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  • Brazileiro's Avatar
    Today, 05:14 PM
    Me too HB cause we know if it don't happen before Ramadan it won't happen til afterwards. Share suscription was announced on 14 March so 4-8 weeks after puts us between now and mid May. I've lived in South America for so long now you think I'd be used to no one having any sense of urgency in getting something done lol.
    3 replies | 73 view(s)
  • haggisbasher's Avatar
    Today, 04:00 PM
    Am hoping Warka announces AGM at the end of this month, that will be 30 days since they called for share option.?
    3 replies | 73 view(s)
  • Will-it-happen?'s Avatar
    Today, 02:12 PM
    its not often you speak sense, but today you do
    3 replies | 73 view(s)
  • BatmaninIraq's Avatar
    Today, 10:25 AM
    4-24-2018 Newshound Guru MilitiaMan Article “The Central Bank signs a memorandum with Visa International tomorrow” This is the same day for the start of the Financial Inclusion... Smells International! Article 8, convertible currency... What we all know now is that is about to change starting from what they say: TOMORROW. The memorandum with VISA comes the day of the beginning of Financial Inclusion. ...they were given phones by the CBI months ago and those phones are being used for a purpose and that purpose is now openly stated by the CBI that they are about to distribute the new notes and that they have a suitable environment. Citizens are getting TEXT MESSAGES now to come in and get paid, cards, exchange, etc...The program rate is imo about to change and they clearly are not hiding it. The process is underway and almost complete. I believe your witnessing that each and everyday.
    3 replies | 73 view(s)
  • Will-it-happen?'s Avatar
    Today, 04:32 AM
    Nice, Visa International to enter iraq
    83 replies | 11172 view(s)
  • Brazileiro's Avatar
    Today, 12:32 AM
    I read a Bunnia family member ponied up 45 billion IQD towards capital, and that Warka is using property Warka owns valued around 300 billion iqd as collateral to the CBI. If true then things will be looking good at the GA meeting. I am anxiously waiting for that to happen :)
    22 replies | 1680 view(s)
  • BatmaninIraq's Avatar
    Today, 12:30 AM
    Banks Economy News Baghdad:The Central Bank of Iraq announced that it will sign a memorandum with Visa International on Wednesday to grant its legal framework within Iraq."On Wednesday, the central bank will sign a memorandum of understanding with Visa International that will provide the legal framework for the company in terms of providing services, consultancy and support to the banking and financial sector," said Central Bank Payments Department Director, Duha Abdel Kareem."The presence of Visa International in Baghdad will make a positive change on the economic market," adding that "the central bank has steps to support competition between international financial companies
    83 replies | 11172 view(s)
  • Will-it-happen?'s Avatar
    Today, 12:06 AM
    anyone tried liquidating other shares and cashing out ?
    22 replies | 1680 view(s)
  • dinar shore's Avatar
    Yesterday, 09:50 PM
    I am one of the longest members at Investors Iraq and Mr. Issa was always there to process my USD happily. He always used English on the process. Nothing but English on the stocks that hundreds bought like me. I no longer trust Iraq banks but I hope I can get half of what I paid in over the years. I hope that I am wrong but there is a smell in Iraq’s banks and stocks that can’t clear the room. Good luck to all of us.
    18 replies | 704 view(s)
  • Brazileiro's Avatar
    Yesterday, 11:49 AM
    I use these 2 emails for Mr Issa - mohammad.k.issa@warka-bank-iq.com ifrd@warka-bank-iq.com Response time has been good the last couple months. Usually the same day, before I didn't get a response many times unless for a password renew/reset.
    18 replies | 704 view(s)
  • crazyfrank's Avatar
    Yesterday, 11:03 AM
    Brazileiro You are getting mail from Warka we see, what is the e mail address that is now responding to you, and was is the average lag time for a reply there?
    18 replies | 704 view(s)
  • haggisbasher's Avatar
    Yesterday, 10:45 AM
    Thanks for that,i hope Al Bunnia steps up and goes all out for Warka,good read.
    22 replies | 1680 view(s)
  • Brazileiro's Avatar
    Yesterday, 09:50 AM
    Thanks for the info! I'm hoping things happen soon (before Ramadan) and we get access to our cash :)
    22 replies | 1680 view(s)
  • Brazileiro's Avatar
    Yesterday, 09:29 AM
    I got this email from Mr Issa today regarding this matter. It does not pertain to foreigners living outside of Iraq. It is only for Iraqis and foreigners living in Iraq. Dear Sir, Accordance to the regulations set by the CBI local clients (Iraqi Clients and foreigners residing in Iraq ) are required to updated their information where no account will be frozen. This matter related to clients with permanent and temporary residency in Iraq. Best regards, Mohammad K. Issa Managing Director Senior Executive Warka Bank for Investment and Finance
    18 replies | 704 view(s)
  • Will-it-happen?'s Avatar
    Yesterday, 08:04 AM
    i just got an email from warka asking me to send in my auth letter with id and passport to buy the shares. this is despite my already sending in such a request (however id was saved as .pdf file) so i have resent my stuff again (and asked for an additional 500k too) reckon will happen v soon , like this month
    22 replies | 1680 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:40 AM
    By John Lee. Iraq has extended the deadline to bid for the construction and operation of a new 100,000-bpd Qayara refinery. The full statement from the Ministry of Oil is as follows: The ministry of oil would like to announce for the investment refinery in Ninawa governorate/ Qayara with a capacity of 100 thousand barrels / day. The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 and its amendments. The products of the refinery must be environment friendly according to the international standards. The tax breaks must be according to the investment law No.13 for the year 2006. In accordance with the second amendment of the investment law No.64 for the year 2007. The subtraction on the crude oil price over the ship is (8%) “The subtraction must be more than 5$ and less than 10$ of the global price”. The studies, planning and follow-up directorate in the ministry of oil have prepared the data portfolio of the refinery and the price of the data portfolio shall be (30) thousand dollars, or its equivalent in Iraqi Dinars “nonrefundable”. –* The closing date of selling data portfolios is at the end of the work hours of Tuesday the 15th of May 2018. –* The receipt of the documents from the companies whom would like to invest in the above mentioned refinery must be to the end of the work hours of Thursday the 14th of June 2018. The presentation of the documents will be to the Studies Planning & Follow-up Directorate directly in a closed envelop. Otherwise the documents will be rejected. For further information please contact the E-mails (studies@oil.gov.iq) or (studies.oil@gmail.com). (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 51 view(s)
  • crazyfrank's Avatar
    Yesterday, 12:27 AM
    Well the renewed interest got my eye a few weeks ago, so I began looking here again to see if I could weed through the smoke and mirrors. Its been amazingly over 10 years now waiting for me as well. I see a few pumpers for an overnight RV still (business as usual) and a flurry of activity on the Warka web page. I have myself recently sent off work into the e-mail void for updated access and updated data from the ISX department, and I am not holding my breath on that. As it appears response time is a 50/50 chance or none at all, again business as usual. So what I see now is there is this general assembly meeting to occur TBD, and an upcoming nationwide general election May 12th I believe. This clown Malaki is in the wings running again, apparently he is still one of 3 or 4 current vice-presidents still? If he pulls off a win, then its all over, lights out, release the pigeons, and just might as well wallpaper the bathrooms with this stuff. Then on May 15th they all go into hibernation for this Ramadan hootenanny for 2 weeks. So based on all that............ I don't see much improvement after 10 years myself, and I decline to agree with the pumpers, nor would I even wager a estimate in this life time on any of this investment paying off. So to answer the question........... stay or go? Where can we go? Warka does not respond, you can dump what currency we may have on Ebay maybe, that's about all that any of us to do. Aside from just walking away, use it as a write off investment, or send paper work to the bank to pass down Probate data for next of kin, and hope it works out for them 30 years or so from now.
    5 replies | 200 view(s)
  • Investors Iraq News's Avatar
    04-23-2018, 11:40 PM
    Germany’s Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at no extra fuel requirement while increasing the overall power plant efficiency to more than 50 percent by converting the facility into combined cycle mode. This upgrade delivered by Siemens equipment will supply around one million Iraqis with clean and efficient electricity Siemens was awarded the contract by Sinohydro, the Chinese state-owned hydropower engineering and construction company. The developer is KAR Electrical Power Production Trading FZE. Previously, Siemens had supplied five of its SGT5-4000F gas turbines to the plant, which was one of the first large-scale gas-fired facilities installed and commissioned in Iraq in 2013. The upgrade works are scheduled for completion by 2020. (Source: Siemens) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 41 view(s)
  • Investors Iraq News's Avatar
    04-23-2018, 11:40 PM
    By John Lee. UAE’s Minister of Culture has reportedly signed an agreement funding the rebuilding of Mosul’s famed al-Hadba minaret, which was destroyed by the Islamic State group (IS, ISIS, ISIL, Daesh) in the last weeks of the war. According to a report from Rudaw, Minister Noura al-Kaabi signed the agreement with Iraq’s Minister of Culture Firiyad Rawanduzi for the $50.4 million project in coordination with the UN’s heritage agency. “This is a historic partnership, the largest and unprecedented cooperation to rebuild cultural heritage in Iraq ever,” UNESCO Director General Audrey Azoulay stated, welcoming the agreement. More here. (Source: Rudaw) (Picture credit: Faisal Jeber) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 42 view(s)
  • Investors Iraq News's Avatar
    04-23-2018, 11:40 PM
    KRG Prime Minister Barzani’s statement on the construction of US mission in Erbil: Mr. Ambassador of the United States to Iraq, Mr. Consul General Ladies and Gentlemen, Good morning. I am pleased to be here, with you, today and take part in the announcement of building a new compound for the U.S. Consulate General in the Kurdistan Region. I applaud such a decision and see it as an important step.* I hope that the construction will be completed as planned and on schedule. The U.S Consulate General in Erbil is considered to be the first consulate to build its own compound in Erbil. This shows the United States’ trust in the promising future of the Kurdistan Region and it is a sign of the United States’ will for strengthening its relations with the Kurdistan Region on the basis of the diplomatic relations that it has with federal Iraq. Ladies and Gentlemen, The relations between the United States and the Kurdistan Region are not new, but they have been formed and strengthened over the years. After the uprising of the people of Kurdistan in 1991, the U.S. and other members of the international community had a major role in introducing a safe haven, which resulted in the protection of the people of the Kurdistan Region. During the overthrow of Baath regime and later in the fight against ISIS and their defeat, the U.S. continued to improve its relationships with the Kurdistan Region by supporting the stability of the region. Today, as we secured stability, the U.S. is starting to build a new home for its Consulate General in Erbil to continue its already strong relations with the Kurdistan Region and we hope that it will continue to develop strategic and long-term ties with the Region. The people and the government of the Kurdistan Region highly appreciate the political, military and humanitarian supports provided by the U.S. The Kurdistan Region is eager to further develop strong relationships with the U.S., based on mutual interests in politics, economics, trade, science, culture and other fields. Similarly, the Kurdistan Region is trying to continue to build good relations with neighbouring countries, countries in the region and across the world. The people of the Kurdistan Region and the Kurdistan Regional Government share the same values and principles as the U.S. and the modern world.* They, too, believe in the same values and concepts such as freedom, democracy, human rights, diversity, openness, tolerance, youth and women empowerment and the free market. The Peshmergas fought alongside the American and international coalition forces to protect these values. Ladies and Gentlemen, I would like to congratulate and commend the representative of the U.S. diplomatic mission in Iraq, who came from Baghdad to join us today, for the construction of a new compound for their Consulate in Erbil. I also would like to take this opportunity to thank the former and current American ambassadors and consuls in Baghdad and Erbil for their efforts to improve the relations between the U.S. and the Kurdistan Region. I would also like to thank the military, USAID teams and all the organizations and agencies from the U.S. that have worked and served in the Kurdistan Region. I commend them and we look forward to enhance the cooperation and collaboration between the United States of America and the Kurdistan Region. We would like to see all the neighboring countries, countries in the region and across the world, to follow the United States in building diplomatic compounds in the Kurdistan Region, as we strive to build and improve good relations with them within a federal Iraq. In the end, I wish to see all nations in the world enjoy peace, stability and prosperity. Thank you and have a good day. (Source: KRG) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 41 view(s)
  • Investors Iraq News's Avatar
    04-23-2018, 11:40 PM
    For World Book Day 2018, the*AMAR International Charitable Foundation has delivered over 6,000 illustrated children’s books to displaced children in Iraq, all specifically designed for IDP youth. Hussein Al-Alak (pictured below), who is running the Manchester 10k on behalf of AMAR, said: “It’s the only charity in the United Kingdom that supports health, education and, more importantly, mental health programmes, in Iraq … “You’ve got a lot of amazing causes and it’s nice to be able to say: ‘This is what we’re doing at AMAR’.“ You can help AMAR in its essential work in Iraq by donating here. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 39 view(s)
  • Investors Iraq News's Avatar
    04-23-2018, 11:40 PM
    By John Lee. Iraq’s*Ministry of Oil has announced final oil exports for March of 107,050,000 barrels, giving an average for the month of 3.453 million barrels per day (bpd), a slight increase from the 3.426 bpd exported in February. The exports were entirely from the southern terminals, through 39 international companies, with no exports registered from Kirkuk via Ceyhan. Revenues for the month were* $6.435 billion at an average price of $60.114 per barrel. February export figures can be found here. (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 42 view(s)
  • Wolverine's Avatar
    04-23-2018, 04:39 PM
    6686 replies | 467055 view(s)
  • Brazileiro's Avatar
    04-23-2018, 02:15 PM
    I asked to buy shares in the upcoming subscription share sale as they will be in my good name and I figured if it helps them re-open quicker I'm all for it. I do believe the days of the 10.5% CD are gone. Maybe see 7% again but we'll see. I figure withdrawals/wire transfers, once they get the Corresponding Banks problem resolved, will have limits to prevent a mass exodus of funds. I'm hoping Warka gets their Mastercard licence back soon as that may be the best way to access our cash for awhile. Things are coming to a head though. General Assembly meeting coming soon and with it we'll see where things stand.
    5 replies | 200 view(s)
  • oldskiier's Avatar
    04-23-2018, 02:13 PM
    I'm Done !! .... 12 years is long enough... They Screwed us big time !! ... To Sell is out and not even give a report of how many they sold or for how much .... Crooks !!!
    5 replies | 200 view(s)
  • oldskiier's Avatar
    04-23-2018, 01:58 PM
    At one time my stocks were wroth 36 million Dinar ...they sold me out for 3 Million Dinar :( ............. My shares in the stocks I owned did not go down that much !!! How could they do that ...??? 11 years here :( So Sad !!
    12 replies | 442 view(s)
  • James's Avatar
    04-23-2018, 01:18 PM
    I'll be in the same boat. If mastercards or visa cards are linked to our accounts I will use it. Possibly move some money into a CD and use that yearly interest for different things. My majority of funds are in the ISX and I am with a different broker so I am hoping when I am ready to cash out it will be through a different bank. If cards are not tied to our Warka accounts then we will have to wait and see how Warka allows us to withdraw money. I asked once if Warka would transfer funds to BBOB then Karmal to add to my ISX and did not receive a reply. Looks like Warka will hang on to our funds for as long as they can.
    5 replies | 200 view(s)
  • 24mm exposed grid's Avatar
    04-23-2018, 01:14 PM
    Hello Bob, hope you're well ! I only recently started checking back in on this site, seems that things may be moving, but I'll believe it when I see it. For me, as soon as Warka are functioning again, I will be gone so fast with all of my money, you won't see me for the trail of dust behind me. Iraq has no future, Oil has no long term future, the whole case for investment and payoff targets should have came to fruition 5 years ago, yet here we all are, funds frozen having gone nowhere in over a decade. Cant believe that anyone would consider staying. So many opportunities in this world, Iraq no longer one of them. All obviously in my VHHO !!
    5 replies | 200 view(s)
  • English Bob's Avatar
    04-23-2018, 12:40 PM
    Having read the threads on Warka, could be decisions will have to be made soon. Ie, Cash out? Stay invested? Or Combo? Personally If they get debit card sorted I would stay as long as interest rate stay higher than current country I am in (UK). Guessing I could get what is out there back in interest over 5-15 years and could serve as a buffer for retirement. EB
    5 replies | 200 view(s)
  • English Bob's Avatar
    04-23-2018, 12:31 PM
    Come July this thread will be 5 years old LOL Good luck to all.
    186 replies | 43926 view(s)
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