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  • Investors Iraq News's Avatar
    Today, 04:43 AM
    Washington has exempted Baghdad from some of its unilateral sanctions against Tehran, allowing Iraq to continue importing energy from Iran, according to the US envoy to Baghdad. Baghdad can now buy energy from Iran, US charge d’affaires Joey Hood told reporters on Wednesday, Iran’s Press TV reported. The waiver will allow Iraq to continue buying gas and electricity from Iran. The administration of US President Donald Trump said in March it was extending a 90-day waiver for the second time to let Iraq continue energy imports from Iran. The US envoy did not explain whether he was referring to the same waiver Washington gave Baghdad in March or he was declaring the issuance of new exemptions. Gas imports from Iran generate as much as 45 percent of Iraq’s 14,000 megawatts of electricity consumed daily. Iran transmits another 1,000 megawatts directly, making itself an indispensable energy source for its Arab neighbor. Iraq and Iran share a 1,400-kilometer-long border. For their run-of-the-mill maintenance, Iraqis depend on Iranian companies for many things from food to machinery, electricity, natural gas, fruits and vegetables. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Today, 04:43 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. Has Russia begun to play a role in Iraq?Member of the Iraqi*parliament’s Security and Defense Committee*Hakim al-Zamili*announced*May 9*that negotiations were underway to buy an S-400 air missile system from Moscow. Russian Deputy Prime Minister Yury Borisov said during his meeting April 26 with Iraqi Prime Minister Adel Abdul Mahdi that “the number of Russian companies in Iraq is on the rise.” Ihsan al-Shammari, head of the Iraqi Centre for Political Thought, concurred. He told Al-Monitor that “Russia is working to compete with multinational companies in central and southern Iraq, particularly in the field of energy.” Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:10 PM
    GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments across the country. Please click here to download the latest report free of charge. For more information on how GardaWorld’s services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at daniel.matthews@garda.com Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Wolverine's Avatar
    Yesterday, 01:59 PM
    637 replies | 52629 view(s)
  • Will-it-happen?'s Avatar
    Yesterday, 06:34 AM
    oh wait, it does
    16 replies | 3261 view(s)
  • Will-it-happen?'s Avatar
    Yesterday, 06:33 AM
    doesnt work for me either
    16 replies | 3261 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 06:32 AM
    Iraqi Prime Minister Adel abdul-Mahdi said on Tuesday that his country had prepared “strategic alternatives” for exporting oil in case a war erupted between the US and Iran, Anadolu reported. During his weekly press conference, he said: “It is important to deal with the North Iraq region and Turkey to find alternative ways to export Iraqi oil.” He added: “We have prepared strategic alternatives in case of closure of Strait of Hormuz,” without giving more details. “Using multiple ports to export oil is a strategic project,” he said, “and we are working on this.” This came after threats by Iran to close the Strait of Hormuz, which is one of the most important routes for transporting oil in the world. Escalation of mutual threats between Iran and the US, which reinstated sanctions on Iran. (Source: Middle East Monitor) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 06:32 AM
    From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thirty years after Saddam Hussein starved them of water, Iraq’s southern marshes, which straddle the famous Tigris and Euphrates rivers, are blossoming once more. View on YouTube Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 04:06 AM
    By Ranj Alaadin, Brookings Institution. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. How US-Iran tensions could disrupt Iraq’s fragile peaceTensions between the United States and Iran are escalating rapidly, particularly since U.S. warships were dispatched in response to reported threats against U.S. forces in Iraq from Iran and its proxies. The U.S. has withdrawn all non-emergency embassy staff from Iraq and, on Monday, a mortar attack by Iran’s proxies in Baghdad, striking in the vicinity of the U.S. embassy, raised the prospects of a conflict on Iraqi soil even further. The full report can be read here. (Source: Brookings Institution) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • crazyfrank's Avatar
    Yesterday, 01:39 AM
    I am seeing 2 reply's thus far, one from Robert Smith and one from James here about this same issue. I must assume there may be more out there who also have encountered this issue but are not able to reply or post anything. I am myself only to make any reply's by using this existing posted topic, all others attempts to post on any other post or create a new posts become "unstable" and gets a massive BB error message as shown below ..... does this look familiar to anyone else here? Function name must be a string on line 1566 in /mnt/stor11-wc1-ord1/703067/859076/www.investorsiraq.com/web/content/includes/class_bbcode.php /mnt/stor11-wc1-ord1/703067/859076/www.investorsiraq.com/web/content/includes/class_bbcode_(424): vB_BbCodeParser->parse_array(Array, 1, 1, 0) /mnt/stor11-wc1-ord1/703067/859076/www.investorsiraq.com/web/content/includes/class_bbcode(542): vB_BbCodeParser_Wysiwyg->parse_bbcode('ok so whats our...', 1, 1, 0) /mnt/stor11-wc1-ord1/703067/859076/www.investorsiraq.com/web/content/includes/class_bbcode(456): vB_BbCodeParser->do_parse('ok so whats our...', 0, 1, 1, 1, true, false, NULL, false, 1) /mnt/stor11-wc1-ord1/703067/859076/www.investorsiraq.com/web/content/includes/class_wysiwygparser(271): vB_BbCodeParser->parse('ok so whats our...', 5, 1) /mnt/stor11-wc1-ord1/703067/859076/www.investorsiraq.com/web/content/includes/functions_editor(713): vB_WysiwygHtmlParser->parse_wysiwyg_html('ok so whats our...', 0, 5, 1) /mnt/stor11-wc1-ord1/703067/859076/www.investorsiraq.com/web/content/includes/functions_editor(484): process_toolbar_text('ok so whats our...', '2', 0, 5, 1, 1) /mnt/stor11-wc1-ord1/703067/859076/www.investorsiraq.com/web/content/newthread(449): construct_edit_toolbar(NULL, 0, 5, 1, 1, true, 'fe', '', Array, 'forum', 'vBForum_Thread', 0, 0, NULL, true, 'subject') {main} NOTE: I had to edit out the hyper links in the text format above to get it to function within copy/paste functions and only then would the post editor function here accept a new post, and not go into crazy loop mode and never post, also any attempt to add "color" to highlight any text also generates a similar error message. THE CURRENT "VIEWED" COUNT ON THIS POST IS NOW 3174 AS OF 10 PM EDT 5/24/19
    16 replies | 3261 view(s)
  • Wolverine's Avatar
    05-24-2019, 07:53 PM
    637 replies | 52629 view(s)
  • Investors Iraq News's Avatar
    05-24-2019, 01:20 PM
    By John Lee. Tribalco LLC, Bethesda, Maryland, has been awarded a $14,425,217 firm-fixed-price Foreign Military Sales (Iraq) contract for computer hardware, services and MEMEX software. One bid was solicited with one bid received. Work will be performed in Bethesda, Maryland, with an estimated completion date of May 22, 2020. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • James's Avatar
    05-24-2019, 11:50 AM
    I have been having issues as well.
    16 replies | 3261 view(s)
  • Investors Iraq News's Avatar
    05-24-2019, 11:13 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd May 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD640 (+3.0%) / $689 (+3.0%) (weekly change) (-2.9% and -2.9% YTD change, respectively). The number of week traded shares was 9.4 bn and the weekly trading volume was IQD3.2 bn ($2.6 mn). ISX Company Announcements ISX will suspend trading of Al-Khatem Telecoms (TZNI) starting May. 27, 2019 due to the AGM* that will be held on May. 30, 2019 to discuss and approve 2017 and 2018 annual financial reports. ISX will suspend trading of Al-Wiaam for Financial Investment (VWIF) starting May. 27, 2019 due to the AGM* that will be held on May. 30, 2019 to discuss and approve 2017 annual financial report. National Household Furniture Industry (IHFI) will resume trading on May. 26, 2019 due to disclosing its 2018 annual financial results. The opening price will be IQD0.90 with +/-50% change. AL-Sadeer Hotel (HSAD) completed the legal procedures to increase capital from IQD1.239 bn to IQD1.735 bn through 40% rights issue. Region Trade Bank for Investment and Finance (BRTB) completed the procedures of increasing the bank’s original and alternative members from 5 to 7 members. New shares of Dar Al-Salam for Insurance (NDSA) from the capital increase to IQD7.0 bn through 40% rights issue resumed trading on May. 22, 2019. Iraqi for Seed Production (AISP) resumed trading on May. 21, 2019 due to disclosing 2018 annual financial results. Procedures of Al-Bilad Islamic Bank for Investment & Finance (BLAD) have been completed to change the bank’s name to Al-Ataa Islamic Bank for Investment & Finance. According to the Board of Insurance, Ahliya for Insurance (NAHF) resumed trading on May. 19, 2019. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Robert Smith's Avatar
    05-24-2019, 06:13 AM
    I have been having issues as well
    16 replies | 3261 view(s)
  • BatmaninIraq's Avatar
    05-24-2019, 05:29 AM
    The Central Bank confirms the continued supply of banks with small groups of currency Economie 2019-05-23 09:26 Source: 1,884 views The Central Bank of Iraq, on Thursday, it continues to provide banks with small groups of currency. The bank said in a statement received Alsumaria News a copy of it, "continuing to provide all banks with small groups of the Iraqi currency." The bank added that "the supply of this currency is by withdrawing funds from the assets of banks located in the Central Bank." It is noteworthy that the Central Bank of Iraq printed large amounts of small currency coins during the last period after most of them were damaged and refused to deal with many citizens.
    3 replies | 1034 view(s)
  • BatmaninIraq's Avatar
    05-23-2019, 10:16 PM
    The Central Bank confirms the continued supply of banks with small groups of currency Economie 2019-05-23 09:26 Source: 1,884 views The Central Bank of Iraq, on Thursday, it continues to provide banks with small groups of currency. The bank said in a statement received Alsumaria News a copy of it, "continuing to provide all banks with small groups of the Iraqi currency." The bank added that "the supply of this currency is by withdrawing funds from the assets of banks located in the Central Bank." It is noteworthy that the Central Bank of Iraq printed large amounts of small currency coins during the last period after most of them were damaged and refused to deal with many citizens.
    41 replies | 13435 view(s)
  • BatmaninIraq's Avatar
    05-23-2019, 07:16 PM
    May 23, 2019 To all banks ( small categories ) We would like to inform you that this bank continues to provide you with small categories of the Iraqi currency by withdrawing the funds from your current balances. If you have any questions or comments, you can email us at the following address
    41 replies | 13435 view(s)
  • Investors Iraq News's Avatar
    05-23-2019, 11:54 AM
    By John Lee. Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq. South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh water per day. This will help to increase output at Iraq’s oil fields. (Sources: Yonhap, Korea Herald) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    05-23-2019, 11:54 AM
    By John Lee. Oil production is to increase at the West Qurna 1 oilfield, according to Reuters. The news agency quoted Basra Oil Company (BOC) chief Ihsan Abdul Jabbar as saying on Wednesday that output will rise from 440,000 barrels of crude oil per day (bpd) to 490,000 bpd in the “next few days”. The field is being developed by ExxonMobil (25%), PetroChina (25%), Itochu (15%), Pertamina (10%), Iraq’s state-owned Oil Exploration Company (25%) (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    05-23-2019, 11:54 AM
    By John Lee. The United Nations has advertised new positions in Iraq: Legal Officer (Head of the Forensic Science Unit), UNS-SPM UNITAD – United Nations Investigative Team for Accountability of Daesh/ISIL Public Information Officer, UNS-SPM UNITAD – United Nations Investigative Team for Accountability of Daesh/ISIL Facilities Management Assistant, UNAMI – United Nations Assistance Mission for Iraq Associate Rule of Law Officer, UNAMI – United Nations Assistance Mission for Iraq Security Assistant, UNAMI – United Nations Assistance Mission for Iraq Budget and Programming Associate, UNAMI – United Nations Assistance Mission for Iraq Senior Gender Specialist, WFP – World Food Programme (Source: UN) (Picture: Finger pressing a new career start button, from Olivier Le Moal/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    05-23-2019, 11:54 AM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Senior Project Assistant, UNAMI – United Nations Assistance Mission for Iraq Treasury/Administrative Assistant, UNAMI – United Nations Assistance Mission for Iraq Administrative Assistant, UNAMI – United Nations Assistance Mission for Iraq Head of Programme for Danish Demining Group, Danish Refugee Council (DRC) Program Development and Reporting Officer, Mercy Corps Monitoring, Evaluation and Learning Specialist, Mercy Corps Program Coordinator, IREX International Data Assistant, WHO – World Health Organization Evaluation Lead Consultant, International Rescue Committee (IRC) Grants & Partnership Coordinator, International Rescue Committee (IRC) (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • BatmaninIraq's Avatar
    05-23-2019, 03:11 AM
    Parliamentary move to raise the price of the dinar and maintain the stability of inflation Wednesday 20 March 2019 Baghdad / Omar Abdul Latif The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation. “The committee will move during the current legislative term towards changing the fiscal and monetary policy in the country in general,” said member of the committee Abdul Hadi al-Saadawi, Coming “. He added that “the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state,” pointing out that “the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country”. “The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment.”
    41 replies | 13435 view(s)
  • BatmaninIraq's Avatar
    05-22-2019, 09:00 PM
    Provide banks with small categories May 22, 2019 The Central Bank of Iraq would like to inform all banks that it is continuing to provide them with small groups of the Iraqi currency by withdrawing the amounts from the current balances with this bank. He explains that if there is an inquiry or notes, banks can contact the Compliance Department in the Issuance and Treasury Department of this bank and by email ( ) 22 May 2019
    41 replies | 13435 view(s)
  • crazyfrank's Avatar
    05-22-2019, 06:07 PM
    This forum is "bugged" it is only by pure chance i have been able to post this message somehow now today 5/22/19, as it appears BATMAN is the only one immune to the bug as he has been the only person posting here now for the last 2 months. I tried to generate a new member account, but that option format does no longer exist. As i though if i created a new account it would allow me to post something, but there is no prompt/option/format anymore here to "create a new account". i have submitted a "bug" report to the admin here and gotten zero reply. I have sent word to the web site host server vBulliten, and a official ticket has been generated/recorded but as of yet no reply. if you are reading this and have the same experience with a error message event, please chime in if you can and maybe it can be confirmed and resolved. The error message is a massive blurb of BB code failure text lines that I do not understand but I do understand there is a fatal error at the server level in the codeing.
    16 replies | 3261 view(s)
  • crazyfrank's Avatar
    05-22-2019, 06:00 PM
    This forum is "bugged" it is only by pure chance i have been able to post this message somehow now today 5/22/19, as it appears BATMAN is immune to the bug as he has been the only person posting here now for the last 2 months. i have submitted a "bug" report to the admin here and gotten zero reply. I have sent word to the web site host server vBulliten, and a official ticket has been generated/recorded but as of yet no reply. if you are reding this and have the same experience with a error message event, please chime in if you can and maybe it can be confirmed and resolved.
    16 replies | 3261 view(s)
  • crazyfrank's Avatar
    05-22-2019, 05:45 PM
    For anyone is still out there surfing these forums, if you have not realized there have been very few new postings in the last few months. As well as no replys to any existing posts, and it seems "BATMAN" has been the only person posting all this time.
    16 replies | 3261 view(s)
  • Investors Iraq News's Avatar
    05-22-2019, 04:23 AM
    The Rumaila oilfield produced 1.467 million barrels per day (bpd) in 2018 – the oilfield’s highest annual rate of production for 30 years. 2018 also saw the milestone of four billion barrels of oil produced since the Rumaila Operating Organisation began operating in June 2010. The results were reported in the 2018 Rumaila Annual Report, submitted by the Basra Oil Company (BOC) to the Iraq Ministry of Oil. In accordance with BOC’s objectives, Rumaila continued its journey to becoming a more advanced oilfield in 2018. New infrastructure played an important part in the year’s success, with three major projects completed that help Rumaila’s capacity to produce its current high production rates, as well as contribute to securing the field’s long-term future. The new Rumaila Power Plant began operating, providing 150,000kW of electricity to the Iraq National Grid and supporting Rumaila facilities; three new dehydrator and desalter production trains were commissioned – increasing production capacity by 124,000 bpd; and two degassing facilities installed new large-scale ‘free water knock out’ vessels that ensure oil quality remains high by stripping water from the hydrocarbons. The introduction of new technologies continues to play a vital role in the field’s advancement. In 2018, this included: the further expansion of the ‘digital oilfield’ (with 2,000 digital sensors now providing instant data from wells, facilities and manifolds to guide production performance), the completion of a field-wide TETRA radio communications infrastructure, and new data analytics tools and frameworks that visualize, interpret and reveal meaningful insights to improve day to day working. Underpinning the 2018 results has been the ongoing programme to drill new wells, optimize existing wells, and the injection of industrial-use water to restore pressure to reservoirs in the north of the field. Thanks to the water injection programme and its supporting operations, Rumaila has been able to produce oil from historically harder to access reservoirs: in 2018, the oil produced from the Mishrif reservoir was more than triple the amount of oil extracted from that reservoir in 2010 and generating results never previously achieved at the oilfield. The 2018 Annual Report also highlighted: 59 Iraqi contracted companies won 85 contracts worth $650 million 220,181 training hours were delivered to Iraqi staff 31 new wells were drilled 23.5km2 of land was cleared of unexploded ordnance 206,675m2 of land was remediated $5 million spent on supporting Iraq’s oil and gas industry via the Rumaila Education Fund Rumaila General Manager, Hussein Abdul-Kadhim Hussein, commented: “2018 was a remarkable 12 months in the 70-year history of this oilfield, as well as another exceptional year for the Rumaila Operating Organisation. The partnership goes from strength to strength: our success derives from the way BOC, BP and PetroChina continues to operate as one integrated team.” BOC Director General, Ihsan Ismael, said: “On behalf of BOC, I’d like to thank every single BOC staff member who has ensured that Rumaila continues to deliver successful oil production for Iraq, as well as pay tribute to the support of our partners, BP and PetroChina.” ROO Deputy General Manager, Julian O’Connell, said: “Rumaila is in service to Iraq. Our objective is to provide oil to support Iraq today, as well as create a legacy for the future. Our strategy and programme for field rejuvenation and training Iraqi personnel is helping us to achieve these twin goals and to overcome the multitude of challenges Rumaila faces.” Rumaila Special Deputy General Manager, Fan Jianping, added: “We are very pleased to report another successful year at Rumaila. Equally important is the fact that we have achieved this within a safe working environment. We of course want to increase production, but we also want Rumaila to be the pride of Iraq, which can only be achieved by having safety as the number one priority.” (Source: Rumaila Operating Organisation) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    05-22-2019, 04:23 AM
    By John Lee. The Iraq Britain Business Council (IBBC) has welcomed four new members, bringing its membership to 71 companies: Crescent Petroleum: Sharjah-based Crescent Petroleum is the only foreign oil and gas company to maintain a continuous presence in Iraq for three decades, and is the largest private oil and gas investor in the Kurdistan Region of Iraq. Sardar Trading Agencies (STA): One of the core companies of Sardar Group, with more than 50 years of experience in the Iraqi private business field, mainly in the automotive segment. Stirling Education: The Luxembourg-based company is committed to providing excellent affordable education and pastoral care for students in Iraq. Across Iraq, they have around 17,000 students, 42 schools and two university campuses. Tube Tech International: UK-based Tube Tech is a world leader in the removal of fouling from refinery, petrochemical and energy process assets. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    05-22-2019, 04:23 AM
    By Aaron Majid, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. These days, Tehran is having trouble getting what it wants from its neighbor—a development Washington can encourage by backing off. It almost goes without saying these days that Iran dominates its western neighbor. On April 27, for example, Bahraini Foreign Minister Khalid bin Ahmed tweeted that Iran’s regime “controls” Iraq. Now-U.S. National Security Advisor John Bolton once compared Tehran’s grip on Iraq to the Soviet Union’s stranglehold over Eastern Europe during the late 1940s. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
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