By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Despite all the negative developments concerning extremist groups in the Middle East, they have had a positive impact on religious communities. Shiite and Sunni institutions in Egypt, Iraq, Saudi Arabia and Iran agreed to denounce […]
By John Lee. Prime Minister Dr. Haider Al-Abadi met a number of locally-resident Iraqi businessmen in Abu Dhabi earlier this week. He listened to the views, observations and suggestions delivered by the investors related to the laws and travel procedures that should be facilitated, in addition to the significance of providing a suitable environment for […]
By John Lee. The former CEO of US-based engineering consulting firm Louis Berger Group has pleaded guilty to overbilling for reconstruction contracts in Iraq and Afghanistan. Bloomberg reports that Derish Wolff, 79, admitted that he conspired to defraud the U.S. Agency for International Development (USAID) over nearly 20 years, enriching himself and his company with […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up more than 16 percent up on Tuesday, after the company issued an update on its operations at Shaikan, its key producing asset in Iraqi Kurdistan. The shares had been languishing at new lows earlier in the week, having lost more than three-quarters of their […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The first rainfall of the season swept Iraqi cities Nov. 21, causing flooding in schools, houses and streets. Siham Ahmed, a student from al-Diwaniya city south of Baghdad, couldn’t get to […]
By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari recently met the President of Iran, Mr. Hassan Rohani, in Tehran. The Minister was in the city to participate in an international conference on violence and extremism. He said that Iraq is progressing steadily, and it is important to clarify issues of common interest between it and […]
The World Health Organization (WHO) and World Food Programme (WFP) have collaborated to deliver eight mobile medical clinics which arrived in Erbil on Sunday. These urgently needed clinics will be immediately deployed to parts of Iraq and Kurdistan Region of Iraq (KRI). The vehicles, flown in from Amman, Jordan, were procured by WHO and have […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks took part in its currency auction on Monday. A total of $169,809,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Reconciliation between Sunni groups and the Iraqi state remained at the top of the political agenda this week, as PM Abadi sought to strengthen his domestic and international alliances. With Sunni-tribal fighters now fighting alongside ISF units across Anbar, Salahuddin and Nineveh provinces, cooperation between the two groups has improved substantially over recent months, though […]
The British Business Group Kurdistan (BBGK) held its launch reception on Wednesday 10th December in the fabulous setting of the Jaguar Land Rover Showroom in Erbil. The event was attended by business people, members of the diplomatic community and representatives from the Kurdistan Regional Government. The BBGK was recently established as it was felt there […]
December 2014. A year of adversity and endurance and yet also opportunity in Iraq. As the Editor in Chief of Nina Magazine, a bilingual magazine in print and online for Iraqi women everywhere, I passionately believe in the power of young people to step up, once they believe they can do something. That of course is the importance […]
Prime Minister Dr. Haider Al-Abadi and his accompanying delegation arrived in Abu Dhabi on Monday morning, and were welcomed at the presidential airport by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the head of the mission of honor Dr. Sultan […]
