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  • Investors Iraq News's Avatar
    Today, 04:10 AM
    Continued Winter Assistance Needed for Displaced and Vulnerable Iraqis: IOMAs winter temperatures set in, accompanied by winds and rain, the International Organization for Migration (IOM) in Iraq has completed the three-month distribution of 25,000 winter non-food item kits. Consisting of heaters, blankets and jerry cans, the kits meet the most urgent needs of 150,000 vulnerable individuals across the country. IOM’s winterization assistance reached 13,000 displaced households in camps, thousands of displaced families in informal settlements, and thousands of others who have returned to their home communities. “Although displaced households are continuing to return to their home communities, those remaining in camps or informal settlements are often the most vulnerable and have little to protect themselves against the cold winter conditions,” said Gerard Waite, IOM Iraq Chief of Mission. In partnership with local governmental authorities, IOM prioritized distributions in hard-to-reach or insecure areas where other humanitarian partners are not present, such as in communities bordering Syria and in Qayrawan and Hatra, in Ninewa governorate. Of the 1.8 million persons who remain displaced as a result of the conflict with ISIL, over 500,000 are in camps and 140,000 live in critical shelter arrangements (informal settlements, schools or religious or abandoned buildings). More than four million people previously displaced have returned to their homes since mid-2015, but many continue to live in precarious conditions. As people return home, many have found their personal belongings stolen and their houses damaged. With massive destruction in areas of return and limited economic opportunities, returnee households are exposed to the harsh effects of winter and are unable to afford items to cope with the cold. The provision of humanitarian assistance in areas of return is therefore critical to support the reintegration of returning displaced families and other vulnerable households in conflict-affected communities. “After being displaced for a year and a half in the city of Kirkuk, we returned to our village, which was destroyed by ISIL. Everything was damaged, including our house and shop, which was our only source of income. We had to start our life from scratch, while our deteriorating financial condition and cold weather forced us to use firewood as a heating source during the chilly winter nights. We are very happy to receive these items, now we will have a heater to stay warm,” said Nora, a mother of four children, at a distribution in Al Abassi district, Kirkuk governorate. “Despite the success of this winter response operation, we are extremely concerned for the many Iraqis who remain in displacement who will have to endure another harsh winter in camps and in sub-standard shelters,” said Alberto Preato, Head of IOM Iraq’s Preparedness and Response Unit. “This year we are piloting innovative approaches to housing reconstruction and cash-based humanitarian assistance to enable displaced families return to their home communities,” he continued. IOM’s winter non-food item kits are funded by the Office of US Foreign Disaster Assistance (OFDA) and the European Civil Protection and Humanitarian Aid Operations (ECHO). As more displaced families attempt to return home, IOM remains committed to supporting the Government of Iraq to seek durable solutions for vulnerable displaced persons and address needs of conflict-affected communities throughout the country. Click here to watch a video of an IOM staff member speaking about winter support for displaced Iraqis and returnees. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 11 view(s)
  • Investors Iraq News's Avatar
    Today, 04:10 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. For about 10 years, the Kurdistan Democratic Party (KDP), which controls Erbil and Dahuk provinces in Iraq, has enjoyed close working relations with the Turkish government on trade, energy and security. The main architect of this*opening has been the KDP’s Nechirvan Barzani. The KDP, unlike other Iraqi Kurdish groups, has also acted as a counterweight since the 1990s to the formidable*Kurdistan Workers Party (PKK) guerrilla movement — Turkish President Recep Tayyip Erdogan’s archenemy —*by allowing Turkey to establish a number of military bases to monitor PKK activities. However,*Barzani, prime minister of*the Kurdistan Regional Government (KRG)*since 2012, was not nominated by*the*KDP*to form the next KRG Cabinet. This is causing Erdogan to worry about the fate of a 50-year secretive energy deal made*with*Barzani in 2014. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 12 view(s)
  • Wolverine's Avatar
    Yesterday, 11:43 PM
    Exactly !!!
    513 replies | 27451 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 09:47 PM
    Iranian Foreign Minister Mohammad Javad Zarif met a group of Iraqi tribal leaders from south of the country in the holy city of Karbala. During the last leg of his meetings with Iraqi officials, elites and representatives of Iraqi society from various ethnicities and regions, Zarif sat for talks with the tribal leaders and clans’ representatives of southern Iraq in the consulate of the Islamic Republic of Iran in the holy city of Karbala. During the cordial meeting on Wednesday, some of Iraqi tribal leaders and representatives expressed their views and ideas about the strong bonds between the two nations of Iran and Iraq, Foreign Ministry website reported. For his part, Iran’s top diplomat referred to the close relations between the two nations over the past centuries and pointed out that nothing, even the imposed war by the former dictator of Iraq on Iran, could not separate the two nations. “The love of the third Shiite Imam, Hussein ibn Ali (AS) has served as a bond connecting us together,” he said, adding that Arbaeen, the anniversary of 40th day after the martyrdom of Imam Hussein (AS) is a beautiful picture of companionship, self-sacrifice, hospitality and sympathy between the peoples of Iran and Iraq. He also thanked Iraqi tribes for their warm hospitality to the Iranian pilgrims flocking to the holy cities of Najaf and Karbala each year to commemorate Arbaeen. Zarif then underlined that Iran and Iraq are now involved in the construction process and added the two sides should put their focus on improving the living conditions of their people through overcoming the current obstacles and preparing the ground for further economic cooperation. “Building on the two sides’ capacities, we can increase our annual trade volume by 20 billion dollars and if the ground is prepared, the Islamic Republic is ready to proudly share its achievements in energy, engineering, agriculture and trade areas with the Iraqis,” he concluded. Iranian foreign minister arrived in Iraq on Sunday afternoon and held separate meetings with various Iraqis officials from the central government in Baghdad to Kurdistan semi-autonomous region. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
  • 40plus's Avatar
    Yesterday, 09:38 PM
    This will all be made public, it will shock a lot of Americans, when they realize what many of their brothers have been saying for decades is true. If you're fit, stand up and represent, future generations depend on our doing the right thing now. Liars, thieves, and abusers must go. The current administration is accomplishing what was promised, and I think it's going to be HUGE.
    513 replies | 27451 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 07:46 PM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th January 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD642 (-4.4%) / $691 (-4.4%) (weekly change) (-2.5% and -2.7% YTD change, respectively). The number of week traded shares was 28.1 bn and the weekly trading volume was IQD10.2 bn ($8.4 mn). ISX Company Announcements According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,322,192 on Sunday (Jan. 20, 2019). As part of the contribution to support the Iraqi economy, the Central Bank of Iraq (CBI) announced that through its IQD1.0 trln initiative given as a maximum amount for SME projects, it gave more than IQD33 bn during 2018. Since the start of the project in May 2015 until the end of 2018, IQD73 bn were given to projects, where the trade sector got 59%, services 25%, industrial 12% and agricultural sector 4%. The initiative includes 34 banks, 33 private banks and one state bank, while the loans for these projects ranged from IQD5 mn to IQD50 mn, it could reach IQD100 mn if it is approved by the Central Bank. (CBI) Commercial Bank of Iraq (BCOI) resumed trading on Jan. 17, 2019 after discussing and approving 2017 annual financial results and deciding to distribute 3.5% cash dividend (7.3% dividend yield). Ashur International Bank for Investment (BASH) resumed trading on Jan. 17, 2019 due to disclosing its 9M18 financials. Bain Al-Nahrain Investment (VMES) resumed trading on Jan. 17, 2019 after discussing and approving 2017 annual financial results. New shares of Al-Hamraa for Insurance (NHAM) from the capital increase from IQD5 bn to IQD7 bn through 40% bonus issue resumed trading on Jan. 16, 2019. ISX requested Al Taif Islamic Bank to submit the required documents in order to start trading on the ISX as an Islamic bank. Modern Animal & Agricultural Production (AMAP) was not suspended from trading on Jan. 14, 2019 because the company fulfilled ISX request to explain why the prices touched the higher limits on Jan. 8, Jan. 9, Jan. 10 and Jan. 13, 2019. The company disclosed that they started the legal procedures to own Soft Dairy Factory (Alban Al-Rfq) and the company also added that it started maintenance and adding new equipments in Halal Dairy Factory (Al-Halal) which will lead to increase production and quality of production. Cross Transactions: 24.7 bn shares of Trust International Islamic Bank (BTRU) on Jan. 14, 2019, which represents 9.9% of BTRU capital. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 36 view(s)
  • Wolverine's Avatar
    Yesterday, 06:20 PM
    513 replies | 27451 view(s)
  • Wolverine's Avatar
    Yesterday, 05:26 PM
    513 replies | 27451 view(s)
  • Wolverine's Avatar
    Yesterday, 05:16 PM
    513 replies | 27451 view(s)
  • Wolverine's Avatar
    Yesterday, 03:38 PM
    513 replies | 27451 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 11:48 AM
    GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments across the country. Please click here to download the latest report free of charge. For more information on how GardaWorld’s services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at daniel.matthews@garda.com Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 35 view(s)
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