Monthly Archives: May 2015


Urgent Funding Needed for Health Care Projects

If urgently needed funds are not secured by the end of June 2015, more than 84% of health care projects serving populations in need in Iraq will be forced to close.

If this happens, more than 3 million refugees, internally displaced persons and host communities will not have access to the treatment and care that these projects provide.

The World Health Organization (WHO) calls on donors to urgently provide financial support to prevent further avoidable deaths and additional suffering for millions of the most vulnerable people in Iraq.

The closure of these projects means the suspension of critical services, such as trauma care, nutrition supplementation, primary health care, outbreak detection and management, immunization for children and reproductive health care in 10 out of 18 governorates in Iraqi. These governorates are: Missan, Basrah, Sulaymania, Ninwan, Najaf, Kirkuk, Karbala, Erbil, Diala, Dohuk, Baghdad and Anbar.

Deteriorating health situation

The recent escalation of violence in Ramadi has magnified the suffering of civilians, in particular, the sick, older people, children and pregnant women.

Since 15 May 2015, according to the United Nations, an estimated 55 980 people have been displaced and dispersed to over 65 locations inside Anbar, and to different northern, central, and southern parts of the country, bringing the number of people displaced to nearly 190 000. This population is in dire need of urgent humanitarian support, including access to health services.

Bremer: We did a Good Job in Iraq

From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

CNN’s Hala Gorani speaks to Paul Bremer, former U.S. administrator in Iraq, about what he’d recommend President Obama do about ISIS’ gains in Iraq:

Video: Iraq Enlists more Sunni Fighters

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

Earlier this week Iraq enlisted more Sunni fighters to join the battle against ISIL in the Sunni-dominated Anbar province.

But despite this, many Sunnis are still suspicious and angry and say the government has ignored them. They say that the fight to retake Anbar province should be a Sunni-led operation and not led by the Shia militias as it is at the moment.

Sunni groups have been long suspicious of the Shia-led government, which is accused of pursuing sectarian and discriminatory policies.

They say it was Sunni forces who won the battle seven years ago to get rid of al-Qaeda in Iraq, a predecessor to ISIL.

But after that victory, they say the government reneged on its promise to bring them into the national army and abandoned them. That led to the rise of ISIL.

Imran Khan reports:

Anti-ISIS Musicians give Cause for Hope

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.

Activism Rising in Baghdad: Anti-ISIS Musicians, Bloggers and Volunteer Builders give Iraqis Cause for Hope

It’s becoming something of a habit for Karim Wasfi, cellist and conductor with the Iraqi National Symphony Orchestra. In the days following a bombing in Baghdad Wasfi has been going to the site of the damage or of other violent incidents and playing his cello in the ruins. On May 20, he was at it again.

The message I want to deliver is that the sound of music and of life is louder than destruction, killing , displacement and looting,” Wasfi explained.

I am just one of the people in this country who is suffering everyday. But we also all love life and art. I feel so happy when I play in the aftermath of a bomb because I feel that music has the potential to build the place up again. Music helps people strive to build things up again, it revives hopes and it assures them that there is a future.

Cleaning the site of a bombing up isn’t enough,” Wasfi concludes. “We need music because this is the sound of life and of peace, it reminds people of the beauty that is possible in life and expels the ugliness.

Wasfi even made it to the site of recent riots in Baghdad. On May 13, Shiite Muslim pilgrims were heading through the mostly Sunni-Muslim neighbourhood of Adhamiya to visit a nearby shrine when alarm spread through the crowd; rumour had it there was a Sunni suicide bomber in their midst.

This set off panic and then calls for revenge, which were then acted out upon homes and locals in the Sunni neighbourhood. Houses were torched, locals were injured and a building belonging to the Sunni endowment, the body that manages funding for Sunni religious organisations and mosques, was damaged.

Yet, somewhat surprisingly considering the roads were all blocked, shortly after the riots stopped, Wasfi managed to get there and he began playing his cello again.

Thanks to Extremism, Iraqis Revive Ancient Religion

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.

The One, True Kurdish Prophet? Thanks to ISIS’ Extremism, Iraqis Revive Ancient Religion

One of the smallest and oldest religions in the world is experiencing a revival in the semi-autonomous region of Iraqi Kurdistan.

The religion has deep Kurdish roots – it was founded by Zoroaster, also known as Zarathustra, who was born in the Kurdish part of Iran and the religion’s sacred book, the Avesta, was written in an ancient language from which the Kurdish language derives.

However this century it is estimated that there are only around 190,000 believers in the world – as Islam became the dominant religion in the region during the 7th century, Zoroastrianism more or less disappeared.

Until – quite possibly – now. For the first time in over a thousand years, locals in a rural part of Sulaymaniyah province conducted an ancient ceremony on May 1, whereby followers put on a special belt that signifies they are ready to serve the religion and observe its tenets. It would be akin to a baptism in the Christian faith.

The newly pledged Zoroastrians have said that they will organise similar ceremonies elsewhere in Iraqi Kurdistan and they have also asked permission to build up to 12 temples inside the region, which has its own borders, military and Parliament.

Zoroastrians are also visiting government departments in Iraqi Kurdistan and they have asked that Zoroastrianism be acknowledged as a religion officially. They even have their own anthem and many locals are attending Zoroastrian events and responding to Zoroastrian organisations and pages on social media.

Although as yet there are no official numbers as to how many Kurdish locals are actually turning to this religion, there is certainly a lot of discussion about it. And those who are already Zoroastrians believe that as soon as locals learn more about the religion, their numbers will increase.

Indonesia stocks lower at close of trade; IDX Composite Index down 0.40%

Investing.com –

Investing.com – Indonesia stocks were lower after the close on Friday, as losses in the Mining, Consumer Industry and Miscellaneous Industry sectors led shares lower.

At the close in Jakarta, the IDX Composite Index declined 0.40%.

The best performers of the session on the IDX Composite Index were Alakasa Industrindo Tbk (JK:ALKA), which rose 25.00% or 120 points to trade at 600 at the close. Meanwhile, Inti Kapuas Arowana Tbk (JK:IIKP) added 20.65% or 640.00 points to end at 3740.00 and Eka Sari Lorena Transport Tbk (JK:LRNA) was up 10.81% or 16.00 points to 164.00 in late trade.

The worst performers of the session were Bank Agris Tbk (JK:AGRS), which fell 15.15% or 20.00 points to trade at 112.00 at the close. Equity Development Investment (JK:GSMF) declined 13.08% or 14 points to end at 93 and Voksel Electric Tbk (JK:VOKS) was down 12.75% or 95 points to 650.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 195 to 132 and 42 ended unchanged.

Shares in Bank Agris Tbk (JK:AGRS) fell to all time lows; down 15.15% or 20.00 to 112.00. Shares in Inti Kapuas Arowana Tbk (JK:IIKP) rose to all time highs; gaining 20.65% or 640.00 to 3740.00.

Crude oil for July delivery was up 1.38% or 0.80 to $58.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.07% or 0.67 to hit $63.25 a barrel, while the August Gold contract rose 0.10% or 1.20 to trade at $1190.00 a troy ounce.

USD/IDR was up 0.20% to 13221.0, while AUD/IDR rose 0.30% to 10076.75.

The US Dollar Index was down 0.18% at 96.95.

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India GDP 7.5% vs. 7.3% forecast

Investing.com – dia’s gross domestic product remained unchanged unexpectedly last quarter, official data showed on Friday.

In a report, Ministry of Statistics and Programme Implementation said that Indian GDP remained unchanged at a seasonally adjusted 7.5%, from 7.5% in the preceding quarter.

Analysts had expected Indian GDP to fall to 7.3% last quarterInvesting.com
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Chilean industrial production 0.8% vs. -1.5% forecast

Investing.com – dustrial production in Chile rose more-than-expected last month, official data showed on Friday.

In a report, Estadisticas de Chile said that Chilean Industrial Production rose to 0.8%, from -2.8% in the preceding month.

Analysts had expected Chilean Industrial Production to rise to -1.5% lInvesting.com
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Millionday Saturday Night News Part 2 of 2

Millionday News 5/30/15  Part 2 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOTE — THEY WITNESSED THE HCL (OIL AND GAS LAW) TODAY TO HELP TO MOVE IT FORWARD WITH PROVINCE INPUT –/HELP

Millionday: He said, “We are serious about moving forward with this policy, and the effort now is to ask the oil law and gas and to speed up legitimizes “stressing the need to” create a good relationship between local governments and the people of the provinces and the Ministry and its companies and investment companies to maintain the sustainability of oil production, upon which Iraq’s economy directly. ” 

He said, “We meet today with local governments in the provinces to solve all the problems and chart a course for the future roadmap,

 This is the third meeting, “adding that” the two previous meetings were introductory and try to get into this meeting more detail and deeper

Millionday: NOTE — THE GOAL IS TO HURRY IT UP
~~~

Millionday: “he said.” The meeting focused on three main axes are the relationships between local governments and the people of the provinces and the federal government and companies operating in Iraq, “noting that” contracts the last oil goes deduced from these relations,

 but nevertheless, those contracts that provide the oil production, and that the federal budget dependent on oil significantly, both what achieve those contracts of acceleration in production or a slowdown. “

He noted Abdul-Mahdi, that “oil and economic battle no less important than the battle on the battlefield, “he said,” you can see how terrorists offers Daash of losses in the Baiji refinery in their quest for control of the oil fields, because their need for fuel not less than their need for a weapon

“and praised at the same time, to” the efforts of the armed forces and the Peshmerga, which trying to pay Daash away from the oil fields. “

Millionday: NOTE — THE IMPORTANCE OF THE CONTRACTS FOR OIL PRODUCTIONS AND PRODUCTS ARE PRICELESS — THEY CAN NOT LOSE THEM AND NEED TO HURRY UP

Millionday: For his part, the price of the governor of Maysan Ali Douai, Oil Minister Adel Abdul-Mahdi initiative, on the lifting of injustice, marginalization and end the state of the oil the intersection for the provinces.

He said Douai in a speech during the meeting, that “Maysan serious follow all the plans and investment projects, it is that she is suffering like the rest of the provinces of Governments transfer

“stressing the importance of granting the provinces wider powers in the areas of development of oil projects to achieve breakthroughs quality and investment in this aspect.”

Millionday: NOTE — HUGE IMPORTANCE OF OIL DEVELOPMENT POWERS IN THE PROVINCES AND ALSO REMEMBER THAT CBI IS SENDING BUDGET MONIES TO PROVINCES

Millionday: While male governor of Babylon honest meaning of Royal, said that “deliberative meeting was fruitful , and discussed the establishment of Msfii cliff victory and rump and the formation of a ministerial committee for cooperation with the province,

said the governor of Basra Majed Nasraoui agreed to take the appropriate side of the oil Committees, into consideration industrial coexistence, through the formation of a special office of the Southern Oil and producing provinces to him. “

Millionday: THE GOVERNOR OF BASRA AGREED TO TAKE A SIDE IN THIS OIL COMMITTEE —

Millionday: WHOOOPOW — TODAY

Millionday: Rafidain Bank announced, on Saturday, the existence of an ongoing bilateral cooperation with the International Monetary Fund in the context of providing advice regarding the development of the work of banks in the country.

The general director of the bank on behalf of al-Hassani said in a statement responded to Twilight News, she said the Rafidain Bank began advanced steps with regard to his bank to be parallel with his counterparts in the countries of the world.

He noted that the Rafidain Bank is one of the main pillars of the national economy and financial trading in Iraq and by virtue of its strong financial position.

Millionday: SO RAFIDAIN BANK HAS LAUNCHED INTERNATIONAL BANKING AND IMF IS THERE TO HELP WITH THIS HUGE STEP WE HAVE BEEN WAITING ON

beth: They have launched or are going to launch?

Millionday: Rafidain Bank began advanced steps with regard to his bank to be parallel with his counterparts in the countries of the world.

Millionday: Rafidain Bank began advanced steps with regard to his bank to be parallel with his counterparts in the countries of the world.

Millionday: Rafidain Bank began advanced steps with regard to his bank to be parallel with his counterparts in the countries of the world.

Millionday: HAVE

Millionday: LOVE IT

Millionday: IT HAS BEGUN

jarhead: if these articles are in fact true we may just be real close …………..wow

Millionday: I AGREE

karl4: is this the date we wait for?

karl4: now? if they have began “now”

Millionday: NO WE ARE WAITING FOR THE RATE OF THE US DOLLAR TO CHANGE TO AN EXCHANGE RATE THAT WILL MAKE US A PROFIT —

quicktolegit96: What laws did they pass today?

Millionday: I HAVE NOT BROUGHT THAT YET — COMING UP

1glen: Are they saying when they will have their calculations done for the exchange rate?

Millionday: NO DATE GIVEN YET

da58: what do you think ‘begin advanced steps’ – involves?

da58: wondering what stage they might be in

da58: ‘advanced’ being a key word here I’d think..

Millionday: THE ADVANCED STEPS WOULD BE THE BASEL COMPLIANCE — INTERNATIONAL COMPLIANCE WITH BANKING AND ACCOUNTING

Millionday: National Alliance parliamentary bloc, headed by a member of the board of the House of Representatives held the presidency of Sheikh d. Hamoudi, a regular meeting today to discuss the second reading of the draft law of the National Guard and unify positions towards him.

A press release said the newspaper got (E-righteousness) a copy of it on Saturday: It was discussed during the meeting notes the Prime Minister on the law so as to contribute to accelerate the approval as soon as possible.

The statement stressed the need for coordination with the various political blocs with a view to the adoption of important laws, particularly the National Guard.

Millionday: SO HERE WAS A SMALL REPORT ON THE WORK DONE TRYING TO RESOLVE IMPORTANT LAWS

.VIP.blossom: Do you know if they are meeting on Sun I saw an article they were going too?

Millionday: YES THEY ARE MEETING ON SUNDAY

Millionday: NOTE — THIS IS VERY IMPORTANT

Millionday: HERE WE GO — THIS IS A HUGE REQUIREMENT THAT SHOWS US WHERE THEY ARE AND THE POSITION THEY ARE IN BANKING AND THE MARKET DUE TO THE RESULT BEING INTEREST RATES

Millionday: AND A REQUIREMENT OF THE WTO OF COURSE

Millionday: Hashemi said Iraq’s intention to issue IOUs sovereign, internal and external, for the purpose of finding funding to cover the budget, which is estimated at about a quarter of the amount of the budget for the current year’s 119 trillion and 585 billion and 322 million and 783 000 dinars deficit.

According to Article ( 2 / II / a) of the budget law, the amount of the deficit is covered from internal and external borrowing, and because Iraq lacks the credit rating of the three global agencies,

it speed up access to this category for the purpose of issuing foreign bonds fact that the tenure for rating supports its strength in international markets.

Millionday: NOTE — IRAQ IS WORKING TO GET ALL THREE CREDIT RATINGS FOR THE BONDS IN THE >>>>>>>>>>>INTERNATIONAL MARKET<<<<<<<<<<

Millionday: In This connection between economic academic d. Essam Mohamed importance of obtaining the credit rating of sovereign bonds (external) by saying that the degree classification give investors a clear view of a road map of their investments in the country,

especially on the subject of the bond because it determines that a range of circulation in the global bond markets after identifying risks.

He said Mohammed in an interview for the “morning” : that Iraq is capable of issuing such bonds because it possesses previous experience when called Paris Club bonds years ago and is due for repayment in 2028 year.

Millionday: NOTE — THE CREDIT RATING BRINGS THEM TO THE RANGE FOR THE BONDS TO BE INVESTED IN– MEANING WHERE THE RISK IS WITHIN THEIR ESTABLISHED OR AGREED UPON RANGE

Millionday: READ EVERY WORD >>>The Finance Minister Hoshyar Zebari said that Iraq is considering denominated international bond issue in dollars for five years worth of five billion dollars to help him Plug in the budget.

Wade Mohammed is the view of experts and specialists that Iraq enjoys a good reputation in terms of its financial obligations and possesses resources that qualify it paid off its foreign debt at maturity.

He was economic adviser to Prime Minister Dr. The appearance of Mohammed Saleh said the “morning” earlier: that Iraq lacks the sovereign credit rating but bonds issued by to extinguish the Paris Club debt rated close to those countries that have such a rating awarded Iraq.

Millionday: He explained that the interest rate and the discount rate on the Iraqi offered bonds in Earlier it is approaching the price of some countries that have rated sovereign, pointing out that the classification of Iraq’s credit, although he did not officially yet determined,

Vhually probably at a temperature -B returned him well and cause an indication of optimism, saying: that this place is an official but set the intensity of turnout on the purchase of Iraqi bonds raised by accordance with the Paris Club and sold in global markets, amounting to $ 2.7 billion annual steady at 5.8 percent interest rate.

so it looked Committee on Economic Affairs with the competent authorities to issue external loan bonds and influence positive to get a credit rating from international rating agencies.
Millionday: NOTE — IT WOULD BE VERY HARD FOR THEM TO HAVE THE RATINGS WITH SO MUCH TIME GONE BY

Millionday: NOTE — THIS IS A MASSIVE MEETING

Millionday: came that by hosting the Committee for each of the Chairman of the Finance Committee Dr. Ahmed Chalabi and head of the economic and investment commission Jawad al-Bolani, the Parliamentary, in the presence of financial banks representatives (Cleary Office Gottlieb Steen & Hamilton LLP, Citibank and Deutsche bank and Jp Morgan), 

to discuss the article (2 / Second / a) of the Federal General Budget about the version of the external loan bonds law and what the expected results of the issuance of those bonds.

Millionday: NOTE — OBVIOUSLY IT IS NOT A SECRET THAT WITH THESE PLAYERS AT THE MEETING — THIS IS IMPORTANT AND ALSO

Millionday: NOTE – THE RESULTS? — THAT MUST HAVE BEEN AN INTERESTING CONVERSATIONS

Millionday: NOTE — OBVIOUSLY THIS PRIVATE MEETING IS HUGE AND IS FOR THE ECONOMIC DEVELOPMENT OF IRAQ

Millionday: As discussed the positive impact resulting from obtaining a credit from international rating agencies rating to support the economy and the construction and reconstruction in Iraq by increasing the financial resources of the state derived from These bonds. 

The Committee on Economic Affairs was formed under the chairmanship of Deputy Prime Minister D.roژ Nuri Shaways and membership of ministers (finance, planning, commerce, agriculture) and Chairman of the National Authority for Investment and Advisor to the Prime Minister for Economic Affairs and Deputy Secretary General of the Council of Ministers of Finance and Administrative Affairs and the Director of the Legal Department of the Office Prime Minister.

Millionday: SO — THEIR GOAL IS TO GET THEIR CREDIT RATING — THIS IS USED FOR THE COUNTRY`S INTEREST RATE FOR INTERNATIONAL AGREEMENTS–AND ALL CREDIT PURPOSES

zena: MD, I hope this question isn’t crazy, but do we have to wait for their credit rating to be what it should be, before we see the rv?

Millionday: THE CREDIT RATING IS IMPORTANT TO THEM AND THE VALUES OF CURRENCY IS AS WELL BUT THEY SHOULD “SHOW THEIR HAND” IMO IF THEY WANT THEIR CREDIT RATING

Millionday: GOOD TO SEE YOU ALL — NEWS ROCKS

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POPPY3 & ALREADY BLESSED UPDATES, 30 MAY

[poppy3] RICH FRIENDS LET ME SAY THAT ABADI, JABOURI AND THE TEMP CBI LEADER STATED TO THE ENTIRE PUBLIC OF IRAQ THEY WANTED FINANCIAL REFORM IN MAY …..WELL IT APPEARS THEY MAY HAVE MISSED THE DATE BUT ALSO THAT THEY ARN’T OR HAVEN’T MISSED IT BY MUCH AT ALL.THEY HAVEN’T ALLOWED A DAY OFF FOR ANY OF PARLIAMENT OR THE COMMITTEE’S IN OVER 3 MONTHS AND ARE STILL SAYING NO TIME OFF TILL THEIR JOB