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  • Investors Iraq News's Avatar
    Today, 01:47 PM
    The US Dept of Defense has announced that Oshkosh Defense has been awarded two new contracts relating to Iraq: a $17,080,930 firm-fixed-price, multi-year foreign military sales contract (Oman, Jordan, Iraq) for 54 635NL trailers, spare parts, and manuals. Bids were solicited via the Internet with one received. Work will be performed in Oshkosh, Wisconsin, with an estimated completion date of April 30, 2018. a $378,137,998 modification (P0009) to foreign military sales contract W56HZV-09-0159 (Cameroon, Iraq, Somalia) for procurement of 1,543 Family of Medium Tactical Vehicles; and three 78-gallon armor B-Kit corrosion prevention compound for vehicles to ship outside the continental U.S.* Work will be performed in Oshkosh, Wisconsin, with an estimated completion date of July 31, 2018. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 01:47 PM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd Sept 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ760 (+2.5%) / $759 (+2.5%) (weekly change) (-30.3% and -33.8% YTD change, respectively). The number of week traded shares was 3.7bn and the weekly trading volume was IQD2.6bn ($2.0mn). ISX Company Announcements CBI approved banking license of International Islamic Bank on Sep. 19, 2016. The bank must complete CBI’s capital increase requirements within three years of the license issue. The bank was Al-Iraqia Money Transfer (MTIR) and now converting to International Islamic Bank. (CBI.iq) Al-Mansour Pharmaceutical Industries (IMAP) will hold AGM* on Oct. 1, 2016 to discuss and approve 2015 annual financial results. ISX will suspend trading of IMAP starting on Sep. 27, 2016. ISX announced on Sep. 22, 2016 that the formerly Al-Motaman for Money Transfer (MTMT) has completed the CBI and ISC procedures to convert into Zain Al-Iraq Islamic Bank for Investment and Finance (BZII) with a capital of IQD100bn. Iraqi for Seed Production (AISP) will hold AGM* on Sep. 29, 2016 to discuss and approve 2015 annual financial results, amend the financial year to begin on Jan. 1st and end on Dec. 31st, rent its location in Abu Ghareeb to Middle East University for eight years, rent the land of Al-Lutaifya, invest a land in Nasrya and purchase two lands in Dyala and Baghdad. ISX will suspend trading of AISP starting on Sep. 26, 2016. Middle East Production and Marketing Fish (AMEF) will resume trading on Sep. 25, 2016 after discussing and approving 2015 annual financial results and deciding to distribute 20% cash dividends (IQD0.2 dividend per share, 2.8% dividend yield). The opening price will be IQD6.9 for the first trading session. Al-Maraj Al-Alamiya for Money Transfer (MTMR) will start trading on Sep. 25, 2016 after completing the listing procedures. The price will be free for the first three sessions and then will be traded with +/-20% change. Al-Nukhba for General Construction (SNUC) will hold AGM* on Sep. 27, 2016 to discuss and approve 2015 annual financial results. ISX suspended trading of SNUC starting on Sep. 21, 2016. Asiacell (TASC) resumed trading on Sep. 20, 2016 after fulfilling ISC requirements and publishing 2015 annual and 3M16 and 6M16 interim financial results. Ishtar Hotel (HISH) resumed trading on Sep. 18, 2016 after fulfilling ISC disclosure requirements and publishing 2015 annual financial results. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 01:47 PM
    By John Lee. The United Nations has advertised new positions in Iraq: Shelter Cluster Technical Coordinator and National Co-Chair, Norwegian Refugee Council (NRC) Head of Support, Norwegian Refugee Council (NRC) Senior Coordination Advisor, United Nations Development Programme (UNDP) International Consultant – Simplification of Work Systems and Procedures, United Nations Development Programme (UNDP) Political Affairs Officer, United Nations Assistance Mission for Iraq (UNAMI) Close Protection Officer, United Nations Assistance Mission for Iraq (UNAMI) Project Development Officer (Donor Liaison), International Organization for Migration (IOM) Project Officer (Displacement, Tracking & Monitoring (DTM)), International Organization for Migration (IOM) Consultant – Displacement Tracking & Monitoring (DTM) Information Management Officer, International Organization for Migration (IOM) Crime Scene Trainer, International Commission on Missing Persons (ICMP) Evaluation Expert/Specialist, QED Group Evaluation Team Leader, QED Group Public Administration Expert, QED Group Monitoring & Evaluation Experts on Iraq Stabilization/Reconstruction Projects, QED Group Senior Monitoring and Evaluation Specialist, QED Group Public Administration and Good Governance Expert, QED Group Livelihoods Program Manager,*Relief International ERD Cash Manager, International Rescue Committee (IRC) Communications Manager, International Rescue Committee (IRC) WASH Program Manager, Mercy Corps Programme and Partnership Manager, Goal (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 01:47 PM
    By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Protection Officer, Danish Refugee Council (DRC) Protection Assistant, Danish Refugee Council (DRC) Camp Manager, Danish Refugee Council (DRC) DMU Coordinator (Data Management Unit), International Organization for Migration (IOM) Reporting and Communication officer, United Nations Office for Project Services (UNOPS) M&E Coordinator, Norwegian Refugee Council (NRC) Logistics Assistant, World Food Programme (WFP) WASH Specialist, Mosul Response, World Vision Human Resources Manager, World Vision Health Specialist, Mosul Response, World Vision Food Assistance Project Manager, Mosul Response, World Vision Operations Coordinator, Mosul Response, World Vision Non-Food Item Specialist, Mosul Response, World Vision Last Mile Mobile Solutions Specialist, Mosul Response, World Vision Children in Emergencies Specialist, Mosul Response, World Vision Supply Chain Coordinator, International Rescue Committee (IRC) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 01:47 PM
    U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter and remotely piloted aircraft conducted 13 strikes in Syria: Near Abu Kamal, two strikes destroyed seven oil tanker trucks. Near Dayr Az Zawr, five strikes destroyed seven ISIL oil well heads and damaged two supply routes. Near Manbij, three strikes engaged three ISIL tactical units and destroyed six fighting positions, two weapons caches and a mortar system. Near Mara, three strikes engaged an ISIL tactical unit and destroyed a vehicle bomb, a vehicle and a heavy machine gun. Strikes in Iraq Attack, fighter and remotely piloted aircraft as well as rocket artillery conducted 14 strikes in Iraq, coordinated with and in support of Iraq’s government: Near Huwayjah, two strikes engaged two ISIL tactical units and destroyed a watercraft, two vehicles and a vehicle bomb. A vehicle was damaged. Near Kisik, a strike destroyed an ISIL watercraft. Near Mosul, six strikes engaged three ISIL tactical units, destroying two vehicles, two tunnels and an anti-air artillery system. Four ISIL fighting positions were damaged. Near Ramadi, a strike engaged an ISIL tactical unit and destroyed three vehicles, a heavy machine gun and an anti-air artillery system. Near Sultan Abdallah, four strikes destroyed three ISIL headquarters buildings, a weapons cache and a mortar system. Task force officials define a strike as one or more kinetic events that occur in roughly the same geographic location to produce a single, sometimes cumulative, effect. Therefore, officials explained, a single aircraft delivering a single weapon against a lone ISIL vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against buildings, vehicles and weapon systems in a compound, for example, having the cumulative effect of making those targets harder or impossible for ISIL to use. Accordingly, officials said, they do 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. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike. Part of Operation Inherent Resolve The strikes were conducted as part of Operation Inherent Resolve, the operation to eliminate the ISIL terrorist group and the threat it poses to Iraq, Syria, the region and the wider international community. The destruction of targets in Syria and Iraq further limits ISIL’s ability to project terror and conduct operations, officials said. Coalition nations that have conducted strikes in Syria include the United States, Australia, Bahrain, Canada, Denmark, France, Jordan, the Netherlands, Saudi Arabia, Turkey, the United Arab Emirates and the United Kingdom. Coalition nations that have conducted strikes in Iraq include the United States, Australia, Belgium, Canada, Denmark, France, Jordan, the Netherlands and the United Kingdom. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 01:47 PM
    By*Ali Mamouri for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.* Saudi newspapers reported Sept. 15 that Shiites are expected to replace their pilgrimage to Mecca with religious visits to Iraq’s Karbala instead. According Al-Riyadh newspaper, Iran’s Supreme Leader Ayatollah Ali Khamenei has issued a fatwa allowing “going on pilgrimage to Karbala and other holy shrines in Iraq instead of Mecca this year.” The decision came following Khamenei’s scathing comments against the Saudi royal family Sept. 7, addressing it as “a damned malicious tree” and urging the formation of a fact-finding committee to probe last year’s hajj stampede in which more than 460 Iranians were killed. Khamenei also denounced what he called the kingdom’s poor management of holy places. Last year, Iran and some other Islamic countries called for withdrawing management of the hajj from Saudi Arabia in favor of a joint Islamic management of the pilgrimage affairs. The news has gone viral in the Arab media and was taken as fact without any checking. However, no such fatwa by Khamenei has yet appeared. Al-Azhar’s Council of Senior Scholars, which is widely respected in the global Sunni community, commented, “According to Sharia, pilgrimage ought to be performed at a certain time and to a certain destination. Any visit outside this time frame and location that are set in the Sharia is not considered a valid pilgrimage no matter the fatwas issued to this effect.” The Saudi Asharq Al-Awsat newspaper reported Sept. 10 that 1 million Iranians had flocked to Karbala to perform their pilgrimage instead of visiting Mecca in the time of hajj. However, according to the Iranian consul in Karbala, there were no more than 60,000 Iranian pilgrims there at the time of the Asharq Al-Awsat report. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 01:47 PM
    By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.* Iraq is facing a humanitarian crisis with more than 3 million people displaced by fighting over the past two years. Many Arabs have found sanctuary in the northern Kurdish region. But while they’re being welcomed as guests, the region’s struggling to cope with its swelling population. Al Jazeera‘s Natasha Ghoneim reports from Shaqlawa in the Kurdish region of northern Iraq: Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 01:47 PM
    By John Lee. The*Central Bank of Iraq (CBI)*has reported that 27 banks and 15 remittance companies took part in its currency auction on Sunday. A total of $114,221,577 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Wolverine's Avatar
    Today, 01:29 PM
    Clinton voters :
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  • BatmaninIraq's Avatar
    Today, 01:00 PM
    Iraq to the whitelist financially 9/26/2016 The testimony of the highest international working groupBAGHDAD - Tariq al - Araji ,it 's time to reap the fruits of the work done by the government of the reforms and the Central Bank of the economic measures, as it plans to highest international group to monitor the money moving internationally to get Iraq out of the gray white list to which confirm confidence of the world in Iraq financially. Governor of the Central Bank on the Keywords said in a statement »Sabah»: the «central work on activating laundering office money and give him the powers of the administrative and fiscal conservative and full independence after undergoing rehabilitation capabilities of operations with international support and coordination with international organizations». he said it was «expected to qualify this thing Iraq to get out of the black danger zone , which was threatened them to get out of the gray , which is currently classified where is warned area and move to white in January, according to the financial action Task Force (fatf) ».and know FATF as« an intergovernmental body the task of studying the techniques and trends of money laundering and financing of terrorism, preparing and developing policies to combat money laundering and financing of terrorism , both domestically and internationally ».Keywords noted that this step increases the confidence of the world in Iraq , financially and economically, in addition to contributing to reduce the fiscal deficit, indicating that it (Transitional) It came after government reforms and the central bank.
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  • spacetuna's Avatar
    Today, 12:48 PM
    Magic mystery money... It's like pulling Dinars out of a hat!!!!!!! Sounds like the IMF is playing hardball with their loan money unless Iraq does a magic trick for them. http://www.mei.edu/content/article/iraq-s-shrinking-revenues-imf-and-oil-dilemma?. Iraq’s Shrinking Revenues, the I.M.F. and the Oil Dilemma By Ruba Husari | Scholar - The Middle East Institute | Sep 19, 2016. The International Monetary Fund announced in July that it has approved a three-year, $5.34 billion loan for Iraq under the Stand-By Arrangement facility, which it said was focused on “implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability.” The promised financial assistance was made conditional on—among other things—Baghdad settling all debts to international oil companies (IOCs) without adding new debts. To satisfy that condition, this would require Iraq to allocate a big chunk of its oil exports to paying IOCs at the expense of revenues to the treasury. In the current dysfunctional political system in Iraq and the low accountability among its political class, the first victim of this arrangement will be Iraq’s oil market share where it faces fierce competition from Iran and Saudi Arabia. The suggested reform program is very ambitious. It aims, according to the I.M.F., to bring spending in line with lower global oil prices, strengthen public financial management, and curb corruption, none of which the successive governments in Iraq had managed to do, or at least attempted to do. The three-year loan comes on the heels of about $1.24 billion that Iraq received in 2015 from the I.M.F. under the Rapid Financing Instrument. It is also expected to open the door for Iraq for further external financing, which, according to some estimates, could amount to another $10 billion. There are several caveats to the deal. An important one is that Iraq should pay all arrears owed to IOCs by year end and continue to be debt-free vis-à-vis those companies until the program starts. Those arrears are paid by allocating a certain number of barrels from the oil dedicated for export each month to the various developers of oil fields. Since the beginning of 2016, Iraq has allocated about 236 million barrels of crude or some 30 percent of its total exports to end August for payments to IOCs. Based on the average price Iraqi oil fetches on the market, those barrels were worth some $7.7 billion. The biggest chunk of this went to the payment of arrears to IOCs from 2015. For 2016, the Iraqi oil ministry budgeted total spending for all oilfields being developed by IOCs at $9.5 billion. This will help maintain output at close to its current levels, but not expand it significantly. Just how the I.M.F. expects Iraq to clear all arrears before the beginning of the program, and increase the spending to speed up the development of the oilfields to generate more revenue, while staying debt free, is a mystery. The terms of the 11 contracts Iraq signed with IOCs since 2009 to develop its southern oil fields requires the ministry to pay back quarterly, in kind, all the cost incurred by the companies, in addition to a fee per barrel produced. When the oil price was high, allocating the barrels was no issue. At $100 per barrel for the Brent benchmark, just 500,000 barrels of Iraqi export crude were enough to repay IOCs $1.5 billion/month. The remaining crude produced was enough to generate the revenues to satisfy Iraq’s budgetary needs. To keep payments at that rate when the oil price hit $30/barrel (or bbl), Iraq had to allocate more than three times that volume. This is more than 50 percent of its total oil exports that represent close to 90 percent of its budgeted revenues. Iraq had less oil to export and at a lower price, generating less and less revenues. Early this year, when Brent crossed the $30 bar, Iraqi crude fetched $22 and $23/bbl in January and February. In 2014 and 2015, Iraq’s exports averaged 3 million barrels per day. Thi
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  • BatmaninIraq's Avatar
    Today, 11:19 AM
    Central Bank sells gold coins commemorating its foundation Alsumaria News / Baghdad The Central Bank of Iraq, on Monday, for the sale of gold commemorative coins to mark the establishment, noting that the sale will be on Tuesday of each week. The bank said in a statement Alsumaria News received a copy of it, "he released gold coins category 250 dinars and weighing 22 grams, which is silent on the occasion of the eighth and sixtieth anniversary of the founding of the Central Bank in 1947, that have been received recently." The bank said, "citizens can buy these coins as part of the diversification of savings practices and to honor that occasion, dear," pointing out that "the sale will be on Tuesday of each week in accordance with the published rates through the branches of all licensed banks." The central bank called in, (January 7, 2016), the banks to buy gold Meskukath, and as he pointed to a specie 100 dinars a class, he stressed that the price of 720 thousand dinars.
    0 replies | 15 view(s)
  • BatmaninIraq's Avatar
    Today, 11:18 AM
    Keywords: IMF expressed satisfaction with the government's actions in the framework of financial reforms 9-25-2016 (Encyclopedia of the Day News | Iraq News ) - Keywords: IMF expressed satisfaction with the government 's actions in the framework of financial reforms
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  • millionairetobe71's Avatar
    Today, 03:59 AM
    This is the man who can and will rape your child He has raped women and a child several times in the past...and will do it again
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