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  • Investors Iraq News's Avatar
    Today, 11:13 AM
    From France 24. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It’s been one month since the Iraqi government launched its operation to retake western Mosul from the Islamic State group. The government says more than 180,000 people have fled the fighting in the western half of the city. For those who remain, food and supplies are scarce – and they face the constant threat of being used by the jihadists as human shields. But the Iraqi forces also stand accused of causing civilian casualties. FRANCE 24’s team on the ground reports. A programme prepared by Florence Viala and Jessica Sestili: Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 2 view(s)
  • Investors Iraq News's Avatar
    Today, 11:13 AM
    By John Lee. Iraq has ranked 117th out of 155 countries in the latest World Happiness Report. The report, produced by the Sustainable Development Solutions Network (SDSN), contains analysis from leading experts in the fields of economics, neuroscience, national statistics, and describes how measurements of subjective well-being can be used effectively to assess national progress. Jeffrey Sachs, Director of the Sustainable Development Solutions Network (SDSN), said: “The World Happiness Report continues to draw global attention around the need to create sound policy for what matters most to people – their well-being. “As demonstrated by many countries, this report gives evidence that happiness is a result of creating strong social foundations. It’s time to build social trust and healthy lives, not guns or walls. Let’s hold our leaders to this fact.” Top of the list of happiest countries were: Norway Denmark Iceland Switzerland Finland … while at the bottom were: Rwanda Syria Tanzania Burundi Central African Republic Iran ranked 108th, while Libya came in at 68th. The full report can be downloaded here. (Source: World Happiness Report) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 2 view(s)
  • Investors Iraq News's Avatar
    Today, 11:13 AM
    By John Lee. Iraqi oil minister Jabar Ali al-Luaibi has confirmed that the Ministry of Oil is working to reestablish the Iraqi National Oil Company (INOC), following ratification by the cabinet of the draft resolution to reestablish the company. The original INOC was founded in the 1960s, but was incorporated into the Ministry of Oil in 1986. The ministry is also working to establish a national gas company and national refineries company. (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 2 view(s)
  • Investors Iraq News's Avatar
    Today, 11:13 AM
    Jordan and Iraq have signed minutes of a Jordanian-Iraqi joint committee meetings which entails boosting trade exchange and speeding up construction of the oil pipeline between the two countries. The protocols also encompassed encouraging Iraqi investors in Jordan and opening the border post of Turabil, the main crossing point between Jordan and Iraq, and identifying fees exempted Jordanian products that would harm the domestic Iraqi industry and agriculture sectors. Both sides also agreed on facilitating registration procedures and registration status of Jordanian medicine in Iraq, and accelerating the issuance of drug testing and analysis results by the laboratories of the Iraqi Ministry of Health. Further, the Iraqi side requested Jordan’s assistance in establishing, developing, managing and marketing of industrial estates, in addition to making up a perception to sett up a Jordanian-Iraq joint industrial zone. Minister of Industry, Trade and Supply, Yarub Qudah, who singed the minutes on behalf of Jordanian side, said in a statement : “Providing facilities, encouraging Iraqi investors in Jordan and expediting the construction of the Jordan-Iraqi oil pipeline topics featured prominently during the discussions”. The minister said that Jordan and Iraq are bound by historic and brotherly relations which “we aspire to cementing them” in different domains. Meanwhile, Iraqi Minister of Industry, Mohammed Shia ‘Al Sudani, said in an interview with Petra’s correspondent in Baghdad, that “We agreed on completing preparation for establishing the industrial zone by the Jordanian side, and forming a committee to follow up on works and proposals to boost cooperation between the two countries.” (Source: Petra) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 2 view(s)
  • Investors Iraq News's Avatar
    Today, 11:13 AM
    The state-owned Iraqi Oil Tankers Company (IOTC) has announced a tender for the purchase of two tankers; a” handy size” 20,000-25,000 DWT and VLCC tanker of 180,000-240,000 DWT: (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 2 view(s)
  • oldskiier's Avatar
    Yesterday, 06:55 PM
    An Iraqi court today sentenced the director of the Jalawla Bank in Diyala province to 10 years in prison for embezzling 4 billion dinars. "An absentee verdict was issued against the former director of the Rafidain Bank - Jalawla branch - serving 10 years in prison; for his embezzlement of more than 4 billion dinars of public money," the Integrity Commission said in a statement Thursday (January 19, 2017). "The Criminal Court of Diyala issued an absentee ruling against the convicted (ARRA), former director of the Rafidain Bank branch in the district of Jalawla, Diyala province; for the crime of embezzling the amount of (4,063,646,769) billion dinars of public money." "The amounts that the fugitive convicted of embezzlement represents the pensions allocated to the beneficiaries through the bank for the years (2006 to 2014)." "The court, as a result of its evidence and evidence, and after reviewing the recommendations of the investigative committee in the Office of the Inspector General of Rafidain Bank and the statements of witnesses, as well as the presumption of escape of the convict, reached the sufficient conviction to criminalize the accused on the basis of the provisions of Article (315) of the Penal Code. " "The decision of the absentee court ruling is based on the provisions of article 182 / a fundamentalism, which also includes two paragraphs, the arrest of movable and immovable convict funds, and giving the injured party the right to seek compensation once the decision has been reached." The organization was in control of Jalawla in the province of Diyala, in mid-2014, but succeeded Peshmerga forces after fierce battles to recover from the hands of Dahesh before the end of the same year.
    2 replies | 542 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:15 PM
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition military forces conducted 23 strikes consisting of 25 engagements against ISIS targets: Near Abu Kamal, a strike destroyed a wellhead. Near Shadaddi, a strike suppressed an ISIS tactical unit. Near Raqqa, 18 strikes engaged two ISIS tactical units and an ISIS staging area; destroyed four command-and-control nodes, three tanker trucks, three ISIS-held buildings, an oil storage tank, a vehicle-borne bomb, an ISIS headquarters, a fighting position and an ISIS media facility; and damaged four supply routes. Near Dayr Az Zawr, three strikes destroyed two wellheads and an oil inlet manifold. Strikes in Iraq In Iraq, coalition military forces conducted six strikes consisting of 35 engagements against ISIS targets, coordinated with and in support of Iraq’s government: Near Beiji, a strike engaged an ISIS tactical unit and destroyed an ISIS-held building. Near Mosul, three strikes engaged two ISIS tactical units; destroyed 11 tunnels, 10 fighting positions, three mortar systems, a rocket-propelled-grenade system, an artillery system and a heavy machine gun; damaged 12 supply routes, three fighting positions, three tunnels and a vehicle; and suppressed four ISIS tactical units. Near Tal Afar, two strikes engaged two ISIS tactical units and destroyed an ISIS headquarters and a vehicle-bomb facility. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 38 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:15 PM
    Five engineers from the Ministry of Water Resources at the Mosul Dam project in Iraq and one engineer from Trevi S.p.A., the construction company working on the project, recently completed three weeks of training with a U. S. Army Corps of Engineers (USACE) Data Management Reach Back Team. They learned about a Nashville District developed Mosul Dam Geographic Information Systems model, the GIS software, and the geology model of Mosul Dam. Lt. Col. Stephen F. Murphy, U.S. Army Corps of Engineers Nashville District commander, said geologists and engineers from the Civil Design Branch and instructors from the Environmental Systems Research Institute (ESRI), customized a series of training seminars at the Nashville District Headquarters for the Mosul Dam project. “We are happy you are here and glad to be a part of this program that will assist in helping you understand the many functions of this software,” said Murphy to the engineers. “The classes were put together so that they would have the underlying skills they need in order to work the Mosul model and understand what we put together, how to use it and how it can be expanded in the future,” said Vanessa Bateman, chief of the U.S. Army Corps of Engineers Nashville District Civil Design Branch. Bateman said her team and deployed engineers from the Nashville District coordinated the training. According to Bateman, the Nashville District has the training, knowledge and experience to coordinate instructors, provide classes, train and provide data needed. Since the builders of the Mosul model are in the district, this makes it easier to bring the engineers to the United States. Bateman said using a software platform comprising a GIS model, a relational database and linked documents such as spreadsheets, reports, photographs and scanned drawings, the Corps has applied its expertise in geotechnical engineering design, engineering geology and construction to provide project engineers with a wide range of visualized project information. “One of the things about this software and training is that it will allow them to get a good look at what their requirement needs for GIS information and data management,” said Bateman. Bateman added that the team collected data from reports, drawings and photos from Mosul provided by the government of Iraq and Ministry of Water Resources and put it into a GIS format. The team then developed one conceptual model that was used during training and is currently being used by the construction project. It is a living model which is continually updated as new data are generated by the grouting program. The Mosul Dam is Iraq’s largest dam and the Middle East’s fourth largest reservoir. It is positioned on the River Tigris, 31 miles north of Mosul, Iraq’s third largest city with a population of 1.5 million people. Mosul Dam creates an eight mile long reservoir and holds back 8.9 million acre-feet of water. The two mile long earth-fill dam was built in the 1985 and is a critical energy and water source. It was constructed on a foundation of soluble rock that can continuously dissolve, resulting in the formation of cavities and underground voids. This has made it necessary for the project to have almost continuous grouting since it was constructed. If the dam failed it would inundate the nearby city of Mosul. It would also inundate major cities farther downstream including Baghdad. According to a U.S. Army Corps of Engineers (USACE) report in September 2007, the dam required “extraordinary engineering measures” – namely constant re-grouting operations — to fill in the holes and “maintain the structural integrity and operating capability of the dam.” Bateman said the Iraqi engineers were provided a copy of the Mosul model, which they uploaded to their computers and will take back for use on Mosul Dam. She said each day of class they worked on the models, specific functions, asked specific questions and then took their up-to-date model back to the project. “We loaded all the GIS database information they will need to run the model pf Mosul Dam and it’s very similar to that of the Wolf Creek Dam model in the Nashville District,” said Bateman. “Since they have worked on these models throughout their training, it is easier for them to understand and translate to others when they return home,” said Bateman. The Wolf Creek Dam Rehabilitation project is the most similar to Mosul Dam. Located on the Cumberland River in Russell County, Kentucky, it was classified in high risk of failure in 2005. The dam badly needed repair and the scope of repair had never before been performed in the world. Like Mosul, it was an earthen dam placed on a karst foundation. While the final repair at Wolf Creek was the construction of a cutoff wall, large amounts of grouting were completed at the site before the wall was constructed. The $594 million rehabilitation project at Wolf Creek included construction of a concrete wall 4000 foot long, 275 foot deep and a minimum two feet thick on the upstream side of the earthen section of the dam. After completion of the project, engineers and geologists from the U.S. Army Corps of Engineers Nashville District Civil Design Branch received the 2013 USACE Innovation of the Year Award for their notable efforts on the Wolf Creek Information Management System. During the project, the Corps team of geologists became experts in developing, implementing and maintaining the Wolf Creek Information Management System through GIS. “Working with GIS and proper data management is key to understanding your project and maintaining data if there is a need for further repairs,” said Bateman. During the training visit to the Nashville District, the goal for the Iraqi engineers was to learn how to apply the GIS model and geographic understanding to create technical products to convey site conditions. “This training has helped me better understand underlying geology and I am anxious to get back to the Mosul Dam and get to work, this training has been very good for me,” said Safaa Al-Grbawi, an engineer from the Ministry of Water Resources and State Commission for Dams and Reservoirs in Iraq. The engineers gained great benefits from understanding and learning about the Mosul Dam Geographic Information Systems model, the software, underlying geology, how the Corps evaluates those conditions, and makes key decisions. “Our projects are very similar to what they have going at Mosul Dam,” said Bateman. “They could directly relate their experiences to ours, and I think helping them understand modeling was extremely valuable.” The success of the trip would not have been possible without the collaboration between several Corps districts. The engineers expressed their sincere appreciation to the Corps for the time and effort that was put into ensuring their trip was informative and beneficial. “I really think it was a great moment spent collaborating and learning from fellow engineers from around the world,” said Bill Walker, geological engineer at the Nashville District. “They have an enormous task at Mosul Dam, and I hope much of the information they gained from their training here will help them successfully complete that mission.” Corps instructors included Baron Worsham, civil engineer; Laurel Blackman, geologist; Vanessa Bateman, geological engineer and Amy Gilley, geologist. ESRI instructors included Chris Magnuson and Mike Rink. Mosul Dam Engineers included Safaa Al-Grbawi, Hussein Al-Hasani, Alaa Al-Nuaimi, Waleed Al-Hadidi, Geologist Ismat Mohamad and Zaher El-Hajj Zaher, a civil engineer from Trevi- S.p.A, Italy. (Source: DVIDS) (Picture Credit: Mark Rankin) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:15 PM
    Global satcom specialist Marlink, based in France, UK-based service integrator Defaultroute and Iraqi Internet service provider Abr Al Manara have announed that they have joined forces to deliver a groundbreaking hybrid digital connectivity service resulting in a multi-million US dollar contract for a major Iraqi oil and gas company. Overcoming the challenges of poor terrestrial infrastructure, the partners will seamlessly integrate Marlink’s Terralink VSAT service with MEO satellite services in addition to fibre Internet connectivity. The hybrid digital network approach provides levels of redundancy and service available not seen before in Iraq, with the end-customer enjoying a near-100% SLA for always-on connectivity. Harnessing the power of Marlink’s extensive global network, the integration of Marlink’s advanced Terralink VSAT services within the sophisticated hybrid digital network enables the partnership to deliver unmatched high-speed connectivity. As the Service Integration partner, Defaultroute’s Quality Assurance and Service Delivery Management expertise will ensure smooth running of all aspects of the network, working closely with Marlink to deliver high bandwidth on Terralink VSAT that will support end-users in Iraq to develop a more collaborative work environment through connectivity. The hybrid digital network creates the platform for more digitalisation of commercial and industrial operations in Iraq, with provision of high bandwidth for a variety of applications including logistics operations, safety & security with surveillance and remote monitoring, and emergency response. Defaultroute will co-operate with Abr Al Manara on delivery of the MEO satellite services and fibre connectivity part of the network. Abr Al Manara operates 70% of the commercially available MEO satellite bandwidth over Iraq and is able to provide in-country compliance, licensing and logistics due in part to its eight-year partnership with Alsalam State Company / the Ministry of Communication. “Defaultroute set out nine months ago to bring together key partners that were aligned with our quality standards and could be open and flexible with us to ensure that we could give our customers the best possible service,” said Vince Davies, Defaultroute. “Our partnerships help to provide ‘Peace of mind’ to the customer regarding quality and compliance while ensuring we can deliver the best technical solution for the most reliable service.” “A big part of the success of this joint venture is the mutual understanding between the partners when it comes to operating together within the complex Compliance and Licensing laws in Iraq. Abr Al Manara and its parent company have been operating in Iraq since 1976 so we know this better than anyone. We believe this is just as important as the technology we bring together as partners,” said Michael Iwanow, COO Abr Al Manara. “Our partnership with Defaultroute and Abr Al Manara is the foundation for delivery of the fastest, most reliable Internet connectivity available in southern Iraq. Terralink VSAT adds significantly to the value proposition as it provides the most stable bandwidth and redundancy for the development of hybrid digital networks in the region,” said Danny Côté, President Enterprise, Marlink. (Source: Marlink) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:15 PM
    Ms Tasmina Ahmed Sheikh MP, Trade and Investment spokesperson for SNP, gives Keynote Speech to members at Council Meeting Dinner of the Iraq Britain Business Council (IBBC): “Huge potential for growth in Iraq”: Thank you very much for that warm welcome, and the invitation to speak to you all this evening. If it wasn’t already challenging enough to address such a senior and knowledgeable audience, I was delighted to hear that I’d be introduced by my friend and fellow Member of Parliament, Mr Salmond. Who wouldn’t feel overjoyed to give a speech to so many representatives from major oil companies in front of the man who created the Royal Bank/BBC*oil index during his time as Chief Economist for the Royal Bank of Scotland?*At least we can all console ourselves that this career achievement, which is still running today, was set up by the Rt. Hon Member for Gordon 34 years ago.*He must have been some child prodigy.. I’ve been asked to touch on three issues with you this evening: How to persuade the under-utilised*Scottish oil, gas and engineering sector to bring their expertise and trade to Iraq. To give my “speculative*thoughts” on a second Scottish referendum and EU situation? And finally, how to get more*Women in business I have to say that my thoughts on our constitutional situation are less speculative today than they were yesterday morning, but I’ll come to that in a moment. The full speech can be read here. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:15 PM
    The Iraqi Cement Company in coordination with the National Investment Commission (NIC) are pleased to announce the investment opportunities for : Fallujah White Cement Plant Babil Cement Plant The Lime Plant in the Holy City of Karbala We invite specialized Iraqi, Arab and International companies, investors and financers to participate in these investment opportunities to rehabilitate and upgrade these plants, on basis of partnership in management, production and increase of production capacities. Regarding the needs of these plants productions, the importance of meeting the Iraqi market, the economic feasibility and the privileges achieved to the investor including provision of raw materials at suitable prices. The investment profile can be obtained from the Iraqi State Cement Company (HQ), at non- refundable price of (150000 I.D) one hundred fifty thousand Iraqi Dinar. The company is ready to provide detailed information and facilitate the visit to plants. We would like to mention that offers must match the conditions stated in the investment profile. Offers must be handed as two separated offers (Technical and Financial) > All attached document must be certified officially by the official department in the countries related to those companies beside the official Iraqi embassy in that country. Notice , the price equation of cement is applied to preserve price fluctuation in cement market . Offers should be presented by the end of the work day of (Wednesday the 3rd May 2017, 12:00 O’clock). For more details, please visit the company’s website : www.icsc.gov.iq Or visit the company’s HQ on the following address: Iraq- Baghdad- Al Za’faraniya Mobile: 009647716620600 E-mail: iraqicement@icsc.gov.iq (Source: NIC) (Picture: Kirkuk Cement Plant) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 29 view(s)
  • Attaboy's Avatar
    Yesterday, 01:05 PM
    This morning, a reply from Warka for account balances finally arrived after many months of emails requesting balances. The reply showed IQD in the bank and USD in the bank. I had considered the funds gone until this morning.
    16 replies | 1542 view(s)
  • Screaming Eagle's Avatar
    Yesterday, 12:44 PM
    5473 replies | 188836 view(s)
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