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  • Investors Iraq News's Avatar
    Today, 04:31 PM
    By John Lee. Oil Minister Jabar Ali al-Luaibi has transferred ownership of nine state-owned oil companies from the Ministry of Oil to the newly-created Iraqi National Oil Company (INOC). The Minister is also the President of INOC. The companies transferred to INOC ownership are: Iraqi Oil Exploration Company Iraqi Drilling Company (IDC) State Oil Marketing Organization (SOMO) North Oil Company (NOC) Midland (Middle) Oil Company Basra Oil Company (BOC) Dhi Qar Oil Company (DQOC) Missan Oil Company (MCO) Iraqi Oil Tankers Company (IOTC) IBN Expert Blogger Ahmed Mousa Jiyad has described the new company as “dysfunctional, unconstitutional and disintegrative“. (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 11 view(s)
  • Investors Iraq News's Avatar
    Today, 04:31 PM
    The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions today on Afaq Dubai, an Iraq-based money services business (MSB) that has been moving money for the Islamic State of Iraq and Syria (ISIS). Today’s designation follows action taken by the Department of Defense—announced on October 11—against a key ISIS financial facilitation group.* This MSB is a part of ISIS’s financial network that includes an array of other MSBs, hawalas, and financial facilitators in the Middle East. OFAC named Afaq Dubai as a Specially Designated Global Terrorist pursuant to Executive Order 13224, for assisting in, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, ISIS.* Contrary to what the name may imply, this MSB is located in Iraq and does not have any branches in the United Arab Emirates. “This Iraq-based MSB is a part of ISIS’s complex network of money services businesses, hawalas, and financial facilitators funding terrorism across the Middle East.* We are targeting this network in concert with the Department of Defense as part of this Administration’s ongoing campaign to cut off ISIS’s ability to launder money and move illicit funds,” said Sigal Mandelker, Treasury Under Secretary for Terrorism and Financial Intelligence.* “Even as ISIS’s hold on territory is eliminated, we will continue to search for and shut down the illicit financial networks ISIS utilizes to fund terror attacks and sustain operations.” Today’s action is a continuation of Treasury’s ongoing efforts to shut down financial facilitators and MSBs worldwide that move money on behalf of ISIS.* It follows the designation of two ISIS financial facilitators in September with ties to the Caribbean and the Middle East.* In December 2016, OFAC designated Selselat al Thahab Money Exchange in Iraq, ISIS*financier Fawaz Muhammad Jubayr al-Rawi, and his company, the Hanifa Currency Exchange in Albu Kamal, Syria.* Prior to his death, al-Rawi used the Hanifa Currency Exchange in Albu Kamal, Syria and a global network of financiers to move millions of dollars on behalf of the terrorist group. OFAC closely coordinated today’s designation with the Combined Joint Task Force-Operation Inherent Resolve (CJTF-OIR), which released details on October 11 regarding its joint action against members of a key ISIS financial facilitation group, who leveraged this MSB as part of its operation.** Coordinated actions such as those conducted by DoD and Treasury this week disrupt and curtail ISIS’s logistical infrastructure, recruiting, and revenue generation. As a result of today’s action, all property and interests in property of Afaq Dubai subject to U.S. jurisdiction are blocked and U.S. persons are generally prohibited from engaging in transactions with them. DESIGNATED TARGET Afaq DubaiAfaq Dubai was designated for assisting in, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of ISIS. Afaq Dubai — which is located in Iraq — is part of a network of ISIS-associated money services businesses and financial facilitators in the Middle East.* It is run by two ISIS financiers, and, as of early 2018, laundered money for ISIS and provided money to ISIS families. In May 2018, a Jordan-based ISIS financial facilitator deposited $3 million from Iraqi dinar into three exchanges, including Afaq Dubai. Identifying information on the entity designated today. (Source: OFAC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 14 view(s)
  • Investors Iraq News's Avatar
    Today, 04:31 PM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th October 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD634 (-3.8%) / $678 (-3.8%) (weekly change) (-21.6% and -18.9% YTD change, respectively). The number of week traded shares was 148.2 bn and the weekly trading volume was IQD55.5 bn ($45.7 mn). ISX Company Announcements Mosul Bank (BMFI) held an AGM* on Oct. 18, 2018 to discuss and approve 2017 annual financial results. ISX suspended trading of BMFI starting Oct. 15, 2018. Iraqi Middle East Investment Bank (BIME) resumed trading on Oct. 15, 2018 due to disclosing 2017 annual financial results. ISX requested AL-Sadeer Hotel (HSAD) to provide a subscription letter on the shares issued on Oct. 15, 2018 after the company’s decision to increase capital from IQD1.239 bn to IQD1.735 bn through 40% rights issue. The Companies’ Registrar announced on Oct. 9, 2018 that the transfer process of the management center of Cihan Bank for Islamic & Finance (BCIH) from Baghdad to Erbil has been completed. The Companies’ Registrar requested a copy of the new adjusted contract. Cross Transactions: 145.9 bn shares of Zain Al-Iraq Islamic Bank for Investment (BZII) (on Oct. 15 and Oct. 18, 2018) which represent 58.2% of BZII capital. 300 mn shares of Iraqi Agricultural Products Marketing Meat (AIPM) (on Oct. 17, 2018) which represents 6% of AIPM capital. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 12 view(s)
  • Investors Iraq News's Avatar
    Today, 04:31 PM
    By John Lee. The United Nations has advertised new positions in Iraq: Food Security and Livelihoods Program Manager, Triangle Génération Humanitaire (TGH) Programme Associate, UNAMI – United Nations Assistance Mission for Iraq Information Management Officer, UNAMI – United Nations Assistance Mission for Iraq STTA Sexual and Gender-Based Violence Advisor, Global Communities Sexual and Gender-Based Violence Program Coordinator, Global Communities Field Program Coordinator – North-East, Humanity and Inclusion (HI) Logistics Coordinator, Humanity and Inclusion (HI) Prosthetics & Orthotics Technical Advisor, Humanity and Inclusion (HI) (Source: UN) (Picture: Finger pressing a new career start button, from Olivier Le Moal/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 9 view(s)
  • Investors Iraq News's Avatar
    Today, 02:23 PM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Coordinator, Première Urgence Internationale (PUI) Technical Project Engineer, IOM – International Organization for Migration Local Security Assistant, IOM – International Organization for Migration Project Officer (Enterprise Development Fund Management), IOM – International Organization for Migration Programme Coordinator (Economic Recovery), IOM – International Organization for Migration Assistant Data Analyst (Quantitative data), UNAMI – United Nations Assistance Mission for Iraq National Consultant, UNAMI – United Nations Assistance Mission for Iraq National Information Management Officer (Shelter Cluster), UNAMI – United Nations Assistance Mission for Iraq Grants and Donor Compliance Coordinator, Oxfam Peacebuilding Program Manager, Catholic Relief Services (CRS) (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 14 view(s)
  • calstar's Avatar
    Yesterday, 09:09 PM
    calstar replied to a thread 10-18-2018 in Warka Bank News
    Wow, I guess we are in the same boat :rolleyes:
    3 replies | 138 view(s)
  • mike032588's Avatar
    Yesterday, 07:06 PM
    mike032588 replied to a thread 10-18-2018 in Warka Bank News
    lol the iraqis are screaming for their money... what about us lol they sold all my shares i brought over 3 years 06 to 12... grimy... and now i cant even get the cash lol what the hell mang
    3 replies | 138 view(s)
  • crazyfrank's Avatar
    Yesterday, 06:14 PM
    crazyfrank replied to a thread 10-18-2018 in Warka Bank News
    ok these peeps look like they know something, and have something to say but is written in that sideways text, anyone able to decyper any of this?
    3 replies | 138 view(s)
  • dollarsign's Avatar
    Yesterday, 05:52 PM
    Type Public Industry Oil and gas industry Founded 1966 Headquarters Baghdad, Iraq Products Petroleum Natural gas Petroleum products Owner President of Iraq The Iraq National Oil Company (INOC) was founded in 1966 by the Iraqi government. It was empowered to operate all aspects of the oil industry in Iraq except for refining which was already being run by the Oil Refineries Administration (1952) and local distribution which was also already under government control. In its first years of sole control, INOC managers succeeded in raising production in Iraq from 1.4 million barrels per day (220,000 m3/d) to over 3 million barrels per day (480,000 m3/d) in 1980. But the outbreak of war with Iran that year severely hit capacity. In April 1987, under newly appointed oil President Asfhaq ul Rasheed, Decree 267 merged the INOC with the oil ministry, which became the direct operator in the industry as well as its regulator. At an operational level, the single national-level company was broken into a series of regional companies, the largest among them being North Oil Company, based in Kirkuk, and South Oil Company, based in Basra. It only takes a little of your time to match the dates, and production numbers from this information, to the exchange rates to the dollar back then. Keep in mind that saddam did not come to power until 1979, so he couldn't have had any influence over the rate prior to that year. it just looks really good right now... $
    161 replies | 26159 view(s)
  • dollarsign's Avatar
    Yesterday, 03:55 PM
    Iraq transfers ownership of nine state oil companies to new National Oil Company ERBIL, Iraq (Reuters) - Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO, from the oil ministry to the newly-formed National Oil Company which he also heads, a ministry spokesman said on Thursday. The nine companies included in Thursday’s decision are SOMO, the Iraqi Oil Exploration Company, the Iraqi Drilling Company, the North Oil Company, the Midland Oil Company, Basra Oil Company, Dhi Qar Oil Company, Maysan Oil Company and the Iraqi Oil Tankers Company. Luaibi took the decision in his capacity as National Oil Company chief, not minister, according to a statement by spokesman Asim Jihad. The decision will be “followed by others within the same framework,” Jihad said. playtime appears to be over... $
    161 replies | 26159 view(s)
  • dollarsign's Avatar
    Yesterday, 10:54 AM
    The Treasury's Office of Foreign Assets Control added Afaq Dubai to its list of specially designated global terrorists for 'assisting in, sponsoring or providing financial, material or technical support' for the Islamic State group, the department said in a statement. The Treasury action followed a Pentagon decision on Oct 11 targeting a financial group supporting Islamic State. The Treasury said the moves are part of a broader US effort to target a network of money services businesses that enable Islamic State to carry out operations across the Middle East. In September, the Treasury took action against Islamic State financial facilitators with ties in the Caribbean and the Middle East. It took action against a money exchange group in Syria in December 2016. The Treasury said Afaq Dubai is located in Iraq and does not have branches in the United Arab Emirates, despite its name. Joining iranian and north korean entities who can't cash in for Dollars... $
    161 replies | 26159 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 06:15 AM
    By John Lee. Germany’s Siemens may have to share a $15-billion contract to supply power-generation equipment to Iraq with US rival General Electric (GE). The Financial Times reports that although it appeared that Siemens would win the deal, the Trump administration successfully intervened on behalf of GE. Last month German business newspaper Handelsblatt reported that Chancellor Angela Merkel had personally intervened with Prime Minister Haider al-Abadi to persuade the Iraqi Government to award the contract to Siemens. (Source: Financial Times) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 44 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 AM
    Iraq Britain Business Council completes productive trade mission to BaghdadIBBC recently completed a productive mission to Baghdad, meeting with high-level government officials and British authorities in Iraq. Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq led the delegation alongside Mr Rasmi Al Jabri, Deputy Chairman of IBBC, Mr Christophe Michels, Managing Director of IBBC and Mr Vikas Handa, IBBC representative in the GCC. IBBC was joined by numerous member representatives, including from Al Bilal Group, Al Burhan Group, Al-Nukhba OFS, ARCHS, Constellis, Dar Group, EY, Gulftainer, G4S, Khudairi Group, International Islamic Bank, Kuwait Energy, Management Partners, Menzies Aviation, Mosul University, National Bank of Iraq, Ratba’a Contracting, Serco, Shell, Standard Chartered Bank and Turnkey LLC. The delegation visited soon after the election of President Dr Barham Salih, who took time out of his busy schedule to meet Baroness Nicholson and the IBBC leadership who were joined by HMA Jon Wilks. Dr Salih has been a close friend of the IBBC for many years and recently spoke at the IBBC Cumberland Lodge Conference in July. On Sunday 7 October the delegation held meetings with the Governor of the Central Bank of Iraq, Mr Ali Mohsen Ismael Al Alaq, H.E. Mr Adbuallah Luabea the Deputy Minister of Transport, Mr Fayadh Neema, Senior Deputy Minister of Oil and Dr Sami Al Araji, Chairman of the National Investment Commission. The delegation were hosted by the Iraqi Federation of Chambers of Commerce in the evening for dinner. On Monday the delegation met with Dr Mehdi Al Alak, Secretary General of the Council of Ministers, Dr Hameed Ahmed Deputy Chairman of the Council of Ministers, Dr Sabah Mushatat, Economic & Investment Advisor to the Prime Minister of Iraq, Dr Mudher Mohammed Saleh, Finance Advisor to the Prime Minister of Iraq and with Ján Kubiš Special Representative of the Secretary-General and Head of the United Nations Assistance Mission for Iraq. *In the evening Ambassador Jon Wilks hosted a reception for the delegation and Iraqi dignitaries at his residency. Before leaving Iraq, Christophe Michels visited Serco, who are working with the Iraqi Civil Aviation Authority at Baghdad International Airport. Serco supports the Iraqi authorities in managing the entire spectrum of air traffic control in Iraq including the increasing number of international overflights. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 37 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 AM
    By John Lee. A Spanish company has won a tender to supply and deliver digital colour doppler ultrasound system to the*International Atomic Energy Agency (IAEA) in Iraq. The value of the contract with Semitek Group – David Garcia Arribas has not be disclosed. (Source: UNGM) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 38 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 AM
    By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Nadia Murad, the Iraqi Yazidi, has been awarded the 2018 Nobel Peace Prize. This has raised the expectations and hopes of Iraqi minorities, especially Yazidis, since she is the first Iraqi to win the prize. Iraqi political leaders welcomed the award*as a tribute to the struggle of the Iraqi people against terrorism and extremism. Iraqi President Barham Salih called Murad*on Oct. 5*to congratulate her on the award. The president said the prize was a tribute to the Iraqis’*struggle and steadfastness. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:55 AM
    By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. IRGC masses troops on Iraq border amid rising tensions with Kurdish groupsIran’s Islamic Revolutionary Guard Corps (IRGC) is launching increasingly daring operations to degrade the capabilities of armed Kurdish opposition groups. In its latest move, it has deployed thousands of troops to difficult mountain ranges in the western part*of the country used as safe havens by the*groups for decades. The IRGC’s operations have taken on an air of urgency since US*President Donald Trump’s May 8 announcement that he was withdrawing*the United States from the Joint Comprehensive Plan of Action, the nuclear deal between Iran and six world powers,*and re-imposing sanctions against Iran. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 44 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 02:49 AM
    OFFICIAL GAZETTE Issue No. (4512) of the Iraqi fact sheet in 2018/10/15 2018-10-16 01:29:00 1. Presidential decree No. (71) for the year 2018 ( appointment of Dr. Barham Ahmed Saleh as President of the Republic of Iraq). 2. Presidential decree No. (72) for the year 2018 ( referring to Dr. Mohamed Fuad Masoum Khader, former President of the Republic of Iraq to retirement). 3. Republican Decree No. (73) for the year 2018 ( referral of Mr. Nuri Kamal al - Maliki , Vice President of theRepublic to retirement). 4. Republican Decree No. (74) for the year 2018 ( refer Mr. Osama Abdul Aziz Najafi , Vice President of theRepublic to retirement). 5 - Presidential Decree No. (75) for the year 2018 ( transfer of Dr. Ayad Hashim Allawi, Vice President of the Republic to retire). Those wishing to acquire the Iraqi facts can review the Iraqi Fact Department located in Salihiya / Haifa Street (Ministry of Justice Building) to register for the newspaper and obtain the required number.
    163 replies | 26613 view(s)
  • BatmaninIraq's Avatar
    Yesterday, 02:47 AM
    In pictures .. Claims to spend money held with the Warka Bank in Baghdad A number of citizens demonstrated in Baghdad on Wednesday in Al-Rasheed Street in the center of the capital to demand their money "held" at the Warka Bank in the capital. A reporter for Alsumaria News, said that a number of citizens demonstrated today, in the area of ​​Rashid Street in front of the Central Bank of Iraq's central Baghdad, to demand the release of their money held with the Warka Bank in the capital. The protesters confirmed that their money had been in the bank for eight years.
    3 replies | 138 view(s)
  • dollarsign's Avatar
    Yesterday, 01:35 AM
    a lot of things have happened since Aug. 14th (pg. 13 of this thread), that only that kind of power can initiate Rich man. we will all stay tuned... $
    161 replies | 26159 view(s)
  • rich man's Avatar
    10-17-2018, 10:22 PM
    WOW.... http://www.fatf-gafi.org/publications/fatfgeneral/documents/plenary-october-2018.html
    161 replies | 26159 view(s)
  • Wolverine's Avatar
    10-17-2018, 03:08 PM
    409 replies | 15623 view(s)
  • Investors Iraq News's Avatar
    10-16-2018, 11:11 PM
    For hundreds of millions of families around the world, the recent Eid celebrations were a time for family, friends, joy and celebration. A time of prayer, exchanging gifts, embracing the wider community and extending to others their religious generosity. But for millions more, particularly widows and children, there could be no celebration as they continued their battle against war, hunger, disease. In Iraq alone, there are one million widows and, tragically, more than four million orphans. AMAR International has been delivering urgent medical and educational support in the Middle East for the last 26 years. Using a staff comprised almost entirely of national professionals and volunteers, they have treated more than 10 million patients and have opened 46 medical centres across Iraq. To commemorate this Summer’s Eid al-Fitr and Eid al-Adha, we are launching an urgent appeal for emergency funds to help many more people in desperate need of your support. Please donate by clicking here, or by using this donation form. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 66 view(s)
  • Wolverine's Avatar
    10-16-2018, 12:26 PM
    409 replies | 15623 view(s)
  • dollarsign's Avatar
    10-16-2018, 11:53 AM
    FATF President... Mr. Marshall Billingslea of the United States assumed the position of President of the FATF on 1 July 2018. Mr. Billingslea serves as the US Department of the Treasury’s Assistant Secretary heading the Office of Terrorist Financing and Financial Crimes. In this role he is responsible for policy development and international engagement pertaining to anti-money laundering and countering the financing of terrorism. Previously, Mr. Billingslea served as a Managing Director at Deloitte, responsible for its Federal Business Intelligence Services group, And, slightly back then... Iraqi Kurdistan generated $1.663 bln from oil sales in 2018’s first quarter: Deloitte Posted on August 14, 2018 by Editorial Staff in Economy, Economy, Oil & GasDeloitte’s offices in London. Deloitte is the Iraqi Kurdistan’s oil auditing firm. Photo: AFP HEWLÊR-Erbil, Iraq’s Kurdistan region,— Iraqi Kurdistan Regional Government (KRG) generated more than $1.663 billion USD in revenue from oil sales in the first three months of 2018. The KRG has released a report prepared by Deloitte on oil production, export, consumption, and revenue in the Kurdistan Region between January 1 and March 31 of this year. Iraqi Kurdistan signed a contract with the international audit firm on October 5, 2015 to examine oil production and revenue in an effort to improve transparency. like a swiss watch... $
    161 replies | 26159 view(s)
  • Investors Iraq News's Avatar
    10-16-2018, 04:09 AM
    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. British Ambassador Jonathan Wilks warned at a press conference last month that, at its current rate of growth,*Iraq’s population would increase*by a million people per year. Iraq’s Central Statistical Organization (CSO) announced soon after, on Oct. 1, that the country’s population had reached about 38 million in 2018, and that Baghdad’s population had reached more than 8 million. While Iraq has not conducted any comprehensive census since 1997, these figures, combined with the rising unemployment rate, indicate an imbalance between the growing population and the availability of services. Najeh al-Obeidi, an economics*researcher at the University of Baghdad, is worried that the state will not be able to respond to population growth or provide decent living conditions for Iraqis.*“This raises concerns about the future,” he said.*“Baghdad alone has a population equal to that of the entire country five decades ago.” Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 73 view(s)
  • Investors Iraq News's Avatar
    10-16-2018, 04:09 AM
    Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), has announced the launch of non-stop service to the city of Sulaymaniyah in the north of Iraq. The new service from the carrier’s primary hub in Sharjah marks Air Arabia’s fourth destination in Iraq and 152 worldwide. From November 6, 2018, Air Arabia will offer two weekly flights to Sulaimaniyah, making it convenient for passengers travelling between both cities. Offering convenient timings, the three-hour flight will operate twice per week, on Tuesdays and Fridays. The outbound flight on Tuesday’s will depart from Sharjah International Airport (SHJ) at 05:00 and land in Sulaimaniyah International Airport (ISU) at 06:55 local time. The return flight will leave Sulaimaniyah at 07:35 and land in Sharjah at 11:05 local time. On Fridays, the flight will depart from Sharjah International Airport (SHJ) at 15:00 and land in Sulaimaniyah International Airport (ISU) at 16:55 local time. The return flight will leave Sulaimaniyah at 17:35 and land in Sharjah at 21:05 local time. Adel Al Ali, Group Chief Executive Officer, Air Arabia, said: “We are pleased to launch this new service to Sulaimaniyah, our fourth destination in Iraq, after Baghdad, Najaf and Erbil. We continuously seek ways to enhance airline connectivity with Iraq, given the growth in business ties between the two nations. The additional route is a testament to Air Arabia’s commitment to providing affordable air travel to our growing customer base.” (Source: Air Arabia) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 68 view(s)
  • Investors Iraq News's Avatar
    10-16-2018, 04:09 AM
    By John Lee. Iraq has agreed to buy 90,000 metric tons of rice from the United States. US Congressman Ralph Abraham, M.D., R-Alto, a member of the House Agriculture Committee, said in a statement: “Iraq is buying three times more rice than we requested in our letter, so I’m thrilled that this resulted in such a successful sale.* A purchase of this great amount will have an immediate and strong impact on the American rice market, and this is certainly a testament to American rice producers, who grow the best rice in the world.” Dr. Abraham said he has led several letters to Iraq over the last few years advocating for US rice, adding that the most recent success was in August when Iraq purchased 15,000 metric tons from the United States. (Source: Congressman Ralph Abraham) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 74 view(s)
  • Wolverine's Avatar
    10-15-2018, 05:22 PM
    409 replies | 15623 view(s)
  • BatmaninIraq's Avatar
    10-15-2018, 10:50 AM
    Financial expert for / Nina:: Deleting zeros from the currency is a correct measure .. But not at the present time | 13/10/2018 10:19 BAGHDAD / Nina / Financial expert Safwan Qusay Abdul Halim said on Saturday that the current economic situation does not allow the implementation of the project to delete zeros from the currency due to the unstable conditions in the Middle East and the possibility of illegal local currencies looking for a way to enter the banking system the local . "The Central Bank of Iraq is trying to restore confidence in the Iraqi currency and the introduction of the international currency market and facilitate the task of calculations by deleting zeros, stressing that the current economic situation is not allowed because of the unstable conditions in the East Middle East and the possibility of illegal domestic currencies looking for a way to enter the local banking system. " He pointed out that "the project can create confusion in the monetary policy and the value of the Iraqi dinar, so the procedure to delete zeros is a correct procedure, but the current government to choose the appropriate time to replace the currency and transparent and subject to the highest degrees of control The governor of the Central Bank Ali Al-Allaq announced earlier The existence of a plan to delete the zeros from the local currency, pointing out that "this plan needs to take deliberate steps, so as not to be exploited in the work of forgery. " Alalak said in a press statement that "currencies with small categories, may lead the citizen to bid farewell to banks for difficulty to store ". " I have Alp As central a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation about the whole so as not being exploited in acts of fraud and other ".
    163 replies | 26613 view(s)
  • Investors Iraq News's Avatar
    10-15-2018, 04:00 AM
    The number of tourists visiting the Kurdistan Region this year reached a record high, according to Mr. Mawlawi Jabar, Chairman of the General Board of Tourism. In an interview with the Kurdistan Regional Government website, Mr. Jabar noted: “In the first six months of 2018, 1.3 million tourists visited the Kurdistan Region, mostly from central and southern Iraq. During the 11-day Eid al-Adha holiday, there were 349,000 tourists, spending 140 billion dinars in the Region. “In the first four months of 2018 there was a good influx of Iranian tourists visiting the Region. After the Iranian authorities imposed taxes on its citizens for traveling abroad, however, the number significantly decreased. Though smaller in numbers, tourists from other countries are also preferring to visit the Region.” While neighboring countries offer lower costs to Iraqi tourists, the ratio of Iraqi tourists visiting the Kurdistan Region continues to rise. Mr. Jabar added: “A comprehensive tourism development strategy has been in place since 2014, but the ISIS war and financial crises restricted implementation of strategic plans. Since 2016, however, implementation has been gradually reactivated. For example, loans have been extended to small and medium tourism projects. “The Board of Tourism has a special department for invigorating protection of the environment. To raise awareness, we are working to protect the environment through the media, publications and other awareness tools.” Regarding private sector’s role in developing tourism, he said, “Part of the strategic plan is to support the essential role of the private sector. He said Kurdistan’s tourism companies have good relations with companies abroad and play an important role in attracting tourists.” He said, “Tourism investment has rapidly grown in the Kurdistan Region and its effectiveness is illustrated by the rising number of visitors and revenue.” (Source: KRG) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 83 view(s)
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