By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. There is an old Arabic saying that "gold is both for decoration and storing." Currently, Iraqis, particularly residents of the Kurdistan Region of Iraq, are taking these words to heart. […]
The newly arrived Italian Consul in Erbil, Dr Carmelo Ficarra, met with Minister Falah Mustafa to discuss ways of building upon his predecessor’s success. Italy has a Consular Office in Erbil, which is due to be upgraded to a fully-fledged Consulate later this year. In welcoming him to Kurdistan, Minister Mustafa encouraged him to use […]
The Dutch Minister for Migration and State Secretary of Security and Justice, Mr Fred Teeven, met with Minister Falah Mustafa as part of his visit to the Kurdistan Region to discuss bilateral ties. The visit is part of an effort to further strengthen ties between Kurdistan and the Netherlands. Minister Mustafa expressed his appreciation to […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The June 30 events in Egypt deserve to be carefully and attentively interpreted at all levels, as far as Iraq is concerned. The rapid political change in Egypt did not take […]
By Waheed Ghanim. 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. Currency Class War: Damaged Dinar Notes result in Bribery, Injustice Exchange shops, bank cashiers and savvy housewives are doing big business as they deal with Iraq’s […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
By John Lee. A Paris court has cleared oil company Total, its chief executive Christophe de Margerie (pictured), and over a dozen other defendants of corruption charges related to the UN's oil-for-food programme in Iraq. The former interior minister Charles Pasqua, the Swiss oil trader Vitol, and a former French ambassador to the UN, were […]
Wyndham Hotel Group, the world’s largest hotel company with approximately 7,380 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), has announced its entrance into Iraq with the opening of the newly-built, 71-room Ramada Sulaymaniyah Salim Street in Kurdistan. The hotel opened on the same day as the Ramada Plaza Beirut Raouche in Beirut, Lebanon. […]
By John Lee. Reuters reports that India said it is interested in importing liquefied natural gas (LNG) from Iraq, with imports of the cleaner fuel becoming attractive after New Delhi decided to raise prices of locally produced gas from April 2014. Iraq has emerged as the second-biggest crude oil supplier to India after supplies from […]
By John Lee. JPMorgan Chase is the latest international bank after Citigroup and Standard Chartered to expand business in Iraq, reports Bloomberg. The company has just signed a one-year agreement to help the Trade Bank of Iraq (TBI) finance imports of goods and services, John Gibbons, managing director and EMEA regional executive, told the news […]
By Nawzad Mahmoud and Miran Hussein. This article was originally published by Rudaw, and is re-published by Iraq Business News with their kind permission. The lifting of the United Nations’ Chapter 7 sanctions against Iraq is receiving mixed reaction among Iraqis, with some welcoming the move and others worried about its impact, given existing ethnic, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st July 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,862 (-0.2%) / $1,984 (-0.5%) (weekly change). The number of week traded shares was 34.0bn and the weekly […]
