Iraqi Dinar News

Trade Iraqi Dinar

Posts tagged: Iraq

France to Step Up Campaign Against Islamic State in Iraq

By , October 24, 2014 9:22 pm

France to Step Up Campaign Against Islamic State in Iraq

By Noemie Bisserbe

Posted 2014-10-24 20:16 GMT

BRUSSELS — French President François Hollande said on Friday that France will step up the pace of its operations in Iraq against Islamic State militants, one day after the country conducted a fresh round of airstrikes in the war-torn nation.

“The pace of our operations is going to accelerate,” said Mr. Hollande at a news conference in Brussels. “We are in a phase where we have gathered all the necessary information to hit the terrorist group hard,” he said.

French aircraft dropped 70 bombs to destroy 12 targets in northern Iraq in the night from Thursday to Friday, as part of a broader offensive by the U.S.-led coalition against Islamic State, also known as ISIS or ISIL.

“We have reached all our targets,” said Mr. Hollande.

Assyrian International News Agency

France to Step Up Campaign Against Islamic State in Iraq

By , October 24, 2014 9:22 pm

[unable to retrieve full-text content]BRUSSELS — French President François Hollande said on Friday that France will step up the pace of its operations in Iraq against Islamic State militants, one day after the country conducted a fresh round of airstrikes in the war-torn nation.
Assyrian International News Agency

Survey Results – State of Iraq 2014

By , October 24, 2014 3:30 pm

Survey Results – State of Iraq 2014

Throughout August 2014, Iraq Business News polled readers for their opinions on the state of Iraq.

As expected, the results indicate a more challenging environment in the country over the preceding year.

But while the sample size and methodology do not allow us to claim statistical significance, the results tend to show a long-term commitment to Iraq as a place to do business – less than half of respondents expect to reduce their exposure to Iraq in the coming year, with 36 percent expecting to invest more.

It is important to note that this poll was taken before the successful appointment of the new cabinet, and before the escalation of airstrikes against the Islamic State, and so may be more a reflection of past concerns than of current hopes for the future.

As “a picture is worth a thousand words”, we’ve put our results in a helpful infographic format that we hope you will find useful – please click here to view.

(Flag image via Shutterstock)

Iraq Business News

UN Launches $2.2bn Appeal for Iraq

By , October 24, 2014 4:06 am

UN Launches $  2.2bn Appeal for Iraq

The United Nations has launched a US$ 2.2 billion appeal to address the protection and humanitarian needs of 5.2 million people in conflict-affected Iraq.

“The needs of the Iraqi people are immense,” Neill Wright, acting Humanitarian Coordinator for Iraq, said in Baghdad. “It’s imperative we step up our efforts.”

The third revision of the Strategic Response Plan (SRP) of the UN and NGO humanitarian community aims to continue its support of the Government of Iraq in effectively addressing the humanitarian and protection needs of 5.2 million Iraqis across the country through 2015.

Included in this are 1.8 million displaced since January 2014, 1.5 million within communities hosting many of the displaced, and 1.7 million living in conflict areas outside Government control.

An estimated 2.8 million people are in need of food assistance and approximately 800,000 people are in urgent need of emergency shelter assistance.

Throughout Iraq, 1.26 million people are in need of some form of winterisation assistance. The provision of winterisation packages, warm clothes, shoes, health services and food are all critical requirements.

The multi-sectorial plan was produced by more than 45 humanitarian organizations, including UN agencies, international and national NGOs operating in Iraq, and covers the provision of assistance in non-food items/shelter, protection, health, food, water sanitation and hygiene (WASH), education, and logistics until the end of December 2015.

To date, more than $ 600 million has been contributed to the 2014 -2015 Iraq SRP, including a major contribution by the Kingdom of Saudi Arabia in July. The remaining $ 1.6 billion needed is required for activities over the next 15 months, but early contributions are essential with the onset of winter.

“Although much has been done, much more is needed in the coming weeks to prevent additional, unnecessary suffering for many Iraqis,” Wright said. “This effort requires all of us – the UN, non-governmental organisations, civil society and the private sector – to work together. All of us have a role to play.”

(Source: UN)

Iraq Business News

$240m Iraq Desalination Contract

By , October 23, 2014 10:24 pm

$  240m Iraq Desalination Contract

By John Lee.

A consortium has been awarded a $ 240-million engineering, procurement, and construction (EPC) order from Iraq’s Ministry of Municipalities and Public Works to build pretreatment facilities at a desalination plant in Basra.

Japan’s Hitachi and Veolia Environnement of France have won $ 100 million of the total, with Egyptian engineering firm ArabCo getting the rest for civil engineering, construction, and on- site installation work.

Construction is scheduled to begin in immediately, with completion scheduled for April 2017.

The pretreatment facilities include surrounding river water intake facilities and water transport networks, for which he Japanese government has provided loan assistance.

According to WaterWorld, the contract is an addition to an earlier EPC and five-year operation and maintenance deal, won by the Franco-Japanese consortium, for the Basra plant.

The Basra reverse osmosis (RO) desalination plant will be the largest facility of its kind in Iraq, capable of supplying drinking water at 199,000 m3/d.

(Sources: Desalination & Water Reuse, WaterWorld)

Iraq Business News

$240m Iraq Desalination Contract

By , October 23, 2014 10:24 pm

$  240m Iraq Desalination Contract

By John Lee.

A consortium has been awarded a $ 240-million engineering, procurement, and construction (EPC) order from Iraq’s Ministry of Municipalities and Public Works to build pretreatment facilities at a desalination plant in Basra.

Japan’s Hitachi and Veolia Environnement of France have won $ 100 million of the total, with Egyptian engineering firm ArabCo getting the rest for civil engineering, construction, and on- site installation work.

Construction is scheduled to begin in immediately, with completion scheduled for April 2017.

The pretreatment facilities include surrounding river water intake facilities and water transport networks, for which he Japanese government has provided loan assistance.

According to WaterWorld, the contract is an addition to an earlier EPC and five-year operation and maintenance deal, won by the Franco-Japanese consortium, for the Basra plant.

The Basra reverse osmosis (RO) desalination plant will be the largest facility of its kind in Iraq, capable of supplying drinking water at 199,000 m3/d.

(Sources: Desalination & Water Reuse, WaterWorld)

Iraq Business News

Iraq News Summary (22 October 2014)

By , October 23, 2014 9:17 pm

Thursday, 23 October 2014 08:03

Security sources said Wednesday in remarks that a military helicopter type (MI 8) of the current government army has crashed near the “Artistic Institute” in amid the district Dor to the east of Tikrit, causing the killing of the crew which consist of the pilot and the co-pilot, at once .. Noting that the causes of the crash is not known yet.

Whereas, a state police force has found Wednesday morning, bodies of two men were shooting dead in the eastern suburbs to the district Muqdadiyah northeast of Baquba, Diyala province.

Meanwhile, eight of the Peshmerga forces were wounded; as a result of armed clashes with militiamen of the so-called popular mobilization Wednesday in the area of (Yengejeh) affiliated to the district (Touz Khormato) east of Tikrit, Salahuddin province.

In related context, unidentified gunmen blew up five houses, one of them belongs to the former chairman of Salahuddin Provincial Council and the others owned by government police officers Wednesday South of Tikrit in Salahuddin province, according to a government official, adding that the explosion caused full collapse of the houses but causing no casualties.

In addition, at least 11 people were killed and 13 others injured in two roadside bombs exploded in the areas of Nowab and Hay alforat Wednesday afternoon Eastern and Western Baghdad.

While two government policemen wounded in an armed attack on a Federal Police checkpoint in the District (El-Je’arah) of the district Madain, Wednesday afternoon South of Baghdad.

Furthermore, a government security sources said that a huge fire erupted in one of the shops in the region of Al Senak Wednesday in central Baghdad, wounding four people, shoppers, with varying burns as well as significant material damage, the source said that the fire was caused by an electrical fault, adding that civil defense teams managed to extinguish the fire within short time.

In two separated blasts, 4 people were killed and 10 others wounded in the regions of Al Obaidi and Dora Wednesday night Eastern and southern Baghdad.

Two deadly car bombs rocked parts of Baghdad; killed at least 29 civilians and wounded 73 others Wednesday evening, one of them hit the Central Karrada and the other exploded in Sadr City east the capital.

h ttp://www.heyetnet.org/en/index.php/guendem/item/1124-iraq-news-summary-22-october-2014

www.iraq-war.ru (en) RSS feed for articles and news

Innospec Wins Iraq Legal Case

By , October 23, 2014 4:42 pm

Innospec Wins Iraq Legal Case

By John Lee.

Innospec has announced the successful conclusion of a lawsuit brought against the company by Jalal Bezee Mejel Al-Gaood & Partner and Future Agencies Company Limited in connection with alleged loss of profits in Iraq.

The matter had been filed in the High Court of Justice in the United Kingdom, and the judge dismissed the Claimants’ case in its entirety, subject to the right of appeal.

The judgment also allows Innospec to bring a claim for reimbursement of its legal expenses. Innospec previously disclosed, in its SEC filings, that the stated claim inclusive of costs and expenses, was for up to $ 42.3 million.

Patrick S. Williams, President and CEO of Innospec, said:

From the outset, we stated that the allegations in this claim were entirely without merit and that we would rigorously defend our position.

“We have done so, and have been proven right. It is clear that this case should never have come in front of the courts, and therefore we will be applying for reimbursement of substantial costs.”

“Since 2010, we have been working hard to rebuild Innospec into a growing specialty chemical company backed by a first class compliance program. The successful conclusion of this case and the termination of our monitorship regarding legacy issues, are a watershed for Innospec.

“We can finally move on from these matters and devote our undivided attention to the continued growth of Innospec.

(Source: NASDAQ.com)

Iraq Business News

Business Still Being done in Iraq

By , October 23, 2014 3:10 pm

Posted on 23 October 2014 .

Business Still Being done in Iraq

Despite media reports to the contrary, business is still being done in Iraq, and Iraq Business News is the place to learn about it.

Some random examples from the past week include further progress and stage payments to Hanwha for the construction of the Bismaya New City housing development, a $ 278-million drilling contract for Halliburton at West Qurna-1, and opening of a Latvian-based lingerie store in Najaf.

And for future deals, check out the new opportunities in our Tenders section — it’s all free of charge to readers of Iraq Business News.

(Flag image via Shutterstock)

Iraq Business News

ISIS Desecrates Ancient Assyrian Monastery in Iraq

By , October 16, 2014 8:09 am

ISIS Desecrates Ancient Assyrian Monastery in Iraq

Posted 2014-10-16 04:36 GMT

St. Behnam Monastery.Militiamen from the self-proclaimed ‘Islamic Caliphate’ have removed the crosses and burned ancient manuscripts in the historic Monastery of Mar Behnam, ten minutes from the city of Qaraqosh, that they have occupied since last July.

Confirmation of the desecration came from a former village chief who lives near the monastery. He told Syriac Catholic priest Fr Charbel Issa, who was in charge of the Monastery until three years ago.

“Anything can happen with the terrorists of the Islamic State. They will destroy everything, if not stopped”, said Syriac Catholic priest Fr Nizar Semaan in a conversation with Fides. As reported by the website lankawa.com, the walls of the monastery now carry the inscription: ‘property of the Islamic State’.

ISIS threatened to kill, and then threw out the monks last July 20. Families living at the Monastery were also expelled.

The ancient Monastery, dating from the fourth century is dedicated to Assyrian Martyr Prince Behnam and his sister Sarah. Many ancient books and artefacts were kept there. It is one of the oldest and most venerated places of worship of the Syriac Christianity.T he monastery was renovated in 1986, and until the war, was visited by thousands of Christian and Muslim pilgrims each year.

Assyrian International News Agency