IFC Launches First Institute of Directors in Iraq


The International Finance Corporation (IFC), a member of the World Bank Group, and its partners officially launched the first independent institute of directors in Iraq to promote principles of good corporate governance, boost transparency, and help attract more private investment.

The Kurdistani Institute of Directors (KIoD) will be providing corporate governance services in Iraq and the Middle East and North Africa Region, to help strengthen the role of independent directors and boards, and raise awareness of best corporate governance practices. The Erbil Chamber of Commerce and Trade is supporting these efforts.

The initiative is another step in IFC’s strategy to spur private sector growth in Iraq by improving smaller businesses’ management skills, business performance and competitiveness. It is also part of IFC’s aim to scale up support for fragile and conflict-affected states, where private sector investment is key to create jobs and spur growth.

Strong corporate governance standards are vital for economic success. By building the capacity of national institutes, we are helping companies improve competitiveness and create jobs,” said Mouayed Makhlouf, IFC’s regional director for the Middle East and North Africa. “We hope this project will also open the door to more private sector investment in Iraq, and enhance the potential for long-term development.

Companies operating in conflict-affected environments face unique corporate governance challenges. For the last several years, IFC has been working to help promote stronger corporate governance and transparency in Iraq. With IFC support, the newly established institute KIoD has already conducted its first corporate governance event, providing training for 20 entrepreneurs in Erbil.

So far, IFC has provided corporate governance services to five companies in Iraq and conducted nine specialized events, reaching about 447 participants and helping to build the capacity of 16 Iraqi trainers to deliver training through a network of specialized providers. IFC is implementing the corporate governance program in Iraq in partnership with the governments of Japan and Spain.

(Source: IFC)



Member of the Parliamentary Finance: Banks classification procedures do not relate to the Central Bank Law

History of edits:: 2017/6/1 23:36 

[Where – Baghdad] 

MP for the mass of the citizen and member of the Parliamentary Finance Committee Rahim al – Daraji, on Thursday, that there are procedures and policies at the central bank called [rating banks] which have nothing to do with the law of the Central Bank and the Banking Law. ”

He added MP Darraji in a statement draws and all of Iraq [where] a copy of it today that “like so instructions when they issue away from the regulators and what only policy is far from the transparency and credibility , ” he said, adding that “these measures have caused problems that obstruct the march of the Iraqi economy which passes significant challenges and the Central Bank to be cautious and the closure of the administrative and financial corruption outlets , which has become meaningless Msthari and taste in all state institutions. ” 

He stressed “out of concern for the reputation of the central bank institution and do not want to come under its policy to the loss of confidence and we hope rather than banks classification which means [nepotism and clientelism] they improve the banking sector and some of the banks that do not have any role at the level of Iraqi society , whether to participate in the auction currency which is the effect of this auction resulted in significant traces of wasting public money. ”


Vice reveals Maliki’s new alliance in the upcoming elections



/ Sky Press:


Assured the Iraqi Council of Representatives member of the “nostalgia Qaddo”, on Thursday, the leaders of the most popular crowd will participate in the elections through a new electoral alliances and that the leader of a coalition of state law, Nuri al-Maliki, the leaders of the crowd with the team up one list.

He said, Qaddo, in a press statement seen by “Sky Press,” I think that more leaders of the Brigades popular crowd will enter the elections through alliances, perhaps al-Maliki, one close to making such alliances figures, and there is a political movement take the pulse between the different parties on the formation of new listings or maintain the National Alliance in a single list and without doubt these things will unfold in the coming months.

He Qaddo, he will be in the coming weeks to form a new Commission for elections before the end of the special session of the current Commission and expressed his belief that the Commission and the Board of Commissioners is an entity in the summit and carries out the implementation and management of the election file is the central rings and the minimum because the offices are still present and heads of offices in all the provinces are working and thus are led by the election process on time.

It is worth mentioning that the participation of the leaders of the popular crowd in the upcoming elections are carrying a lot of discussion and analysis, and the Prime Minister Haider al-Abadi had said in previous statements that the crowd is part of the security system in Iraq and can not participate in the elections ..


Iraq announces the liberation of a border crossing with Syria


Published : 01.06.2017 | 16:15 GMT | Arab World News

Iraq announces the liberation of a border crossing with Syria

Al-Amiri announces the break of the first line of resistance for “da’ash” and the liberation of a border post with Syria

The Secretary-General of the Badr Council and leader of the popular crowd, Hadi al-Amiri, on Thursday, broke the first line of the organization of “Daash” and the liberation of the port “Jair Galvas” border with Syria.

This came in a statement issued by Amiri today, in which he confirmed that the forces of the crowd continue to move towards the port of Tel Safok border, which is located west of Al-Baaj.

On May 29, Amiri announced the arrival of the popular mobilization forces to the Iraqi-Syrian border, while he confirmed that a military operation would begin to clear the border.

Source: Alsumaria News

Yasin Potiti


International Alliance announces the remaining space to Daesh in Mosul: Iraqi forces will face the toughest fight Dash

International Alliance announces the remaining space to Daesh in Mosul: Iraqi forces will face the toughest fight
49 minutes ago

Twilight News / International Alliance spokesman said on Thursday that the remaining less than 10 square kilometers in the grip Daesh right side of the city of Mosul.

He wrote Col. Ryan Dillon, on the social networking “Twitter” sites, what is remaining in the grip Daesh west of Mosul, less than 10 square kilometers.

He added that he could say that the remaining will be the most difficult fighting that Iraqi security forces will face in its war against the organization.



Today .. Jubouri to visit Kuwait within a tour that includes a number of regional countries



Since 01/06/2017 16:42 am (Baghdad time)

Today .. Jubouri to visit Kuwait within a tour that includes a number of regional countries follow ..


Communications: Iraq soon will see the launch of the fastest internet in the world



Since 06.01.2017 at 12:19 (Baghdad time)

Baghdad balances News

The Ministry of Communications has announced that this year will see the start of work the national project of the Internet in Iraq, through the “fastest network in the world,” and cost less.

The ministry spokesman said Hazem Mohammed Ali in a statement, “After less than a year from the start of the implementation date and during the period of record of the Ministry of Communications has succeeded with the contracting companies with the completion of 93% of the project to extend the processing of optical cable in all parts of Iraq, which will be reflected online prices available to citizens in Iraq. ”

He added that “the formation of oversight committees of the ministry follows the implications of the reduction on the reality of the citizen effectively,” noting that “the network will be secured and protected and owned by the Ministry of Communications, and supervised by the ministry in coordination with senior security authorities in Iraq, it will be optical cable international force for the protection of data portals The incoming and outgoing information and filter to ensure the security of Iraq. ”

He noted that “the project investment and promising, will achieve substantial financial resources of the state, although the ministry did not bear the costs of the project but has implemented to bear all costs for the project companies noting that the ministry reserves the right to supervise the entire joints of the national project of the Internet in Iraq and the administration where will see Iraq launch service fastest network in the world, and at a cost less than the current cost of a large proportion “.anthy 29


Preparations for a “political reconciliation” conference in Baghdad


Baghdad – Journal News

The European Peace Institute plans to hold a visit to Baghdad soon for talks with Iraqi Prime Minister Haider al-Abbadi to get approval for a conference on “political reconciliation” that is expected to take place after Ramadan.

The leader of the “Union of Forces” Mohammed Khalidi told «The News» Thursday »:” There are attempts by the United Nations in this framework and through international organizations competent, to intervene in resolving the existing crises .. “, revealing the preparations for” high-level “witnessed in the capital Baghdad For the said conference.

“This issue is not just about Iraq, it’s about the region of Turkey, Iran and the Gulf,” he said.

Political forces held conferences in Ankara, Geneva and Brussels in the presence of an aide to the US Secretary of State and representatives of the European Union countries, which discussed the preparations for the stage after the elimination of the terrorist “Da’ash” organization.


Abadi takes over the duties of the Ministry of Finance Agency after the end of the mandate of Al-Issa

Thursday, June 1

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An official source revealed Thursday that Prime Minister Haider al-Abadi took over the duties of the Ministry of Finance and the agency after the end of the mandate of Abdul Razzaq al-Issa.

The source said in an interview with Alsumaria News, “The Prime Minister Haider Abadi ended the assignment of Abdul Razzaq al-Issa (Minister of Higher Education and Scientific Research) to take over the functions of the Ministry of Finance Agency.”

The source, who asked not to be named, said that “Abadi took over the functions of the Minister of Finance and the Agency until the nomination of a new minister.”

On Wednesday (May 31, 2017), Minister of Higher Education and Scientific Research Abdul Razzaq al-Issa announced that Prime Minister Haider al-Abadi agreed to his request to exempt him from the Ministry of Finance, while he thanked Abadi for his approval.


Engineer: We will hand over the border police security after fully edited


a wish

Since 01/06/2017 15:44 am (Baghdad time)

BAGHDAD – The balance of News

Deputy Chairman of the popular crowd Abu Mahdi Eng., Thursday, said the popular crowd forces will hand over the security of the functions of the border to border police forces after the liberation of the entire organization of terrorist gangs Daesh.

The engineer said, in a statement received / scales News /, a copy of it, that “the crowd forces will hand over the security of the Iraqi-Syrian border to border police forces after the liberation of the border and secure it completely,” adding that “our forces and the support of the army aviation carried out military operations wide west of Mosul on the border with Syria, achieving great victories against terrorist Daesh gangs. ”

He added that “ongoing operations until clearing the border areas with Syria from gangs to organize Daesh terrorist and secure them completely.”

This was announced spokesperson of the popular crowd Ahmed al-Asadi, Monday (5/29/2017), complete the task of contact with the Iraqi – Syrian border forces of the popular crowd, pointing out that the joint tape Turabi between the two countries has become a safe and Mstaqra.anthy 29/6 n