Al-Darraji Takes Over as Industry Minster

By John Lee. On Sunday, Prime Minister Haider al-Abadi received the new Minister of Industry, Mohammed al-Darraji [Daraji, Derraji]. Al-Darraji takes over from Naseer al-Issawi, who submitted his resignation at the request of his political bloc, the Ahrar bloc of the Sadrist movement. He served as Minister for Housing and Reconstruction in the previous al-Maliki administration. […]

Dana Gas, KRG in Spat over Court Ruling

By John Lee. The Kurdistan Regional Government (KRG) has reacted angrily to a statement from Sharjah-based Dana Gas. Shares in the company jumped 13.7 percent on the Abu-Dhabi stock exchange on Sunday after the company won a ruling in the London Court of International Arbitration (LCIA) in its long-running dispute with the KRG in Iraq […]

Extended Partnership to Improve Electricity in Kurdistan

The Kurdistan Regional Government’s Ministry of Electricity and the UN Development Programme (UNDP) have extended their partnership to improve the electricity sector. UNDP will play a pivotal role in updating the region’s master plan and strengthening the institutional capacity of the regional government by establishing a training centre in Erbil. UNDP will continue to help […]

Iraq Seeks Helicopters from UK

By John Lee. The Iraqi Federal Government is reportedly looking to purchase helicopters and military equipment, including de-mining devices, from the UK. The Minister of Interior, Mohammed al-Ghabban, met with the British Ambassador to Iraq, Frank Baker, to discuss the security situation in the country and the latest developments in the fight against the Islamic […]

Airstrikes Target Terrorists

U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the latest strikes, which took place approximately between 8 a.m. Saturday and 8 a.m. Sunday, local time, noting that assessments of […]

Kurdish Independence “would Help Defeat IS”

By Amberin Zaman for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Masrour Barzani: Kurdish independence would help defeat IS The war against the Islamic State (IS) is continuing full force in Iraq and Syria. And Kurds from both countries remain the most effective […]

New Political System would Open Door to Maliki

By Ibrahim Saleh. 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. Changing The System: Call For New Political System Opens Back Door to Iraq’s Unpopular Former PM There have been calls to move Iraq from a parliamentary political […]

Currency Auction Results, 6th July

By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks and 4 remittance companies took part in its currency auction on Monday. A total of $94,455,000 sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq) Related posts: CBI Currency Auction Results, 24th July CBI Currency Auction Results, […]