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  • Investors Iraq News's Avatar
    Today, 04:11 AM
    By John Lee. A report from UK-based newspaper The Guardian says that British Government-backed projects to tackle the aftermath of the war in Iraq have been hindered by the UK’s continuing “hostile” immigration policy. It cites the example of a civil service training scheme involving a £330,000 contract between the General Company for the Ports of Iraq (GCPI) and Middle East Graduate (MEG), a Sheffield-based student recruitment agency; the scheme now faces being axed after immigration officials rejected dozens of student visa applications. Another project, funded by the UK government to research gender-based displacement and violence in Iraqi Kurdistan, was hampered when six members of the project’s Iraq-based team were denied visas. More here. (Source: The Guardian) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 20 view(s)
  • Investors Iraq News's Avatar
    Today, 04:11 AM
    By John Lee. Two companies have won tenders to supply “Hook & Line equipment and Metal Detectors” to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with South Africa-based LVP Technology is valued at $608,292, while the contract with Monaco-based MKG sarl is valued at $144,845. (Source: UNGM) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 21 view(s)
  • Investors Iraq News's Avatar
    Today, 04:11 AM
    Iraqi religious leaders have laid the cornerstone to rebuild Mosul’s landmark Al-Nouri Grand Mosque, which was blown up in the battle with Daesh terrorists in 2017. The mosque and its iconic leaning minaret were built in the 12th century. Iraqi forces defeated the terror group in the last of its urban strongholds last year, recapturing Mosul in a fierce battle that saw the Al-Nouri Mosque destroyed. Dignitaries from the EU and the UN attended the ceremony in the mosque’s courtyard, where Abdulateef al-Humayim, head of Iraq’s Sunni endowments, led the proceedings on Sunday, AP reported. The UAE donated $50.4 million to rebuild the mosque. Construction is expected to take five years. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 22 view(s)
  • Investors Iraq News's Avatar
    Today, 04:11 AM
    The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq Chamber of Commerce said. Speaking to Tasnim, Yahya Ale-Eshaq said negotiations between the central banks of Iran and Iraq are under way to reach an agreement on using rial and dinar in bilateral trade. Once finalized, the agreement would allow the banks of the two countries to issue letters of credit on the basis of Iranian rial and Iraqi dinar, he added. Ale-Eshaq also noted that the value of Iran’s exports to Iraq in the first eight months of the current Iranian year (March 21- November 21) reached $8 billion, equal to the total amount of exports to Iraq in the previous year. On Saturday, secretary general of Iran-Iraq joint chamber of commerce, Hamid Hosseini, said the daily value of Iran’s exports to Iraq stands at $45 million and sometimes reaches $70 million. Iraq’s new Foreign Minister Mohamed Ali Alhakim has made it clear that his country cannot cut off trade ties with Iran under the US sanctions, saying the value of annual trade between Iran and Iraq amounts to $12 billion. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 26 view(s)
  • Investors Iraq News's Avatar
    Today, 04:11 AM
    By John Lee. The State-owned Trade Bank of Iraq (TBI) is reportedly looking to acquire a lender in Turkey, the country’s biggest trade partner, after abandoning a previous attempt. Chairman Faisal Al Haimus is quoted by The National as saying that the TBI is keen on a conventional bank rather than a Sharia-compliant bank, but he declined to name a target. Buying a Turkish bank would be the TBI’s first overseas acquisition, which will be financed from $350 million the lender earmarked for buying assets. More here. (Source: The National) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 23 view(s)
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