Security Council Unanimously Extends UNITAD Mandate

The Security Council decided unanimously today to extend the mandate of the United Nations Investigative Team to Promote Accountability for Crimes Committed by Da’esh/ISIL (UNITAD) until 18 September 2021.

The extension, reflected in resolution S/RES/2544 (2020), was made at the request of the Government of Iraq.

Special Adviser and Head of the Investigative Team, Karim Asad Ahmad Khan QC (pictured) welcomed the unanimity of the Council’s decision as a demonstration of the continued collective will of the international community and the Government of Iraq to work side-by-side in pursuit of justice and accountability for the victims and survivors of Da’esh crimes.

Expressing his appreciation for the continued support of the Government of Iraq for the mandate and work of the Team, the Special Adviser underlined the commitment of UNITAD to continue to work closely with Iraqi authorities in the implementation of its mandate.

Special Adviser Khan emphasized that “since the start of our work in Iraq in late 2018, the realization of our mandate and the fulfillment of the promise made to survivors through Council resolution 2379 (2017) has relied on a unique partnership between our Team, Iraqi authorities, impacted communities and all States. I am delighted that, upon the request of the Government of Iraq, the Council has again underlined its unanimous support for this work, and I look forward to building on the progress made to date with our Iraqi counterparts in the coming year”.

Established through resolution 2379 (2017), the Investigative Team is mandated to support efforts to hold members of ISIL/Da’esh accountable for War Crimes, Crimes Against Humanity and Genocide they committed in Iraq.

Special Adviser Khan last briefed the Security Council on 15 June (See Statement as delivered).

(Source: UN)

The post Security Council Extends UNITAD Mandate first appeared on Iraq Business News.

By John Lee.

India has created an air bubble arrangement with Iraq. Indian and Iraqi carriers are now permitted to operate services between India and Iraq and carry the following categories of persons on such flights:

A. From India to Iraq

i. Nationals/residents of Iraq;

ii. Any Indian national holding any type of valid visa from Iraq and destined for Iraq only. It would be for the airlines concerned to ensure that there is no travel restriction for Indian nationals to enter Iraq with the particular visa category before issue of ticket/ boarding pass to the Indian passenger.

B. From Iraq to India

i. Indian nationals stranded in Iraq;

ii. All Overseas Citizen of India (OCI) cardholders holding passports of Iraq; and

iii. Nationals of Iraq (including diplomats), holding valid visa issued by an Indian Mission in any category covered under Ministry of Home Affairs (MHA) guidelines dated 30.06.2020 as amended from time to time.

(Source: Indian Ministry of Civil Aviation)

The post India creates Air Transport Bubble with Iraq first appeared on Iraq Business News.

By Al Monitor staff. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

US gives Iraqi Kurdistan Peshmerga $250 million worth of Humvees, Ammo

The United States provided $250 million worth of military equipment to the Kurdistan Regional Government’s peshmerga forces on Tuesday.

Click here to read the full story.

The post US gives Peshmerga 0m worth of Humvees, Ammo first appeared on Iraq Business News.

By John Lee.

The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi, at which it discussed how to improve the organisation of the public sector.

The Prime Minister asked the Minister of Planning to form and lead a working group responsible for collecting data that will count the number of active state employees.

The working group, chaired by the Minister of Planning, Khaled Battal Al-Najm, will include the following members:

  • The Prime Minister’s Advisor
  • A representative of the Financial Supervision Bureau
  • Director General of the Central Bureau of Statistics
  • A representative of the Ministry of Trade
  • A representative of the Ministry of Labour and Social Affairs
  • A representative from the Ministry of Interior
  • A representative from the Ministry of Defense.

(Source: Govt of Iraq)

The post Iraqi Govt to Collect Data on “Ghost Workers” first appeared on Iraq Business News.

Iraq Forms Delegation to Negotiate Water Share with Iran, Turkey

The Iraqi Foreign Relations Committee in Parliament formed a special delegation headed by the Minister of Water Resources, Mahdi Rashid Al-Hamdani, to resolve the water file with Iran and Turkey.

The committee’s rapporteur, MP Iqbal Abdul Hussein, said the Ministry of Foreign Affairs had been informed of the formation of the delegation under the direction of Prime Minister Mustafa Al-Kadhimi, the Iraqi News Agency (INA) reported.

The negotiations delegation will seek to have serious solutions to releasing the shared water, and not establishing more dams, which have turned a number of regions in Iraq into deserts, as well as cut off a lot of water from agricultural areas,” she added.

The committee stressed on the importance that the negotiating team succeeds in resolving the water crisis and using economic relations “as a means to pressure Iran and Turkey” to resolve the water file.

(Source: Tasnim, under Creative Commons licence)

The post Iraq to Negotiate Water Share with Iran, Turkey first appeared on Iraq Business News.

By John Lee.

DNO, the Norwegian oil and gas operator with significant operations in Iraqi Kurdistan, has released its 2019 Social Corporate Responsibility Report.

Please click here to download.

(Source: DNO)

The post DNO publishes Corporate Social Responsibility (CSR) Report first appeared on Iraq Business News.

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Sept 2020).

Please click here to view a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD673 (+3.9%) / $705 (+3.9%) (weekly change) (+2.2% and +0.5% YTD change, respectively). The number of week traded shares was 8.2 bn and the weekly trading volume was IQD7.4 bn ($6.0 mn).

ISX Company Announcements

  • The Iraq Stock Exchange (ISX) is pleased to invite those interested in dealing with shares of Joint Stock Companies listed on the ISX to participate in the introductory lecture on Zoom that will be held on Tuesday (Sep. 27, 2020) at 12:30 pm Baghdad time. The lecture will be free and the recording will be published by the ISX. Meeting ID: 87153812486, meeting password: 127792. For the link of the lecture, please click HERE.
  • Fallujah for Construction Materials (IFCM) will hold an AGM on Oct. 11, 2020 to discuss and approve 2017 annual financial statements and to elect 5 original and 5 alternative board members. The company has been suspended from trading since Jul. 6, 2015 due to not disclosing 2014 – 2018 annual financial statements and 2015 – 2018 quarterly results.
  • ISX will suspend trading of AL Arabiya Islamic Bank (BAAI) starting Sep. 28, 2020 due to the AGM that will be held on Oct. 1, 2020 to discuss and approve 2019 annual financial statements, the company’s dividends for the ending year 2019, profit from currency window purchase and sale, purchase of Express Payment Company for electronic payment LLC., establishing a brokerage company, establishing AL Arabiya Exchange Company/ Joint Stock Company, eliminating non-operating subsidiaries, and electing 7 original and 7 alternative board members.
  • Kharkh Tour Amusement City (SKTA) will resume trading on Sep. 20, 2020 after its AGM held on Sep. 7, 2020 in which they discussed and approved 2018 annual financial statements and deciding to amortize 25% of the accumulated deficit.
  • ISX will suspend trading of National Company for Tourism Investment (HNTI) starting Sep. 25, 2020 due to the GA that will be held on Sep. 29, 2020 to discuss appointing an inspection committee based on articles 140 – 134 of the Companies Law.
  • ISX will suspend trading of Al Mustashar Islamic Bank for Invest. & Finan. (BMUI) starting Sep. 23, 2020 due to the AGM that will be held on Sep. 28, 2020 to discuss and approve 2019 annual financial statements.

The post Iraq Stock Market now Positive Year-to-Date first appeared on Iraq Business News.

Iraq launches National Adaptation Plan process for climate change resilience

The Government of Iraq, in partnership with the UN Environment Programme (UNEP), has launched a process to develop a National Adaptation Plan (NAP) to build the country’s resilience to climate change.

The NAP process aims to reduce vulnerability to the negative impacts of climate change, especially in developing countries, through strategic planning based on projections of future climate change. NAPs are seen as one of the most important mechanisms for adapting to climate change.

The three-year project, funded by the Green Climate Fund (GCF) with over USD$2.5m, will support Iraq to formulate and implement its NAP, with a particular focus on strengthening institutional, technical and financial capacities to ensure that medium- to long-term adaptation needs are integrated into national development planning.

The project launch event was held virtually on 16 September, in the presence of the Ministry of Health and Environment in Iraq, the Nationally Designated Authority (NDA) committee, representatives of other Iraqi ministries, the National Committee on Climate Change, local non-governmental organizations, and representatives from UN organizations working in the country.

In his opening remarks, Dr. Jasim Humadi, Deputy Minister of Health and Environment in Iraq and National Focal Point of GCF, said:

“According to the GEO-6 report issued by UNEP, Iraq is classified as the fifth most vulnerable country in the world to decreased water and food availability and extreme temperatures, which will negatively affect food security, water security, social security and health security in Iraq. This project will support national efforts that focus on increasing Iraq’s adaptive capacity, increasing the resilience of affected sectors, increasing the awareness and preparedness of rural communities, supporting youth and women, and achieving the 2030 Sustainable Development Goals.”

A key aspect of Iraq’s NAP process is to identify, assess and bridge existing gaps in climate knowledge, as these gaps constitute barriers to long-term climate planning across local, regional and national planning processes. Climate risk assessments will be carried out to identify the livelihoods and sectors most threatened by climate impacts, as well as the most urgent adaptation priorities.

UNEP’s Regional Director and Representative in West Asia, Sami Dimassi, noted:

“The impacts of climate change on development in Iraq are already being experienced. This new project aims to reduce vulnerability to the impacts of climate change by strengthening the country’s adaptive capacity and preparing the ground for future adaptation planning and projects. UNEP is proud to be the executing entity for the project and remains deeply committed to its core mandate of facilitating environmental governance and working with the Government of Iraq to ensure the NAP process allows for building back better.”

Irena Vojáčková-Sollorano (pictured), the UN Resident Coordinator for Iraq said:

“The development of this National Adaptation Plan could not be more important for Iraq as it is a country highly vulnerable to the impacts of climate change. The United Nations stands ready to assist Iraq to further strengthen institutional and technical capacities. We will make the best use of the mandates and expertise of our system to deliver as one today and beyond the lifespan of the project.”

Climate change in Iraq is expected to reduce annual rainfall, which will lead to a surge in dust storms, a reduction in agricultural productivity, and increased water scarcity. These challenges are likely to have serious impacts on the health of the people of Iraq, as well as the agricultural and industry sectors, which contribute significantly to the Iraq’s GDP.

(Source: UN)

The post Iraq launches Plan for Climate Change Resilience first appeared on Iraq Business News.

By John Lee.

Iraq’s Commission on Integrity has issued a warrants for the arrest of the governor of Kirkuk, the director of school buildings in the governorate, along with 23 employees.

The are accused of misappropriating nearly 58 billion Iraqi dinars ($49 million) in relation to a school-building programme.

The project was assigned to a foreign-based company, which is alleged to have altered the designs of the schools, which were then built using a cheaper, pre-fabricated method of construction.

Kurdistan24 names the governor as Rakan al-Jabouri.

More here and here.

(Source: Commission on Integrity, Kurdistan24)

The post m Corruption Allegation in Kirkuk first appeared on Iraq Business News.

Iraqi Government and Oil and Gas Industry Thought Leaders to Speak at Iraq Petroleum Virtual Event

  • Annual Conference set to navigate the future of the oil and gas industry in Iraq
  • Conference will include online conference sessions available live and on demand for all attendees
  • Delegates will gain insights into the latest policy and project announcements in the oil and gas sector in Iraq as well as the key recovery strategies post pandemic
  • Virtual Event will take place on 20 – 21 October through an interactive platform

CWC and Global Future Energy’s Iraq Petroleum Virtual Conference will include 6 content-rich panel sessions, enabling the oil and gas industry stakeholders to connect and engage with each other virtually to address current issues and facilitate practical solutions to advance the industry in these challenging times.

The Iraq Petroleum Virtual Conference constitutes of Ministerial Panel, Leader’s Session, a Spotlight Session on Kurdistan Iraq Economic Relations and executive panels delivered by thought industry experts. The conference will provide exclusive information, maps and updates on unrivalled opportunities and upcoming projects.

Iraq Petroleum attendees will gain all necessary tools to swiftly adapt their businesses to the post-lockdown environment. In light of the unprecedented circumstances and arising opportunities, the decision-makers and influencers from across the industry will get together to unlock new business opportunities on all levels of the energy industry at Iraq’s most-established and longest-running energy event, the Iraq Petroleum Conference, and discuss:

  • Iraq’s potential as a game changer in the global energy markets; how could Iraq reach its full potential?
  • How could Iraq build a new breed of NOC-backed by trading houses?
  • How could Iraq expand its crude oil market beyond the current buyers?
  • Iraq’s next chapter of upstream investment: How to reform Iraq’s upstream service contracts; what is the way forward?
  • Post pandemic lessons: How to accelerate the digital transformation of Iraq’s energy sector?
  • Iraq’s Electricity: Revolutionizing the Industry; What are Iraq’s priorities post pandemic?
  • Do International Oil Companies plan to build portfolios in Iraq through investments in various parts of the value chain?
  • What are Iraq’s projected gas plans in 2020-2030?

Over the past decade, the CWC Iraq Portfolio has hosted over 100+ Ministers and Senior Officials at various events. Now in its 14th year, Iraq Petroleum will again provide the only platform for oil and gas stakeholders in Iraq to convene. These high-calibre events are held with the support and participation of the new Federal Iraqi Government, the Federal Ministry of Oil, Federal Ministry of Electricity, the Iraqi Federal Parliament, REFAATO as well as considerable sponsors including Lukoil, Mitsubishi and ILF.

Speakers will include:

  1. HE Ihsan Abduljabbar Ismaael Al-Saade, Minister of Oil, Federal Government of Iraq
  2. HE Nafaa Abdulsada Ali Al-Hmidawi, Senior Deputy Minister, Ministry of Electricity, Federal Government of Iraq
  3. Matthew M. Zais, PhD Principal Deputy Assistant Secretary, Office of International Affairs, US Department of Energy
  4. HE Matthew H. Tueller, U.S. Ambassador to Iraq, United States Embassy, Iraq
  5. Husam Hussein Weli, Director General, South Refineries Ministry of Oil, Federal Government of Iraq
  6. Dr Khalid Al-Yaqoobi, Director General, President of Iraq Office, Iraq Presidency, Federal Government of Iraq
  7. Egor Zubarev, Managing Director, LUKOIL Mid-East Limited
  8. Zaid Elyaseri, Head of Country, BP Iraq

For further information, visit https://www.cwciraqpetroleum.com/

To access the full programme, please click here.

The post Key Speakers to address Iraq Petroleum Virtual Event first appeared on Iraq Business News.