By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Tuesday. A total of $193,754,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Platts reports that Italy's Eni has provisionally booked a tanker to load an 80,000 mt cargo of Iraqi crude from the Turkish port of Ceyhan. Market sources said that the cargo is Kirkuk crude, and would be the first such cargo from the port since Baghdad and Erbil agreed to sell 150,000 […]
By John Lee. The USA Rice Federation has announced that that "after being passed over" in the previous Iraqi rice tender, U.S. rice has been awarded 120,000 MT of long grain in the current tender. USA Rice Federation President and CEO Betsy Ward said: "This is really great news for the entire U.S. rice industry […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th November 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,382 (-0.1%)/ $1,493 (-0.1%) (weekly change) (-25.9% and -24.8% YTD change, respectively). The number of week traded shares […]
By John Lee. Iraqi Prime Minister Haider al-Abadi has reportedly accused his predecessor, Nouri al-Maliki (pictured), of intervening in the daily duties of the PM’s office. Sources close to the Iraqi PM told BasNews: “Abadi told US officials that in recent weeks Maliki has involved himself in a few cases, causing political tension. This has […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's former National Security Adviser Mowaffak al-Rubaie debates ISIL [ISIS, IS, Islamic State] strategy, sectarianism, and the nation's crisis:
By John Lee. An Iraqi court sentenced former Sunni MP Ahmed al-Alwani to death for the murder of two soldiers, according to a report from AFP. The verdict could damage Baghdad's ties with his powerful Sunni tribe, which is currently fighting against the Islamic State (IS, ISIS, ISIL) in the Ramadi area of Anbar. Al-Alwani […]
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 $187,705,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Alexander Dodds, executive vice president of exploration and production at Hungary-based MOL Group, talks about finding the balance between high risk exploration and declining oil production. Dodds says Kurdistan is the most important region […]
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has said that oil from the Kirkuk oil fields is now being pumped through the oil pipes and infrastructure built by the Kurdistan Regional Government (KRG). The Minister said: "150,000 oil barrels that include some oil produced from Kirkuk oil fields have […]
By John Lee. Turkey and Iraq have agreed to closer cooperation in their fight against the Islamic State (ISIS, ISIL, IS). During Turkish Prime Minister Ahmet Davutoğlu’s visit to Baghdad, he and his Iraqi counterpart Haider al-Abadi said they were confident of improving relations between the countries and making them even stronger than before. "We […]
The first flight in a new UNHCR airlift aimed at providing winter aid to Iraqis displaced by conflict this year has landed in northern Iraq's Kurdistan region. The first of seven planned flights from Pakistan touched down at Erbil International Airport at 2345 local time (2045 GMT) on Thursday, carrying 3,600 tent insulation kits. The […]
