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  • BatmaninIraq's Avatar
    Today, 01:44 AM
    absolutely
    4 replies | 192 view(s)
  • Investors Iraq News's Avatar
    Today, 12:54 AM
    Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between Feb. 9-15, conducting 43 strikes consisting of 63 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Strikes in Syria Yesterday in Syria, coalition military forces conducted four strikes consisting of five engagements against ISIS targets: — Near Abu Kamal, three strikes engaged two ISIS tactical units and destroyed an ISIS supply route, a staging area and a weapons cache. — Near Shadaddi, a strike engaged an ISIS tactical unit and destroyed an ISIS headquarters. On Feb. 14, coalition military forces conducted two strikes consisting of two engagements against ISIS targets: — Near Abu Kamal, a strike engaged an ISIS tactical unit. — Near Dayr Az Zawr, a strike engaged two ISIS tactical units and destroyed an ISIS outpost. On Feb. 13, coalition military forces conducted four strikes consisting of six engagements against ISIS targets near Abu Kamal. The strikes suppressed two ISIS maneuver elements and destroyed a fighting position, a heavy machine gun and an artillery system. On Feb. 12, coalition military forces conducted 10 strikes consisting of 13 engagements against ISIS targets: — Near Abu Kamal, nine strikes engaged an ISIS tactical unit; suppressed an ISIS maneuver element; and destroyed two artillery systems, a tactical vehicle, a heavy machine gun, two ISIS supply routes, a fighting position and a command-and-control center. — Near Shadaddi, a strike destroyed two ISIS fighting positions. On Feb. 11, coalition military forces conducted seven strikes consisting of 11 engagements against ISIS targets near Abu Kamal. The strikes engaged two ISIS tactical units and destroyed two fighting positions, an ISIS-held building, a command-and-control center, three tactical vehicles and two ISIS-supply routes. On Feb. 10, coalition military forces conducted nine strikes consisting of 11 engagements against ISIS targets: — Near Abu Kamal, eight strikes engaged six ISIS tactical units and destroyed two command and control centers, a fighting position, an ISIS-held building, a weapons cache, an ISIS motorcycle and a mortar tube. — Near Dayr Az Zawr, a strike engaged two tactical units of hostile forces and destroyed a tank. On Feb. 9, coalition military forces conducted three strikes consisting of seven engagements against ISIS targets near Abu Kamal. The strikes engaged three ISIS tactical units and damaged an ISIS-held building. Additional Strikes in Syria On Feb. 8, coalition military forces conducted a strike consisting of one engagement near Raqqa, engaging an ISIS tactical unit. On Jan. 31, coalition military forces conducted a strike consisting of one engagement near Shadaddi, destroying an ISIS rocket fighting position. Strikes in Iraq On Feb. 15, coalition military forces conducted a strike consisting of two engagements against ISIS targets near Rutbah. The strike destroyed an ISIS weapons cache. On Feb. 14, coalition military forces conducted two strikes consisting of three engagements against ISIS targets near Beiji. The strikes engaged an ISIS tactical unit and destroyed an ISIS facility. There were no reported strikes in Iraq on Feb. 12-13. On Feb. 11, coalition military forces conducted a strike consisting of one engagement against ISIS targets near Tal Afar. The strike engaged an ISIS tactical unit and destroyed an ISIS tunnel. There were no reported strikes in Iraq on Feb. 9-10. Additional Strikes in Iraq On Jan. 27, coalition military forces conducted a strike consisting of one engagement in support of an Iraqi raid on a high-value ISIS leader. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and ground-based tactical artillery, officials noted. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 49 view(s)
  • Investors Iraq News's Avatar
    Today, 12:54 AM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Future Forward Project Manager, Heartland Alliance for Human Needs Project Officer (Communications with Communities), IOM – International Organization for Migration A Deputy Head of Mission, Première Urgence Internationale (PUI) A Deputy Health Coordinator in Erbil, Première Urgence Internationale (PUI) MEAL Coordinator, Première Urgence Internationale (PUI) Security Advisor, Première Urgence Internationale (PUI) Health Coordinator, Première Urgence Internationale (PUI) Senior Women’s Protection Advisor, UNAMI Monitoring & Evaluation Coordinator, Norwegian Refugee Council (NRC) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 32 view(s)
  • Investors Iraq News's Avatar
    Today, 12:54 AM
    By John Lee. The United Nations has advertised new positions in Iraq: Future Forward Project Coordinator, Heartland Alliance for Human Needs A Field Coordinator, Première Urgence Internationale (PUI) Chief of Section, Supply Chain Management, UNAMI Senior Political Affairs Officer, UNAMI Program Manager, Relief International Human Settlements Officer, UN-Habitat – United Nations Human Settlements Programme Female Gynaecologist for Middle East, Médecins Sans Frontières (MSF) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 35 view(s)
  • Brazileiro's Avatar
    Yesterday, 09:51 PM
    but there ain't gonna be no rv cause there ain't gonna be no warka bank,,,,remember? lol
    4 replies | 192 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 01:34 AM
    “Basically when Saddam invaded Kuwait, the Kuwaiti Dinar was intentionally devalued so that Hussein wouldn’t reap the benefits of having confiscated a powerful currency. The Persian Gulf War ended Feb 28 and the revaluation took place within a month on March 24, 1991. You can see the revaluation was not a revaluation but IN FACT a re-instatement and it was actually 3 cents less than before the Iraqi invasion. Go figure? So how did anyone make millions then? Any increase in rate (not value) simply came from a mad, hysteria of speculation. It wasn’t that people were smart enough to purchase the currency on FOREX or thru a broker or have it as investors. Then go the bank and exchange it, like we will do with the Iraqi dinar. We can see the value was not de-valued like the Iraqi dinar and then revalued. So how did all these supposedly people make all these millions? Instead those that made any money off the Kuwaiti dinar would have had to make it off of getting the money out of the trash can or picking it up off the streets in Kuwait. Citizens literally threw the pre-invasion money out in the trash once Saddam Hussein issued his own dinar in Kuwait. They had no idea of what was to come later – the invasion and the liberating of their currency. You literally had to be in the right place at the right time to get rich off this dinar. So who did get rich then? Yes, there were some individuals like you and me who did get rich, but mostly it was the large investors who jumping on FOREX and caught the ride while it lasted. FACT or FICTION: The USA used the Kuwaiti dinar revaluation to pay off the National debt under the Clinton administration. This could not be farther from the truth. First, we know from reading the FACTUAL history of the process that took place it was not IN FACT a revaluation but a reinstatement. Second, it was only re-instated and the dinar actually came back at 3 cents less there is was prior to the invasion by Iraq. FACT or FICTION: the Kuwaiti dinar was taken out of the US reserves and exchanged it to pay of the National debt. No Kuwaiti dinar was “cashed in” and taken out the reserves to pay for anything. The Kuwait dinar was used to pay off the USA for the expense of the invasion and this is how this war paid for itself. This money was received by the US Treasury from Kuwait during the time of negotiations on the whether to raise the debt ceiling once again to borrow more money for the deficit spending for that last year of the Clinton administration. They had to do something. Remember president Clinton is the one who proposed the Gramm-Rudman-Hollings Act, which prohibits deficit spending unless in time of national emergency (like a war). The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 (both often known as Gramm–Rudman) were the first binding spending constraints on the federal budget. The acts were named after U.S. Senators Phil Gramm (R-Texas), Warren Rudman (R-New Hampshire), and Fritz Hollings (D-South Carolina), who were all their chief sponsors. Under the 1985 Act, allowable deficit levels were calculated for the eventual elimination of the federal deficit. If the budget exceeded the allowable deficit, across-the-board cuts were required. During Clinton’s last year in office was one of the few periods where the USA was not “officially” at war. This was during the period of lull between the first gulf war and the second later gulf war. I call then the embargo years for Iraq. This is the period of ten years when they wanted to inspect and make sure that Iraq did not have any weapons of mass destruction. Also they wanted to wear down the government, the military and the economy to get ready for the second invasion that was to take place in 2003. So this money was used for this purpose. This is all that happened. The USA DID NOT use any of this money to pay of the National Debt, not a penny. It only prevented from adding to it. Did you hear me? There happened to be some money left over once they covered the amount of the deficit in that year’s budget, so instead of saving it and applying it to next years’ deficit, the incoming new president G. W. Bush gave out rebates to everyone just in time to gain popularity going into his second election. He knew there was not much of a chance in getting a second term and had to do something. Remember he also signed the Medicaid bill for prescription drugs to senior citizens about this time too. Lots of freebies to the voters in return for votes. Is all about votes. This is what they always do. It is not really about caring for YOU. It is about staying in power. We saw just how close the election was and if it was not for the rigging of the voting process in Florida, he still would not have made it to a second term. FACT or FICTION: Once re-instated investors climbed onboard and bought the Kuwait dinar and drove the price up to US$9.00 on float before the IMF capped it. This is about the only FACTUAL part of the entire saga to this story of rumors on the Kuwaiti dinar. So yes, if you did happen to have the Kuwaiti dinar, the correct series of the currency (fourth or fifth issued series),and you were following FOREX closely, you stood a chance to make some money and could have possibly made millions. But how many people had all these conditions just right in their favor? Like I said many of the invading Gis had the hard currency in their duffle bags and it was bought home. The military forbid this but they did it anyhow. The worst that could happen to them is that it could be confiscated upon inspection once arrived at home. They never inspected most of their luggage. So along with the FOREX daily watchers (educated investors) these GIs held this currency but they had to know to go to the bank with it. Most did not and missed the opportunity as the rate soon dropped back and normalized. FACT or FICTION: the US Treasury “exchanged” trillions of the Kuwaiti dinar once the rate rose to record levels on FOREX. The US Treasury was paid by Kuwait in US dollars not Kuwaiti dinar. Even with the US $9 FOREX hysteria, the US Treasury simply did not have enough Kuwaiti dinar to pay off the trillions of National Debt at that time., even if they wanted to. After all, the war debt with Kuwait was only in the billions not trillions and Kuwait was able to easily pay this IOU back to the US, as agreed would happen prior to the war. This was all an upfront agreement and the timing was perfect. Clinton was to look like a hero but not for the reasons you are made to believe. So the BIG question is this – is there a new plan to stock the US Reserves with Iraqi dinar and use it to pay off the National Debt after its revaluation? Well one thing we do know for sure is the Iraqi dinar will have a very substantial revaluation unlike the initial re-instatement of the Kuwaiti dinar. We know this from knowing about the process to “delete the zeros”. In fact the Kuwaiti dinar never really did revalue, it only rose in rate (not value) due to the float on FOREX and pure speculation. It then came back to reality. There is some plan to do something and use some of this to pay off debt if nothing else in part to use it for the deficit negotiations coming up on Feb 8th once again. Can they balance the deficit? Trump will look like a hero if they can and do it without closing down the govt again. As the US is not doing all this work in Iraq to just fight terrorism. This is all information that, if you tie it all together, points to the near completion of the project to delete the zeros and eventual revaluation of the Iraqi dinar. This what we are looking for. This is our TARGET! Memories are short and this was even on the national news channels at that time, explaining it all to the American people.
    4 replies | 192 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 01:34 AM
    THIRD SERIES (the last prior to the invasion of Kuwait by Iraq) The third series was issued on 20 February 1980, after the accession to the throne of late Emir Jaber al-Ahmad al-Jaber al-Sabah, in denominations of 1⁄4, 1⁄2, 1, 5 and 10 dinars. A 20 dinars banknote was introduced later on 9 February 1986. As a result of the state of emergency after the Invasion of Kuwait, this series was ruled invalid with effect from 30 September 1991. Significant quantities of these notes were stolen by Iraqi forces and some had appeared on the international numismatic market. The “Standard Catalog of World Paper Money” (A. Pick, Krause Publications) lists notes with the following serial number prefix denominators as being among those stolen: ¼, ½, 1, 5, 20. FOURTH SERIES (these are the ones many made millions off of) After the liberation of Kuwait by Operation Desert Shield, a fourth series was issued on 24 March 1991 with the aims of replacing the previous withdrawn series as quickly as possible and guaranteeing the country’s swift economic recovery. This fourth series was legal tender until 16 February 1995. Denominations were 1⁄4, 1⁄2, 1, 5, 10 and 20 dinar. FIFTH SERIES (the dinar they use today, just a security upgrade) The fifth series of Kuwaiti banknotes were in use from 3 April 1994 and included high-tech security measures which have now become standard for banknotes. Denominations were as in the fourth series. The process that actually took place: According to Business Times, 25 September 1990, when Iraq invaded Kuwait in August 1990, they order a 12 days currency exchange for the holders of Kuwaiti dinars at one to one exchange with Iraqi dinar, each Kuwaiti dinar was worth nearly US$3.50 before Iraq’s invasion of Kuwait. People who loss confidence on Kuwait change their Kuwait Dinar and the Kuwaiti currency soon withdrawn from circulation and has been replaced by Iraqi currency. During that time, Iraq don’t just replacing the Kuwait currency, they also seized gold, foreign currency and goods worth between US$3 billion to US$4 billion from the Institute of the financial institutions and trading in Kuwait. The Kuwait Central Bank’s vaults of gold and cash has been emptied by Iraqi troops. On 11 August 1990, The Business Times reported that banks and money changers had suspended the Kuwaiti currency trading, with many of them even shying away from quoting other Middle-east currencies. Most expatriates living in the Middle east during that time exchange their middle east currency with US Dollar. On 18 January 1991, Reuter reports that The Kuwaiti dinar has soared on Middle East black markets in the run up to a Gulf war in the expectation that A RESTORED GOVERNMENT WOULD HONOR THE CURRENCY AT ITS FORMER VALUE. After the invasion was over on February 1991, Kuwait issued new currency on 24 March 1991. On 21 March 1991, Kuwait Central Bank Governor Salem Abdul Aziz al-Sabah said 700 million newly-minted Kuwaiti dinars had already arrived in the vaults from Germany and London. The New York Times, March 25, 1991 reported the KUWAIT CENTRAL BANK IS CANCELING THE VALUE OF KUWAITI DINARS THAT WERE SEIZED FROM THE CENTRAL BANK AND PUT INTO CIRCULATION BY THE IRAQIS. The invalid serial numbers were posted in front of all banks in the city. All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar. In Kuwait Dinar case, the new official exchange rate (US$3.47) is almost the same as the value (US$3.50) before Iraq’s invasion. Kuwait government don’t borrow money from foreign institution for the Kuwait reconstruction. They have US$100 billion in overseas investments to help them for the Kuwait reconstruction. In the closing hours of the Gulf War in February 1991, the Iraqi occupation forces set ablaze or damaged 749 of Kuwait’s oil wells. All of these fires were extinguished within a year. Production has been restored, and refineries and facilities have been modernized. Oil exports surpassed their pre-invasion levels in 1993 with production levels only constrained by OPEC quotas. The gold looted from Kuwait had been return by Iraq on August 1991. The United Nations Compensation Commission (U.N.C.C.). also imposed a total of $53 billion in war reparations charges against Iraq. It concluded considering files and imposing charges at its June 2005 meeting. Iraq has paid $19 billion of these imposed reparations charges. The U.N.C.C. awarded Kuwait’s oil sector $21.5 billion and Kuwait’s government $8.2 billion. The U.N.C.C. also awarded Kuwait an additional $3.8 billion for claims arising from environmental damage. What is happening during Kuwait RV in 1991 and what happened with Iraq is totally a different situation. The remaining balance of these reparations had to be paid off or a deal cut with Kuwait that was also acceptable to the IMF. Late last year 2017, a deal was cut to export gas over a (soon to be built) pipeline from Iraq to Kuwait. This deal was needed to get Iraq out of Chapter VII).
    4 replies | 192 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 01:33 AM
    Let’s get the record clear on this Kuwait RV once and for all. I list the reasons why it is not as simple in the Iraqi dinar process as it was for the Kuwait dinar process. So let’s begin with our analysis today. First let me say the RV was actually a re-instatement. There was never a revaluation. The currency was put on a free-market FLOAT by the IMF and the rise in rate (not value) was due purely by speculation. The value remained the same and eventually the results of the FLOAT leveled off and it returned to its true value, which was right around the re-instatement value in the first place. So let’s look at the entire process of the 1990 and the KWT currency of the Kuwaiti dinar. So in the recent history of the KWT, there has been five issuances of the currency. We are concerned mostly with the last three (3) since these are the timeframes we talk about most in our rumors.
    4 replies | 192 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 10:15 PM
    Source: Read the story here Post your commentary below.
    0 replies | 69 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 10:15 PM
    Source: Read the story here Post your commentary below.
    0 replies | 56 view(s)
  • calstar's Avatar
    02-15-2018, 06:50 PM
    Try 3044@warka-bank-iq.com Mohammad Issa
    3 replies | 247 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 02:20 PM
    Following the Kuwait International Conference for the Reconstruction of Iraq earlier this week, Iraq has so far received pledges of financing totalling around $30 billion to help with rebuilding the country after the devastating war against the Islamic State group. While this is well short of the $88 billion in funding estimated to be needed, it is still a very significant boost for the country’s reconstruction programme, and will greatly improve the quality of life for millions of Iraqis. Commenting on the outcome, UN Secretary-General António Guterres said: “After the last three days in Kuwait, I feel hope for a new Iraq that is open for business and prepared to face the next challenge of rebuilding communities while reconstructing schools, roads, bridges, hospitals and public infrastructure. “A prosperous Iraq will be a pillar for development and stability in the region.” Many readers of Iraq Business News will play key roles in this reconstruction effort, and we would like to wish them every success in this important work. To promote your business to the Iraqi market, please contact our sales manager, David Jeffries: david.jeffries@iraq-businessnews.com, +44 20 8150 5293. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 70 view(s)
  • James's Avatar
    02-15-2018, 02:11 PM
    Interesting.... Asiacell (TASC) will be suspended from trading on Feb. 18, 2018 if the company fails to explain why the prices touched the higher limit in the last two trading sessions (Feb. 14-15, 2018). No. Trades Volume T. Shares Change % 36 35,785,552 3,995,000 10.00% 31 20,849,642 2,553,909 9.93% 25 13,108,648 1,756,519 6.04% 18 11,750,966 1,654,000 0.28%
    0 replies | 85 view(s)
  • Brazileiro's Avatar
    02-15-2018, 09:51 AM
    I send mine from hotmail account and send it using outlook with a read request on it so I know it's at least been read. I send the email around 9:30-10:am Iraq time as most times they get read around 11am Try any or all of these email addresses... mohammad.k.issa@warka-bank-iq.com ifrd@warka-bank-iq.com e-bank.ms@warka-bank-iq.com e-bank@warka-bank-iq.com
    3 replies | 247 view(s)
  • Brazileiro's Avatar
    02-15-2018, 09:43 AM
    Wow! Fast prompt service! How very different than WB,,,
    13 replies | 2035 view(s)
  • James's Avatar
    02-15-2018, 09:27 AM
    James replied to a thread ISX on the rise in Iraq Stock Exchange
    The dividend that we will collected for you directly fund in your account in our company. If you have any further questions don’t hesitate to contact us with all regards,
    13 replies | 2035 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 02:54 AM
    On Tuesday, the Export-Import Bank of the United States (EXIM) entered into a memorandum of understanding (MOU) with Iraq’s Ministry of Finance aimed at rebuilding Iraq and enhancing trade and economic cooperation between the two countries. EXIM’s Acting Vice Chairman Scott Schloegel signed the MOU today with Iraq’s Deputy Finance Minister Dr. Maher Hammad Johan at the Kuwait International Conference for the Reconstruction of Iraq held at Bayan Palace in Kuwait City. U.S. Ambassador to Iraq Douglas A. Silliman and Iraqi Prime Minister Haider al-Abadi also attended. The signing was part of a U.S. diplomatic mission from February 11-16 being led by U.S. Secretary of State Rex Tillerson to Jordan, Turkey, Beirut, Lebanon, Egypt, and Kuwait. “This MOU signals that American workers want to be part of the rebuilding effort in Iraq,” said Acting Vice Chairman Scott Schloegel. “We anticipate that the financing following from this agreement will support scores of jobs across the United States over the coming years.” Under the MOU, EXIM and Iraq’s Ministry of Finance agreed to identify potential projects in Iraq for procurement of goods manufactured in the United States and services produced by American workers. Areas for collaboration and business development include infrastructure, rail and road transportation, aircraft, energy, health care, and security, among others. EXIM has agreed to facilitate short- and medium-term financing of U.S. exports to Iraqi state-owned enterprises up to a total of $3 billion in aggregate. Up to $1 billion of this financing may be allocated to eligible short-term commodity transactions. Access to EXIM financing is subject to the bank’s approval for each individual transaction and must comply with the terms for EXIM’s financing. (Source: EXIM) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 57 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 02:54 AM
    By John Lee. Oil Minister Jabar Ali al-Luaibi (pictured) has said Iraq plans to increase its crude oil production capacity from 5 million bpd at present to 7 million bpd by 2022. According to a report from Reuters, he added that Iraq needs $4 billion for new investments in its downstream oil industry, lifting refining capacity to 1.5 million bpd by 2021. It said the increase in refining capacity would come from seven projects, some of them new and some involving the expansion of existing refineries. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 55 view(s)
  • Mo Dinar's Avatar
    02-15-2018, 01:07 AM
    Ae you using a generic, i.e., Yahoo, Hotmail or more commercial like AOL for getting a reply??? I've been trying for months too!
    3 replies | 247 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 12:53 AM
    An Iraqi court on February 12 sentenced former trade minister Abdul Falah al-Sudani to 21 years in prison on corruption charges. Sudani was involved in a corruption scandal connected to the country’s massive food rations programme. He was given three sentences, two for “negligence” with a 14-year jail term and a third for “misconduct” with a seven-year term, according to Iraqi Shafaq News. Sudani, who belongs to the ruling Dawa Party, served as minister of trade from 2006 to 2009. He was sacked and slapped with criminal charges in 2009. Released on bail, Sudani was then arrested as he tried to flee the country, but he managed to flee again. The former trade minister was extradited from Lebanon and taken into Iraqi custody on 25 January. Prime Minister Haidar al-Abadi has earlier vowed to fight corruption, saying it is the second war the country has to fight following its victory over IS. (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 58 view(s)
  • Investors Iraq News's Avatar
    02-15-2018, 12:53 AM
    By John Lee. Saudi Arabia will reportedly re-open its consulate in Basra within two weeks. Al Arabiya says that the consulate closed in 1990 during the second Gulf war. (Source: Al Arabiya) (Picture: Iraqi Prime Minister Haider Al-Abadi meeting Salman bin Abdulaziz Al Saud, King of Saudi Arabia, 19th June 2017) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 53 view(s)
  • Wolverine's Avatar
    02-14-2018, 09:35 PM
    6667 replies | 418021 view(s)
  • Brazileiro's Avatar
    02-14-2018, 07:46 PM
    If Warka Brokerage is shutting down they would have to give any shares back to the ISX wouldn't they? Can't be kept in Proxy maybe so have to be put in your name. I would still get the documents they want together and send them to Warka. They may still take them. I think you'll be madder if the money from your shares gets put into your Warka Cash account. Who knows if we will see that money again.
    118 replies | 9864 view(s)
  • Investors Iraq News's Avatar
    02-14-2018, 05:00 PM
    Significant progress in the fight to defeat the Islamic State of Iraq and Syria has resulted in a shift in focus to sustaining military gains in Iraq to ensure a lasting defeat of Islamic State of Iraq and Syria terrorists, The commander of U.S. Air Forces Central Command told Pentagon reporters today. An Air Force C-17 Globemaster III transport jet assigned to the 816th Expeditionary Airlift Squadron sits on the ramp at Bagram Airfield, Afghanistan, Jan. 24, 2018. The C-17 is capable of rapid strategic delivery of troops and all types of cargo to bases throughout the U.S. Central Command area of responsibility. Air Force photo by Tech. Sgt Gregory Brook Speaking via teleconference from the Combined Air Operations Center at Al Udeid Air Base, Qatar, Air Force Lt. Gen. Jeffrey L. Harrigian said the Feb. 1 standup of a coalition aviation advisory and training team is an example of the transition. The coalition team of airmen will help the Iraqis build a capable, affordable, professional and sustainable aviation enterprise, he explained. And while the standup of the team does not signal an increase in the U.S.-led coalition’s presence in Iraq, the CAAT will bridge the work toward standing up an air expeditionary wing that will take over that mission, he said. Preventing ISIS Resurgence The coalition’s train, advise and assist efforts to build a lasting Iraqi aviation enterprise will not be tied to a timeline, but instead will be conditions-based, proportional to the needs, and in coordination with partners in the Iraq government, Harrigian said. “As we transition our focus in to sustain our military gains, let me be clear that we will retain the necessary amount of air power to prevent a resurgence of ISIS,” he emphasized. Harrigian said the progress to defeat ISIS has allowed the United States to realign some of its deployed combat air power and personnel to Afghanistan, including A-10 Thunderbolt II aircraft, MQ-9 Reaper unmanned aircraft and HH-60 Pave Hawk helicopters. “These aircraft will provide increased air support to the South Asia strategy, as well as ongoing counterterrorism efforts in Afghan-led operations,” the commander said. “This plus-up in air power is also producing tangible results as part of a deliberate air campaign that we kicked off in late November to decimate the Taliban’s primary revenue source — narcotics production.” Goal: Choke Off Taliban The goal is to choke off the Taliban’s ability to pay for its deadly attacks, such as those in Kabul recently, he noted. Harrigian said the campaign to stop the Taliban’s resource flow will take time and that it will not align with the traditional fighting season in Afghanistan. “Instead, will be relentless and persistent, as demonstrated by the 321 precision munitions we released this January against Taliban targets in the dead of winter, a time they typically rest and recuperate,” he said. Such pressure will persist until the Taliban reconcile or die, Harrigian said. “We are already seeing positive reflections from our intelligence that the Taliban are not enjoying their typical winter break.” (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 50 view(s)
  • Investors Iraq News's Avatar
    02-14-2018, 05:00 PM
    By John Lee. Jordan’s Minister of Municipalities, Walid Al-Masri, and Minister of Industry and Trade, Yarub Al-Qudah, have met representatives of the chambers of industry and commerce and members of the Jordan Truck Owners and Custom Clearance Associations to discuss arrangements for the entry of Jordanian trucks to Iraq. According to a report from Petra, they agreed to organise the crossing of Jordanian trucks to Iraq with the concerned Jordanian and Iraqi authorities. (Source: Petra) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 52 view(s)
  • Investors Iraq News's Avatar
    02-14-2018, 05:00 PM
    UN Secretary-General António Guterres launched the Iraq Recovery and Resilience Programme today at the Kuwait International Conference for the Reconstruction of Iraq. The two-year Recovery and Resilience Programme is designed to fast-track the social dimensions of reconstruction and help ensure that people see tangible improvements in their daily lives at the start of the reconstruction process, rather than waiting years to benefit from large-scale infrastructure projects and structural reforms. “Iraq surmounted an incredible challenge in its defeat of ISIL, but many challenges still remain,” said the UN Secretary-General António Guterres. “After the last three days in Kuwait, I feel hope for a new Iraq that is open for business and prepared to face the next challenge of rebuilding communities while reconstructing schools, roads, bridges, hospitals and public infrastructure. A prosperous Iraq will be a pillar for development and stability in the region.” The RRP focuses on urgent priorities – helping people who have suffered the most, revitalizing the areas at the highest risk of return to violence, and advancing broad political participation and inclusive social harmony. “Reconstruction is not just about rebuilding infrastructure-it’s about improving people’s lives,” said United Nations’ Humanitarian and Resident Coordinator for Iraq Lise Grande. The RRP includes nine components. Three will be implemented in high priority communities where violent extremism may possibly emerge unless steps are taken to restore community trust, build confidence in the Government and open economic opportunities. Six of the components are national in scope. These components focus on decentralizing basic services, promoting sustainable returns, providing support to survivors, accelerating community reconciliation and expanding political and social participation. “Together with community and tribal reconciliation, national political settlement and accord, based on the principle of citizenship with equal rights, obligations, justice and opportunities for all, is critically important for a future stable, united and prosperous Iraq,” said the Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Ján Kubiš. The UN is seeking USD 482 million for the first year of the RRP and an additional USD 568 million to help stabilize high-risk areas. Separately, partners are seeking USD 569 million to provide life-saving assistance to 3.4 million highly vulnerable people across Iraq through the 2018 Humanitarian Response Plan. Download the Iraq Recovery and Resilience Programme here in English, and here in Arabic. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 52 view(s)
  • Investors Iraq News's Avatar
    02-14-2018, 05:00 PM
    By John Lee. Genel Energy has announced the completion of competent person’s reports (‘CPRs’) relating to the oil reserves and resources at Taq Taq, Bina Bawi, and Miran. McDaniel and Associates have updated the CPR relating to the Taq Taq field (Genel 44% working interest, joint operator). RPS Energy Consultants Ltd. (‘RPS’), as part of its work on the updated CPRs for the Bina Bawi and Miran West fields (Genel 100% and operator), has finalised its evaluation of the oil resources at both fields. Murat Özgül (pictured), Chief Executive of Genel, said: “The 40% replacement of 1P reserves at Taq Taq follows the success of well TT-29w, and reflects the stability in cash-generative production that we have seen from the field in the second half of 2017. The significant increase in high-value Bina Bawi 2C oil resources offers a tangible opportunity for near-term value creation.” Taq Taq oil reserves Taq Taq gross 2P reserves as of 31 December 2017 are estimated by McDaniel at 54.7 MMbbls, compared to 59.1 MMbbls as of 28 February 2017, with the difference being production in the intervening period, partly offset by a small upward technical revision. The CPR results in a 12% reserves replacement for 2P and 40% reserves replacement at the higher confidence 1P level as a result of stabilising production and the integration of well TT-29w. A reconciliation from the reserves reported in the CPR released in February 2017 to the updated estimates in the CPR published today, is shown in the following table: Gross oil reserves (MMbbls – McDaniel) 1P 2P 3P 28 February 2017 25.8 59.1 95.0 Production (5.0) (5.0) (5.0) Technical revisions 2.0 0.6 0.1 31 December 2017 22.8 54.7 90.1 Bina Bawi and Miran oil resources Bina Bawi gross 2C light (c.45? API) oil resources as of 31 December 2017 are estimated by RPS at 37.1 MMbbls, compared to 13 MMbbls as of July 2013. The increase reflects higher recovery factors than initially estimated due to integrating learnings from analogue carbonate fields of similar oil quality. As the high-quality Bina Bawi oil is in close proximity to export infrastructure, the field represents a potentially attractive near-term development candidate for the Company. Miran West gross 2C heavy (c.15? API) oil resources as of 31 December 2017 are estimated by RPS at 23.7 MMbbls, compared to 52 MMbbls as of April 2013. Volumes have reduced as RPS has adjusted its view on the oil water contact uncertainty range and also adjusted its view on reservoir properties, including data from MW-5 drilled in July 2013. Because of field experience at Taq Taq, Genel management has taken the view that it is unlikely that any matrix will contribute to primary depletion at Miran and, as such, has taken a more conservative view and will only record 18.5 MMbbls of viable 2C contingent resources at the field. Gross 2C Contingent Resources oil (MMbbls – RPS) 2013 31 December 2017 Bina Bawi 12.9 37.1 Miran West 52.0 23.7 Appendix Summary of Contingent Resources – Development unclarified (Gross 100% working interest basis) attributable to the Bina Bawi and Miran West fields as of 31 December 2017. Gross (100% WI) Contingent Resources Gross (100% WI) Contingent Resources Bina Bawi Oil (MMbbls – RPS) Miran West Oil (MMbbls – RPS) 1C 15.2 1C 6.1 2C 37.1 2C 23.7 3C 78.4 3C 67.6 (Source: Genel Energy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 38 view(s)
  • Investors Iraq News's Avatar
    02-14-2018, 05:00 PM
    The World Bank Group and the Government of Iraq signed two projects today totaling US$510 million to help the Iraqi people by improving living conditions, enhancing water supplies, and creating jobs. The two projects along with the ongoing US$750 million Emergency Operation for Development program and other planned commitments, will increase the World Bank’s total commitment to Iraq to US$4.7 billion, compared to US$600 million four years ago. Iraqi Prime Minister Haider Al-Abadi and World Bank Group President Jim Yong Kim (pictured) attended the signing ceremony for the two projects, which took place on the sidelines of the Iraq Reconstruction Conference hosted by the State of Kuwait. The increased Bank commitment will help support immediate restoration of education and health services, rebuilding important roads and bridges, and rehabilitation of electricity and water systems. The ongoing emergency reconstruction projects have already created thousands of jobs for Iraqis and the new projects are expected to create millions more. “We will mobilize the full range of the World Bank Group’s expertise to invest in a new, stronger Iraq,” President Kim said in a speech at the opening of the Iraq Reconstruction Conference. “We will continue to work with our international partners to ensure the smooth and sustainable transition from stabilization through recovery to reconstruction.” The World Bank is committed to scaling up its support for Iraq reconstruction and development subject to availability of resources. In addition to the financial support, the World Bank Group has been actively engaging with the Iraqi Government through providing technical assistance for Iraq’s recovery and to lay the foundation for private sector investments in Iraq. “We will work hand in hand with the private sector to support Iraq,” said Kim. “We must all invest in Iraq’s smart and ambitious youth. We must invest in Iraq’s resilient women. These are the investments that will remain long after the reconstruction process has ended.” In the leadup to the conference, the Iraqi government unveiled its National Reconstruction and Development Framework. The framework aims to both redress the impact of the current crisis and prevent future crises by addressing the structural causes of conflict. By promoting the critical reforms needed to establish a new social contract, the framework provides a roadmap for rebuilding trust between citizens and the government. To read the full transcript of President Kim’s speech, click here. (Source: World Bank Group) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 51 view(s)
  • What If....'s Avatar
    02-14-2018, 02:39 PM
    Mike I'm sure you'll get your money back. Think of all of the money you could have if you had invested in the US markets. I've been in the IQD/ISX thing for 15yrs and nothing has really happened and might be worse off. Given the stuff still happening over there I don't see much happening in the next 15. Get your money back if they sell your stocks and invest it into something that actually pays.
    118 replies | 9864 view(s)
  • James's Avatar
    02-14-2018, 02:07 PM
    James replied to a thread ISX on the rise in Iraq Stock Exchange
    ISX Announcements  Commercial Bank of Iraqi (BCOI) announced that it will start distributing 2.6% cash dividend (IQD0.026 dividend per share) from 2015 profit starting Feb. 18, 2018. I emailed Karmal and asked how to collect this and have it deposited in my Karmal account. I will update when I receive a reply.
    13 replies | 2035 view(s)
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