Monthly Archives: September 2017


L-3 Wins Another Iraq Order

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)

Iraq is Iran’s 2nd Biggest Non-Oil Customer

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)

In Basra, Fighting Rising Temperatures With Trees

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.”

RECAP: OKIE HIGHLIGHTS ( AUGUST, 2017)

Okie:  Hello America,  ships at sea and all our world wide friends….I’m very pleased to be here…It’s been quite a ride for all of us…If we were cowboys we would all have saddle sores.Prayerfully, things have finally come to where we can have something to look forward to….I have some information tonight I wish to furnish from second from the top individual….and I am only furnishing the

Bank Story, 24 SEPT

CaptWillie:We heard from our bank vp family friend tonight. He told us that the screen “buy” rate is $3.52 on the Dinar and $0.39 on the Dong. (Remember, we can negotiate the spread.) Wells Fargo is ready and they’re just waiting to get the “Go Signal” from the government.The VP said that they haven’t been trained on the contract rate and he doesn’t know anything about it. He also said that they

IQD CHAT UPDATED, 24 SEPT

xyz: A source at the Central Bank: The video that showed the fund for the receipt of Iraqi funds fabricatedhttp://translate.google.com/translate?u=http://www.alsumaria.tv/news/216535/- An official source in the Iraqi Central Bank said on Saturday that the video showing the receipt of Iraqi funds is “fabricated”, pointing out that this aims to disrupt the government’s successes in crossing the

DINAR GURUS UPDATE, 23 SEPT

9-23-2017   Newshound Guru G-Lin  Article:  “The World Bank is asking the Iraqi government to provide jobs to restore confidence with citizens”   …art. last week from IMF was very emphatic with their instructions. Increase your value and eliminate MCP. I think they are waiting for the security issue they have talked about for 2 years now. And they are very close to accomplishing their fight

DINAR IRAQ & DONG VIETNAM UPDATE, 23 SEPT

Al-Luaibi described the Kuwaiti side’s endorsement of “the great achievement achieved after decades, which puts things in perspective and contributes to the settlement of all outstanding issues between the two countries and works to strengthen bilateral relations and expand investment opportunities and prospects for joint cooperation.”
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Al-Amiri: This is what remains of the declaration of