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Parliament Rejects Defense, Interior Ministry Candidates US Expands Airstrikes on IS $69m Contract for Hellfire Missiles Iran to Increase Cement Exports to Iraq
 
Parliament Rejects Defense, Interior Ministry Candidates

Parliament Rejects Defense, Interior Ministry Candidates

By John Lee. The Iraqi parliament has rejected the two candidates proposed by Prime Minister Haidar al-Abadi for the posts of Interior Minister and Defense Minister. In what Bloomberg describes as a setback for efforts to unite the country against the Islamic State, moderate Sunni Jaber al-Jaberi has been rejected as defense minister, and Riyad […]

US Expands Airstrikes on IS

US Expands Airstrikes on IS

By John Lee. American aircraft have reportedly bombed Islamic State (ISIS, ISIL) fighters near Baghdad on Tuesday. US Central Command said the airstrike was “the first taken as part of our expanded efforts beyond protecting our own people and humanitarian missions“. A spokesman said it was “an important strike” in Sadr al-Yusufiya, 25km (15 miles) […]

$69m Contract for Hellfire Missiles

$69m Contract for Hellfire Missiles

By John Lee. Hellfire Systems LLC, of Orlando, Florida, has been awarded a $68,721,521 [80 billion Iraqi dinar] modification (P00104) to firm-fixed-price, foreign military sales contract W31P4Q-11-C-0242 to acquire 1,361 Hellfire II tactical missiles in containers and air-to ground missiles: model AGM-114R, AGM-114R-3, AGM-114P-4A, TGM M36E7, and ATM-114Q-6. The countries involved in this foreign military […]

Iran to Increase Cement Exports to Iraq

Iran to Increase Cement Exports to Iraq

By John Lee. Iraq has agreed to increase cement imports from Iran. Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency: “As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals.” He noted that the new […]

Parliament Rejects Defense, Interior Ministry Candidates

Parliament Rejects Defense, Interior Ministry Candidates

16 September 2014

By John Lee. The Iraqi parliament has rejected the two candidates proposed by Prime Minister Haidar al-Abadi for the posts of Interior Minister and Defense Minister. In what Bloomberg describes as a setback for efforts to unite the country against the Islamic State, moderate Sunni Jaber...

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US Expands Airstrikes on IS

US Expands Airstrikes on IS

16 September 2014

By John Lee. American aircraft have reportedly bombed Islamic State (ISIS, ISIL) fighters near Baghdad on Tuesday. US Central Command said the airstrike was "the first taken as part of our expanded efforts beyond protecting our own people and humanitarian missions". A spokesman said it was...

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$69m Contract for Hellfire Missiles

$69m Contract for Hellfire Missiles

16 September 2014

By John Lee. Hellfire Systems LLC, of Orlando, Florida, has been awarded a $68,721,521 [80 billion Iraqi dinar] modification (P00104) to firm-fixed-price, foreign military sales contract W31P4Q-11-C-0242 to acquire 1,361 Hellfire II tactical missiles in containers and air-to ground missiles:...

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Iran to Increase Cement Exports to Iraq

Iran to Increase Cement Exports to Iraq

16 September 2014

By John Lee. Iraq has agreed to increase cement imports from Iran. Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency: "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh,...

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World Economic Forum visits KRG

World Economic Forum visits KRG

16 September 2014

Mr Miroslav Dosek, Head of Middle East and North Africa section of the World Economic Forum (WEF), visited the KRG Department of Foreign Relations to discuss economic developments in Kurdistan as well as the current security and humanitarian situation. Mr Dosek said, “The achievements and the...

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UN calls for more Shelter, Protection

UN calls for more Shelter, Protection

16 September 2014

After concluding a three-day visit to Iraq, UN Humanitarian Chief Valerie Amos (pictured) said today that additional support is needed ahead of the long winter months for people who have been displaced by fighting, and for the communities supporting them. Iraq is facing an escalating emergency...

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$1.8m Support for Parliament, Civil Society

$1.8m Support for Parliament, Civil Society

16 September 2014

As part of its continued support to Iraq’s parliament, the United Nations Development Programme (UNDP) today signed with the Council of Representatives in Baghdad a project of US$1,797,999 funded by the Government of the Kingdom of Sweden. This initiative aims to strengthen the legislative and...

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IS-Controlled Areas Banned from Hajj

IS-Controlled Areas Banned from Hajj

16 September 2014

By John Lee. The Iraqi government has not provided planes for citizens of the provinces of Nineveh, Salahaddin, Anbar and all areas under the control of Islamic State insurgents, who wish to undertake Hajj pilgrimage. According to the report from BasNews, the has angered Sunni people who live...

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Currency Auction Results, 16th Sept

Currency Auction Results, 16th Sept

16 September 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Tuesday. A total of $236,497,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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International Community Supports for Baghdad Against IS

International Community Supports for Baghdad Against IS

15 September 2014

At an international conference in Paris, the five permanent members of the U.N. Security Council, representatives of European and Arab states, and representatives of the EU, Arab League and United Nations, have all pledged to help the government in Baghdad fight against Islamic State militants....

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More Assistance for Displaced Persons

More Assistance for Displaced Persons

15 September 2014

The International Red Cross and Red Crescent Movement has pledged to intensify its humanitarian activities in Iraq, and to increase assistance for more than 1.5 million Iraqis displaced as a result of continuous fighting in various parts of the country. The pledge was made during a visit to Iraq...

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Iraq-Iran Gas Pipeline Operational by March

Iraq-Iran Gas Pipeline Operational by March

15 September 2014

By Patrick M Schmidt. The Managing Director of the Iranian Gas Engineering and Development Company, Alireza Gharibi, said he expected tests to begin on the new Iran-Iraq gas pipeline by next month. "Operations for the construction of Iran-Iraq gas pipeline are complete and we are now in the...

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German Advisors Arrive in Kurdistan

German Advisors Arrive in Kurdistan

15 September 2014

By Patrick M Schmidt. The Kurdistan Regional Government (KRG) has welcomed forty German military advisors who will begin training Peshmerga security forces on weapons newly received from Germany. The advisors have previous experience training foreign militaries. The German military assistance...

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Oil Pipeline Sabotaged in Diwaniya

Oil Pipeline Sabotaged in Diwaniya

15 September 2014

By John Lee. An oil pipeline passing through the governorate of Diwaniya has reportedly been sabotaged by an explosion, the first event of its kind in the province. Aswat al-Iraq reports that the explosion was made by dynamite underneath the pipeline that runs from Basra to Baghdad. The...

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Video: Shia Group Accused of Revenge Attacks

Video: Shia Group Accused of Revenge Attacks

15 September 2014

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Shia militias fighting against the Islamic State group (IS) in Iraq have been accused of exacting revenge against Sunnis. Kurdish fighters say the Iranian-backed...

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Currency Auction Results, 15th Sept

Currency Auction Results, 15th Sept

15 September 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Monday. A total of $237,698,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Posted in Banking & Finance0 Comments

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