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Iraq imposes flight ban on Kurdish region after poll

The two countries have strong commercial ties with the semi-autonomous Kurdish region in Iraq. But the vote has alarmed Ankara as it battles a separatist insurgency from its own large Kurdish minority.

While Turkey has threatened to cut off the Kurds' oil export lifeline - a pipeline that runs through Turkish territory - Ankara has so far mostly held back from specific action against Iraqi Kurdistan.

The Kurdistan Regional Government (KRG), meanwhile, refused to hand over control of its border crossings to the Iraqi government, as demanded by Iraq, Iran and Turkey in retaliation for the independence referendum.

Al Jazeera's Andrew Simmons, reporting from Turkey's border with Iraq as the flight ban went into effect, said the Habur border gate was the only way into Iraqi Kurdistan,

"This is the only means by which Turks can get across the border into Kurdistan Iraq," he said, adding that dozens of flights a week between the two areas had been "completely halted".

MOVES-BAML, Man Group, HSBC, Manulife Real Estate, Franklin Templeton


Franklin Templeton Investments, part of investment management firm Franklin Resources Inc, appointed David Whitehair as head of its defined contribution business in the UK.


The asset manager appointed Charles Prideaux as head of solutions, reporting to Richard Mountford, the global head of its product division.


The asset management arm of JPMorgan Chase & Co said it appointed ex-Deutsche Bank executive John Adu as the UK head of exchange-traded fund (ETF) distribution.


The asset management service provider said it has appointed former chief executive of insurer Liverpool Victoria, Mike Rogers, as Aegon’s non-executive chairman.


The regulatory risk and compliance firm has appointed Thomas Anthony as deputy head of its immigration, citizenship and visa due diligence practice and director of financial crime compliance for the Caribbean.

Real Estate Financial service?

I have a concept for a financial real estate service and I would like some feedback on whether or not it could work.

Say someone has owned their home for several years and own a large amount of equity in their property "lets say $65,000".

It won't work. For the sake of clarity, lets assume the house was purchased for 165k and the owner has, as you say, 65k in equity. The third party investor is supposed to buy the house for 165k? Why would anybody do that, where is their profit?