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 $208,930,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The fate of Abu Bakr al-Baghdadi, who may have been targeted in airstrikes conducted against an ISIS convoy in Mosul and a gathering of militants in the border town of al-Qaim in Anbar is unlikely to have dramatic effects on security dynamics in Iraq. If these reports were confirmed however, ISIS could decide to launch […]
By John Lee. A lawsuit has been filed in the US against Barclays, Credit Suisse, HSBC, Royal Bank of Scotland (RBS), and Standard Chartered, seeking to hold them responsible for attacks on the US military because their alleged processing Iranian money that financed the attacks. According to a report from Reuters, the lawsuit, filed by wounded […]
By John Lee. Iraq’s Minister of Electricity, Qasim Mohammad Abid Hammadi al-Fahadawi [Qassim al-Fahdawi] held a meeting with the French Ambassador to Iraq, Marc Barety, on Sunday. The Ambassador congratulated the Minister on his new role, and assured the Minister of the full support of the French government and private sector companies in the development of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi army has been trying voer the past three days to break through a seige of Iraq's biggest oil refinery. The Islamic State in Iraq and Levant captured the city in June, […]
By John Lee. The Bank of Baghdad (BOB) has reportedly announced the appointment of Mr. Faisal Al- Haimus as Managing Director. According to Radio Dijla, Mr. Al -Haimus has over twenty years of banking experience with Standard Chartered, HSBC and Mashreq Bank. (Source: Radio Dijla)
In a meeting in London on Friday with the Kurdistan Region’s Chancellor of the Security Council, Masrour Barzani, British Defence Secretary Michael Fallon said, UK is planning to provide more advanced weaponry at the nearest opportunity to the Peshmarga forces. He stressed that there is no political limit in supporting the Peshmerga, adding that the […]
By Shukur Khilkhal 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's defeat by Islamic State (IS) fighters in Mosul in June came as a surprise. Although the Iraqi military is superior in terms of numbers of soldiers and arms, its fighters quickly deserted […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 12 banks took part in its currency auction on Monday. A total of $126,325,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Zain Iraq is to launch its 3G mobile phone services in January. Reuters reports that Zain, along with rivals Asiacell and Korek, eventually agreed to the government’s terms and formally signed the contracts at a ceremony in Baghdad on Monday attended by prime minister Haider al-Abadi. Zain Iraq recently paid the first […]
By John Lee. Middle East Monitor reports that businesses in Jordan are asking the Iraqi government to pay for goods supplied during the Saddam era, amounting to a total of around $522 million (609 Iraqi dinars). The two countries had a commercial protocol during the old regime under which Iraq supplied Jordan with oil at […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th November 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,350 (-3.1%)/ $1,463 (-2.8%) (weekly change) (-27.6% and -26.3% YTD change, respectively). The number of week traded shares […]
