Digital Media: Cancellation of European sanctions on the Central Bank will activate the PayPal service officially

Thursday 13 September

Alsumaria News / Baghdad

The Center for Digital Media, on Thursday, that the abolition of European sanctions on the Central Bank will lead to the activation of PayPal service officially in Iraq.

The Center said in a statement received by Alsumaria News a copy of it, "The abolition of European sanctions on the Central Bank of Iraq will make it a reliable financial institutions to deal with European institutions and thus eliminate the obstacles to activate the services of PayPal officially in Iraq."

"PayPal is considered the best and most popular bank in the world, providing users with digital financial services. Thousands of e-shops and e-commerce sites support PayPal, which was established in 1998 and supports Arab countries – Qatar, Oman, Yemen, Kuwait, Jordan, Saudi Arabia, Algeria, Egypt, Tunisia, Morocco and Somalia. "

The Central Bank of Iraq announced on Thursday that it was officially released from the list of EU sanctions, pointing out that it has become a reliable financial institutions dealing with European international institutions.

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Iraq invests $ 24.5 billion in US Treasuries
8/14/2018

The Arab countries’ investments in US Treasury bills and bonds at the end of May amounted to about $ 310.2 billion .

According to US Treasury data, 11 Arab countries invest funds in US Treasuries and Treasuries, accounting for 5 percent of total global investment in these bonds of $ 6.21 trillion .

Saudi Arabia holds the largest share of Arab investments in US Treasuries and Treasuries, with a 52.3 percent stake, valued at 162.1 billion, representing 2.6 percent of the world’s investments in the US debt instrument .

The UAE came second with $ 60 billion in investments, representing 19.3 percent of Arab investments and 1 percent of world investments.

Thirdly, Kuwait has invested $ 43.9 billion, representing 14.1 percent of Arab investments and 0.7 percent of world investments.

Fourth, Iraq came with investments of $ 24.5 billion, representing 7.9 percent of Arab investments and 0.4 percent of world investments .

Followed by Oman with investments of $ 12 billion, representing 3.9 percent of Arab investments and 0.2 percent of world investments .

Morocco ranked sixth with investments of $ 2.2 billion, representing 0.7 percent of Arab investments and 0.04 percent of world investments.

Egypt with investments of $ 2.2 billion, representing 0.7 percent of Arab investments and 0.04 percent of world investments.

Qatar was the eighth with investments of $ 1.2 billion (4.5 billion riyals), representing 0.4 per cent of Arab investments and 0.02 per cent of world investments .

Ninth Bahrain, with investments of US $ 838 million (SR 3.1 billion), represents 0.3 per cent of Arab investments and 0.01 per cent of global investments .

And Algeria, with investments of $ 681 million, representing 0.2 percent of Arab investments and 0.01 percent of world investments .

Finally, Mauritania came with investments of $ 562 million (2.1 billion riyals), representing 0.2 percent of Arab investments and 0.01 percent of world investments .

http://sumer.news/ar/news/29168/%D8%…83%D9%8A%D8%A9

The Iraqi dinar exchange globally on Wednesday
8/1/2018

Knozmedia – for foreign currencies

– USD 1 USD = 1,197.6000 Iraqi Dinars

1 Iraqi Dinar = 0.0008 USD


– Euro 1 Euro = 1,399.4333 Iraqi Dinar

1 Iraqi Dinar = 0.0007 Euro


– GBP 1 £ = 1,570.2399 Iraqi Dinars

1 Iraqi Dinar = 0.0006 £


Canadian Dollar 1 Canadian Dollar = 920.2892 Iraqi Dinar

Iraqi Dinar = 0.0011 Canadian Dollars


Australian Dollar 1 Australian Dollar = 887.9069 Iraqi Dinar

1 Iraqi Dinar = 0.0011 Australian Dollars


– Japanese Yen 1 Japanese Yen = 10.7038 Iraqi Dinar

Iraqi Dinar =


Swiss Franc 1 Swiss Franc = 1,207.4139 Iraqi Dinars

1 Iraqi Dinar = 0.0008 Swiss Franc


Turkish Lira 1 Turkish Lira = 243.6816 Iraqi Dinar

Iraqi Dinar = 0.0041 Turkish Lira


– Chinese yuan 1 Chinese yuan = 175.7403 Iraqi dinars

1 IQD = 0.0057 Chinese Yuan


– Thai Baht 1 THB = 36.1049 Iraqi Dinars

1 Iraqi Dinar = 0.0277 Thai Baht


– Ringit Malaysia 1 Ringgit Malaysia = 296.0985 Iraqi Dinar

Ringtone Malaysia


– Indian Rupee 1 Indian Rupee = 17.4684 Iraqi Dinar

Indian Rupee


The Iranian Rial 1 Iranian Rial = 0.0273 Iraqi Dinar

Iraqi Dinar = 36.6014 Iranian Riyals


Arab currencies

1 Egyptian Pound = 67.0286 Iraqi Dinar

1 Iraqi Dinar = 0.0149 Egyptian Pounds


Saudi Riyal 1 Saudi Riyal = 319.3643 Iraqi Dinar

Iraqi Dinar =


– The UAE Dirham (AED) = 326.0390 Iraqi Dinar

1 ID = 0.0031 AED


Sudanese Pound 1 Sudanese Pound = 66.2903 Iraqi Dinar

Iraqi Dinar = 0.0151 Sudanese pounds


– Algerian dinar 1 Algerian dinar = 10.1728 Iraqi dinar

1 Iraqi Dinars = 0.0983 Algerian Dinars


– Bahraini Dinar = BD 3,166,7125

1 Iraqi Dinars = BD 0.0003


– Jordanian Dinar = JD 1 = 1,687,941 Iraqi Dinars

Iraqi Dinar = 0.0006 JD


– Kuwaiti Dinar = KD 3,954,9291

IQD = KD 0.0003


Lebanese Pound = LBP = 0.7887 Iraqi Dinar

1 Iraqi Dinars = LBP 1.2679


– Libyan Dinar 1 Libyan Dinar = 869.2875 Iraqi Dinar

1 Iraqi Dinars = 0.0012 Libyan Dinars


– Moroccan Dirham 1 Moroccan Dirham = 126.7560 Iraqi Dinars

1 Iraqi Dinar = 0.0079 Moroccan Dirham


– Mauritanian ouguiya 1 Mauritanian ouguiya = 3.3688 Iraqi dinars

1 Iraqi Dinar = 0.2968 Mauritanian ouguiya


– Syrian Pound 1 Syrian Pounds = 2.3255 Iraqi Dinars

1 Iraqi Dinar = 0.4300 Syrian Pounds


Somali Shilling. Somali Shilling

Somali Shillings


Omani Rial Omani Rial = 3,111,5707 Iraqi Dinar

1 Iraqi Dinars = RO 0.0003


Qatari Riyal 1 Qatari Riyal = 328.9206 Iraqi Dinars

1 IQD = 0.0030 QAR


– The Tunisian Dinar 1 Tunisian Dinar = 445.1052 Iraqi Dinar

Iraqi Dinar = 0.0022 Tunisian Dinars


Yemeni Riyal 1 Yemeni Riyal = 4.7847 Iraqi Dinars

IQD = 0.2090 Yemeni riyals


– Djibouti Franc 1 Djibouti Franc = 6.7281 Iraqi Dinars

1 Iraqi Dinar = 0.1486 Djibouti Franc

http://www.knoozmedia.com/355069/%D8…D8%A7%D9%84-2/

The Iraqi dinar exchange globally on Tuesday
7/10/2018

Knozemedia – Foreign Currencies

– USD 1 USD = 1,190.0000 Iraqi Dinar

1 Iraqi Dinar = 0.0008 USD

– Euro 1 Euro = 1,397.8293 Iraqi Dinar

1 Iraqi Dinar = 0.0007 Euro

– Pound sterling = £ 1,576.7792 Iraqi dinars

1 Iraqi Dinar = 0.0006 £

– Canadian Dollar 1 Canadian Dollar = 907.2750 Iraqi Dinar

Iraqi Dinar = 0.0011 Canadian Dollars

Australian Dollar 1 Australian Dollar = 888.1127 Iraqi Dinar

1 Iraqi Dinar = 0.0011 Australian Dollars

– Japanese Yen = JPY = 10.7364 Iraqi Dinar

Iraqi Dinar =

Swiss Franc 1 Swiss Franc = 1,199.5968 Iraqi Dinars

1 Iraqi Dinar = 0.0008 Swiss Franc

Turkish Lira 1 Turkish Lira = 254.0200 Iraqi Dinar

Iraqi Dinar = 0.0039 Turkish Lira

– Chinese Yuan 1 Chinese Yuan = 179.7732 Iraqi Dinars

1 IQD = 0.0056 Chinese Yuan

– Thai Baht 1 Thai Baht = 35.9739 Iraqi Dinars

1 Iraqi Dinar = 0.0278 Thai Baht

– Ringit Malaysia 1 Ringit Malaysia = 295.3220 Iraqi Dinar

Ringtone Malaysia

– Indian Rupee 1 Indian Rupee = 17,330 Iraqi Dinars

Indian Rupee

The Iranian Rial 1 Iranian Rial = 0.0277 Iraqi Dinar

1 Iraqi dinar = 36.0716 Iranian riyal

Arab currencies

Egyptian Pound. Egyptian Pound

1 Iraqi Dinar = 0.0151 Egyptian Pounds

Saudi Riyal 1 Saudi Riyal = 316,1992 Iraqi Dinars

1 Iraqi Dinar = 0.0032 SAR

– The UAE Dirham (AED) = 323.9700 Iraqi Dinar

1 ID = 0.0031 AED

– Sudanese Pound 1 Sudanese Pound = 66.1111 Iraqi Dinars

Iraqi Dinar = 0.0151 Sudanese pounds

– The Algerian Dinar 1 Algerian Dinar = 10.1435 Iraqi Dinar

1 Iraqi Dinar = 0.0986 Algerian Dinars

– Bahraini Dinar = BD 3,134,6971

1 Iraqi Dinars = BD 0.0003

– Jordanian Dinar 1 JD = 1,676,0351 Iraqi Dinars

Iraqi Dinar = 0.0006 JD

– Kuwaiti Dinar = KD 3,934,3525

IQD = KD 0.0003

Lebanese Pound = LBP = 0.7851 Iraqi Dinar

1 Iraqi Dinar = LBP 1.2737

– Libyan Dinar 1 Libyan Dinar = 868.6131 Iraqi Dinar

1 Iraqi Dinars = 0.0012 Libyan Dinars

– Moroccan Dirham 1 Moroccan Dirham = 126.1194 Iraqi Dinars

1 Iraqi Dinar = 0.0079 Moroccan Dirham

Mauritanian Ouguiya 1 Mauritanian ouguiya = 3.3474 Iraqi Dinar

1 Iraqi Dinar = 0.2987 Mauritanian ouguiya

Syrian Pound 1 Syrian Pound = 2.3107 Iraqi Dinar

1 Iraqi Dinar = 0.4328 Syrian Pounds

Somali Shilling 1 Somali Shilling = 2.0570 Iraqi Dinar

Somali Shillings

Omani Rials Omani Rial = 3,090,6281 Iraqi Dinars

1 Iraqi Dinars = RO 0.0003

Qatari Riyal 1 Qatari Riyal = 326.8333 Iraqi Dinars

1 IQD = 0.0031 QAR

– The Tunisian Dinar 1 Tunisian Dinar = 455.3630 Iraqi Dinar

Iraqi Dinar = 0.0022 Tunisian Dinars

– Yemeni Riyal 1 Yemeni Riyal = 4.7534 Iraqi Dinars

Iraqi Dinar = 0.2104 Yemeni Riyals

– Djibouti Franc 1 Djibouti Franc = 6.6835 Iraqi Dinars

1 Iraqi Dinar = 0.1496 Djibouti Franc

http://www.knoozmedia.com/352775/%D8…-%D8%A7%D9%84/

Iraq ranks first in the ranking of Arab countries in gold reserves
5/27/2018

Iraq ranks first in the ranking of Arab countries with gold reserves to rank fourth after fifth, according to the World Gold Council.

The figures showed that Saudi Arabia tops the Arab countries with reserves of 323 tons, followed by Algeria with 174 tons.

Libya comes in third with a reserve of 117 tons.

Iraq has about 90 tons of gold, Kuwait 79 tons, followed by Egypt with a reserve of 77 tons.

The gold reserves in Jordan are estimated at 44 tons, 27 tons in Qatar and 26 tons in Syria. Morocco is ranked 10th in the Arab world with a gold reserve of 22 tons.

According to the data, the United Arab Emirates has 8 tons of gold, while the distribution of 14 tons of gold between Tunisia, Bahrain, Yemen and Oman.

The world’s gold reserves remain at 8133 tonnes, and the total global gold supply rose slightly to 1,063.5 tons in the first quarter of 2018, while the production of mines was 770 tons. Precious metal by 27% to about 287 tons.

http://alghadeer.tv/news/detail/75051/

By John Lee.

Iraq’s Heavy Engineering Equipment State Company (HEESCO) has signed deals with three international companies in the oil, petrochemical and the marine industries:

  • UK-based Weir Engineering Services;
  • Czech-based KPS;
  • Egyptian-based Petrojet.

The company, established in 1963, has technological capabilities in the design, manufacturing and installation of the engineering equipment, such as the tanks, boilers, heat exchangers, pressure tanks, refining towers, bridge pillars, river boats and engineering inspection.

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) said that the Ministry aims to increase cooperation with international companies.

(Source: Ministry of Oil)

The growth of Islamic banks in Iraq

5/9/2018

The development of the banking system in any country is one of the signs of the development of the economy in that country. Although some believe that the rapid development of the financial sector in general has become a generator of the financial crises, we find that banks are still the engine of advanced economies even after the global financial crisis But with an urgent need to regulate and control more banks, which is one of the lessons produced by the crisis.

In this context, some views have emerged regarding Islamic banking, which believes that Islamic banks were the most prominent survivors of the crisis among banks due to the nature of the work of these banks, which makes them converge with the real economy and are in line with the trend of its trading up and down to bear the bank and its customers jointly the results of investment according to the rule of sheep
Fined.

Islamic banks have been thinking about Islamic banks since the 1930s. The first attempt was in Pakistan to establish an institution that would collect and lend money to needy farmers without money, followed by a second experiment in Egypt in the 1960s by establishing
Islamic savings banks .

In 1975, the Islamic Development Bank was opened in Jeddah.

In Iraq, the start of the Islamic banking business with the establishment of the Islamic Bank of Iraq for investment in 1993, then develop the work of Islamic banks and increase their number, especially after the legislation of the Islamic Banks Law No. 43 of 2015, where the number today to 25 banks, which constitute 33% of the total number Banks


in Iraq.

This increase comes in line with the great development witnessed by Islamic banking at the international level. Many international conventional banks have opened Islamic windows to match the increasing demand for this type of product.

The value of Islamic banks’ assets globally is expected to exceed this year. Three trillions and a half trillion dollars, and in turn we expect the Islamic banks in Iraq to have an important developmental role, especially with the great potential available to these banks, but this role remains contingent on the ability to overcome the challenges that guide them both in the field of gaining practical experience but Lean or in the field of competitiveness with

U.S. Immigration and Customs Enforcement (ICE) returned 3,800 ancient artifacts, including cuneiform tablets, cylinder seals, and clay bullae, to the Republic of Iraq. The artifacts were smuggled into the United States in violation of federal law and shipped to Hobby Lobby Stores, Inc, a nationwide arts-and-crafts retailer.

Many of the tablets can be shown to come from the ancient city of Irisagrig. The tablets, primarily from the Ur III and Old Babylonian period (2100-1600 BCE), are mostly legal and administrative documents, but also include an important collection of Early Dynastic incantations and a bilingual religious text from the Neo-Babylonian period. Two clay cones are inscribed with royal inscriptions from the Early Dynastic Lagash II periods (mid-third millennium BCE). The clay bullae include artifacts believed to be of Parthian or Sasanian date (late 2nd cent. BCE – early 7th cent. AD).

“These pieces are very important to us and they should be returned home to Iraq, to the rightful owner of these pieces,” said Ambassador of Iraq to the United States Fareed Yasseen.

The artifacts returned were initially intercepted by U.S. Customs and Border Protection (CBP). The shipping labels on these packages falsely described the cuneiform tablets as tile samples.

“CBP is honored to have played a role, together with ICE, in the return of these national treasures to their rightful owner, the Republic of Iraq.  In doing so, we ensure the protection of this priceless cultural heritage and secure a precious, tangible link to the past for future generations,” said U.S. Customs and Border Protection Assistant Commissioner Ian Saunders.

After a review of the items and their documentation, ICE Homeland Security Investigations (HSI) Special Agents, in conjunction with Assistant U.S. Attorneys at United States District Court for the Eastern District of New York (EDNY) conducted interviews of a number of Hobby Lobby employees between January and June of 2016 which led to the discovery of a deliberate intent by employees of the company to avoid using a customs broker for the artifacts related to this transaction.

“The Republic of Iraq, standing on the land that was once home to the storied city-states and kingdoms of Mesopotamia, has a celebrated heritage as a cradle of civilization,” stated U.S. Attorney Richard P. Donoghue.  “We are proud to have played a role in removing these pieces of Iraq’s history from the black market of illegally obtained antiquities and restoring them to the Iraqi people.”

Wednesday’s event was the first repatriation of cultural property to Iraq since March 2015, when ICE returned ancient antiquities and Saddam Hussein-era objects, including the Head of Assyrian King Sargon II, a limestone fragmentary head of Lamassu, the winged bull, from the Palace of Sargon II. ICE has returned more than 1200 items to Iraq in five repatriations since 2008.

ICE has returned over 8,000 artifacts to over 30 countries since 2007, including paintings from France, Germany, Poland and Austria, 15th-18th century manuscripts from Italy and Peru, cultural artifacts from China, Cambodia, and two Baatar dinosaur fossils to Mongolia, antiquities and Saddam Hussein-era objects returned to Iraq, ancient artifacts, including a mummy’s hand, to Egypt, and most recently royal seals valued at $1,500,000 to the Republic of Korea.

Learn more about ICE’s cultural property, art and antiquities investigations. Members of the public who have information about suspected stolen cultural property are urged to call the toll-free tip line at 1-866-DHS-2-ICE or to complete the online tip form.

(Source: ICE)

By John Lee.

Kuwait Energy has started producing natural gas from the Siba field, south of Basra, on Wednesday.

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) announced an inital production rate of 25 million cubic feet a day (mcf/d), increasing to 100 mcf/d by the end of the year.

Kuwait Energy was awarded a 20 year Gas Development and Production Service Contract (GDPSC) for the Siba field in June 2011, granting the company operatorship and 45 percent revenue interest, but it farmed out a 20 percent stake to the Egyptian General Petroleum Corporation (EGPC) in October 2016.

(Source: Ministry of Oil)