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  • dollarsign's Avatar
    Today, 10:23 AM
    GREEN... A SIMULATION OF THE DINAR EXCHANGE RATE LINKED TO A BASKET OF CURENCIES A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi IQ per Us$ index Weight: US$ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.0513 IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05 IQ per US$ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075 STRASBOURG (Reuters) - European Commission President Jean-Claude Juncker called on Wednesday for the European Union to promote the euro as a global currency to challenge the U.S. dollar. “We must do more to allow our single currency to play its full role on the international scene,” Juncker told the European Parliament in Strasbourg as he presented his annual program. “It is absurd that Europe pays for 80 percent of its energy import bill – worth 300 billion euros a year – in U.S. dollars when only roughly 2 percent of our energy imports come from the United States,” he said. “It is absurd that European companies buy European planes in dollars instead of euro,” he added. While Norway prices its substantial supplies to the EU in euros, an EU official said, other countries use dollars. Among the most important of these are Gulf states and Russia. (now we all see putins driving need to money launder, and find accomplices. No one wants his rubles). Become the world's super power Mr. Juncker, then you can have it like that... WITH ENVY! $
    139 replies | 22540 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:52 PM
    The Statistics Office, IOM, and UNFPA launch the Demographic Survey of the Kurdistan Region of IraqThe Kurdistan Region Statistics Office (KRSO), UNFPA, and IOM have launched the demographic survey of the Kurdistan Region of Iraq (KRI), one of the largest statistical exercises conducted in the region since 1987. The survey provides a comprehensive profile of the current population demographics, employment and income, housing, household possessions, literacy and education levels. This socio-demographic study gathered information from 12,699 households, including long term residents and displaced families in the three KRI governorates of Duhok, Erbil and Sulaymaniyah. This research is timely as it comes at a time where the country is emerging from the conflict and economic hardship; while a significant portion of displaced families have returned or are considering to go back home. The 2014-2017 war against the Islamic State of Iraq and the Levant (ISIL) has had a severe impact on the Kurdistan Region: from the start of the crisis, KRI has provided refuge to more than one million displaced Iraqis and continues to host more than 800,000 internally displaced persons. Dr Ali Sindi, Minister of Planning for the Kurdistan Regional Government (KRG), said: “The information in this survey establishes a reference base for future statistical studies, and will assist the Kurdistan Regional Government with better planning and allocation of resources.” Mr Gerard Waite, IOM Chief of Mission said: “This survey is a true collaborative effort with the KRG and UNFPA and hopefully will contribute to addressing the needs of the most vulnerable households, in this critical post-crisis period.” Mr Ramanathan Balakrishnan, UNFPA Representative to Iraq added: “This demographic survey fulfils the need for updated population and socio-economic statistics and will serve as a roadmap for future, policy development and planning with KRG and partners.” The survey was made possible through the collaboration of the Kurdistan Region Statistics Office (KRSO) within the Kurdistan’s Regional Government’s Ministry of Planning; IOM – the UN Migration Agency – and the United Nations Population Fund (UNPFA). Data was collected from October to November 2017. Support for the publication of the report is provided by the U.S. Department of State, Bureau of Population, Refugees and Migration, and by UNFPA. Key Finding & Statistics: 87 per cent of households have a monthly income of less than 1,000,000 Iraqi Dinar (approximately 850 United States dollars). More than 20 per cent of youth (18-34 ages) out of workforce are reported to have lost hope in finding a job. In 27 per cent of households the head of household had not worked in the week preceding the survey. Over 40 per cent of the KRI population aged between 15 and 64 years is an active part of the labour force with the public sector employing0 nearly half of the working population. Overall data indicates that the average household size in KRI is 5.1 members. 35 per cent of the population is younger than 15 years, 61 per cent belongs to the active labour force age group of 15-65 years and 4 per cent is 65 or above. KRI families currently enjoy an adequate standard of living: nearly all possess most common household appliances (television, stove or refrigerator). Three quarters of all families own the house they live in connected to the public water (90 per cent) and electricity networks and equipped with sanitation facilities. (Source: UN) Source: Post your commentary below.
    0 replies | 44 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:52 PM
    Republic of Korea supports UNHCR’s humanitarian activities in IraqThe Government of the Republic of Korea continues its support to UNHCR’s humanitarian activities in Iraq with a new donation of US$ 1.2 million. Despite promising signs of recovery in parts of the country, millions of Iraqis still need comprehensive humanitarian and protection assistance. Some 1.9 million people are displaced; hundreds of thousands are in camps. Many will not be able to return home any time soon. Rebuilding Iraq is no small task. As the country gets back on its feet, it is vital that the people who need emergency assistance continue to receive it for as long as they need it. Communities affected by the recent conflict are beset by hardships. Thousands of vulnerable people arrive in UNHCR-managed camps every month because they cannot find work or pay rent in their home areas, because progress in clearing explosive hazards is slow, or because services like water and electricity are not functioning. In July alone, 1,700 families – over 10,000 people – arrived in camps across Iraq. The majority of the new arrivals were displaced at least once before. With each displacement, people become more vulnerable. H.E. the Korean Ambassador to Iraq, Mr. Song Woong-Yeob (pictured), said, “The Republic of Korea is deeply committed to supporting humanitarian activities in Iraq and will continue to stand by Iraqi people who are in need of humanitarian assistance. I firmly believe that Korea’s continuing support for the activities through the Iraqi Government and international organizations like UNHCR will further help the endangered Iraqi people to recover and rebuild their communities by imbuing them with hope for a new future.” Mr. Bruno Geddo, UNHCR’s Representative in Iraq. ““There is no quick fix for Iraq. For people to see tangible improvements in their lives we must continue to respond to the situation, and stand beside the Iraqi people until they can return home safely. Sustainable return is a cornerstone of long-term peace and stability, and thanks to donors like the Republic of Korea, UNHCR is able to backstop Iraq’s journey to recovery. We will support the country’s most vulnerable people for as long as they need us.” (Source: UN) Source: Post your commentary below.
    0 replies | 39 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:52 PM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th Sept 2018). Please click here to download a table of listed companies and their associated ticker codes. Note: ISX was closed today (Sep. 20, 2018) due to religious holiday, 10th Day of Muharam “Ashura”. The next trading session will be held on Sunday (Sep. 23, 2018). The RSISX index ended the week at IQD706 (-1.8%) / $753 (-1.8%) (weekly change) (-12.9% and -9.9% YTD change, respectively). The number of week traded shares was 892.6 mn and the weekly trading volume was IQD544 mn ($446.9 k). ISX Company Announcements Gulf Insurance and Reinsurance (NGIR) will hold an AGM* on Oct. 3, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of NGIR starting Sep. 30, 2018 Original shares of Al-Hamraa for Insurance (NHAM) resumed trading on Sep. 19, 2018 after discussing and approving 2017 annual financial results and increasing the capital from IQD5.0 bn to IQD7.0 mn through 40% bonus issue. Cihan Bank for Islamic & Finance (BCIH) resumed trading on Sep. 18, 2018 after discussing and approving 2016 and 2017 annual financial results and to distribute 11.8% cash dividend (IQD0.118 dividend per share, 4.5% dividend yield). Al-Harir for Money Transfer (MTAH) resumed trading on Sep. 18, 2018 after discussing and approving 2017 annual financial results. Kurdistan International Bank (BKUI) will hold an AGM* on Sep. 22, 2018 to discuss and approve 2017 annual financial results. ISX suspended trading of BKUI starting Sep. 18, 2018. Source: Post your commentary below.
    0 replies | 41 view(s)
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