Archive | 2014

Hana Sadeq: An Iraqi Success Story

By Sana Bekki. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. I met with Hana Sadeq, the Ambassador of Arab fashion in Amman. Hana’s kaftans and abayas represent business success. However, by opening a window to the all-too-often hidden charm of Arab women, she has […]

KRG Appoints New Representative to the US

The Kurdistan Regional Government Council of Ministers has appointed the current KRG Representative to the United Kingdom, Ms. Bayan Sami Abdul Rahman, as the new KRG Representative to the United States of America. Commenting on this decision, the Head of the KRG Department of Foreign Relations, Minister Falah Mustafa said: “Based on the KRG’s policy […]

US Charities Team Up to Help Iraqi Children

Four US Charities Team Up to Deliver Emergency Winter Supplies, Soccer Balls to Iraqi Children and Families fleeing ISIS A coalition of four US-based charities founded by veterans of Desert Storm and the Iraq War are mobilizing emergency winter aid for Iraqi families fleeing ISIS and delivering soccer balls to Iraqi children who deserve a […]

Currency Auction Results, 10th Dec

By John Lee. The Central Bank of Iraq (CBI) has reported that 15 banks took part in its currency auction on Wednesday. A total of $170,771,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Weekly Security Update, 02 - 08 December 2014

Anticipation of a growing role for US ground troops reignited historic divisions within the governing elite during the reporting period, as MPs clashed over claims that foreign personnel would be granted immunity from prosecution under Iraqi law. While PM Abadi has publicly denied the allegations, following the announcement of 1,500 additional US advisers to the […]

Petrojet Wins Major New Iraq Contracts

By John Lee. Egypt’s state-owned Petroleum Projects & Technical Consultations Company (Petrojet) has reportedly won two contracts in Iraq valued at $142.5 million (166 billion Iraqi dinars). In the first contract, worth $75 million, Petrojet will carry out the first phase of the rehabilitation and upgrade of the current facilities in Basra Gas Company, for […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th December 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,370 (+0.2%)/ $1,486 (+0.3%) (weekly change) (-26.5% and -25.2% YTD change, respectively). The number of week traded shares […]

PM Abadi Meets CEO of BP

By John Lee. Prime Minister Dr. Haider Al-Abadi met the CEO of BP, Bob Dudley, in his office on Sunday. During the meeting, they discussed the production and development of oil fields in Iraq, and in particular the oil fields operated by BP in Rumaila and Kirkuk. Dr. Haider al-Abadi expressed Iraq’s interest in increasing […]

Oil Deal a Sign of Hope between Baghdad, Erbil

By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As soon as the oil agreement signed Dec. 2 between the Iraqi government and the Kurdistan Regional Government (KRG) was announced, optimism emerged in Iraqi and international circles, which considered the agreement to be the […]

FM Praises French Assistance against IS

By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari met the French Defense Minister, Jean-Yves Odrian, during a visit to Manama. The Minister praised France's position in the war against terrorism and its support for Iraq, in addition to mobilizing European public opinion against ISIS, describing the French support as "powerful and influential". For his part, […]

KRI "has Preserved its Economic Position"

Dara Jalil Khayat, Chairman of the Kurdistan Federation of Chambers of Commerce and Industry said, “Despite the recent challenges, Kurdistan Region has preserved its economic and trade position. The Kurdistan Region has become an important centre for trade in Iraq and the overall region thanks to its security and stability.” Dara Khayat told KRG.org that […]

Video: Yazidis Face Harsh Winter

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands of Yazidis in northern Iraq are in urgent need of humanitarian aid. Food and fuel supplies are dwindling as many remain trapped on Mount Sinjar after fleeing from ISIL fighters. Iraqi army […]