Oshkosh in $400m Equipment Deal

The US Dept of Defense has announced that Oshkosh Defense has been awarded two new contracts relating to Iraq: a $17,080,930 firm-fixed-price, multi-year foreign military sales contract (Oman, Jordan, Iraq) for 54 635NL trailers, spare parts, and manuals. Bids were solicited via the Internet with one received. Work will be performed in Oshkosh, Wisconsin, with […]

CoolClownFish’s Blog – Iraq Stock Market Report

<p style=”text-align: center;”><span style=”text-decoration: underline;”><em><strong>Advertising Feature</strong></em></span></p>
<p><strong>Rabee Securities</strong> Iraq Stock Exchange (ISX) market report (week ending: 22nd Sept 2016).</p>
<p>Please <a href=”http://www.iraq-businessnews.com/reports/list-of-baghdad-stock-exchange-companies-and-tickers/”target=”_blank”>click here to download a table of listed companie</a><a href=”http://www.iraq-businessnews.com/reports/list-of-baghdad-stock-exchange-companies-and-tickers/” target=”_blank”>s</a> and their associated ticker codes.</p>
<p>The RSISX index ended the week at <strong> IQ760 (+2.5%) / $759 (+2.5%)</strong> (weekly change) (<strong>-30.3%</strong> and <strong>-33.8%</strong> YTD change, respectively). The number of week traded shares was <strong>3.7bn</strong> and the weekly trading volume was <strong>IQD2.6bn</strong> (<strong>$2.0mn</strong>).</p>
<p><a href=”http://www.iraq-businessnews.com/wp-content/uploads/2016/09/ScreenHunter_4311-Sep.-26-11.38.png”><imgclass=”alignright size-full wp-image-114606″ src=”http://www.iraq-businessnews.com/wp-content/uploads/2016/09/ScreenHunter_4311-Sep.-26-11.38.png” alt=”screenhunter_4311-sep-26-11-38″ width=”600″ height=”142″ srcset=”//www.iraq-businessnews.com/wp-content/uploads/2016/09/ScreenHunter_4311-Sep.-26-11.38.png 600w, //www.iraq-businessnews.com/wp-content/uploads/2016/09/ScreenHunter_4311-Sep.-26-11.38-300×71.png 300w” sizes=”(max-width: 600px) 100vw, 600px” /></a></p>
<p><strong>ISX Company Announcements</strong></p>
<ul>
<li>CBI approved banking license of International Islamic Bank on Sep. 19, 2016. The bank must complete CBI’s capital increase requirements within three years of the license issue. The bank was Al-Iraqia Money Transfer (MTIR) and now converting to International Islamic Bank. (CBI.iq)</li>
<li>Al-Mansour Pharmaceutical Industries (IMAP) will hold AGM* on Oct. 1, 2016 to discuss and approve 2015 annual financial results. ISX will suspend trading of IMAP starting on Sep. 27, 2016.</li>
<li>ISX announced on Sep. 22, 2016 that the formerly Al-Motaman for Money Transfer (MTMT) has completed the CBI and ISC procedures to convert into Zain Al-Iraq Islamic Bank for Investment and Finance (BZII) with a capital of IQD100bn.</li>
<li>Iraqi for Seed Production (AISP) will hold AGM* on Sep. 29, 2016 to discuss and approve 2015 annual financial results, amend the financial year to begin on Jan. 1st and end on Dec. 31st, rent its location in Abu Ghareeb to Middle East University for eight years, rent the land of Al-Lutaifya, invest a land in Nasrya and purchase two lands in Dyala and Baghdad. ISX will suspend trading of AISP starting on Sep. 26, 2016.</li>
<li>Middle East Production and Marketing Fish (AMEF) will resume trading on Sep. 25, 2016 after discussing and approving 2015 annual financial results and deciding to distribute 20% cash dividends (IQD0.2 dividend per share, 2.8% dividend yield). The opening price will be IQD6.9 for the first trading session.</li>
<li>Al-Maraj Al-Alamiya for Money Transfer (MTMR) will start trading on Sep. 25, 2016 after completing the listing procedures. The price will be free for the first three sessions and then will be traded with +/-20% change.</li>
<li>Al-Nukhba for General Construction (SNUC) will hold AGM* on Sep. 27, 2016 to discuss and approve 2015 annual financial results. ISX suspended trading of SNUC starting on Sep. 21, 2016.</li>
<li>Asiacell (TASC) resumed trading on Sep. 20, 2016 after fulfilling ISC requirements and publishing 2015 annual and 3M16 and 6M16 interim financial results.</li>
<li>Ishtar Hotel (HISH) resumed trading on Sep. 18, 2016 after fulfilling ISC disclosure requirements and publishing 2015 annual financial results.</li>
</ul>

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Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd Sept 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ760 (+2.5%) / $759 (+2.5%) (weekly change) (-30.3% and -33.8% YTD change, respectively). The number of week traded […]

CoolClownFish’s Blog – 21 New Career Opportunities in Iraq

<p><em>By John Lee.</em></p>
<p>The United Nations has advertised new positions in Iraq:</p>
<ul>
<li><a id=”l0″ class=”jtitle” href=”http://unjobs.org/vacancies/1474833954823″>ShelterCluster Technical Coordinator and National Co-Chair</a>, Norwegian Refugee Council (NRC)</li>
<li><a id=”l5″ class=”jtitle” href=”http://unjobs.org/vacancies/1474574718771″>Headof Support</a>, Norwegian Refugee Council (NRC)</li>
<li><a id=”l1″ class=”jtitle” href=”http://unjobs.org/vacancies/1474741949153″>SeniorCoordination Advisor</a>, United Nations Development Programme (UNDP)</li>
<li><a id=”l2″ class=”jtitle” href=”http://unjobs.org/vacancies/1474581102187″>InternationalConsultant – Simplification of Work Systems and Procedures</a>, United Nations Development Programme (UNDP)</li>
<li><a id=”l3″ class=”jtitle” href=”http://unjobs.org/vacancies/1474580011605″>PoliticalAffairs Officer</a>, United Nations Assistance Mission for Iraq (UNAMI)</li>
<li><a id=”l11″ class=”jtitle” href=”http://unjobs.org/vacancies/1474453923407″>CloseProtection Officer</a>, United Nations Assistance Mission for Iraq (UNAMI)</li>
<li><a id=”l4″ class=”jtitle” href=”http://unjobs.org/vacancies/1474578333620″>ProjectDevelopment Officer (Donor Liaison)</a>, International Organization for Migration (IOM)</li>
<li><a id=”l7″ class=”jtitle” href=”http://unjobs.org/vacancies/1474491985406″>ProjectOfficer (Displacement, Tracking & Monitoring (DTM))</a>, International Organization for Migration (IOM)</li>
<li><a id=”l16″ class=”jtitle” href=”http://unjobs.org/vacancies/1474059919889″>Consultant– Displacement Tracking & Monitoring (DTM) Information Management Officer</a>, International Organization for Migration (IOM)</li>
<li><a id=”l6″ class=”jtitle” href=”http://unjobs.org/vacancies/1474572819981″>CrimeScene Trainer</a>, International Commission on Missing Persons (ICMP)</li>
<li><a id=”l8″ class=”jtitle” href=”http://unjobs.org/vacancies/1474485620429″>EvaluationExpert/Specialist</a>, QED Group</li>
<li><a id=”l9″ class=”jtitle” href=”http://unjobs.org/vacancies/1474485617998″>EvaluationTeam Leader</a>, QED Group</li>
<li><a id=”l10″ class=”jtitle” href=”http://unjobs.org/vacancies/1474485616803″>PublicAdministration Expert</a>, QED Group</li>
<li><a id=”l13″ class=”jtitle” href=”http://unjobs.org/vacancies/1474399317470″>Monitoring& Evaluation Experts on Iraq Stabilization/Reconstruction Projects</a>, QED Group</li>
<li><a id=”l14″ class=”jtitle” href=”http://unjobs.org/vacancies/1474399313810″>SeniorMonitoring and Evaluation Specialist</a>, QED Group</li>
<li><a id=”l23″ class=”jtitle” href=”http://unjobs.org/vacancies/1473887853884″>PublicAdministration and Good Governance Expert</a>, QED Group</li>
<li><a id=”l18″ class=”jtitle” href=”http://unjobs.org/vacancies/1473975591291″>LivelihoodsProgram Manager</a>, Relief International</li>
<li><a id=”l19″ class=”jtitle” href=”http://unjobs.org/vacancies/1473932089397″>ERDCash Manager</a>, International Rescue Committee (IRC)</li>
<li><a id=”l20″ class=”jtitle” href=”http://unjobs.org/vacancies/1473932085785″>CommunicationsManager</a>, International Rescue Committee (IRC)</li>
<li><a id=”l21″ class=”jtitle” href=”http://unjobs.org/vacancies/1473891528337″>WASHProgram Manager</a>, Mercy Corps</li>
<li><a id=”l22″ class=”jtitle” href=”http://unjobs.org/vacancies/1473889550870″>Programmeand Partnership Manager</a>, Goal</li>
</ul>
<p><em>(Source: UN)</em></p>

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21 New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Shelter Cluster Technical Coordinator and National Co-Chair, Norwegian Refugee Council (NRC) Head of Support, Norwegian Refugee Council (NRC) Senior Coordination Advisor, United Nations Development Programme (UNDP) International Consultant – Simplification of Work Systems and Procedures, United Nations Development Programme (UNDP) Political Affairs Officer, […]

16 New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Protection Officer, Danish Refugee Council (DRC) Protection Assistant, Danish Refugee Council (DRC) Camp Manager, Danish Refugee Council (DRC) DMU Coordinator (Data Management Unit), International Organization for Migration (IOM) Reporting and Communication officer, United Nations Office for Project Services (UNOPS) M&E Coordinator, […]

CoolClownFish’s Blog – Military Strikes Target ISIL Terrorists in Syria, Iraq

<p>U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday.</p>
<p>Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports.</p>
<p><strong>Strikes in Syria</strong></p>
<p>Attack, bomber, fighter and remotely piloted aircraft conducted 13 strikes in Syria:</p>
<ul>
<li>Near Abu Kamal, two strikes destroyed seven oil tanker trucks.</li>
<li>Near Dayr Az Zawr, five strikes destroyed seven ISIL oil well heads and damaged two supply routes.</li>
<li>Near Manbij, three strikes engaged three ISIL tactical units and destroyed six fighting positions, two weapons caches and a mortar system.</li>
<li>Near Mara, three strikes engaged an ISIL tactical unit and destroyed a vehicle bomb, a vehicle and a heavy machine gun.</li>
</ul>
<p><strong>Strikes in Iraq</strong></p>
<p>Attack, fighter and remotely piloted aircraft as well as rocket artillery conducted 14 strikes in Iraq, coordinated with and in support of Iraq’s government:</p>
<ul>
<li>Near Huwayjah, two strikes engaged two ISIL tactical units and destroyed a watercraft, two vehicles and a vehicle bomb. A vehicle was damaged.</li>
<li>Near Kisik, a strike destroyed an ISIL watercraft.</li>
<li>Near Mosul, six strikes engaged three ISIL tactical units, destroying two vehicles, two tunnels and an anti-air artillery system. Four ISIL fighting positions were damaged.</li>
<li>Near Ramadi, a strike engaged an ISIL tactical unit and destroyed three vehicles, a heavy machine gun and an anti-air artillery system.</li>
<li>Near Sultan Abdallah, four strikes destroyed three ISIL headquarters buildings, a weapons cache and a mortar system.</li>
</ul>
<p>Task force officials define a strike as one or more kinetic events that occur in roughly the same geographic location to produce a single, sometimes cumulative, effect. Therefore, officials explained, a single aircraft delivering a single weapon against a lone ISIL vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against buildings, vehicles and weapon systems in a compound, for example, having the cumulative effect of making those targets harder or impossible for ISIL to use. Accordingly, officials said, they do 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. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike.</p>
<p><strong>Part of Operation Inherent Resolve</strong></p>
<p>The strikes were conducted as part of <a id=”anch_92″ href=”http://www.defense.gov/News/Special-Reports/0814_Inherent-Resolve”target=”_blank”>Operation Inherent Resolve</a>, the operation to eliminate the ISIL terrorist group and the threat it poses to Iraq, Syria, the region and the wider international community. The destruction of targets in Syria and Iraq further limits ISIL’s ability to project terror and conduct operations, officials said.</p>
<p>Coalition nations that have conducted strikes in Syria include the United States, Australia, Bahrain, Canada, Denmark, France, Jordan, the Netherlands, Saudi Arabia, Turkey, the United Arab Emirates and the United Kingdom. Coalition nations that have conducted strikes in Iraq include the United States, Australia, Belgium, Canada, Denmark, France, Jordan, the Netherlands and the United Kingdom.</p>
<p><em>(Source: US Dept of Defense)</em></p>

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Military Strikes Target ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]

CoolClownFish’s Blog – Will Iranian Pilgrims forsake Mecca for Karbala?

<p><em>By Ali Mamouri for <a href=”http://www.al-monitor.com/pulse/originals/2016/08/iraq-italy-marco-carnelos-qais-al-khazali.html”>AlMonitor</a>. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. </em></p>
<p>Saudi newspapers reported Sept. 15 that Shiites are expected to replace their pilgrimage to Mecca with religious visits to Iraq’s Karbala instead.</p>
<p>According Al-Riyadh newspaper, <a href=”http://www.iran-bn.com/”target=”_blank”>Iran</a>’s Supreme Leader Ayatollah Ali Khamenei has issued a fatwa allowing “going on pilgrimage to Karbala and other holy shrines in Iraq instead of Mecca this year.”</p>
<p>The decision came following <a href=”http://www.irdiplomacy.ir/fa/page/1962961/%D8%AF%D8%B1%D8%A8%D8%A7%D8%B1%D9%87+%D8%AD%D8%A7%D8%AF%D8%AB%D9%87+%D9%85%D9%86%D8%A7+%D9%87%DB%8C%D8%A3%D8%AA+%D8%AD%D9%82%DB%8C%D9%82%D8%AA%E2%80%8C%DB%8C%D8%A7%D8%A8+%D8%AA%D8%B4%DA%A9%DB%8C%D9%84+%D8%B4%D9%88%D8%AF.html”target=”_blank”>Khamenei’s scathing comments</a> against the Saudi royal family Sept. 7, addressing it as “a damned malicious tree” and urging the formation of a fact-finding committee to probe last year’s <a href=”http://www.al-monitor.com/pulse/originals/2016/08/iran-mina-stampede-september-24-movie-saudi.html” target=”_blank”>hajj stampede</a> in which <a href=”http://presstv.ir/DetailFa/2015/10/01/431484/Iran-Saudi-Arabia” target=”_blank”>more than 460 Iranians were killed</a>. Khamenei also denounced what he called the kingdom’s poor management of holy places.</p>
<p>Last year, Iran and some other Islamic countries called for withdrawing management of the hajj from Saudi Arabia in favor of a <a href=”http://www.al-monitor.com/pulse/originals/2015/10/saudi-arabia-hajj-stampede-muslim-countries-criticism.html”target=”_blank”>joint Islamic management</a> of the pilgrimage affairs.</p>
<p>The news has gone viral in the Arab media and was taken as fact without any checking. However, no such fatwa by Khamenei has yet appeared.</p>
<p><a href=”https://goo.gl/6Ybe37″target=”_blank”>Al-Azhar’s Council of Senior Scholars</a>, which is widely respected in the global Sunni community, commented, “According to Sharia, pilgrimage ought to be performed at a certain time and to a certain destination. Any visit outside this time frame and location that are set in the Sharia is not considered a valid pilgrimage no matter the fatwas issued to this effect.”</p>
<p>The Saudi Asharq Al-Awsat newspaper reported Sept. 10 that <a href=”http://aawsat.com/home/article/734341/%D8%A8%D8%AF%D9%84%D8%A7%D9%8B-%D9%85%D9%86-%D9%85%D9%83%D8%A9-%D8%B7%D9%87%D8%B1%D8%A7%D9%86-%D8%AA%D8%AF%D9%81%D8%B9-%D8%A8%D9%85%D9%84%D9%8A%D9%88%D9%86-%C2%AB%D8%AD%D8%A7%D8%AC%C2%BB-%D8%A5%D9%84%D9%89-%D9″target=”_blank”>1 million Iranians had flocked to Karbala</a> to perform their pilgrimage instead of visiting Mecca in the time of hajj. However, according to the <a href=”http://www.nrttv.com/AR/Detail.aspx?Jimare=28732″ target=”_blank”>Iranian consul in Karbala</a>, there were no more than 60,000 Iranian pilgrims there at the time of the Asharq Al-Awsat report.</p>

<a href=”http://www.iraq-businessnews.com/2016/09/26/will-iranian-pilgrims-forsake-mecca-for-karbala/”class=’bbc_url’ rel=’nofollow external’>Source</a>

Will Iranian Pilgrims forsake Mecca for Karbala?

By Ali Mamouri for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.  Saudi newspapers reported Sept. 15 that Shiites are expected to replace their pilgrimage to Mecca with religious visits to Iraq’s Karbala instead. According Al-Riyadh newspaper, Iran’s Supreme Leader Ayatollah Ali […]

CoolClownFish’s Blog – Video: Kurdistan Struggles to Accommodate IDPs

<p><em>By Adnan Abu Zeed for <a href=”http://www.al-monitor.com/pulse/originals/2016/08/pmu-iraq-army-national-guard.html”>AlMonitor</a>. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. </em></p>
<p>Iraq is facing a humanitarian crisis with more than 3 million people displaced by fighting over the past two years.</p>
<p>Many Arabs have found sanctuary in the northern Kurdish region.</p>
<p>But while they’re being welcomed as guests, the region’s struggling to cope with its swelling population.</p>
<p><em>Al Jazeera</em>‘s Natasha Ghoneim reports from Shaqlawa in the Kurdish region of northern Iraq:</p>
<p><iframe class=’youtube-player’ type=’text/html’ width=’640′ height=’390′ src=’http://www.youtube.com/embed/5xs7I8XAFTo?version=3&rel=1&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&wmode=transparent’allowfullscreen=’true’ style=’border:0;’></iframe></p>

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Video: Kurdistan Struggles to Accommodate IDPs

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Iraq is facing a humanitarian crisis with more than 3 million people displaced by fighting over the past two years. Many Arabs have found sanctuary in the northern […]