By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Monday. A total of $265,331,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Iraqi Embassy's commercial attache in Tehran, Shaker Rawaq al-Da'ami, has said that Baghdad and Tehran plan to establish a joint bank to ease monetary transactions between the countries. The two sides agreed to sign a Memorandum of Understating (MoU) in order to facilitate financial exchanges. Al-Da'ami also said trade and economic […]
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. Extremists And Errant Cleric Wrecking Karbala’s Tourism-Based Economy The southern Iraqi city of Karbala makes a lot of its money from religious tourism; it is the site of some of […]
Axel Plathe, Director of UNESCO Office for Iraq, condemned today the bombing that targeted the house of Iraqi reporter Maytham Al-Shibani in Diwaniyah, calling for more efficient measures to ensure the safety of media professionals in Iraq. “On behalf of UNESCO, I strongly condemn the recent attack that targeted Maytham Al-Shibani, and I call the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th Septemner 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,539 (+1.5%)/ $1,660 (+1.3%) (weekly change) (-17.5% and -16.4% YTD change, respectively). The number of week traded shares […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. School buildings in Iraq are frequently the only ones large enough to shelter the influx of families fleeing the advance of the Islamic State:
By John Lee. The KRG's Minister of Natural Resources, Ashti Hawrami, has said repairs to the Baiji refinery will take more than a year, following attacks by militants of the Islamic State in June. According to the report from NINA, he also confirmed that shipment of oil through the pipeline linking Kirkuk and the Turkish […]
As the UN refugee agency continues a major aid operation for almost half a million displaced people in northern Iraq, pressure on accommodation remains acute. "Many schools are still being used to house the displaced. In addition, there is urgent need to reinforce tents and other housing in preparation for the coming winter," UNHCR spokesman […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abadi's Balance Draws Praise, but Governing Iraq a Tightrope Act Iraq’s Prime Minister-designate Haider al-Abadi has not sought media attention or stirred up political, sectarian and nationalist sensitivities in speeches and statements […]
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. Paying For The Caliphate: When Extremists Become Bad Bank Managers In Mosul Up until now, locals in Mosul, the northern city under the control of Sunni Muslim extremists, have not […]
By John Lee. Iraq has taken legal action against Greece’s Marine Management Services (MMS) over its role in the export of crude oil from Iraqi Kurdistan, which Baghdad regards as illegal. The tanker concerned, the Marshall Islands-flagged United Kalavrvta (pictured), is still said to be fully laden off the coast of Texas, carrying $100m worth […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly resume the export of oil by truck to Iran. Iran closed its border crossings with the KRG for Kurdish crude oil exportation early last month. (Source: BASNEWS)
