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  • Investors Iraq News's Avatar
    Today, 11:24 AM
    Voters in Iraqi Kurdistan and the disputed areas under Kurdish control have started to cast their ballots on whether to split from the rest of Iraq and become an independent state, according to Kurdish media reports early on September 25. Reports claimed that voters had been queuing for hours before polling stations opened at 0800 local time, according to Erbil-based Kurdish Rudaw TV. The KRG’s ruling parties agreed on September 24 to include the disputed province of Kirkuk in the referendum on independence from Iraq.* The announcement came on September 24, following a meeting between the ruling Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK). In a statement late on September 24, the Iraqi National Security Adviser, head of the popular mobilization, Faleh al-Fayadh confirmed that the federal government will assume all responsibility guaranteed by the Constitution to protect Iraqi territory and not to divide it. He said, according to a statement to his media office, that “the referendum is a provocative action and break the historic frameworks between the Arabs and Kurds and will charge the sponsors of it a heavy price,” stressing the importance of dialogue before the referendum and not after. Related, the Sadrist protest committee last night postponed its planned demonstration set for September 25, seemingly recognising that the timetable clash with referendum day would not help their cause and would detract from their electoral focus.* A new date is yet to be set. (Source: GardaWorld) (Image credit: Jan Kurdistani) Source: Iraq-BusinessNews.com. Post your commentary below.
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    Today, 11:24 AM
    Advertising Feature By Veronica Cotdemiey, CEO of Citizenship Invest. Citizenship with no commotion: Which countries offer a passport without migrating? The vast majority of people believe that the process of obtaining a second citizenship or another nationality is long and tedious. Most look to countries such as the US, Canada, Australia and the UK, along with other European countries, only to be faced with their stringent requirements. These requirements are both costly and time-consuming, often demanding people to reside in the country for a significant period of time, assimilating the culture and learning a new native language. However, another solution exists that many are not be familiar with. A few countries in the world grant individuals full citizenship without the trouble of moving there and all other difficulties associated with it. Under such programs, these countries simply require a financial contribution or real estate investment in exchange of providing individuals and stakeholders a second citizenship in a period of two to six months. For wealthy and affluent businessmen and entrepreneurs who do not have the option of immigrating without disrupting their lives, these programs are ideal as they can provide them and their families with the ability to obtain a second passport in a swift and convenient manner. The following are the most prominent countries in the world that provide people with full citizenships without ever residing there: Cyprus Number one on the list is Cyprus. This is due to the fact that it is the only country that grants investors a European passport in only 6 months without ever re-locating. The passport allows access to 145 countries visa-free and most importantly the possibility to live and work anywhere within the European Union. Obtaining a Cypriot nationality comes with a price tag of Euros 2 Million in luxury real estate, however, for wealthy businessmen becoming a European national is the best option for their families and businesses, certainly well worth investing in. These individuals have also realized the investment power in Cyprus’ booming real estate market. In addition, according to the Cypriot citizenship law, an investor is eligible to sell the property after 3 years, keeping one lower in value for Euros 500,000. This provides investors with the opportunity of making a profit while retaining full citizenship status. Grenada Grenada is a Caribbean country that has seen a great surge in demand for its citizenship. Grenada is special because is the only country in the Caribbean with a citizenship program which allows citizens to apply for an E-2 visa which grants them residency in the USA. The Grenadian passport is the only Caribbean passport that allows visa-free access to China, which can be a major advantage for stakeholders with business operations and ties with China. Grenada grants its passport for a USD 200,000 financial contribution to the country’s National Transformation Fund. The country’s passport holders do not need to relocate to Grenada, and they will also get visa-free access to 120 countries including China, Schengen states, and the United Kingdom. Saint Lucia The citizenship by investment program being offered by this beautiful island in the Caribbean has become a major international player. It namely rose to fame because with a recent change in the legislation the citizenship program became more affordable and because it does not require you visit the country at any point in time. A USD 100,000 contribution to St. Lucia’s National Economic Fund or an investment in a Government-Approved project in St. Lucia will lawfully grant you a second passport allowing you instant visa-free travel to 123 countries worldwide including the Schengen zone and the United Kingdom as well as other notable international business and tourist hubs such as Singapore and Hong Kong. With the launch of The Ritz-Carlton Resort in St. Lucia, that is set to open its doors in 2021, the resort is set to be a major contributor to the country CBI program. Dominica Another favorite country among citizenship by investment programs without the need to immigrate is the Commonwealth of Dominica. It is one of the most cost-effective programs and allows visa-free access to 118 countries. The program has been established since 1991 and it grants an individual full citizenship rights for a financial contribution of USD 100,000 to the country’s Government Fund. Another investment option is Dominica’s Government-Approved real estate projects such as Kempinski Hotel, through which investors have a tangible investment with a profitable potential. Saint Kitts & Nevis This Caribbean country allows you to acquire its citizenship without immigrating and living in it at any point in time. It requires a financial contribution of USD 250,000 to the Sugar Industry Diversification Fund (SIDF) or a real estate investment of USD 400,000 in any Government Approved project. St. Kitts passport offers visa-free travel to 129 countries included Schengen states and United Kingdom. Antigua & Barbuda Unlike other countries in the Caribbean, Antigua does require you to visit the country for at least 5 days before granting you its citizenship, which is certainly worthwhile as the country is stunning. The citizenship program requires a minimum financial contribution of USD 250,000 to the National Development Fund or a USD 400,000 in the country’s Government-Approved project. Its passport allows you visa-free access to 129 worldwide including all of the Schengen zone, UK, Singapore, Hong Kong, and other first world countries. Portugal This is the last country on our list. We chose to mention Portugal in this list because it technically could grants you citizenship without moving or living in the country. The major difference with Portugal and the rest of the countries on the list is that an individual need to obtain a Residency card in Portugal and maintain the card for a period of 5 years, subsequently obtain Permanent Residency and after year 6 he or she could be eligible to apply for Portuguese citizenship, provided that they have a basic knowledge of Portuguese language. The initial residency card is granted after an initial investment of Euros 500,000 in real estate anywhere in Portugal and must be renewed a couple of times over the first 5 years. Once your citizenship is granted, according to the law your passport is irrevocable. Each country, with the exception of Portugal, process the citizenship in a timeframe of two to six months, the period varies from one country to the other and from case to case. Source: Iraq-BusinessNews.com. Post your commentary below.
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    Today, 11:24 AM
    By John Lee. Iran has reportedly closed its airspace to all flights originating in Iraqi Kurdistan. It’s state-run IRNA news agency said on Sunday that the move followed a request from Baghdad. In a separate development, an Iranian official has been quoted as saying that plans are in progress for direct flights between Erbil and the city of Urmia, in Iran’s Kurdistan province. (Source: Financial Times) (Image credit: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 11:24 AM
    By Fazel Hawramy for*Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. A few days ahead of the Kurdistan referendum on independence, an ethnic clash took place between a group of Kurds and Turkmens in Kirkuk on Sept. 19. Local police deployed in different parts of the city to prevent the development of the deadly clash. The Patriotic Union of Kurdistan (PUK) rules Kirkuk city through grassroots organizing committees in every neighborhood,*including in Turkmen and Arab communities, the origins of which date back to the 1970s, when the PUK began fighting the Baathist regime of President Saddam Hussein. Out of Kirkuk governorate’s*13*seats in the national parliament in Baghdad, the PUK has six. Nothing can be done in Kirkuk without the approval of the*Malband, the PUK office that oversees the work of the*grassroots*organizing committees. The PUK is notoriously fractured, however,*and this is reflected in the party’s*position on the upcoming referendum. Sensing the potential for unrest*and trying to address*the concerns of Arab and Turkmen communities, Malband members voted Sept. 14 to exclude Kirkuk governorate residents from voting in the referendum. “We decided to reject holding the referendum in Kirkuk …*because the future of the city is in danger and we are not ready to gamble on the city.” Yasin Izzadin, a Malband*deputy, was quoted as saying. “When they decided to hold the referendum, why did they not come and consult with the political parties in Kirkuk?” asked Rawand Mala Mahmoud, another Malband*deputy, on a local TV channel Sept. 18. He added, “No one asked us if having the referendum in Kirkuk will be a good idea.*…*What would you say to your people if the referendum*is not approved?” Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 11:24 AM
    By John Lee. An Iranian official has been quoted as saying that plans are in progress for direct flights between Erbil International Airport (pictured) and the city of Urmia, in Iran’s Kurdistan province. Ahmad Montazami, the head of the Iranian Foreign Ministry’s office in Urmia, told Fars News Agency that the service could be started early next year. He added that Urmia is an important destination for medical tourism. In a separate development, Iran has reportedly closed its airspace to flights originating in Iraqi Kurdistan. (Source: Rudaw) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 11:24 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey plans security, economic measures in response to Iraq’s Kurdish referendum: Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 07:04 AM
    “The fight against Isil in Iraq is being won. Some 90 % of the areas previously held by Isil have been liberated, and over two million internally displaced Iraqis have returned home. These people are in a very vulnerable situation. It is vital that access to schools, hospitals and other basic services is restored as quickly as possible,” said Minister of Foreign Affairs Børge Brende. Mr Brende will announce Norway’s increased contribution today at a ministerial meeting on the humanitarian situation in Iraq, which is being held during the 72nd session of the UN General Assembly in New York. Norway is providing a total of NOK 200 million for stabilisation measures in Iraq. NOK 60 million of this sum is going to the UNDP‘s Funding Facility for Immediate Stabilization (FFIS) in Iraq. The rest is going to early recovery efforts to alleviate the situation for the vulnerable civilian population and to humanitarian mine action. “It is clear that our efforts are yielding results. In eastern Mosul, some 90 % of the families who had fled have returned home and 350.000 children are now back at school. Our efforts are helping to alleviate suffering and save lives. Rapid stabilisation of liberated areas will also prevent Isil from regaining a foothold,” Mr Brende said. The Government has intensified its efforts to promote stabilisation, conflict resolution and development in countries and regions affected by conflict and fragility. As a member of the global coalition to defeat Isil, Norway is providing both military and civilian support for stabilisation efforts in Iraq. “Iraq is a clear example of a country where local challenges can have security implications for other countries and regions,” Mr Brende said. Norway announced yesterday that it was increasing its humanitarian aid to areas liberated from Isil in Syria. (Source: Norwegian Ministry of Foreign Affairs) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 05:48 PM
    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.
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    Yesterday, 07:14 AM
    By John Lee. L-3 Fuzing and Ordnance Systems Inc., of Cincinnati, Ohio, has been awarded a $16,487,744 contract W15QKN-17-C-0024 for production quantities of 77,114 M783 point detonating/delay fuzes, relating to Syria and Iraq. Work will be performed in Cincinnati, Ohio, with an estimated completion date of Sept. 30, 2019. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
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    Yesterday, 07:14 AM
    By John Lee. Iran’s Trade Promotion Organization (TPOI) has issued data showing that five countries —*China, Iraq, UAE, South Korea and India — accounted for 68.7 percent of Iran’s total non-oil exports in the first five months of the current Iranian fiscal year (March 20-Aug. 22). Its non-oil exports (including gas condensate) fell 5 percent in the period, to $17.193 billion. China was the main importer of goods from Iran, accounting for 21.8 percent of the total, with Iraq taking 15.1 percent with $2.604 billion, followed by the UAE, South Korea, India, Afghanistan, Turkey, Pakistan, Thailand and Taiwan. (Source: Trend) (Image credit: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 07:14 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. To fight climate change in Basra, where summer temperatures now regularly rise to over 50 degrees Centigrade, locals plan to plant 16 million trees. The volunteers are on course for 1 million in 2017. In the southern Iraqi city of Basra, locals are taking matters into their own hands to fight climate change. “In recent years temperatures in Basra have exceeded 50 degrees Centigrade,” explains Alaa Hashim al-Badran, head of the union of agricultural engineers in*Basra. “And that is dangerous.” The ramifications of ongoing climate change mean that the city and its inhabitants may face even higher temperatures in the future. To try and ameliorate the impact, locals have started planting trees. They intend to have planted a million of them shortly, and 16 million in the next few years. Al-Badran says the idea for a tree-planting campaign was first suggested in the middle of the year and has since progressed rapidly. There are a hundred volunteers and over 15,000 supporters online, he notes, and in the near future, there should be even more people involved. Citing the example of successful tree planting in Gulf Arab countries, al-Badran and his colleagues believe this may be one of the only ways to prevent Basra from deadly over-heating. “Over the next few years we plan to plant 16 million trees here,” he told NIQASH. “The first phase starts in September and goes until mid-November. Then we will start again in mid-February and carry on until mid-April next year. The first objective is to plant 1 million trees.” Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-23-2017, 11:59 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Sept 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD778 (-1.0%) / $798 (-1.0%) (weekly change) (-18.9% and -15.7% YTD change, respectively). The number of week traded shares was 9.5bn and the weekly trading volume was IQD6.3bn ($5.1mn). ISX Company Announcements Two cross transactions occurred on 3.0bn shares of Trans Iraq Bank for Investment (BTRI) on Sept. 18 and Sep. 20, 2017), which represent 1.14% of BTRI capital. Gulf Commercial Bank (BGUC) will hold AGM* on Oct. 12, 2017 to discuss and approve 2016 annual financial results and decide to distribute 1.96% cash dividend (IQD0.0196 dividend per share). ISX will suspend trading of BGUC starting Oct. 9, 2017. Iraq Baghdad for General Transport (SBPT) will hold AGM* on Oct. 9, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of SBPT starting Oct. 4, 2017. National Chemical and Plastic Industries (INCP) will hold AGM* on Oct. 5, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of INCP starting Oct. 2, 2017. International Islamic Bank (BINT) invited shareholders to participate in the capital increase from IQD100bn to IQD250bn through 150% rights issue starting Sept. 20, 2017. ISX requested Region Trade Bank for Investment and Finance (BRTB) to disclose the names and titles of the individuals who have direct access to internal information for 2017, like BoD and their advisors, CEO, CFO, auditor and etc., in order to start trading. Al-Hamraa for Insurance (NHAM) will hold AGM* on Oct. 24, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of NHAM starting Oct. 19, 2017. Iraqi Agricultural Products Marketing Meat (AIPM) resumed trading on Sep. 19, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 5% cash dividend (IQD0.05 dividend per share, 1.7% dividend yield). Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-23-2017, 09:09 AM
    By John Lee. The Jordanian government has said that as part of its efforts to overcome obstacles to trade with Iraq, its Prime Minister, Hani Al-Mulqi (pictured), has decided to exempt Iraqi trucks parked on the Jordanian side of the border from the financial penalties. Petra news agency reports that the exemption, which came in conjunction with the opening of borders between Jordan and Iraq, would encourage trade through the Al Karama-Turaibil border crossing, boost economic relations between the two countries, and facilitate the movement of citizens and goods in both directions. The decision also “aims to accelerate the operation of the Kingdom’s truck fleet that transport goods and commodities to Iraq, and revive shipping in the port of Aqaba“. (Source: Petra) Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-23-2017, 09:09 AM
    Operations have begun to liberate western Anbar and Huwayjah, the last two areas in Iraq where the Islamic State of Iraq and Syria hold territory, said Army Col. Ryan Dillon, spokesman for Combined Joint Task Force Operation Inherent Resolve. Iraqi Prime Minister Haider al-Abadi made the operations announcement to eradicate ISIS, Dillon said, speaking to Pentagon reporters via teleconference out of Baghdad, today. “Already, the have routed ISIS in Akashat, Rihanna, and just this morning they have cleared 11 villages, completing their first phase of operations in Huwayjah,” the spokesman said. “These operations are evidence, and showcase the increased capacity as a battle-tested, formidable fighting force.” It is clear that ISIS terrorists are overwhelmed and outmatched by the strength of the , he said. “ is losing ground, and is failing in every battle. Soon, ISIS will have no sanctuary anywhere in Iraq,” Dillon said. The coordination among the Iraqi army, the federal police, peshmerga forces, local police, counterterrorism service, and popular and tribal mobilization forces has contributed to the victories seen recently against ISIS, the spokesman said. So far, he added, more than 4 million people have been liberated, and about 15,800 square miles have been cleared. Raqqa Gains In Syria, the Syrian Democratic Forces continue to eliminate ISIS in the eastern and northeastern regions of that country, Dillon said. In Raqqa, “The SDF have now cleared about 70 percent of the entire city,” he added. The SDF gained about 84 city blocks in Raqqa from ISIS control in the past week, he said. “In the past week, the SDF have assisted more than 200 civilians flee the city of Raqqa,” Dillon noted. “The SDF also detained ISIS fighters attempting blend in amongst civilians; one of which was another ISIS emir, or local leader.” Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-23-2017, 09:09 AM
    By John Lee. The United Nations has advertised new positions in Iraq: Communication/Public Information Associate, United Nations Assistance Mission for Iraq (UNAMI) National Humanitarian Affairs Officer, United Nations Assistance Mission for Iraq (UNAMI) Nurse, United Nations Assistance Mission for Iraq (UNAMI) Political Affairs Officer, United Nations Assistance Mission for Iraq (UNAMI) Chief, Human Rights Component, United Nations Assistance Mission for Iraq (UNAMI) North East Syria Head of Office, Iraq, Save the Children Team Leader, Save the Children Programme Specialist, UN Development Programme (UNDP) Access Coordinator, International Rescue Committee (IRC) Senior Security and Humanitarian Access Manager, International Rescue Committee (IRC) Deputy Director Cross Border, International Rescue Committee (IRC) Teacher, World Vision Clinical Psychologist, World Vision Anbar Programme Manager, Oxfam Emergency Coordinator, World Health Organization (WHO) GCF Concept Note Formulator, Food and Agriculture Organization of the United Nations (FAO) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-23-2017, 06:52 AM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Pharmacist referent, Médecins du Monde Resource Management Officer, International Organization for Migration (IOM) Associate Information Management Officer, United Nations Assistance Mission for Iraq (UNAMI) Procurement Officer, United Nations Assistance Mission for Iraq (UNAMI) Awards Coordinator, Save the Children Head of Awards, Save the Children Mine Action Coordinator, UN Office for Project Services (UNOPS) Logistics & Asset Management Assistant, UN Office for Project Services (UNOPS) Country Director, Agency for Technical Cooperation and Development (ACTED) Project Development Officer, Agency for Technical Cooperation and Development (ACTED) Finance Specialist, Food and Agriculture Organization of the United Nations (FAO) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-22-2017, 12:36 PM
    Textron Aviation Defense LLC, Wichita, Kansas, has been awarded a $30,000,000 indefinite-delivery/indefinite-quantity contract for Beechcraft King Air 350 maintenance training in support of the Iraqi Air Force. Work will be performed at Martyr Mohammed Ali Air Base, Iraq, and is expected to be completed by Sept. 20, 2020. This award is the result of a country-directed sole-source acquisition. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-22-2017, 12:36 PM
    By Robert Cole, AMAR Foundation. Crescent Petroleum, one of the Middle East’s oldest and largest upstream oil companies, and Dana Gas, one of the largest private sector natural gas companies in the region, have joined forces to fund the running costs of a healthcare centre and vocational training centre for displaced people in the Kurdistan Region of Iraq for the next three years, the two companies today announced. The three-year commitment will fund the entire running costs of AMAR International Charitable Foundation’s Primary Healthcare Centre and vocational training centre in Khanke Camp, which serve the whole community, including 16,000 Yazidi residents. The healthcare centre plays a vital role in providing healthcare to those who would otherwise be unable to access medical support. In the second quarter of 2017, the clinic saw 26,404 cases, conducting 5,411 maternal health consultations and 2,034 child consultations. Commenting on the donation, Crescent Petroleum’s CEO Majid Jafar said: “At Crescent Petroleum, we aim to empower local communities by not only providing energy solutions to fuel their development, but also by responding to their social and economic needs. Internally displaced people (IDPs) are among the world’s most vulnerable populations but they are often overlooked by international relief efforts, and we are committed and honoured to assist their healthcare needs in partnership with AMAR Foundation.” The natural gas produced by the companies from the Khor Mor field supplies more than 1,750 MW of affordable electricity to the Kurdistan Region, giving schools, hospitals and other vital entities a non-disruptive water and electricity supply for millions of people. The Duhok Health Directorate has seen the population of the region more than double over the last two and a half years due to the massive influx of IDPs from the Sinjar and Mosul regions, putting increasing pressure on healthcare access. Patrick Allman-Ward, Dana Gas’ CEO, said: “Our corporate social responsibility programme has been at the heart of Dana Gas’ operations since its inception in 2005. Providing financial support to those in need is not only a moral obligation, it also has a positive impact on the communities where we operate.” AMAR’s Chairman and Founder, the British Conservative Peer, Baroness Nicholson of Winterbourne, said she was “overwhelmed” by the generosity of Dana Gas and Crescent Petroleum: “AMAR builds, staffs and runs five state-of-the-art heath centres on an extremely low budget. The generous donation from Crescent Petroleum and Dana Gas means we can continue with the marvellous work being done in Khanke by our locally trained doctors and nurses for the next three years.” PLEASE CLICK HERE IF YOU CAN HELP – ANY AMOUNT LARGE OR SMALL. (Source: AMAR Foundation) Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-22-2017, 12:36 PM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq’s Kurdistan region is pushing ahead with an independence referendum next Monday despite pressure to call it off. President Masoud Barzani remains defiant, but many Kurds are worried about the consequences of the vote. Al Jazeera‘s Hoda Abdel Hamid reports: Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-22-2017, 12:36 PM
    The United Nations Security Council today expressed concern over the “potentially destabilizing impact” of the Kurdistan Regional Government’s plans to unilaterally hold a referendum next week. In a statement issued to the press, members of the Council noted that the planned referendum is scheduled to be held while operations to counter Islamic State of Iraq and the Levant (ISIL/Da’esh) – in which Kurdish forces have played a critical role – are ongoing. The referendum “could detract from efforts to ensure the safe, voluntary return of over three million refugees and internally displaced persons,” the 15-member body added. Secretary-General António Guterres earlier this week voiced similar concerns about the timing of the vote in a statement issued by his Spokesman, which noted that all outstanding issues between the federal Government and the Kurdistan Regional Government should be resolved through structured dialogue and constructive compromise. “The Secretary-General calls upon the leaders across Iraq to approach this matter with patience and restraint. The United Nations stands ready to support such efforts.” (Source: United Nations News Centre) Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-22-2017, 12:36 PM
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 23 strikes consisting of 41 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition military forces conducted 15 strikes consisting of 15 engagements against ISIS targets. Near Abu Kamal, a strike engaged an ISIS tactical unit and destroyed a vehicle. Near Raqqa, 14 strikes engaged two ISIS tactical units and destroyed seven fighting positions, a vehicle, two logistics nodes, a vehicle-borne improvised explosive device and a vehicle-borne-IED factory. Strikes in Iraq In Iraq, coalition military forces conducted eight strikes consisting of 26 engagements against ISIS targets: Near Beiji, a strike destroyed a vehicle and a mortar system. Near Huwayjah, two strikes engaged an ISIS tactical unit and destroyed a vehicle and a command-and-control node. Near Rawah, five strikes engaged two ISIS tactical units and destroyed two vehicles, two tactical vehicles, two weapons caches, a command-and-control node, a mortar system, a heavy machine gun, a vehicle-borne IED, an ISIS bridge an ISIS staging area and an IED. Additional Sept. 19 Strikes Additionally, officials provided details today on 16 strikes consisting of 20 engagements conducted Sept. 19 in Syria and Iraq for which the information was not available in time for yesterday’s report: Near Raqqa, 15 strikes engaged two ISIS tactical units, destroyed 17 vehicles and 13 fighting positions, and suppressed a fighting position. Near Huwayjah, a strike destroyed five vehicle-borne IEDs and two vehicles and damaged two ISIS supply routes. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-21-2017, 10:12 AM
    An official in the Arabian Gulf has stated that construction companies and others in the Gulf Cooperation Council (GCC) look forward to participating in reconstruction projects in Iraq, stressing that it has the potential to qualify for this role. Abdul Rahim Naqi, secretary-general of the Council of Chambers of the Gulf Cooperation Council (GCC) stated that the Gulf States have made significant progress in many fields, including communications, construction and tourism. Naqi said that if the Iraqi government supported the use of the private sector in the reconstruction of Iraq then Gulf companies would be looking for investment opportunities in the field of construction and reconstruction in Iraq (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
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    09-21-2017, 10:12 AM
    Gazprom Neft Badra, operator of the Badra field, has undertaken the largest ever maritime shipment of oil for export in the company’s history, with 1.78 million barrels of hydrocarbons being despatched for the United States in the New Solution crude oil tanker. This is, to date, the second oil consignment to the American market by Gazprom Neft Badra — recipients of the preceding 12 shipments having been European companies and refining facilities in the Asia—Pacific region. Hydrocarbon exports from Iraq by Gazprom Neft are delivered by the State Oil Marketing Company (SOMO) and comprise the cost-recovery component of Gazprom Neft’s development of Badra field. (Source: Gazprom Neft) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    09-21-2017, 10:12 AM
    Range Energy Resources has announced that Gas Plus Khalakan (GPK), the sole contractor of the Khalakan PSC in the Kurdistan Region of Iraq, issued an operations update regarding the Shewashan field. Shewashan #4: The 4th well drilled on the Shewashan field, Shewashan #4, has been completed as a deviated producer in the Qamchuqa reservoir formation only to first extract remaining recoverable oil from this reservoir. There are future plans to recomplete on the Kometan and Shiranish reservoirs. The well was put on production at a rate of 500 bbl/d and is connected to the early production facilities. The well completion utilized a hydrajet targeted acid stimulation through coiled tubing to enhance production from the fracture network. This is a technique that may now be applied to the other existing wells on the Shewashan field to further enhance productivity in the Qamchuqa and Kometan reservoirs. Water production is approximately 2500 bbl/d, an amount which is well within the design parameters of the new early production facilities. Shewashan #1: The Shewashan #1 well has been sidetracked and a new 4.5 inch liner installed. The well has now being recompleted on the Qamchuqa reservoir formation and is producing 750 bbls/day on a 24/64” choke and is currently water free. This well did not require a hydrajet targeted acid stimulation. Shewashan #2: The Shewashan #2 well which was previously producing 250 bbl/d from the Shiranish reservoir, is currently being sidetracked as the water isolation program conducted in Q2 2017 has resulted in reservoir damage that cannot be repaired. Production from the well is expected to be further enhanced with the stimulation techniques once a 4.5 inch liner has been installed. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    09-21-2017, 10:12 AM
    By John Lee. The Central Bank of Iraq (CBI) has organized a course on combating money laundering, terrorism financing, compliance and risk management. The course was held from 17th to 20th September at the Central Bank building, under the supervision of the banking studies center. Sixty-one employees from government, private banks and money transfer companies attended the event. (Source: Central Bank of Iraq) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 84 view(s)
  • Investors Iraq News's Avatar
    09-21-2017, 10:12 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. Iraqi Kurdistan is in the spotlight and the international media are reporting on the upcoming independence referendum, far and wide. But a focus on international opposition, means that important context is often missing. While recent front pages around the world have been reserved for earthquakes and hurricanes, the referendum on independence in Iraqi Kurdistan has never been too far behind. Mostly this has been due to widespread international concern about what the referendum will mean, and what kind of problems it could cause, either in the lead up to the event, or afterwards. Perhaps the most interesting thing for Iraqis about international coverage of the independence referendum, scheduled for Sept. 25, is the sympathy with which the whole world appears to view the Kurdish people of Iraq. Most reports freely acknowledge that the Kurdish are the world’s largest ethnic minority without their own state. Almost every writer details the trials and tribulations that Iraq’s Kurds have gone through and, in particular, what they suffered under former Iraqi leader, Saddam Hussein. The heinous chemical weapons attack on the city of Halabja, in which thousands died, is not forgotten. But after expressing understanding, most Western media go on to talk about international disapprobation of the referendum. The list of friends and enemies who oppose this Kurdish example of direct democracy grows longer by the day. European media have found it particularly notable that this time, the US – generally a staunch ally of Iraqi Kurdistan – couldn’t do the back room deals their envoys usually do, to postpone the referendum. Many analysts noted that the statement the US eventually issued on the topic was unusually harsh. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    09-21-2017, 10:12 AM
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 44 strikes consisting of 50 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Near Raqqa, coalition military forces conducted 30 strikes consisting of 32 engagements against ISIS targets. The strikes engaged six ISIS tactical units and destroyed 28 fighting positions, three vehicles, two ISIS communications infrastructure items and an ISIS headquarters. Strikes in Iraq In Iraq, coalition military forces conducted 14 strikes consisting of 18 engagements against ISIS targets: Near Qaim, two strikes destroyed an ISIS headquarters and a weapons storage area. Near Huwijah, five strikes engaged two ISIS tactical units; destroyed three tunnels, two ISIS headquarters, two command-and-control nodes, a vehicle, a tractor, and a vehicle-borne improvised bomb facility; and damaged two supply routes. Near Rawah, seven strikes engaged two ISIS tactical units and destroyed two mortar systems, two weapons caches, an improvised explosive device, a staging area, and a vehicle. Additional Strikes Additionally, 51 strikes consisting of 53 engagements were conducted in Syria and Iraq on Sept. 17-18 that closed within the last 24 hours for which the information was not available in time for yesterday’s report: On Sept. 17, near Raqqa, Syria, three strikes destroyed seven fighting positions. On Sept. 18, near Dayr Az Zawr, Syria, four strikes engaged an ISIS tactical unit and damaged three supply routes. On Sept. 18, near Raqqa, Syria, 42 strikes engaged 23 ISIS tactical units; destroyed 23 fighting positions, eight vehicles, three VBIEDs, two ISIS unmanned aerial systems, and a command-and-control node; and suppressed four fighting positions. On Sept. 18, near Huwayjah, Iraq, two strikes illuminated tactical areas. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • odus1000's Avatar
    09-21-2017, 01:57 AM
    Drain the swamp
    6633 replies | 330006 view(s)
  • Wolverine's Avatar
    09-20-2017, 08:00 PM
    6633 replies | 330006 view(s)
  • Wolverine's Avatar
    09-20-2017, 07:45 PM
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