By John Lee. Iraqi Oil Minister Adel Abdul-Mahdi [Adil Abd al-Mahdi] met on Sunday with the Korean Ambassador in Baghdad, Mr. Jo Jong. They discussed the strengthening of relations between Iraq and South Korea, especially in the energy sector. (Source: Ministry of Oil)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Videos showing beheadings of journalists and aid workers by the Islamic State in Iraq and the Levant (ISIL) are spreading fear in Iraq, Syria and beyond. However, the ISIL is not the only […]
By John Lee. Iraq’s foreign minister, Ibrahim al-Jaafari, received the Russian Ambassador to Iraq, Elia Morganov, on Sunday. The two sides discussed issues of politics and security, including international efforts to support Iraq in its war against the Islamic State in Iraq and the Levant (ISIL). (Source: MoFA)
A Kurdistan Regional Government committee visited Europe last week to campaign for international recognition of ISIS’s crimes against religious and ethnic groups as acts of genocide. The KRG High Committee on International Recognition for ISIS’s crimes against different religious and ethnic groups in Shengal and other areas of Kurdistan made the week-long visit to raise […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Monday. A total of $197,622,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. A former Iraqi official said China would have the opportunity to play a big role in Iraq's reconstruction when the country is more stable. Samir Sumaida'ie (Samir Sumaidaie) (pictured), who was Iraqi ambassador to the US from 2006 to 2012, told Xinhua: "Although Iraq is still a fragmented country, sooner or later, […]
By John Lee. The State Level Bankers Committee (SLBC) in the Indian state of Kerala has reportedly agreed to the state government’s request to provide benefits to around 500 nurses who have returned from Iraq and Libya. According to a report from The Hindu, the benefits will be in the form of one-time settlements and […]
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. Iraq’s Media Cold War: Why Arabs Don’t Understand Kurds, And Vice Versa Although it has quite possibly never been more important, the potential for conflict and misunderstanding between Iraq’s Arab […]
By Mark A DeWeaver. As of November 6, 18 of the 21 ISX listed banks have reported third quarter earnings. The numbers aren’t pretty. Rabee Securities’ latest corporate profits report shows bank-sector aggregate profits for the first nine months down 17% year-on-year. Taking out BUND, an obvious outlier with earnings growth of 115%, the decline […]
By John Lee. On a three-day visit to Turkey, Iraq’s foreign minister Ibrahim al-Jaafari has reportedly told his Turkish counterpart, Mevlut Cavusoglu, that oil affairs in Iraq, including Iraqi Kurdistan, come under the control of Baghdad. At a join press conference he said that they are trying to resolve the recent “mistakes” with Turkey, a […]
By John Lee. Kirkuk Governorate has reportedly renewed its demands on the central government to honour a pledge and build a $3-5 billion (3.5-5.8 trillion Iraqi dinar) oil refinery in the province. Alsumeria News quoted the acting chairman of Kirkuk Provincial Council as saying that the project has been on the cards since 2007, but […]
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. Real Estate Wreckers: While Ordinary Basra Families Suffer, A New Upper Class Profits Real estate prices in Basra are rising dramatically thanks to the oil industry, the province’s economic prowess […]
