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  • Investors Iraq News's Avatar
    Yesterday, 05:54 PM
    Source: Read the story here Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 05:54 PM
    Source: Read the story here Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 05:54 PM
    Source: Read the story here Post your commentary below.
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  • Wolverine's Avatar
    Yesterday, 03:30 PM
    651 replies | 64818 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 10:30 AM
    NIC Chairman: Iraq is an Attractive Environment for Power SectorNational Investment Commission (NIC) Chairman, Dr. Sami Al-Araji assured, during a word he delivered in Powering Iraq Conference held in Baghdad July.10.19 that Iraq is an attractive environment for capitals in various economic sectors and at the top stands the power sector and that investment laws and regulations contained generous incentives that fertilize the land for the foreign companies to invest in the country. The conference was attended by Ministers of Oil and electricity, Ministries and Government institutions representatives, Iraqi private sector representatives in addition to Ambassadors of a number of countries. NIC Chairman stated that the Commission granted a number of investment licenses in power sector a head of which was Bismayah Power station executed by Mass Holding Company with a capacity of 3000 MW and work is proceeding to add 1500 MW, as it is currently covering 60% of Baghdad need for electricity power, while other licenses were granted to implement power stations in the southern part of Iraq with an estimated total capacity of 4500 MW (some of them are achieved and others in their final completion stages). He also added that NIC is keen to cooperate with other relative ministries and institutions to achieve self- sufficiency in power in all its types including employing the renewable energy to reach this goal. Dr. Sami also praised the role of the local and foreign private sector which contributed to motivating the investment wheel in various strategic and vital sectors like (Oil and Gas, Housing, Industry, Health, Agriculture, and higher education) disseminated all over Iraqi provinces in a way that provided new national income resources. NIC Chairman invited the Government and the Parliament to issue the legislations that can contribute to implementing the five year and ten year plans laid to guarantee the substantial development, stressing the continuance in NIC program aiming at constructing strategic investment projects that serves the country like the housing project of Bismayah consisting of 100 thousand housing unit. The conference works also witnessed speeches for Minister of Oil, Minister of Electricity, Representative of the Ministry of Industry and Minerals, Ambassadors of US and UK. the conference was attended by more than 200 businessmen from inside and outside Iraq during which presentations of Ministries of oil and Electricity were presented in the fields of energy and alt- energy and was closed by round tables meetings between the Public and private sectors. (Source: NIC) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 10:30 AM
    By Robbie Gramer, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Pompeo Seeks to Make Baghdad Embassy Pullout Permanent, Officials SayIn May, Secretary of State Mike Pompeo ordered a partial evacuation of diplomats from the U.S. Embassy in Iraq amid escalating tensions with Iran. Now, several State Department officials say they are being told the drawdown in embassy staff will effectively become permanent, a move that could leave the U.S. Embassy short-staffed to undertake important tasks like countering Iran on the diplomatic front—and in the short-term has marooned hundreds of diplomats in the Washington area without an embassy to go back to. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • BatmaninIraq's Avatar
    07-15-2019, 11:35 PM
    Deposits of foreign currency notes (USD) July 15, 2019 To all banks ( Deposits of foreign currency notes ( USD )) ( No.: pp / 5094/9/3/12 Date: 15/7/2019) We advise you to adhere to our letter No. 3610/3/12 dated 2018/9/18, which provides for the receipt of all issues of foreign currency (dollar), provided that the banknote is in good condition and according to the criteria specified in our book above according to the mechanism of receipt of foreign banknotes Issued by the bank.
    61 replies | 20164 view(s)
  • Investors Iraq News's Avatar
    07-15-2019, 03:01 PM
    By John Lee. Bina Puri Sdn Bhd, a wholly-owned subsidiary of Malaysia’s Bina Puri Holdings Bhd, has successfully secured a new contract for the proposed dual-lane road from Al-Islah Junction to Al-Jabayish at Nasirya City, in Thi Qar province. The project, worth IQD87 billion ($73 million), includes the construction of 74.5 km dual lane road with 7 bridges ranging from 14m to 87m length, complete with all road accessories such as guardrails and street lighting, with work duration of 36 months. (Source: Bina Puri) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-15-2019, 03:01 PM
    Siemens, the Iraqi Ministry of Health and the Directorate of Health in Salah ad-Din Province have announced the completion of building repairs and the impending installation of Siemens medical equipment at the Al-Tawheed Center. The clinic, located in Baiji, has been fully renovated by the Ministry of Health and will be equipped with Siemens technology to provide much-needed medical care to residents of the province, approximately 200km north of Baghdad. Siemens will donate all medical and power equipment required for the Al-Tawheed Center to the German non-governmental organization Stiftung der Deutschen Lions, enabling them to complete center’s rehabilitation. When complete, the center will have the capacity to treat up to 10,000 patients a year. The Siemens equipment includes a digital x-ray, a dental treatment center, state-of-the-art laboratory equipment including a hematology blood analyzer, a power transformer and other technical equipment required to ensure uninterrupted power supply. Musab Alkateeb, CEO of Siemens Iraq, said: “This health clinic is an important part of our commitment to the Iraqi people, and we are pleased to be working with the Ministry of Health and local leaders to return this important facility to the community. “Siemens has a long relationship with the city of Baiji and its people, and we understand the importance of enabling access to high-quality, reliable healthcare as we work together to build the New Iraq.” (Source: Siemens) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-15-2019, 03:01 PM
    Joint statement by HR/VP Mogherini and Iraqi Foreign Minister Alhakim on the EU-Iraq relations and regional cooperationThe European Union and Iraq strongly affirm their shared commitment to peace and stability in the wider Middle East and call*for the de-escalation of the current tensions in the region,*reminding*that the risks*and the consequences*may affect Iraq, the*region and*beyond. The EU and Iraq share a common vision for the region and wish to proactively support actions and initiatives to promote dialogue instead of confrontation, aiming to build a cooperative framework based on shared interests. Cooperation is the strongest foundation of a long-term regional security, stability and sustainable development. The European Union remains committed towork together with the Iraqi government to promote these values and is firmly of the view that the Iraqi proposal of a regional conference merits full support and engagement. Iraq and EU reaffirm*their strong bond of partnership and friendship,*deepened*in*recent years*during the joint*cooperation*to*defeat*Da’esh.*The EU highly values Iraq’s*contribution and sacrifices in the war against terrorism and supports*its*efforts to eradicate*all forms of*terrorist ideology. Iraq*strongly*appreciates*EU’s*support*to*the Government of Iraq*and*to the Iraqi people as well as*the*EU’s commitment to*peace and stability in the Middle East*through diplomatic*engagement. The*2018*EU Strategy for Iraq*defines the*mechanism*to support the*political and*economic*priorities of*the partnership with*the Government.*The entry into force of the Partnership and Cooperation Agreement*with Iraq (PCA) in August 2018*sets the legal framework for this partnership. Both sides look forward to swift implementation, which will reinforce cooperation on a range of topics of mutual interest, including democracy and human rights, economic and trade matters, energy, security, transport, environment and migration-related issues. The EU and the*Government of Iraq will continue to work together to achieve the objectives of the Conference for Iraq Reconstruction held in Kuwait*in February 2018*to provide a better future for the Iraqi people, based on improved*governance and inclusive economic development. Since 2014,*the EU*has*provided*€1.2 billion*in humanitarian, stabilisation, development,*and*security*cooperation,*which is the best testimony of*its*long term*commitment to a strategic partnership with Iraq. (Source: EU) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-15-2019, 03:01 PM
    By Dana Taib Menmy for Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. Kurdistan Regional Government (KRG) Prime Minister*Masrour Barzani presented his new Cabinet July 10, vowing to institute reforms and reinvigorate the semi-autonomous government in Erbil, Iraq. Three main parties in Iraqi Kurdistan were able to reach an understanding on their ministerial nominations to finally form the new government:*the Kurdistan Democratic Party (KDP), Patriotic Union of Kurdistan (PUK) and Gorran (Change) movement. Parliament now has confirmed 21 ministers for*the Cabinet, though the controversial post of the natural resources minister remains*vacant. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-15-2019, 12:56 PM
    Health, sport, nature: Key sites in Mosul reopen after damage by ISILAl Rabee Primary Healthcare Center, the Al Muthana Sport and Youth Center and the East Mosul Nursery Plantation were officially reopened today by the Government of Ninewa, following their rehabilitation by the United Nations Development Programme (UNDP). “While a lot of work remains to be done in Mosul, the opening of these three projects shows the strength and resilience of the city – one that’s well on its way to recovery after experiencing immense hardship under ISIL’s control,” says UNDP’s Resident Representative in Iraq, Zena Ali Ahmad. “Al Rabee is one of 24 healthcare centers and hospitals rehabilitated by UNDP in Mosul and provides critical healthcare services to communities across the city,” she says. “The Al Muthana Sport and Youth Center is an opportunity to reengage our youth. Sport and organized youth actives go a long way in keeping young people feeling healthy, recognized and valued, so this facility is extremely important. “And plants produced by the Nursery will not only beautify the city, but they also hold great symbolism – representing new life and restored hope for the people of Mosul.” Rehabilitation of Al Rabee Primary Healthcare Center was funded by the United Arab Emirates (UAE) and furniture for the Center was provided by a financial contribution from Poland. Rehabilitation of both the Sport Center and Nursery Plantation was supported by The Netherlands. “The completion of these sites wouldn’t have been possible without the generous contribution of our donors. We’re extremely grateful to the UAE, Poland and The Netherlands for their continued support to stabilizing Iraq,” adds Ms Ali Ahmad. Approximately 827 stabilization projects have been completed or are underway by UNDP in Mosul, including restoring water and electricity networks, rebuilding educational institutions and healthcare facilities, providing employment for locals to clear rubble from streets, and rehabilitating 15,000 houses. About the projects Al Muthana Sport and Youth Center is a public sporting facility and a hub for organized youth activities. At 6700m2, it includes multi-purpose courts for basketball, volleyball, tennis and handball. Under ISIL’s occupation it was used as the militant group’s primary training base. East Mosul Nursery Plantation is the main source of plant supply to government departments. The area covers 56,000m2 and consists of greenhouses, net shades, open spaces and admin buildings. Prior to ISIL’s occupation, the nursey would produce 250,000-300,000 plants per year. Al Rabee Primary Healthcare Center is one of the largest in West Mosul. Before ISIL’s occupation, the Center served some 500 patients per day in a catchment area of about 39,000 people. Today it receives about 100 patients per day, however this number is expected to increase as more people return home. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-14-2019, 01:31 PM
    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. Iran grants additional visas to Iraqis to boost its economyIn light of the US sanctions and the exit of foreign companies*from*Iran, Tehran is seeking to boost its income and hard currency by hosting the largest possible number of Iraqi tourists it can. Iran’s economic charge d’affaires in Najaf, Arif Abbasi,*said June 22,*“The number of Iranian visas issued from Najaf will increase to 5,000 visas daily.” Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-14-2019, 11:18 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Slow progress is being made to rebuild the ruined city of Mosul in northern Iraq. It is two years since the Iraqi army, with a United States-led coalition and Iran-backed Shia militias, drove ISIL fighters from the capital of their self-declared caliphate. Reconstruction efforts are not being helped by the sanctions imposed by the US on Iraq’s ally Iran. UN agencies estimate it may take tens of millions of dollars and 10 years just to remove mines and explosives. Al Jazeera‘s Osama Bin Javaid reports: Source: Iraq-BusinessNews.com. Post your commentary below.
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  • haggisbasher's Avatar
    07-14-2019, 08:22 AM
    I hope the new deposit insurance company is warka bank,that would be a very good start of business. has the new deposit act been enacted yet.!!!!!!!!!!!
    61 replies | 20164 view(s)
  • Investors Iraq News's Avatar
    07-13-2019, 08:28 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.
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  • James's Avatar
    07-13-2019, 09:53 AM
    No I did not receive a w9 - have you? Thanks - investindinar I understand
    94 replies | 24381 view(s)
  • Wolverine's Avatar
    07-13-2019, 02:47 AM
    651 replies | 64818 view(s)
  • BatmaninIraq's Avatar
    07-12-2019, 07:43 PM
    Massacre" of the dollar in Iraq ... Official movement against fraud at the auction "Central" Baghdad - Ali Husseini, Mohammed Ali 12 July 2019 The file of the "auction of hard currency" in to the forefront after the comments of deputies in parliament, demanding the Prime Minister and the Supreme Judicial Council and the public prosecution in the country, put an end to the massive carried out through the auction of hard currency organized by the Central Bank of Iraq every day. The bank sells between 140 million and 160 million dollars for public and private companies and banks, as part of a plan adopted since 2004 to control the exchange rate of Iraqi and prevent its collapse in the market. In 2004, during the Coalition Provisional Authority formed by the United States after the US-British occupation of Iraq, the Central Bank of Iraq established the so-called "daily auction of hard currency," in an effort to raise the value of the Iraqi dinar, and sales amounted to more than 200 million dollars Sometimes this amount is usually from Iraqi oil revenues sold. The auction has continued this way since. Iraqi observers and officials estimate the value of the dollar sold in this auction over the past 15 years by more than $ 300 billion, most of which went from Iraq to other countries without benefiting the Iraqi dinar and its value, which is still under the logic of the fifth largest oil producer in the world (1200 dinars per dollar). The Central Bank of Iraq allows only limited companies and banks to enter the auction and buy the dollar. The word "auction" here is not a metaphor for what is happening on a daily basis, as the bank pre-determines its selling price to the dollar by 1180 dinars per dollar for banks and companies to sell at 1200 dinars to the dollar. Finally, the bank specified who is allowed to enter the auction, and the number was reduced to less than 50 banks and financial companies that are licensed by the Central Bank of Iraq and all are private or private. A senior Iraqi official in Baghdad told the "New Arab" that the government is considering the dollar auction, which turned into a black hole to smuggle the dollar out of the country without achieving its goal of strengthening the strength of the dinar. He added that "Iran is the first beneficiary of the dollar auction, followed by Turkey, Lebanon and Jordan The conversion of the dollar is under the cover of the import of materials and goods and the purchase of shares and investments in those countries and some of them transferred through private offices and the Iraqi citizen does not benefit from this massacre. The official stressed that the government is considering several options to strengthen the dinar, such as the deletion of zeros or determine the price globally, as do many countries in the Arabian Gulf. The survival of the dollar inside Iraq is better than removing it, and the continuation of this primitive formula cost the country large losses. He pointed to the existence of a committee of experts studying reasonable options, after confirming documents and documents that Iraqi oil money in hard currency easily flow abroad because of this auction. The Iraqi official revealed that the Integrity Commission is currently investigating the largest case of money laundering in Iraq up to two billion dollars accused of banks and companies, some of them linked to political parties "and we hope that there are other files close to the search and investigation of the Integrity Commission on the same subject, Difficult of Iraq ". Expert on the Iraqi market for securities Ali al-Saadawi explained to the "new Arab", that "stop the auction may not be able to the government now that a large part of the dollar ends in Tehran," saying that committees, experts and financial observers advised the Central Bank to stop the auction, "He said. In contrast, accused the Iraqi parliamentarian Alia Nassif, the Iraqi banks did not call the exploitation of the auction sale of currency in ways that twisted to achieve rich rich at the expense of the Iraqi people, "according to a statement issued on Wednesday She said the statements of former Finance Minister Hoshyar Zebari said that there are six billion dollars disappeared and Turning it into a fictitious account. It is now time for regulators to retrieve stolen people's money and pursue corrupt people. " And called on the Prime Minister to prosecute what she described as "whales of corruption," promising to open the file of the auction of hard currency to the prosecution, "and that it has" all the evidence and information to expose these thieves. " In contrast, a member of the Finance Committee, Majida Tamimi, people said that they belong to Political corruption department in the Central Bank, and vowed to disclose corruption files belonging to g6overnment banks soon.
    61 replies | 20164 view(s)
  • Wolverine's Avatar
    07-12-2019, 03:19 PM
    ..........link died
    651 replies | 64818 view(s)
  • Investors Iraq News's Avatar
    07-12-2019, 01:06 AM
    By John Lee. On Wednesday, the Lebanese President, General Michel Aoun, welcomed the Vice President of Iraq, former Iraqi Prime Minister, Dr. Iyad Allawi, with whom he discussed the bolstering of Lebanese-Iraqi relations in all areas, especially on economic matters. Following his meeting with President Aoun, Xinhua quotes Vice President Allawi as saying: “We have discussed with Lebanese President Michel Aoun the possibility of creating partnership between Lebanese and Iraqi businessmen and we will be following up on our agreements to make sure they are put in action very soon.” He reportedly added that Iraq is keen to benefit from the Lebanese expertise in the banking sector. (Source: Govt of Lebanon, Xinhua) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-12-2019, 01:06 AM
    By John Lee. The Jordanian-Iraqi Forum on digital transformation in the financial sector was held on Wednesday in Baghdad. It was organized as part of the partnership between Jordan’s Information and Communications Technology Association (int@j), the Jordanian-Iraqi Economic Association, the Iraq Private Banks League, and the International Finance Corporation, and saw the participation of 30 Jordanian IT companies. Through the forum, int@j aims to assist Jordanian IT companies enter the Iraqi market. The Chairman of the Board of Directors at int@j, Dr. Bashar Hawamdeh, said that the company’s role in organizing the forum is part of their efforts to bolster networking among Jordanian companies and Iraqi banks and others operating in the financial sector. int@j’s role in organizing the forum comes as well amidst efforts to enable Jordanian companies to offer their expertise in digital transformation and technology to Iraqi sectors more broadly, particularly considering there exists an urgent need on the Iraqi side to implement digital transformation projects. Dr. Hawamdeh noted that the Iraqi market is an important market to Jordanian companies, as those companies possess significant expertise in systems building and management. He added that Jordanian companies have been instrumental in developing e-governance for states in the region and have assisted in building systems that serve digital transformation. He added that the forum is an opportune time for Jordanian companies to explore opportunities related to cooperation and sharing of expertise, especially considering the faith the Iraqi market has in Jordanian expertise in all areas. The following Jordanian companies are taking part in the forum: Access 2 Arabia, Bridges PR and Events, Globitel, Green Circle Co., Hayyan Horizons, MenalTech, HyperPay, MadfooatCom, Jordan Payments and Clearing Company (JoPACC), Middle East Payment Services (MEPS), and Quality Business Solutions. Also participating in the conference are: Real Soft Advanced Applications, Sidra Electronic Payment Software, Synaptic Technologies, Trismart, VTEL Holdings, dot.Jo, Jordan Data Systems, Takamol, ProgressSoft, Al Bayanat Al-Raqamiah for Information Technology, Image Technologies (ITECJ), OPTIMIZA, Oracle, Jordan Systems Consulting Co, OFFTEC, Dell, KPMG Jordan, Virtual/Al-Nayi for Informational and Communications Consulting, and Mawdoo3.com. (Source: int@j) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    07-12-2019, 01:06 AM
    By John Lee. The state-owned Trade Bank of Iraq (TBI) is reported to be planning to expand its operations in China and the Gulf. Chairman Faisal al-Haimus told Reuters that the bank want to increase revenues from retail banking and international operations from 25 percent to 30 percent by 2022. He added that it plans to open a representative office in China in 2020, and will upgrade its license in Abu Dhabi from a “representative office” to “asset management company“. More here. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    07-12-2019, 01:06 AM
    JICA (Japan) and UNDP Partnership Agreement to Accelerate the Projects for Socio-Economic Development in IraqJapan International Cooperation Agency (JICA) and UNDP announced a renewed agreement and commemorated the 10th anniversary for their partnership to accelerate the implementation of socio-economic infrastructure projects in Iraq to improve the economic recovery and living condition of Iraqi people in key sectors such as electricity, water and sanitation, oil, irrigation, transportation, industry, health and communication. The GoI welcomes the reinforced partnership between JICA and UNDP. Since 2008, JICA has signed 31 loan agreements, total amount of which is JPY 830 billion (equivalent to USD 7.7 billion), with Iraqi Government for economic and social infrastructure projects and programs in Iraq to improve daily lives of Iraqi people. In order to ensure accountability, transparency and efficiency in project implementation, the Government of Iraq (GoI) and the Government of Japan/JICA jointly established a monitoring mechanism called Monitoring Committee (M/C) in 2008. UNDP has undertaken the supporting role to assist and advise the M/C based on the partnership agreement between JICA and UNDP. Under this partnership, UNDP has been working alongside JICA and the Government of Iraq (GoI) on project monitoring and capacity development. UNDP identifies bottlenecks pertaining to project implementation, providing analyses and recommendations for action on cross-cutting issues to the M/C to accelerate project implementation. The M/C is the longest continual committee in the GoI system as the 43rd M/C Meeting was held on 4th July 2019 in Baghdad with Iraqi ministries to update the progress and find the solutions for challenges that the projects face in order to accelerate the project implementation and deliver the public services to the Iraqi people. The GoI, JICA and UNDP reconfirm all parties’ continual efforts to enhance this tripartite collaboration mechanism to expedite the improvement of national strategic infrastructures, which will contribute to better public services as well as to the private sector development for more and better job opportunities. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Wolverine's Avatar
    07-12-2019, 12:36 AM
    651 replies | 64818 view(s)
  • investindinar's Avatar
    07-12-2019, 12:21 AM
    James, Thank you for the messages you sent me on July 9th. They were very informative. I had an extremely difficult time trying to read them until I figured out how to download them to text format and then upload them into MS Word. There seems to be a conflict on the version of software being used by the forum or maybe it's just a virus. Either way I'm not able to respond to your messages except by posting something to indicate that I received them. Thanks. investindinar
    94 replies | 24381 view(s)
  • investindinar's Avatar
    07-12-2019, 12:12 AM
    HB thank you for this bit of information on the pending 'deposits protection law', and I believe you are right on the money regarding Al Warka's situation. I just had a brief exchange via email with Al Karmal on the issue of stock transfers from Al Warka and they pointed out that Al Warka still remains under custodianship by the CBI. So it would make sense that deposit withdrawals and the 'Annual General Meeting' or AGM, are on hold until the new banking law is passed. Al Karmal specifically mentioned that Al Warka doesn't have sufficient liquidity at this time to make cash transfers possible. On another note, I still think investors should be good to go on the issue of investing in assets denominated in IQD in Iraq. I've been following Iraqi Business News and the timely article by Ahmed Tabaqchali on the ISX and everything looks very promising. investindinar
    94 replies | 24381 view(s)
  • BatmaninIraq's Avatar
    07-11-2019, 07:57 PM
    July 11, 2019 Invitation to discuss the spread of ATMs and POS To all banks and all electronic payment service providers (call to discuss ATM and POS) (Number: 288/5/9 Date: 2019/7/10) Based on the role of this supervisory and supervisory bank and in order to cover the investment costs for the deployment of ATMs and point of sale machines and expansion of other services that achieve the target revenues from the project of settling salaries, we would like to show the following: 1- Banks and card issuers must invest in ATMs and point-of-sale machines in proportion to their ability to issue cards and settle salaries. 2 - Companies licensed to work (as a receiver) take their important role in the deployment of ATMs and points of sale and control expansion in accordance with plans for deployment accountable for their implementation. 3 - The possibility of reducing the burden of employees pay and use of salaries through electronic payment channels (ATM-POS) by examining the prices of services of these channels compared to what is available to withdraw salaries now. 4. Your banks should provide incentive services to employees whose salaries have been settled if you do not withdraw a certain percentage of the amount (short-term savings and investment accounts). 5 - The possibility of allowing banks wishing to work in the area of ​​collection and dissemination points of sale in the shops to win traders and open bank accounts and provide possible facilities. 6 - A trading meeting will be held on Tuesday, 2019/7/23 at 11:00 am at the headquarters of this bank to clarify our plan for the need to deploy ATMs and point of sale devices and not to expand the opening of cash withdrawals. Please provide your feedback on the above within (7) working days from the date of this book.
    61 replies | 20164 view(s)
  • calstar's Avatar
    07-11-2019, 05:07 PM
    <strong>James did you receive a w9 from Al Kamal? </strong>
    94 replies | 24381 view(s)
  • Investors Iraq News's Avatar
    07-11-2019, 02:17 PM
    By John Lee. Iraq is ready to give 190 investment projects to Iranian investors, according to a report from Iran’s Mehr News. It attributes the statement to Iraqi industry minister Saleh Abdullah al-Jubouri (pictured), at a meeting with members of the Isfahan Chamber of Commerce on Wednesday. He is said to have added that the private sectors of the two countries can play a significant role in strengthening bilateral economic relations. (Source: Mehr News) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
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