According to casualty figures released by UNAMI, a total of at least 1,119 Iraqis were killed and another 1,946 were injured in acts of terrorism and violence in September*. The number of civilians killed was 854 (including 79 civilian police), while the number of civilians injured was 1,604 (including 84 civilian police). A further 265 […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Kurdish Peshmerga fighters are trying to reverse gains by the Islamic State of Iraq and the Levant (ISIL) who have overrun much of the country's north. The group is in control of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq's western Anbar Province a renewed offensive against ISIL has resulted in fierce battles being fought on several fronts through out the province. Al Jazeera's Imran Khan reports from Baghdad.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey's parliament has voted to allow foreign troops to use Turkish military bases. That could mean US and coalition forces launching attacks on ISIL fighters in Syria and Iraq from Turkey. Turkish soldiers […]
By John Lee. Afren has announced that, following an improvement in the security situation in the border region of the Kurdistan Region of Iraq, it has begun the process of returning staffing levels to normal at the Barda Rash field with a view to resuming drilling and production activities as soon as possible with the […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 10 banks took part in its currency auction on Thursday. A total of $137,430,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Mark DeWeaver. Falling prices and higher dividends have led to a jump in ISX dividend yields this year. As of September 30, Rabee Securities’ RSISX index was yielding 4.5%, up from 1.5% in 2013 and 0.0% in 2012. Yields are also improving relative to local interest rates, which have been gradually declining. The RSISX […]
By John Lee. Sharess in Gulf Keystone Petroleum surged as much as 10 percent by lunchtime on Wednesday, after teh company issued an update on the its operations at Shaikan, its key producing asset: The Company remains focused on achieving the target of 40,000 barrels of oil per day ("bopd") of production capacity from the […]
By John Lee. A report by Chris Dalby of Oilprice.com finds that the 11 oil fields that IS controls in Iraq and Syria have made it a largely independent financial machine. Its fields in Iraq alone are thought to produce between 25,000 and 40,000 barrels of oil per day, earning it an estimated $1.2 million [1.4 […]
By John Lee. Kurdish Peshmerga fighters have reportedly driven Islamic State (IS) fighters from the strategic border town of Rabia on Tuesday. According to a report from Reuters, the victory was achieved with help from Kurds from the Syrian side of the frontier, a new sign of cross-border cooperation. Members of the influential Sunni Shammar […]
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 $223,193,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. In its interim management statement issued on Tuesday, Russian-based HMS Group said that since the start of this year it has signed several contracts for business in Iraq. The contracts, which it values at about 1 billion rubles ($25 million; 29 billion Iraqi dinars), were signed with Russian and international oil and […]
