By John Lee. In its 2014 Full-Year Results, Dragon Oil gave the following update on its operations in Iraqi Kurdistan: On 10 September 2014, the partners in Block 9 in Iraq, Dragon Oil (30%) and Kuwait Energy (70% and operator), announced their first oil discovery at the consortium's first target, the Mishrif formation, reached at […]
By John Lee. All Iraq News (AIN) has reported that Prime Minister Haider al-Abadi has dismissed the Acting Mayor of Baghdad, Naeem Aboub [Naeem Abaob al-Kaabi] (pictured). An official from the Higher Education Ministry has replaced him as Acting Mayor. (Source: AIN)
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks took part in its currency auction on Tuesday. A total of $79,650,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
A Kurdistan Regional Government senior delegation, headed by Prime Minister Nechirvan Barzani was received in Baghdad yesterday by Iraq’s Prime Minister Haider al-Abadi and a number of Iraq’s federal government officials. The two sides held two meetings during this one day visit of the Kurdistan Region delegation to Baghdad. The main objective of the meetings […]
Dr. Haider al-Abadi, the Prime Minister, received Mr. Isaac Jhangere [Es'haq Jahangiri], Vice President of the Islamic Republic of Iran, who arrived in Baghdad this morning at the head of a senior-level delegation. After an official reception ceremony, a bilateral meeting was held to tackle the development of relations between the two countries and issues […]
By John Lee. The former head of the Energy Studies Department at the Opec Secretariat in Vienna has said that delays in capturing associated gas from Iraq's oilfields is costing the country billions of dollars. Saadallah Al Fathi told GulfNews.com that the Basra Gas Company (BGC) is very slow in rehabilitating and maintaining the plants […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th February 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,264 (-2.2%) / $1,323 (-2.4%) (weekly change) ) (-9.3% and -10.7% YTD change, respectively). The number of week […]
President Masoud Barzani received a United States military and diplomatic delegation at his office today. The U.S. delegation was headed by General Joseph Votel, the Commander of the Special Operations Command as well as the U.S. ambassador to Iraq and other U.S. defense and state officials. During the meeting President Barzani shared his perspective on […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Anbar Officials Reject Shiite Popular Mobilization Forces Officials in Iraq's Anbar province are concerned about the members of popular mobilization forces carrying out sectarian revenge operations against the residents of the province, […]
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 $87,650,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqis had high hopes when in December, following months of waiting, a committee began an investigation into last June's fall of Mosul to the Islamic State. At the start, the committee banned more than 50 […]
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. Helping Shiite groups in their military operations against Israel or the United States has always been a source of discord among Salafists. Radical Salafists consider both Shiites and Jews the enemies of Islam. But anti-Shiite […]
