinar was intentionally devalued so that Hussein wouldn’t reap the benefits of having confiscated a powerful currency. The Persian Gulf War ended Feb 28 and the revaluation took place within a month on March 24, 1991. You can see the revaluation was not a revaluation but IN FACT a re-instatement and it was actually 3 cents less than before the Iraqi invasion. Go figure? So how did anyone make millions then? Any increase in rate (not value) simply came from a mad, hysteria of speculation. It wasn’t that people were smart enough to purchase the currency on FOREX or thru a broker or have it as investors. Then go the bank and exchange it, like we will do with the Iraqi dinar. We can see the value was not de-valued like the Iraqi dinar and then revalued. So how did all these supposedly people make all these millions? Instead those that made any money off the Kuwaiti dinar would have had to make it off of getting the money out of the trash can or picking it up off the streets in Kuwait. Citizens literally threw the pre-invasion money out in the trash once Saddam Hussein issued his own dinar in Kuwait. They had no idea of what was to come later – the invasion and the liberating of their currency. You literally had to be in the right place at the right time to get rich off this dinar. So who did get rich then? Yes, there were some individuals like you and me who did get rich, but mostly it was the large investors who jumping on FOREX and caught the ride while it lasted. FACT or FICTION: The USA used the Kuwaiti dinar revaluation to pay off the National debt under the Clinton administration. This could not be farther from the truth. First, we know from reading the FACTUAL history of the process that took place it was not IN FACT a revaluation but a reinstatement. Second, it was only re-instated and the dinar actually came back at 3 cents less there is was prior to the invasion by Iraq. FACT or FICTION: the Kuwaiti dinar was taken out of the US reserves and exchanged it to pay of the National debt. No Kuwaiti dinar was “cashed in” and taken out the reserves to pay for anything. The Kuwait dinar was used to pay off the USA for the expense of the invasion and this is how this war paid for itself. This money was received by the US Treasury from Kuwait during the time of negotiations on the whether to raise the debt ceiling once again to borrow more money for the deficit spending for that last year of the Clinton administration. They had to do something. Remember president Clinton is the one who proposed the Gramm-Rudman-Hollings Act, which prohibits deficit spending unless in time of national emergency (like a war). The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 (both often known as Gramm–Rudman) were the first binding spending constraints on the federal budget. The acts were named after U.S. Senators Phil Gramm (R-Texas), Warren Rudman (R-New Hampshire), and Fritz Hollings (D-South Carolina), who were all their chief sponsors. Under the 1985 Act, allowable deficit levels were calculated for the eventual elimination of the federal deficit. If the budget exceeded the allowable deficit, across-the-board cuts were required. During Clinton’s last year in office was one of the few periods where the USA was not “officially” at war. This was during the period of lull between the first gulf war and the second later gulf war. I call then the embargo years for Iraq. This is the period of ten years when they wanted to inspect and make sure that Iraq did not have any weapons of mass destruction. Also they wanted to wear down the government, the military and the economy to get ready for the second invasion that was to take place in 2003. So this money was used for this purpose. This is all that happened. The USA DID NOT use any of this money to pay of the National Debt, not a penny. It only prevented from adding to it. Did you hear me? There happened to be some money left over once they covered the amount of the deficit in that year’s budget, so instead of saving it and applying it to next years’ deficit, the incoming new president G. W. Bush gave out rebates to everyone just in time to gain popularity going into his second election. He knew there was not much of a chance in getting a second term and had to do something. Remember he also signed the Medicaid bill for prescription drugs to senior citizens about this time too. Lots of freebies to the voters in return for votes. Is all about votes. This is what they always do. It is not really about caring for YOU. It is about staying in power. We saw just how close the election was and if it was not for the rigging of the voting process in Florida, he still would not have made it to a second term. FACT or FICTION: Once re-instated investors climbed onboard and bought the Kuwait dinar and drove the price up to US$9.00 on float before the IMF capped it. This is about the only FACTUAL part of the entire saga to this story of rumors on the Kuwaiti dinar. So yes, if you did happen to have the Kuwaiti dinar, the correct series of the currency (fourth or fifth issued series),and you were following FOREX closely, you stood a chance to make some money and could have possibly made millions. But how many people had all these conditions just right in their favor? Like I said many of the invading Gis had the hard currency in their duffle bags and it was bought home. The military forbid this but they did it anyhow. The worst that could happen to them is that it could be confiscated upon inspection once arrived at home. They never inspected most of their luggage. So along with the FOREX daily watchers (educated investors) these GIs held this currency but they had to know to go to the bank with it. Most did not and missed the opportunity as the rate soon dropped back and normalized. FACT or FICTION: the US Treasury “exchanged” trillions of the Kuwaiti dinar once the rate rose to record levels on FOREX. The US Treasury was paid by Kuwait in US dollars not Kuwaiti dinar. Even with the US $9 FOREX hysteria, the US Treasury simply did not have enough Kuwaiti dinar to pay off the trillions of National Debt at that time., even if they wanted to. After all, the war debt with Kuwait was only in the billions not trillions and Kuwait was able to easily pay this IOU back to the US, as agreed would happen prior to the war. This was all an upfront agreement and the timing was perfect. Clinton was to look like a hero but not for the reasons you are made to believe. So the BIG question is this – is there a new plan to stock the US Reserves with Iraqi dinar and use it to pay off the National Debt after its revaluation? Well one thing we do know for sure is the Iraqi dinar will have a very substantial revaluation unlike the initial re-instatement of the Kuwaiti dinar. We know this from knowing about the process to “delete the zeros”. In fact the Kuwaiti dinar never really did revalue, it only rose in rate (not value) due to the float on FOREX and pure speculation. It then came back to reality. There is some plan to do something and use some of this to pay off debt if nothing else in part to use it for the deficit negotiations coming up on Feb 8th once again. Can they balance the deficit? Trump will look like a hero if they can and do it without closing down the govt again. As the US is not doing all this work in Iraq to just fight terrorism. This is all information that, if you tie it all together, points to the near completion of the project to delete the zeros and eventual revaluation of the Iraqi dinar. This what we are looking for. This is our TARGET! Memories are short and this was even on the national news channels at that time, explaining it all to the American people.
    4 replies | 298 view(s)
  • BatmaninIraq's Avatar
    02-16-2018, 01:34 AM
    THIRD SERIES (the last prior to the invasion of Kuwait by Iraq) The third series was issued on 20 February 1980, after the accession to the throne of late Emir Jaber al-Ahmad al-Jaber al-Sabah, in denominations of 1⁄4, 1⁄2, 1, 5 and 10 dinars. A 20 dinars banknote was introduced later on 9 February 1986. As a result of the state of emergency after the Invasion of Kuwait, this series was ruled invalid with effect from 30 September 1991. Significant quantities of these notes were stolen by Iraqi forces and some had appeared on the international numismatic market. The “Standard Catalog of World Paper Money” (A. Pick, Krause Publications) lists notes with the following serial number prefix denominators as being among those stolen: ¼, ½, 1, 5, 20. FOURTH SERIES (these are the ones many made millions off of) After the liberation of Kuwait by Operation Desert Shield, a fourth series was issued on 24 March 1991 with the aims of replacing the previous withdrawn series as quickly as possible and guaranteeing the country’s swift economic recovery. This fourth series was legal tender until 16 February 1995. Denominations were 1⁄4, 1⁄2, 1, 5, 10 and 20 dinar. FIFTH SERIES (the dinar they use today, just a security upgrade) The fifth series of Kuwaiti banknotes were in use from 3 April 1994 and included high-tech security measures which have now become standard for banknotes. Denominations were as in the fourth series. The process that actually took place: According to Business Times, 25 September 1990, when Iraq invaded Kuwait in August 1990, they order a 12 days currency exchange for the holders of Kuwaiti dinars at one to one exchange with Iraqi dinar, each Kuwaiti dinar was worth nearly US$3.50 before Iraq’s invasion of Kuwait. People who loss confidence on Kuwait change their Kuwait Dinar and the Kuwaiti currency soon withdrawn from circulation and has been replaced by Iraqi currency. During that time, Iraq don’t just replacing the Kuwait currency, they also seized gold, foreign currency and goods worth between US$3 billion to US$4 billion from the Institute of the financial institutions and trading in Kuwait. The Kuwait Central Bank’s vaults of gold and cash has been emptied by Iraqi troops. On 11 August 1990, The Business Times reported that banks and money changers had suspended the Kuwaiti currency trading, with many of them even shying away from quoting other Middle-east currencies. Most expatriates living in the Middle east during that time exchange their middle east currency with US Dollar. On 18 January 1991, Reuter reports that The Kuwaiti dinar has soared on Middle East black markets in the run up to a Gulf war in the expectation that A RESTORED GOVERNMENT WOULD HONOR THE CURRENCY AT ITS FORMER VALUE. After the invasion was over on February 1991, Kuwait issued new currency on 24 March 1991. On 21 March 1991, Kuwait Central Bank Governor Salem Abdul Aziz al-Sabah said 700 million newly-minted Kuwaiti dinars had already arrived in the vaults from Germany and London. The New York Times, March 25, 1991 reported the KUWAIT CENTRAL BANK IS CANCELING THE VALUE OF KUWAITI DINARS THAT WERE SEIZED FROM THE CENTRAL BANK AND PUT INTO CIRCULATION BY THE IRAQIS. The invalid serial numbers were posted in front of all banks in the city. All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar. In Kuwait Dinar case, the new official exchange rate (US$3.47) is almost the same as the value (US$3.50) before Iraq’s invasion. Kuwait government don’t borrow money from foreign institution for the Kuwait reconstruction. They have US$100 billion in overseas investments to help them for the Kuwait reconstruction. In the closing hours of the Gulf War in February 1991, the Iraqi occupation forces set ablaze or damaged 749 of Kuwait’s oil wells. All of these fires were extinguished within a year. Production has been restored, and refineries and facilities have been modernized. Oil exports surpassed their pre-invasion levels in 1993 with production levels only constrained by OPEC quotas. The gold looted from Kuwait had been return by Iraq on August 1991. The United Nations Compensation Commission (U.N.C.C.). also imposed a total of $53 billion in war reparations charges against Iraq. It concluded considering files and imposing charges at its June 2005 meeting. Iraq has paid $19 billion of these imposed reparations charges. The U.N.C.C. awarded Kuwait’s oil sector $21.5 billion and Kuwait’s government $8.2 billion. The U.N.C.C. also awarded Kuwait an additional $3.8 billion for claims arising from environmental damage. What is happening during Kuwait RV in 1991 and what happened with Iraq is totally a different situation. The remaining balance of these reparations had to be paid off or a deal cut with Kuwait that was also acceptable to the IMF. Late last year 2017, a deal was cut to export gas over a (soon to be built) pipeline from Iraq to Kuwait. This deal was needed to get Iraq out of Chapter VII).
    4 replies | 298 view(s)
  • BatmaninIraq's Avatar
    02-16-2018, 01:33 AM
    Let’s get the record clear on this Kuwait RV once and for all. I list the reasons why it is not as simple in the Iraqi dinar process as it was for the Kuwait dinar process. So let’s begin with our analysis today. First let me say the RV was actually a re-instatement. There was never a revaluation. The currency was put on a free-market FLOAT by the IMF and the rise in rate (not value) was due purely by speculation. The value remained the same and eventually the results of the FLOAT leveled off and it returned to its true value, which was right around the re-instatement value in the first place. So let’s look at the entire process of the 1990 and the KWT currency of the Kuwaiti dinar. So in the recent history of the KWT, there has been five issuances of the currency. We are concerned mostly with the last three (3) since these are the timeframes we talk about most in our rumors.
    4 replies | 298 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 10:15 PM
    Source: Read the story here Post your commentary below.
    0 replies | 94 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 10:15 PM
    Source: Read the story here Post your commentary below.
    0 replies | 113 view(s)
  • calstar's Avatar
    02-15-2018, 06:50 PM
    Try 3044@warka-bank-iq.com Mohammad Issa
    3 replies | 306 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 02:20 PM
    Following the Kuwait International Conference for the Reconstruction of Iraq earlier this week, Iraq has so far received pledges of financing totalling around $30 billion to help with rebuilding the country after the devastating war against the Islamic State group. While this is well short of the $88 billion in funding estimated to be needed, it is still a very significant boost for the country’s reconstruction programme, and will greatly improve the quality of life for millions of Iraqis. Commenting on the outcome, UN Secretary-General António Guterres said: “After the last three days in Kuwait, I feel hope for a new Iraq that is open for business and prepared to face the next challenge of rebuilding communities while reconstructing schools, roads, bridges, hospitals and public infrastructure. “A prosperous Iraq will be a pillar for development and stability in the region.” Many readers of Iraq Business News will play key roles in this reconstruction effort, and we would like to wish them every success in this important work. To promote your business to the Iraqi market, please contact our sales manager, David Jeffries: david.jeffries@iraq-businessnews.com, +44 20 8150 5293. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 104 view(s)
  • James's Avatar
    02-15-2018, 02:11 PM
    Interesting.... Asiacell (TASC) will be suspended from trading on Feb. 18, 2018 if the company fails to explain why the prices touched the higher limit in the last two trading sessions (Feb. 14-15, 2018). No. Trades Volume T. Shares Change % 36 35,785,552 3,995,000 10.00% 31 20,849,642 2,553,909 9.93% 25 13,108,648 1,756,519 6.04% 18 11,750,966 1,654,000 0.28%
    0 replies | 126 view(s)
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