By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Thursday. A total of $205,645,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Padraig O'Hannelly. A recent report from Al Monitor highlights the shocking number of official and unofficial holidays in Iraq, and the affect that this is having on commercial activity and education. But that's just part of the picture. Due to its plentiful oil reserves, many would consider Iraq to be an example of a […]
By John Lee. At a meeting of the Economic Council of the Kurdistan Region on Monday, the progress in setting up the Erbil Stock Exchange (ESX) was reviewed, and it looks like a shake-up in personnel can be expected. A statement from the KRG read: "In order for the Exchange to operate according to the […]
From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Sara Akbar, the chief executive of privately-owned Kuwait Energy, says the company has no issues working in southern Iraq despite the current conflict in the country. She says being native to Iraq makes life […]
By John Lee. WesternZagros Resources has announced the successful closing of its rights offering which expired on November 14, 2014. The Rights Offering, together with the equity backstop arrangement provided by the Company's largest shareholder, Crest Energy International LLC, generated CDN$200 million in gross proceeds to the Company which will be used to fund development […]
The University of Arkansas in the United States, and the University of Kerbala in Kerbala, Iraq, have established a formal agreement of cooperation that is intended to further the academic objectives of each institution. Moneer Habeeb Tolehphih, chancellor at the University of Kerbala, signed the agreement during a visit to the University of Arkansas and […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Wednesday. A total of $238,219,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. KRG Prime Minister and President of the Economic Council, Nechirvan Barzan, conducted a meeting on Monday of the Economic Council of the Kurdistan Region. Import and export systems, customs pricing, and raising professional standards of staff at border crossings were reviewed. To enhance capacities of Kurdistan Region border staff, increased coordination with […]
From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Tony Hayward, the chief executive of Genel Energy (LON:GENL), insists Kurdistan, where Genel operates, is a ‘secure and stable’ place to do business despite the threat of terrorism in the region. Ex-BP CEO Hayward […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi army includes “ghost” soldiers, a purely Iraqi term used to describe members whose names are registered in the wages and salaries lists, but who are not actually present in […]
The atrocious crimes perpetrated by the Islamic State of Iraq and the Levant (ISIL) risk plunging Iraq into catastrophe as the country reels from bitter sectarian tensions and a growing humanitarian crisis affecting over 5 million people, top United Nations officials warned today, as they called on the international community to increase efforts in aiding […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Tuesday. A total of $192,979,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
