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  • Wolverine's Avatar
    Today, 03:54 PM
    354 replies | 9079 view(s)
  • Investors Iraq News's Avatar
    Today, 04:01 AM
    From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqis in the holy city of Najaf are being hit hard by US sanctions on neighbouring Iran, which have forced cash-strapped pilgrims to stay at home. View on YouTube Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 24 view(s)
  • Investors Iraq News's Avatar
    Today, 04:01 AM
    By John Lee. Iraq and Jordan have signed a*a military-security cooperation agreement. The agreement aims to exchange expertise and information in the field of border protection, developing intelligence capabilities, joint military exercises, research and technology development, combating terrorism in various forms, training and development. (Source: Iraqi Ministry of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Wolverine's Avatar
    Today, 01:49 AM
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  • Screaming Eagle's Avatar
    Yesterday, 07:33 PM
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    Yesterday, 07:27 PM
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    Yesterday, 07:27 PM
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  • Screaming Eagle's Avatar
    Yesterday, 07:25 PM
    Space Debris!!!
    354 replies | 9079 view(s)
  • Screaming Eagle's Avatar
    Yesterday, 07:22 PM
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    Yesterday, 07:21 PM
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    Yesterday, 07:19 PM
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    Yesterday, 07:18 PM
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    Yesterday, 07:14 PM
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  • James's Avatar
    Yesterday, 04:50 PM
    Thanks for the explanation.
    51 replies | 3518 view(s)
  • investindinar's Avatar
    Yesterday, 02:04 PM
    crazyfrank, Beginning in July, every time I sent an email to '3044', and copied a few other addresses that I already had, I started receiving responses from only Al Wasata using an Al Warka domain! That leads me to believe that '3044' is another email address for Al Wasata. On some responses sent back to me, they seemed to be using a very generic template reminding everybody that if they didn't ask for their proxy shares to be registered with the ISX within the time limit, they would be liquidated, and that they were in the processing of finalizing ... whatever. At first I thought that this message was coming from Mr. I, whom I had included in the original 'TO' address block. However, upon closer examination, I realized that the generic message in question was coming from 'Al Wasata', not anyone else. Anyway, this hullabaloo about Al Wasata may be a bit overblown. I think Al Wasata is the new name for Al Warka Brokerage and they had to incorporate a new entity in the mix to comply with ISX requirements. investindinar
    51 replies | 3518 view(s)
  • crazyfrank's Avatar
    Yesterday, 06:23 AM
    ya know this could turn out to be really bad, quite ugly in fact.............. if there is linkage to this Al Wasata brokerage with our funds in Al Warka, this could be dam bad news. This Al Wasata brokerage is in the heart of the Gaza Strip, and those nut jobs are there cooking up a war zone attacking Syria, and Israel. The thought comes to mind where have they, or where/how are they still continuing to getting funding for all that crap?
    51 replies | 3518 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 04:00 AM
    This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. By Kamal al-Ayash. As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border CrossingOpening the Arar border crossing on Iraq’s border with Saudi Arabia could help locals economically. But analysts say it’s also about international influence. “Work is underway to re-open Arar for commercial purposes before the upcoming Haj season in a manner that benefits both Iraq and Saudi Arabia,” said Abdul Aziz al-Shammari, the Saudi ambassador to Iraq. In a televised interview announcing that the border crossing is to be permanently opened, he said that the Iraqi and Saudi sides have agreed on everything required for the reopening of the crossing for commercial purposes. This is not the first time that Saudi Arabia announced its approval for the reopening of the border crossing, and with every such announcement voices supporting normal relations with Saudi Arabia are heard. Local residents also say the border crossing opening will boost economic recovery in the area. However, the issue of ownership of the border crossing remains a significant stumbling block: It is located within the borders of the Nukhayb district, approximately 300 kilometres southwest of Ramadi, which is in the Anbar province . The Nukhayb district was created in 1960 and remained part of Anbar province’s Rutba district until 1978 when it was annexed to Karbala for 14 months. It was returned to the Anbar province in 1979 as a result of a crisis between the local population of the Nukhayb district and Ahmad Hassan al-Bakr, a former President of Iraq, after which it became a separate district in 2016, following a vote by Anbar provincial council members. The Arar crossing point is located on the Iraqi-Saudi border, 97 kilometres southwest of the Nukhayb district, and since 2003 has officially only opened during the pilgrimage season so that Iraqi pilgrims can travel to the holy site of Mecca in Saudi Arabia. The border crossing has two routes; the first passes through the Karbala province and the second passes through the Anbar province. The local government in the Anbar province highlights the success of its security and service operations every pilgrimage season, while at the same time stressing that this is done without financial allocations to the border crossing. It is also a way of confirming its ownership of the Nukhayb district and the Arar border crossing. Taha Abdul Ghani, a member of the Anbar provincial council, told NIQASH that “no province other than Anbar has the right to administrate the Arar border crossing, as all documents prove that the Nukhayb district and Arar border crossing fall within the administrative borders of the Anbar province. Any other claim is a slander and a violation of Anbar’s rights.” “Anbar province has administrated the Nukhayb sub district for 15 years. It allocated huge amounts of money to services and projects in the Nukhayb district in support of all sectors, as well as for logistical services to ensure the success of security plans and the travel of pilgrims through the Arar border crossing.” In addition to its importance for commercial and tourism purposes, the Saudi-Iraqi border crossing is significant for various local and international political parties for political and security reasons. Observers and experts say that any developments related to the Nukhayb district tend to increase tensions and they stress that economic issues are not the only reasons. “Controlling the Nukhayb district and the Arar border crossing from the Iraqi side has one specific reason,” retired military man, Mohammed Kartan explains. “Anbar wants to maintain the border crossing with its Sunni environment, specifically the Gulf, and Karbala and Najaf want to impose their control and influence to isolate Sunni elements from their support in the Gulf. “Whoever controls the Jdaidet Arar border crossing and the Nukhayb district controls important transportation routes between Iraq and Syria that were created when the Islamic State group occupied most of the cities of the Anbar province. These routes were created in an attempt to find alternative ways to bring financial and logistical support to Syria without having to pass through extremist-occupied areas.” The reopening of the border crossing could serve as an important outlet for Iraqi and Saudi trade, but it is a painful economic blow to Iranian trade, which heavily and directly depends on the Iraqi market. Kareem al-Nouri, a leader of the popular crowd forces, told NIQASH that “if we assume good intentions on the part of Saudi Arabia, the decision to resume business permanently at the Arar border crossing is a good and useful decision which restores relations between Iraq and Saudi Arabia. However, we believe that the decision is of a political nature and its timing is not appropriate, especially with the US sanctions on Iran.” “The opening of the border crossing, which is located in a sensitive and important city that is still categorised as a disputed area, could trigger a real crisis that may evolve into a conflict,” al-Nouri said. “Announcing the opening of the border crossing at this time is not a popular decision and it should be reconsidered.” Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 39 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 04:00 AM
    DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of USD 289 million which were up 83 percent from the same period last year. The Company also reported a net profit of USD 61 million and free cash flow of USD 142 million during the first half of the year. “With growing production and robust and reliable revenues, the dividend announcement underscores confidence in our strong growth prospects,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani (pictured). “Kurdistan is back and so is DNO,” he added. The Company continues to ramp up activity in the Kurdistan region of Iraq, where fast track development of the Peshkabir field is expected to boost output by another 15,000 barrels of oil per day (bopd) to 50,000 bopd by yearend. The Company, the most active driller in Kurdistan, has three rigs operating across its licenses with a fourth to be added next month. Two rigs will be active at the flagship Tawke field to reverse natural field decline through workovers and the drilling of two wells in the main Cretaceous reservoir and two wells in the shallow Jeribe reservoir. Operations will commence at the Baeshiqa license with another rig to be mobilized to spud the first well in September as part of a back-to-back, three-well exploration program. DNO acquired a 32 percent interest in and operatorship of the Baeshiqa license last year, joining ExxonMobil (32 percent), the Turkish Energy Company (16 percent) and the Kurdistan Regional Government (20 percent). At Peshkabir, the fourth rig will spud Peshkabir-8 in 10 days followed by Peshkabir-9 in October. Early production and successful appraisal have raised previous field proven (1P) and proven and probable (2P) reserves. Two newly completed wells, Peshkabir-6 and Peshkabir-7, will commence testing by the end of this month before being placed on production. Peshkabir-6 is key to unlocking further Cretaceous and Triassic reserves. “Peshkabir is proving prolific in production and has generated over USD 300 million in gross revenue since startup last year or three times the investment,” said Mr. Mossavar-Rahmani. Elsewhere, DNO recently completed the sale of its Tunisia assets and relinquished Block SL18 in Somaliland as part of the Company’s ongoing rationalization of its portfolio through divestment of non-core assets and focus on expanding operations in Kurdistan and Norway. Offshore Norway, the Company recently added six new exploration licenses for a total of 21 licenses and plans to participate in one exploration well in the fall, followed by at least five wells next year. DNO retains indirect interests in North Sea assets through its 28.23 percent strategic stake in Faroe Petroleum plc and, given the size of its shareholding, will request seats on the board and has asked for an extraordinary general meeting to be called for this purpose. DNO exited the second quarter with a cash balance of USD 584 million in addition to USD 288 million in marketable securities and treasury shares. The Company’s outstanding bond debt stands at USD 600 million. The planned annual dividend distribution of NOK 434 million (USD 50 million equivalent), payable in two tranches, is subject to shareholder approval. To facilitate the distribution of the planned dividend, the DNO Board of Directors will convene an extraordinary general meeting on 13 September 2018 (i) to seek approval for payment of a dividend of NOK 0.2 per share in H2 2018 to be distributed to shareholders of record on 13 September 2018 (as registered in the VPS on 17 September 2018), and (ii) to seek authorization to approve an additional dividend payment of NOK 0.2 per share in H1 2019. (Source: DNO) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 45 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 04:00 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Aug 2018). Note: ISX will be closed starting from Aug. 21, 2018 to Aug. 26, 2018 due to the religious holiday of Eid Al-Adha. The next session will be held on Monday, Aug. 27, 2018. Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD729 (.1.9%) / $779 (-2.3%) (weekly change) (-10.1% and -6.8% YTD change, respectively). The number of week traded shares was 22.1bn and the weekly trading volume was IQD8.9bn ($7.4 mn). ISX Company Announcements Chairman of Iraqi Securities Commission (ISC), Abdul Razzaq Al-Saadi, said during an interview with newspaper Al Sabah that the obstacles of the work of the Commission is the absence of a modern law that suits the international laws, so the Commission has worked to prepare a law for it, and has completed 85% of it. He stated that within six months the law will be completed and sent to the House of Representatives. He pointed out that this law allows the development of work and the adoption of new systems, most importantly corporate governance, which are the most important pillars to attract foreign investors. (ISC) The Central Bank of Iraq (CBI) has been awarded the ISO 9001: 2015 certification in the Quality Management System (LMS Certification) by the British LMS Certification. (CBI) Al-Zawraa for Financial Investment (VZAF) will hold an AGM* on Sep. 25, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of VZAF starting Sep. 20, 2018. Bank of Baghdad (BBOB) will hold an AGM* on Sep. 17, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of BBOB starting Sep. 11, 2018. Al -Hilal Industries (IHLI) will hold an AGM* on Sep. 9, 2018 to discuss and approve 2016 annual financial results. The company has been suspended from trading since Jul. 4, 2018 by an ISC decision. Modern Chemical Industries (IMCI) will hold an AGM* on Aug. 31, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of IMCI starting Aug. 28, 2018. Region Trade Bank for Investment and Finance (BTRB) will hold an AGM* on Aug. 29, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of BTRB starting Aug. 20, 2018. Iraqi Engineering Works (IIEW) will resume trading on Aug. 19, 2018 because the company fulfilled ISX request to disclose its 2017 annual financial results. Al-Khair Finacial Inv. (VKHF) will hold an AGM* on Aug. 28 to discuss and approve 2015 and 2016 annual financial results and to elect five new original and alternative BoDs. The company has been suspended since Jul. 6, 2017 by an ISC decision. Modern Sewing (IMOS) resumed trading on Aug. 13, 2018 after discussing and approving 2017 annual financial results and to distribute 15% cash dividend (IQD0.15 dividend per share, 3.2% dividend yield). ISX announced that Trust International Islamic Bank (BTRU), having a capital of IQD250 bn paid-in capital, has completed the listing procedures. BTRU started trading in the non-regular market starting Aug. 12, 2018. Cross Transactions: 18.7 bn shares of Al-Noor for Money Transfer Co. (MTNN) on Aug. 15, 2018, which represents 41.6% of MTNN capital. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 57 view(s)
  • crazyfrank's Avatar
    Yesterday, 12:21 AM
    ok now this is a new concept, that the 3044 address is actually this Al Wasata brokerage, what makes you say this?
    51 replies | 3518 view(s)
  • investindinar's Avatar
    08-16-2018, 07:53 PM
    I've been trying to communicate with the Al Wasata and Al Warka folks for some time now, but somehow I can't help but get the feeling that there's some sort of disconnect between the two. Even though I've sent messages asking about the status of my request to have all of the shares held in proxy by Al Warka sent to ISX as per the original notification in January, I haven't received a clear answer about whether or not they were transferred, and what the new ISX registration number is. I've received a few messages from Mr. I, but his messages seem to indicate that all of my proxy shares were liquidated, and not transferred over to the ISX, and I was wondering how could that be if I submitted and sent everything they requested over to them on time? Al Wasata on the other hand, appears to be using the same '3044' address that Al Warka instructed everyone to use in relation to communicating back and forth regarding share transfers. I'm so confused at this point, this that I don't what to do or think except wait. Maybe we'll have a firm answer on the whereabouts of the proxy shares, when to start trading again and with whom, and when we can start making withdrawals from our accounts, in another year! I wonder if anyone else has had any luck finding out where their shares are after Al Warka announced they were liquidating shares if the proper paper work was not completed and submitted by the extended 30 day deadline? Has anyone in this forum had any luck in getting Al Warka to respond to the original request to have their proxy shares transferred and have they received a new ISX registration number with their shares transferred to the new ISX registry? Any information and/or responses to this issue would be greatly appreciated. investindinar
    51 replies | 3518 view(s)
  • crazyfrank's Avatar
    08-16-2018, 03:41 PM
    Yes I would agree that is another very valid purpose for this imagery change on display. Additionally looking at the actual progression of the change, I tend to look behind the scenes of what has occurred. If I am reading too much into this let me know. As it was an sudden and immediate change, that they were motivated to make all of a sudden. As we all know the CBI is very deliberate on making any change. You can see that by the serial numbers of the imagery they chose to use for this display. If it had been a planned event they would have had on hand the initial "specimen" runs to use for this display, and they would have been very low serial numbers, for example they may have been s/n 0001 or such. What we do see are the higher serial numbers on display, as some are s/n 800 to s/n 1700. So I assume they did not plan for this imagery change. This to me indicates that they physically had this "specimen" version of the currency for some time now, and no longer physically have the lower serial numbers in their possession for such display uses any longer. They used what ever they had on hand at that moment in time. The lower serial numbers have already been issued out, and they continue to issue them out to banks for verification purposes. There is no way to see now what the most recent serial numbers are, but its safe to assume they are much higher now in the series run by now. So if this assumption is correct, then its good news in a way, as it may indicate they had already begun possibility preparing other banks (domestic or foreign) for ground level IQD currency negotiation, well prior to this new imagery display change activity.
    5 replies | 328 view(s)
  • dollarsign's Avatar
    08-16-2018, 12:27 PM
    https://cbi.iq/news/view/820
    123 replies | 18960 view(s)
  • dollarsign's Avatar
    08-16-2018, 12:25 PM
    . Extracting NSI files and sending them through theRTGS system and following up on their adjustments to maintain the continuity of the connection with the total system of real-time adjustments or any clearing and settlement system to be determined. Receipt of the net files of the participants' shares and subsequent reconciliation and settlement. ​$
    123 replies | 18960 view(s)
  • Investors Iraq News's Avatar
    08-16-2018, 04:04 AM
    By John Lee. A former under-secretary at Iraq’s Ministry of Finance has said that* ministry has said that US sanctions on Iran will impact trade activity between Iraq and Iran and, should they persist, they will damage Iraq’s economy. Fadhil Nabi told Rudaw: “America’s sanctions on Iran will have impact on trade exchange and activity between Iraq and Iran as there is sizeable trade between the two countries in terms of oil and gas.” According to the report, while countries are yet to sever trade ties, the impact is already being felt on Iran’s economy, with the rial rapidly losing value. More here. (Source: Rudaw) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 48 view(s)
  • Investors Iraq News's Avatar
    08-16-2018, 04:04 AM
    By John Lee. Iraq will reportedly reduce its visa charges for Iranian pilgrims later this year. According to the report from Associated Press, the reduction will only apply to pilgrims of the “Arbaeen,” the anniversary of the passage of 40 days after the death of Shiite Imam Hussein, the Prophet Muhammad’s grandson. Visas normally cost $40, but it was not reported what the new price will be. (Source: AP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 57 view(s)
  • Investors Iraq News's Avatar
    08-16-2018, 04:04 AM
    The Federal Republic of Germany supports joint Ministry of Interior and UNMAS training to respond to explosive hazardsThis week marked the beginning of a 75-day training course in Anbar jointly organized by the Ministry of Interior and the United Nations Mine Action Service (UNMAS). This course will be the first of its kind, with Iraqi Police instructors and UNMAS instructors working closely side-by-side to train local police in explosive ordnance disposal (EOD) and improvised explosive devices disposal (IEDD). Explosive hazards continue to pose a significant risk for people returning to their homes, as well as for the security services providing the initial response to the explosive threat. Displaced people who are returning to former battle areas are likely to encounter explosive hazards. One of the options available to them is to contact local police who, in turn, will be the first responders. The presence of trained local police contributes to a safer environment and mitigates the risks of casualties amongst returnees. “Explosive hazard clearance remains of the utmost importance in order to allow displaced people to return to their homes. Such clearances are a vital part of our stabilisation efforts” said Dr Cyrill Jean Nunn, Ambassador of Germany to Iraq. “Therefore Germany remains committed to supporting UNMAS in this important task.” “Capacity enhancement support to enable local police response to explosive hazards is critical for the re-establishment of rule of law in liberated areas” said. Mr. Pehr Lodhammar, UNMAS Senior Programme Manager. “Germany is a crucial partner for supporting explosive hazard management training and providing advice to the Government of Iraq.” The generous contribution of EUR 4.5 million from the Federal Republic of Germany allows UNMAS to provide training and advice to National Mine Action Authorities and the Ministry of Interior to mitigate the threat from explosive hazards. This also includes a dedicated Gender Advisor who is working with relevant stakeholders (implementing partners and authorities) to mainstream gender into Mine Action processes. UNMAS continues to train local police to provide life-saving first response in affected communities. Since January 2018, more than 370 police officers have been trained as first responders and 30 police officers are now able to train other police officers in Anbar and Kirkuk Governorates. The Federal Republic of Germany remains the largest contributor to UNMAS in Iraq, providing a total of EUR 44.2 million since 2016. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 60 view(s)
  • BatmaninIraq's Avatar
    08-16-2018, 02:24 AM
    Our beautiful Arab capital, Baghdad, is preparing to celebrate its new era. A few hours away from the big event is the opening of the Baghdad project, which will turn the squares of Baghdad into beautiful oases and bright and shining in order to restore joy and smile on the lips of our great Iraqi people. The various countries of the world are making use of success experiences in various areas of life. They were the basis for the social construction of their peoples and their economic and social development. The important reason for this was the emergence of successors and innovators in the economic, financial and social conditions and crises in their countries. They are doing exceptional, creative and intellectual efforts to serve their country and their people. And these successful experiments recorded their clear creations on the spread of happiness and well-being of their communities and they are now symbols of building and growth and economic development and civilization in Iraq and the most creative and national realists. The same steps of the success and creativity makers in the world especially as Iraq is currently going through economic and financial crises and humanity is in need of creative and intellectual at home and abroad, who proved their competence and patriotism and love for Iraq and its people. These men actually appeared to work to build Iraq again was the adoption of Professor Central Bank Governor The Iraqi Professor Ali Mohsen Al – Alaq and the Central Bank Administration invited the great musician Naseer Shamma in the Baghdad project and supported and supported by the Association of Iraqi private banks and its president, Wadih al – Hanal and funded by private Iraqi banks and one government bank and the adoption of the magazine The Ministers, in coordination with the Municipality of Baghdad and under the supervision of the Central Bank of Iraq, is a real beginning for the new development structure of Iraq after a great support, confidence and confidence in our original Iraqi creators and our Iraqi private banks because the new Iraq is for its sons only its nascent sons. Iraq News Source:
    142 replies | 21723 view(s)
  • Mo Dinar's Avatar
    08-15-2018, 11:30 PM
    Me thinks it is more of a anti-counterfeiting effort in case someone decides to 'screen print' with a color printer and pass them off!
    5 replies | 328 view(s)
  • crazyfrank's Avatar
    08-15-2018, 08:06 PM
    well something or somebody obviously pushed them into making these sudden updates/improvements, and its quite possible it may have something to do with that ISO 9000 certificate you posted yesterday.
    5 replies | 328 view(s)
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