By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Wednesday. A total of $237,207,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Anne-Laure Barbosa at Constellis Consulting Violence across Iraq’s northern and central provinces remained at a similar intensity to the previous reporting period and only Kirkuk experienced a significant increase in the number of attacks. Fatalities fell, but 318 people were killed and over 500 injured as a result of the ongoing violence. According to UN […]
By Patrick M Schmidt. International cargo flights to Kurdistan were set to resume today (Tuesday) following an announcement by the central government this month in reaction to the KRGs move for independence. The resumption of flights will impact a number of Turkish, Qatari, and Emirati airlines that operate out of the KRGs two main airports […]
By Patrick M Schmidt. During a tour of Rumaila oil field, the Iraqi Minister of Oil, Abdul Kareem al-Luaibi [Elaibi] , announced that two unmanned drones would begin flying over the vital oil infrastructure in the south of Iraq. His announcement marks the first time that drones have been used to protect energy interests. The […]
Sterling Global Operations puts first Micro MineWolf tracked armored vehicle into use in Kurdistan Sterling Global Operations (SGO) is operating the first Micro MineWolf (MW50) anti-mine armored tracked vehicle – designed for use in mountainous and other hard-to-access locations – in Kurdistan as part of SGO’s work supporting oil and natural gas exploration, demining projects, […]
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. After 10 years of difficulty in managing political and security crises, Iraq is in need of a new vision for the concept of political dialogue. The management of dialogue is not only […]
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. Najaf and Qom have taken two different approaches in dealing with general political affairs in Shiite communities since the introduction of the idea of velayat-e faqih. Although this idea was put forward […]
The Islamic State of Iraq and Sham (ISIS) is killing, kidnapping, and threatening religious and ethnic minorities in and around the northern Iraqi city of Mosul. Since capturing Mosul on June 10, 2014, the armed Sunni extremist group has seized at least 200 Turkmen, Shabaks, and Yazidis, killed at least 11 of them, and ordered […]
By John Lee. Turkish officials have announced that the flow of crude oil to the port of Ceyhan (pictured) will be resumed in the coming days, after oil tankers at the port are loaded. The flow was stopped last week when the port reached its storage capacity. According to Daily Sabah, the total storage capacity […]
By John Lee. General Dynamics Land Systems has been awarded a $65-million (76-billion Iraqi dinars) modification to its foreign military sales contract for specialized training, contractor logistics support, and base life support for the Iraq M1A1 Abrams program. Funding and work location will be determined with each order. Estimated completion date is Feb. 28, 2015.. […]
By Madeleine White, Managing Editor of NINA. Suaad Allami, a Vital Voice of Leadership for Iraq and an Inspiration for Women Everywhere It is interesting when you interview people. Sometimes you get to meet them physically, sometimes you get to speak by skype or by phone, other times answers are returned by Email. Each interview leaves […]
A UN report released Friday documents a litany of serious human rights violations committed by the Islamic State of Iraq and the Levant (ISIL) and associated armed groups between 5 June and 5 July, including some that may amount to war crimes and crimes against humanity. The report also documents violations committed by Iraqi security […]
