By John Lee. Iraq produced a record of around 4 million barrels per day (bpd) of crude oil in December, Oil Minister Adel Abdel Mehdi (pictured) told a press conference on Sunday. This beat the previous record for Iraqi production of 3.56 million bpd in 1979, according to an official from the State Oil Marketing […]
By John Lee. Defense News cites a source within the government of the United Arab Emirates as saying that the UAE may sell up to 10 Mirage 2000-9s fighter jets to the Iraqi Air Force in March. The decision comes following a visit by the Iraqi Prime Minister, Haider al-Abadi, to Abu Dhabi in December. […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, some of the heaviest fighting between ISIL fighters and Kurdish Peshmerga forces is taking place outside Erbil, the capital of the autonomous Kurdish region. But people in the city itself enjoy […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th January 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,292 / $1,375 (-7.2%) (weekly change). The number of week traded shares was 4.3bn and the weekly trading […]
A high ranking delegation from the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia, headed by Mr. Abdul-Rahman al-Shahri, visited Kurdistan Region to prepare the opening of the Saudi Arabian Consulate in Erbil in a near future. In a meeting held yesterday with the Kurdistan Region Prime Minister, Nechirvan Barzani, Mr. al-Shahri stated […]
By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari received on 15th January the Chinese ambassador to Iraq, Mr. Wang Yong. Dr. Jaafari hailed the Chinese support for Iraq in its war against terrorism through its humanitarian assistance to the displaced people, pointing out that Iraq is looking forwards to establishing better relations with China, and […]
By John Lee. A director of the National Iranian Gas Company (NIGC) has said that Iran plans to begin supplying natural gas to Iraq on a regular basis by May of this year. Azizollah Ramezani said about six to seven kilometers of the pipeline has yet to be laid on the Iraqi side of the […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Monday. A total of $166,606,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Reuters reports that a shipping insurer has warned that Iranian oil is being disguised as Iraqi, in an attempt to flout sanctions on Tehran. Insurer West of England said that Iranian crude labelled as Iraqi crude from Basra was being transferred ship-to-ship (STS) by smugglers at the Khor Fakkan port in the […]
His Excellency the Governor of Basra, Dr Majid Al-Nasrawi, together with representatives of the Basra Provincial Council, Mr Aqeel Al Khalidi, Mr Hayder Al Saadi, Mr Jabbar Al Saadi, and Mr Munther, joined the Chairman of the Iraq Britain Business Council (IBBC), Baroness Emma Nicholson, in a dinner at the new Shams Hotel on the […]
Kurdistan Regional Government Prime Minister, Nechirvan Barzani, received last Tuesday the President of the International Committee of the Red Cross, ICRC, Mr. Peter Maurer, accompanied by the head of ICRC Erbil office and ICRC representative in Iraq. Mr. Maurer praised the Kurdistan Regional Government for the efforts it exerts to improve human rights and prisoners […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, Sunni tribes have been recruiting more fighters to join the battle against the Islamic State of Iraq and the Levant. The government has started to supply the tribesmen with more weapons […]
