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 $231,723,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Range Energy Resources has announced that, on October 16, 2014, Gas Plus Khalakan ("GPK"), the sole contractor of the Khalakan Block in the Kurdistan Region of Iraq, announced by press release that it has declared the Shewashan light oil discovery commercial under the terms of the Khalakan Production Sharing Contract (the "PSC") and is preparing […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. 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 Business News. After a month of wrangling and indecision that extended into the Eid al-Adha holiday, […]
The United States and its allies will continue to provide support and assistance to the Kurdistan Region, a visiting US delegation told Prime Minister Nechirvan Barzani yesterday. The Prime Minister, along with a number of senior Kurdistan Regional Government officials yesterday in Erbil welcomed the United States Deputy National Secretary Advisor Anthony Blinken and his […]
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. Each year, Arab TV stations compete to buy and broadcast dramatic productions from Egypt, Syria and Gulf counties. Yet, there is no demand for Iraqi drama, which is limited to local TV channels. It is […]
A report published Sunday by the UN Assistance Mission for Iraq (UNAMI) and the Office of the High Commissioner for Human Rights (OHCHR) documents the alarming rise in executions carried out by Iraq since the restoration of the death penalty in 2005. The report documents that the number of executions carried out in Iraq rose […]
By John Lee. Oil and gas service provided Petrofac has said that the security problems in Iraq have had "no significant impact" on its operations. In its Interim Management Statement, the company said: "Our operations in Iraq are south and east of Baghdad and represent less than 5% of the Group's expected revenues for 2014. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th October 2014). Note: ISX announced that they will suspend the trading sessions for one week to transfer the data and complete the preparations to switch from Horizon to X-Stream trading system. The last trading session using the Horizon system was on October […]
By John Lee. Iraqi Oil Minister Adel Abdul-Mahdi [Adil Abd al-Mahdi] has called on German companies to contribute to the development of the oil industry in Iraq. At a meeting with the German ambassador to Iraq, Eghard Boroza, Mahdi praised the position of the government and the German people to support the aspirations of Iraq. […]
KRG officials call upon the international community to help abducted Kurdish Yezidi women KRG officials seek international mobilization to consider the case of women abducted by ISIS terrorists. Following severe terrorists attacks against Kurdish Yezidi towns and villages in late July and early August, a large number of women and underage girls were abducted. According […]
From Amnesty International. Shi’a militias, supported and armed by the government of Iraq, have abducted and killed scores of Sunni civilians in recent months and enjoy total impunity for these war crimes, said Amnesty International in a new briefing published today. Absolute Impunity: Militia Rule in Iraq provides harrowing details of sectarian attacks carried out […]
By John Lee. ShaMaran has announced that it will launch a CAD 75 million equity rights offering to its shareholders that is supported by a comprehensive equity support arrangement from major shareholders, Lorito Holdings, Zebra Holdings and Investments, and Lundin Petroleum B.V. (the 'Standby Purchasers'). The proceeds of this financing will augment the funding required […]
