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 $186,236,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Newly-appointed prime minister Haidar al-Abadi has called for an end to the boycott by a number of governorates of products from neighbouring countries, including Saudi Arabia. He urged those provinces to instead develop their economies through regional cooperation, particularly with neighbouring states. A number of provincial councils, including Baghdad, Basra and Najaf, […]
Prime Minister Nechirvan Barzani today received Mr Tan Banglin, envoy from China's Foreign Ministry appointed to be the first Chinese consul general in the Kurdistan Region. Mr Banglin said that he was very pleased to visit the Kurdistan Region, stating that he has arrived in the Region during this difficult time to express China’s solidarity […]
By John Lee. According to a report from Reuters, a US federal appeals court has rejected Iraq's effort to sue dozens of companies for allegedly conspiring with the Saddam Hussein regime to subvert the United Nations' oil-for-food programme and deprive Iraqi citizens of humanitarian aid. The court said Iraq's government could not recoup damages under […]
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. New Iraqi Govt Doomed To Spend All Year Fixing Problems Caused By Previous Regime During his last days in power, Iraq's former Prime Minister Nouri al-Maliki (pictured) made senior appointments […]
By Mark DeWeaver. It’s been lackluster year for the ISX-listed banks. Total pre-tax profit for the 12 non-Islamic lenders that have reported so far fell 12% in the first half on a 3% decline in operating revenue, an 8% increase in operating expense, and a 21% increase in administrative expense. Earnings dropped at 7 of […]
By John Lee. Reuters reports that Iraq's oil exports fell from $7.8 billion in July to $7.1 billion in August. Citing sources at the State Oil Marketing Organisation (SOMO), the report said that 73.6 million barrels of oil were exported in August at an average price of $97.4 per barrel, down from $102.8 in July. […]
The Foreign Minister of Belarus, Mr Vladimir Makei, arrived in the Kurdistan Region yesterday to strengthen bilateral relations and sign a memorandum of understanding. Prime Minister Nechirvan Barzani, Deputy Prime Minister Qubad Talabani, and senior KRG officials received the Foreign Minister and his delegation. In the meeting, both sides exchanged views on bolstering relations 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. New Awakening? Locals in Kirkuk Slowly But Surely Turn Against Extremists Sunni Muslim extremists continue to kidnap, execute and otherwise impose their authoritarian rule on locals in the areas they […]
By John Lee. Maysan [Missan] police have reportedly arrested a gang producing counterfeit Iraqi dinars in the city of Amara. According to a report from NINA, the gang of three people was found in possession of fake dinars, and the case will be presented to the judiciary. (Source: NINA) (Dinar image via Shutterstock)
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The United States welcomed an announcement by French President Francois Hollande that France would join US-led air strikes against Islamic militants in Iraq.
By Dr Natalie Schoon, Islamic finance expert. This article was original published by Nina Magazine, (www.nina-iraq.com) and is republished here with their permission. It is un-Islamic for Muslim women to laugh out loud in public. At least, this is what was stated by a senior Turkish cabinet member early summer 2014. Unfortunately, he is not alone […]
