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  • James's Avatar
    Today, 09:16 PM
    I was thinking the same thing. I sure hope so. I have a detailed email with the last ISX Warka balance from a few years ago. I hope they will honor it.
    14 replies | 576 view(s)
  • calstar's Avatar
    Today, 07:43 PM
    I hope they release our bank stocks to the brokeage.
    14 replies | 576 view(s)
  • calstar's Avatar
    Today, 07:40 PM
    James I was looking at article about Baghdad Soft Drinks bought Northern Soft Drinks. Will get any credit for shares for Northern Soft Drinks shares if the company was purchased.
    6 replies | 5346 view(s)
  • What If....'s Avatar
    Today, 07:27 PM
    I wonder if or when they will be able to buy shares again. Is there ISX dept. back up as well?
    14 replies | 576 view(s)
  • haggisbasher's Avatar
    Today, 06:28 PM
    Compound interest on saving accounts paid at the end of the month also.
    3 replies | 127 view(s)
  • Investors Iraq News's Avatar
    Today, 04:46 PM
    IBBC Autumn conference in Dubai attracts deep engagement and discussion of the Protests Over 100 attendees of largely Iraq Britain Business Council (IBBC) members engaged in deep discussions and conversational at the Autumn Conference in Dubai this weekend. As a backdrop to the protest and conflict in Iraq, speakers and delegates articulated the causes, solutions and reforms required to improve the situation in Iraq. Distinguished speakers included H.E Mr Abdulla Ahmed Al Saleh, under-secretary Foreign Trade and Industry UAE Ministry of Economy, Dr Dara Rashid, senior deputy minister of housing construction and municipalities GOI, Mr Talib Abdullah Bayesh, deputy Minister of Transport and Mr Simon Penney- HM Trade Commissioner for the Middle East, along with Baroness Nicholson, President of IBBC and Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Kazakhstan and Turkmenistan. Key panels included Middle East, economic trends and prospects – with particular reference to Iraq – lead by Professor Frank Gunter, Prof Economics Lehigh University –his presentation, outlining the underlying economic issues in Iraq can be found here IBBC Dubai 1Dec19 (2) Joining him were Dr Alexander Hamilton of DFID, Simon Penney and Dr Dara Rashid – while the outlook for Iraq currently looks bleak, there was a marked degree of optimism on the panel, as the protests and prospective new government are seen as a potential spur to reform and change for the better. Mr Christophe Michels, MD of IBBC observed: “Following meetings with leaders of the protest movement in Baghdad last month, and despite the fact that the protests themselves led to a severe disruption of the work of most businesses, the protest movement is led by a multitude of civil society organisations who consist mostly of very young women and men, inspired by hope for the future of the country. It transcends religious, sectarian, class and gender barriers and appears to be crystallising into a new form of Iraqi nationalism.” Other panels covered Power, John Scott of IBBC chaired GE, Crescent Petroleum and Uruk engineering. Infrastructure and Water – with a stunning presentations by Mr Hussam Chakouf of Zaha Haddid Architects, Dr Rashid and Mr Sean Gamble MD of RSK, who are undertaking significant environmental clean- up and land reclamation projects across Iraq and particularly in the oil fields around Basra. Transport and Logistics, chaired by Ms Beverly Simpson Director of Department for International Trade at the British Embassy Baghdad, with Mr Talib Abdullah Bayesh, Deputy Minister of Transport, Mr Jason Sutcliffe of Rolls Royce and Mr Phil Marsham CEO of Basra Gateway. Alongside the conference a special newly active Women’s group, led by Samer Athamer of AMS Iraq and Agne Abramauskaite of IBBC which discussed the empowerment of women and development of careers, and a dedicated afternoon to the Tech Forum – an increasingly dynamic new member group, dedicated to promoting Tech in Iraq – Sponsored by Innovest, investors in Iraqi Start-ups, and led by CEO Mr Bassam Falah. The forum was chaired by Ashley Goodall of IBBC and ably supported by Mr Mohammed Khudairi of Iraqtechventures, with Mr Chris Ferguson Director and lead of UK Government Digital services, and Mr Alexander Hamilton of DFID, this panel discussed how to encourage the GOI to develop more and faster Tech initiatives and infrastructural support for Start ups and the Tech Ecology in Iraq, and to form a group within IBBC to develop these initiatives further – Second panel ( Educational Tech ) included Mr Timothy Fisher CEO of Stirling Education, whose team showcased their distance learning platform that is being trialled in their Iraqi schools, and is expected to be available to all schools in Iraq and beyond, ably supported by Mr Chris Ferguson with HMG UK examples of Educational tech, and Mr Hamilton of DFID. IBBC is most grateful to the following sponsors, without whom we would not be able to hold these important events: Rolls Royce, Khudairi group and Severn Glocon group as Conference sponsors, and Basra Gateway terminal as reception sponsors, and Innovest as key Tech Forum and conference sponsors. For more information please contact: london@webuildiraq.org or Telephone: 0207 222 7100 (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 5 view(s)
  • Brazileiro's Avatar
    Today, 04:23 PM
    Warkas website is back online. Domain name registered until end November 2021,,,Doesn't look like anything has been updated though...
    3 replies | 127 view(s)
  • James's Avatar
    Today, 10:13 AM
    Yes I'm waiting to see it show up in my Karmal account., Thanks!
    6 replies | 5346 view(s)
  • Investors Iraq News's Avatar
    Today, 03:15 AM
    By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: “Fundamentals on the Upswing, Market continues to Bottom”The demonstrations which resumed in the last week of October persisted into November and seem likely to continue for some time yet. This contrasts with earlier expectations that they would run out of steam due to a combination of carrot, stick and fatigue, none of which, alone or in combination, dented the spirt of an increasingly sceptical youth movement. The first to fail were the bundle of carrots in the form of successively enlarged government handouts over the course of the last few weeks. The sticks, in the form of an excessive government crackdown, failed too – even though the cumulative causality list increased considerably to over 450 people dead and nearly 20,000 wounded, the bulk of which were demonstrators. The expected fatigue turned out instead to be an explosion of art as the protest movement acquired its own symbolic art form expressed through large street murals, public performances, music and in particular the movement’s version of calligraffiti- a hybrid of calligraphy, typography, and graffiti. Calligraffiti in Baghdad’s Tahrir Square (Source: Photo by Mohammed Ghani posted on Baghdad Projects’ Facebook page)The sheer number of casualties among the country’s youth, while not sufficient to shake the political class into action, caused an expression of extreme anger by the leading religious authorities that led to the resignation of the prime minister by month end. Consequently, there is an intense political manoeuvring among the political elite over the choice and form of a new government that would undertake the needed electoral reform, to be followed by early elections in 2020. Complicating matters is the extent of the compromises by the political elite to ensure that these elections would be a meaningful departure from the prior ones that largely allowed them to maintain their oversized influence on successive government formations. While it is unlikely that the political elite will implement reforms that would threaten their interests, a consensus is emerging for making enough changes that would lead to the formation of future governments with a majority in parliament and parliamentary opposition, as opposed to the case since 2003 in which successive governments were composed of all parties in parliament, with neither a defined government programme nor any real opposition. This was the root cause of the failures of the past to implement the reconstruction of the country, as each party pursued its own program within its own sphere of influence within an all-inclusive government. These developments have yet to be played out and a lot of uncertainties remain, yet the near-term effect on the economy would be that the current caretaker government, while unable to act on capital spending plans, will follow up with implementing the current spending element of the 2019 expansionary budget. Moreover, it will continue to implement this budget in 2020 through the upcoming months of pre-election manoeuvring, elections, and post-election government formation. The most important consequence of this is the sustainable continuation of the consumer led economic recovery that first manifested itself through the growth of Iraq’s imports, as discussed here in September 2019, to satisfy consumer demands. The fuel for this consumer spending can be seen through the return of liquidity to the real economy, expressed through the continued growth of broad money, or M2, as a proxy for economic activity due to its sensitivity to oil revenues (chart below). The healing effects of a benign oil pricing environment in which the trailing twelve-month average Brent crude price is about USD 63/bbl, provided the wherewithal for the government to implement its expansionary budget for 2019 and probably into 2020. (Source: Central Bank of Iraq, Iraq’s Ministry of Oil, Asia Frontier Capital)(Note: M2 as of Sep. with AFC estimates for Oct.; Oil revenues as of Nov.)The growth in M2, as reported here earlier in the year, first accelerated in May 2018 with a pick-up in year-over-year change every month as can be seen from the above chart. However, the current figures for M2 are stronger than discussed here earlier as the Central Bank of Iraq (CBI) upwardly revised the figures for M2 for each month for the last few years – as outlined in the summer release of its “Annual Statistical Bulletin for 2018”. The upshot is that M2’s recovery, while slightly less in year-over-year percentage growth, is taking place from a higher base and thus the amount of liquidity in the economy is larger than believed earlier. Some of the effects of this liquidity were seen in the return of construction activity in Baghdad as reported here in AFC’s Iraq travel report in the summer. While this would be overshadowed by the demonstrations in Baghdad and the south of the country, this construction activity continues at an accelerated pace in the semi-autonomous Kurdistan Region of Iraq (KRI) which has not seen any demonstrations. While a far cry from the pre-crisis boom, the return of such activity is remarkable and promising for the region’s economy. Moreover, it should have positive implications for banks’ non-performing loans (NPL’s) given the size of construction related loans. The stock market continues to look through the political developments and is probably beginning to take note of the return of this liquidity to the economy as it spent most of the month, as measured by the Rabee Securities RSISX USD Index (RSISUSD), at between –2.0% and –1.0% of the close of the previous month, to end the month down –1.5%, and down –3.8% for the year. Encouragingly, the stock market’s dynamics followed through with the improvement discussed here over the last few months, as its breadth continued to broaden with a number of small industrial companies experiencing meaningful year-to-date gains. Like the healthcare providers covered in this report last month, small industrial companies experienced the best gains in the last few months in which the overall market began to stabilize. This dynamic can be seen in the performance of National Chemical & Plastic (INCP), Metallic & Bicycles Industries (IMIB) and Modern Sewing (IMOS), up +95.6%, +34.3% and +62.9% respectively for the year by end of November. Year to date indexed performance: National Chemical & Plastic – INCP (green), Metallic & Bicycles Industries -IMIB (dark brown) and Modern Sewing – IMOS (blue) (Source: Bloomberg, data as of 30 Nov. 2019)Moreover, like the healthcare providers, the stock market is focusing on a revival in earnings for these companies even though the earning results for them show no evidence of such an earnings recovery. It should be noted that the stock prices of these companies benefit from their illiquidity, in particular IMIB did not trade between early August 2018 and early March 2019, and the +34.3% YTD change used is based on the last traded price of the stock in 2018. A broadening market breadth as well as its increasingly discriminating nature, add to signs that it is bottoming after a brutal bear market in which the current YTD decline of –3.8% is on the back of –15.0% decline in 2018, –11.8% in 2017, –17.3% in 2016, –22.7% in 2015, and –25.4% in 2014. A recovery following this bottom formation could see the market, as measured by the Rabee Securities RSISX USD Index (RSISUSD), claw back some of the ?67.0% decline from the peak in early 2014 to November 2019 closing levels. Extra reading: For a full coverage of the protest movement’s symbolic art form visit the Facebook page of Baghdad Projects. An interesting article on the emerging new art form is “Iraq revolution will be dramatised, written, read, and painted”, Sarah Benhaida, Agence France-Presse (AFP), 5th December 2019. Please click here to download Ahmed Tabaqchali’s full report in pdf format. Mr Tabaqchali (@AMTabaqchali) is the CIO of the AFC Iraq Fund, and is an experienced capital markets professional with over 25 years’ experience in US and MENA markets. He is a non-resident Fellow at the Institute of Regional and International Studies (IRIS) at the American University of Iraq-Sulaimani (AUIS), and an Adjunct Assistant Professor at AUIS. He is a board member of the Credit Bank of Iraq. His comments, opinions and analyses are personal views and are intended to be for informational purposes and general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any fund or security or to adopt any investment strategy. It does not constitute legal or tax or investment advice. The information provided in this material is compiled from sources that are believed to be reliable, but no guarantee is made of its correctness, is rendered as at publication date and may change without notice and it is not intended as a complete analysis of every material fact regarding Iraq, the region, market or investment. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 9 view(s)
  • Investors Iraq News's Avatar
    Today, 03:15 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The southern Iraqi city of Nasiriya has seen some of the worst violence against anti-government demonstrators. As many as 96 people have been killed in the city since the beginning of October, 40 of them in a sudden two-day surge of unrest last week. In this exclusive report, Al Jazeera’s Simona Foltyn meets survivors and protesters who say they have been tortured by security forces: Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 14 view(s)
  • Investors Iraq News's Avatar
    Today, 01:02 AM
    The Ambassador of the Republic of Iraq to Brussels Mr. Sadiq Al-Rakabi received a delegation from the European Investment Bank. They discussed ways of resuming negotiations between the two sides on the framework agreement to be signed between Iraq and the European Investment Bank. The Bank’s funding and support for private sector projects will contribute to stimulating intra-trade between Iraq and ITU Member States, and provide many vacancies for Iraqi university graduates. On his part, the head of the delegation of the European Investment Bank stressed the importance of Iraq, its position to the European Union, and their appreciation for the difficult circumstances and challenges, indicating their readiness to start negotiations again and provide assistance to Iraq in the common interests. The two sides agreed to hold a second expanded meeting to discuss the draft framework agreement. (Source: Iraqi Ministry of Foreign Affairs) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 14 view(s)
  • Investors Iraq News's Avatar
    Today, 01:02 AM
    After ISIL, Agricultural Production Struggles to Recover in Parts of IraqThe Islamic State in Iraq and the Levant (ISIL) occupied large swathes of Iraqi territory between 2014 and 2017. The consequences of this occupation are still being felt in many rural areas where agricultural production was used as both a source of political propaganda and income, or destroyed as the group was forced out, a new IOM report says. It is estimated that the group’s brutal three-year occupation reduced Iraq’s agricultural capacity by 40 per cent. “It is necessary to prioritize the recovery and development of rural areas as part of our reconstruction and stabilization efforts,” said Siobhan Simojoki, Head of IOM Iraq’s Community Stabilization Unit. “Agriculture should be considered as an essential facet of the stabilization process and focus on this area can help balance out longstanding rural-urban economic inequalities.” The report, Rural Areas in Ninewa: Legacies of Conflict on Rural Economies and Communities in Sinjar and Ninewa Plains, published on 28 November focuses on agricultural output in Iraq’s third-largest governorate. Ninewa, in north-western Iraq, is also one of the country’s most fertile areas and has historically been the source of much of its grain and produce. ISIL benefitted from the 2014 harvest completed in the months before taking over Ninewa; the group then profited from sales of the harvest and rain-fed crops, while forcing workers to continue operating agricultural infrastructure. Finally, as ISIL was being pushed out, fighting, abuse, and revenge destruction caused severe lasting damage to the agricultural sector in the governorate. ISIL purposely targeted rural areas for strategic purposes, i.e., access to their own steady food supply and the option to sell off agricultural produce for financial gain, but their overuse and, in some cases, deliberate destruction of agricultural land has had long-term consequences on many rural areas. Almost two years after the military defeat of ISIL in Iraq, livestock are still missing in Ninewa, agricultural lands remain contaminated with explosives, and necessary machinery is lost or destroyed. To date, many stabilization and post-crisis development efforts have targeted urban areas. Ninewa’s role in Iraq’s agricultural industry suggests that rebuilding agricultural livelihoods is an essential component to achieving successful stabilization in Iraq. The presence of historically marginalized minorities in Ninewa’s rural areas is also of great importance, given the sensitivities of ethno-religious tensions related to land ownership; Ninewa Governorate is one of the most diverse in Iraq in terms of the number and prevalence of minorities. The new also report considers tensions in rural areas that have been worsened or ignited due to land and water policies, and agricultural decline under ISIL. The studies conducted for this report were funded by USAID, within the framework of the project Supporting the Return of Displaced Populations in the Ninewa Plains and Western Ninewa. Click here to download the full report. (Source: IOM) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 14 view(s)
  • crazyfrank's Avatar
    Yesterday, 10:42 PM
    Here is the link on that from al jazEera.net.............. https://www.aljazeera.net/news/ebusiness/2019/12/8/العراق-يطلق-شركة-لضمان-الودائع
    4 replies | 99 view(s)
  • crazyfrank's Avatar
    Yesterday, 08:57 PM
    here it is......................... http://www.rs.iq/iraq_news/view/15860 GO WARKA !!!
    14 replies | 576 view(s)
  • calstar's Avatar
    Yesterday, 07:30 PM
    For those interested : Announcement - Commercial Bank of Iraq ask Shareholders to receive cash money for 2018 5/12/2019 8:13 Announcement - Commercial Bank of Iraq ask Shareholders to receive cash money for 2018 from Sunday 8/12/2019 from 9: am till 12 Noon except Thursday from 9 : till 11:30 .
    6 replies | 5346 view(s)
  • Brazileiro's Avatar
    Yesterday, 07:10 PM
    Hey HB can you post a link to the info? and no Warka is not dead their domain name has to be renewed as it expired at the end of November. This has happened before...
    4 replies | 99 view(s)
  • haggisbasher's Avatar
    Yesterday, 05:54 PM
    Warka Bank is not dead,just read about Iraqi company being given the task of depositors funds now being insured,check it out on Iraqi dinar chat news. it is difficult to understand if we are being compensated or Warka qnd other banks are going to funded . been trying to cut and paste the news article from Al Jazeera.net
    4 replies | 99 view(s)
  • bultn's Avatar
    Yesterday, 04:29 PM
    Well, since you succeeded in posting here it is quite possible that the site is working again. The Warka site seems to be gone but the Warka online banking site is still there.
    4 replies | 99 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:48 AM
    The Ambassador of the Republic of Iraq to Moscow Meets with President of Russian-Iraqi Business Council and the Executive Director of the CouncilThe Ambassador of the Republic of Iraq to Moscow, Mr. Abdul Rahman Al-Husseini, met with the Chairman of the Russian-Iraqi Business Council Mr. Benderski Eduardo, and the Executive Director of the Council Mr. Maxim Meliakov. The two sides discussed the remarkable positive development in the bilateral relations cooperation between Baghdad and Moscow, especially in the field of energy. Ambassador Al-Husseini stressed Iraq’s desire to develop work in all fields, including: industry, agriculture, education, housing, water resources, and other sectors, revealing the existence of significant investment opportunities in Iraq, and expressed the readiness of the embassy to provide all facilities for investment of Russian companies and businessmen wanting a visit to Iraq. The Ambassador called for holding meetings to discuss the results of the meetings of the joint Iraqi-Russian Committee, and the implementation of the items of the minutes of the Committee. On his part, the President of the Russian-Iraqi Business Council stressed that the Council is exerting great efforts to develop relations and enhance cooperation between the two countries in all fields, revealing that the Council will study the problems and obstacles to overcome them. The Executive Director of the Council explained that the Board was briefed on all investment opportunities adding that the Council is working closely with the Joint Committee to address the obstacles to enhancing cooperation between the two countries. (Source: Iraqi Ministry of Foreign Affairs) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 17 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:48 AM
    By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Chaos spreads in Iraq as PM office remains vacantA number of unidentified militias penetrated Tahrir Square and the Sanak Bridge area in central Baghdad on the evening of Dec. 6, targeting protesters with live fire and carrying out field executions of some demonstrators. Dozens have been reported killed and many more wounded. Clashes are still ongoing. One of the protest coordinators told Al-Monitor from Sanak Bridge via phone, “A massacre is taking place here. We have been able to capture a few of the attackers. We found IDs with the name and logo of Kataib Hezbollah in their pockets.“ Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 20 view(s)
  • Investors Iraq News's Avatar
    12-07-2019, 11:43 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 | 14 view(s)
  • crazyfrank's Avatar
    12-07-2019, 10:57 PM
    ok its ok to post here again????????? is this working now??????? hello???? hello? I find it odd that this web site comes alive again suddenly, and the warka bank site has totally crashed now??????????
    4 replies | 99 view(s)
  • Investors Iraq News's Avatar
    12-07-2019, 12:44 AM
    By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Manufacturing artillery rockets – State Company for Military Industries Manufacturing mortar guns, State Company for Military Industries Manufacturing military protable water treatment plant, State Company for Military Industries Rehabilitation , modernization and assembling of heavy armored vehicles, State Company for Military Industries Manufacturing propellant charge for mortar bombs ,artillery rounds and rocket grenades, State Company for Military Industries Land, Ministry of Defense (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 16 view(s)
  • Investors Iraq News's Avatar
    12-07-2019, 12:44 AM
    Treasury Sanctions Iran-Backed Militia Leaders Who Killed Innocent Demonstrators in IraqToday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three leaders of Iran-backed militias in Iraq that opened fire on peaceful protests, killing dozens of innocent civilians. OFAC designated Qais al-Khazali, Laith al-Khazali, and Husayn Falih ‘Aziz al-Lami pursuant to Executive Order (E.O.) 13818 for their involvement in serious human rights abuse in Iraq. Additionally, OFAC designated Iraqi millionaire businessman Khamis Farhan al-Khanjar al-Issawi for bribing government officials and engaging in corruption at the expense of the Iraqi people. “Iran’s attempts to suppress the legitimate demands of the Iraqi people for reform of their government through the slaughter of peaceful demonstrators is appalling,” said Secretary Steven T. Mnuchin. “Peaceful public dissent and protest are fundamental elements of all democracies. The United States stands with the Iraqi people in their efforts to root out corruption. We will hold accountable the perpetrators of human rights abuse and corruption in Iraq.” As a result of today’s action, all property and interests in property of the individuals named below, and of any entities that are owned, directly or indirectly, 50 percent or more by them, individually or with other designated persons, that are in the United States or in the possession or control of U.S. persons, are blocked and must be reported to OFAC. Unless authorized by a general or specific license issued by OFAC or otherwise exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons. In addition, any approval, financing, facilitation, or guarantee by a U.S. person, wherever located, of a transaction by a foreign person where the transaction by that foreign person would be prohibited by E.O. 13818 if performed by a U.S. person or within the United States would be prohibited. QAIS AL-KHAZALI and LAITH AL-KHAZALI Qais al-Khazali is Secretary General of the Iran-backed Asa’ib Ahl al-Haq (AAH) militia in Iraq. During the late 2019 protests in many cities in Iraq, AAH has opened fire on and killed protesters. Laith al-Khazali, Qais al-Khazali’s brother, is also a leader of AAH. Qais al-Khazali was part of a committee of Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) proxies that approved the use of lethal violence against protesters for the purpose of public intimidation. In Diyala Province, Iraq, AAH has been involved in widespread forced disappearances, abductions, killings, and torture, targeting Sunni Iraqis with impunity. In late 2015, Laith al-Khazali controlled efforts to remove Sunnis from areas of Diyala Province, including killings to drive Sunnis from the area. Additionally, Qais and Laith al-Khazali had leading roles in a January 2007 attack on an Iraqi government compound in Karbala. The attack killed five U.S. soldiers and wounded three. Qais al-Khazali is designated for being a foreign person who is a leader or official of an entity, including any government entity, that has engaged in, or whose members have engaged in, serious human rights abuse relating to his tenure. Laith al-Khazali is designated for being a foreign person who is responsible for, is complicit in, or has directly or indirectly engaged in serious human rights abuse. The IRGC-QF, designated pursuant to E.O. 13224 on October 25, 2007, is a branch of the IRGC responsible for external operations and has provided material support to numerous terrorist groups, making it a key component of Iran’s destabilizing regional activities. The IRGC-QF’s parent organization, the IRGC, was designated pursuant to E.O. 13224 on October 13, 2017, and on April 15, 2019 was designated as a Foreign Terrorist Organization by the Secretary of State. HUSAYN FALIH ‘AZIZ AL-LAMI Husayn Falih ‘Aziz al-Lami (al-Lami) is an Iran-backed militia leader, tasked by other senior militia commanders with suppressing the late 2019 protests in Iraq. Al-Lami was part of a committee of IRGC-QF proxies that approved the use of lethal violence against protesters for the purpose of public intimidation. In late 2019, al-Lami was responsible for ordering the assassinations and suppression of protesters in Baghdad. Al-Lami directed militia fighters who shot protesters in early October 2019, a time when dozens of protesters were killed. Al-Lami is designated for being a foreign person who is responsible for, is complicit in, or has directly or indirectly engaged in serious human rights abuse. KHAMIS FARHAN AL-KHANJAR AL-ISSAWI Khamis Farhan al-Khanjar al-Issawi (al-Khanjar) is an Iraqi businessman and millionaire who enjoys significant power on a regional and international level. According to a former senior Iraqi government official, al-Khanjar’s influence has been mostly due to his willingness and ability to use his wealth to bribe others. Al-Khanjar has reportedly planned to spend millions of dollars in payments to Iraqi political figures in order to secure their support. Al-Khanjar is designated for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, corruption, including the misappropriation of state assets, the expropriation of private assets for personal gain, corruption related to government contracts or the extraction of natural resources, or bribery. GLOBAL MAGNITSKY Building upon the Global Magnitsky Human Rights Accountability Act, on December 20, 2017, the President signed E.O. 13818, “Blocking the Property of Persons Involved in Serious Human Rights Abuse or Corruption,” in which the President found that the prevalence and severity of human rights abuse and corruption that have their source, in whole or in substantial part, outside the United States, has reached such scope and gravity that they threaten the stability of international political and economic systems. Human rights abuse and corruption undermine the values that form an essential foundation of stable, secure, and functioning societies; have devastating impacts on individuals; weaken democratic institutions; degrade the rule of law; perpetuate violent conflicts; facilitate the activities of dangerous persons; and undermine economic markets. The United States seeks to impose tangible and significant consequences on those who commit serious human rights abuse or engage in corruption, as well as to protect the financial system of the United States from abuse by these same persons Information on the individuals designated today. (Source: OFAC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 17 view(s)
  • Brazileiro's Avatar
    12-06-2019, 01:20 PM
    It appears that the Warka domain name expired at the end of November so they need to renew it again...
    3 replies | 127 view(s)
  • Investors Iraq News's Avatar
    12-06-2019, 12:44 AM
    Alliant Techsystems Inc., Fort Worth, Texas, has been awarded a $37,788,519 firm-fixed-price modification (P00052) to previously awarded contract FA8106-16-C-0004 for contractor logistic support for the Iraqi Air Force’s Cessna 208 and 172 fleet. Work will be performed in Iraq and is expected to be completed by Dec. 31, 2020. This contract involves 100% foreign military sales to Iraq. This award is the result of a sole source acquisition. The dollars obligated is $169,153,380. The total cumulative face value of the contract is $235,000,000. Foreign Military Sales funds in the amount of $19,429,623.80 are being obligated at the time of award. The Air Force Life Cycle Management Center, Tinker Air Force Base, Oklahoma, is the contracting activity. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 38 view(s)
  • Investors Iraq News's Avatar
    12-06-2019, 12:44 AM
    IBBC host a roundtable discussion with His Excellency, Mr Jaafar Al-SadrOn Wednesday 4th December the Iraq Britain Business Council (IBBC) was pleased to host a roundtable discussion chaired by IBBC President Baroness Nicholson with Iraq’s newly appointed Ambassador to the UK, His Excellency, Mr Jaafar Al-Sadr, and fellow diplomats Dr Ahmed Al-Nakash and Ms Hanaa Jawad. The meeting was attended by several IBBC member representatives including from Al Hadeel Al Hassan LLC, Constellis, EAME, Ernst & Young, March Holdings, Mutual Finance Ltd, Perkins & Will, Protechnique, PWC, Rolls Royce, RSK, Shell, Unihouse Global and Xratech. His Excellency, Mr Al-Sadr introduced himself and opened a constructive discussion on current affairs in Iraq. Baroness Nicholson, gave a summary of the history of IBBC in Iraq, its membership and the many events and activities it supports Iraq and the UK. There was a good interactive discussion which identified opportunities for further cooperation between IBBC, its members and the Government of Iraq. Baroness Nicholson noted that the IBBC and its members looked forward to working closely with the Ambassador in the months and years ahead, and HE Al-Sadr expressed his appreciation for the continuing support of IBBC and its many members. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    12-06-2019, 12:44 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD636 (-1.0%) / $676 (-1.0%) (weekly change) (-3.6% and -4.8% YTD change, respectively). The number of week traded shares was 2.9 bn and the weekly trading volume was IQD1.8 bn ($1.5 mn). ISX Company Announcements ISX will suspend trading of Ashur International Bank for Investment (BASH) starting Dec. 17, 2019 due to the AGM that will be held on Dec. 22, 2019 to discuss and approve 2018 annual financial statements. ISX will suspend trading of Investment Bank of Iraq (BIBI) starting Dec. 16, 2019 due to the AGM that will be held on Dec. 19, 2019 to discuss and approve 2018 annual financial statements. ISX will suspend trading of Iraqi for Tufted Carpets (IITC) starting Dec. 15, 2019 due to the GA that will be held on Dec. 18, 2019 to elect 5 new original and 5 alternative board members. ISX will suspend trading of Modern Chemical Industries (IMCI) on Dec. 9, 2019 due to the AGM that will be held on Dec. 14, 2019 to discuss and approve 2018 annual financial statements. Commercial Bank of Iraq (BCOI) invited its shareholders to receive their cash dividend from 2018 profits (3.8% cash dividend, IQD0.038 dividend per share) starting Dec. 8, 2019. ISX suspended trading of Ready Made Clothes (IRMC) starting Dec. 3, 2019 due to the AGM that will be held on Dec. 8, 2019 to discuss and approve 2018 annual financial statements. ISX suspended trading of Al Taif Islamic Bank for Investment & Finance (BTIB) starting Dec. 2, 2019 due to the AGM that will be held on Dec. 5, 2019 to discuss and approve 2018 annual financial statements and increasing the capital from IQD100 bn to IQD150 bn through 50% rights issue. Bain Al-Nahrain Investment (VMES) postponed its AGM to Dec. 10, 2019 due to lack of quorum. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    12-06-2019, 12:44 AM
    By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Protesters have reportedly attempted to burn down the Iranian consulates in both of Iraq’s holy cities, Najaf and Karbala, over the past month, with the consulate in Najaf torched twice in a single week. The attacks in Najaf took place Nov. 27 and Dec. 1, two days after the Iraqi prime minister offered to resign following Grand Ayatollah Ali al-Sistani’s Friday sermon in the city. Protesters in Najaf also attacked the shrine of late Ayatollah Mohammed Baqir al-Hakim, who was assassinated in 2003 after he returned to Iraq following two decades in Iran. On Nov. 3, protesters attempted to burn down Karbala’s Iranian Consulate after a similar incident in Basra late last year. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 44 view(s)
  • dollarsign's Avatar
    12-05-2019, 10:59 AM
    Wasn't sure the site would make it back. May take a while for others to find realize it's up. $
    197 replies | 79160 view(s)
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