By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 7 remittance companies took part in its currency auction on Sunday. A total of $175,008,113 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
U.S. counter-terror officials have asked Toyota to help them determine how the Islamic State group (ISIS, ISIL, IS) has managed to acquire the large number of Toyota pick-up trucks and SUVs seen prominently in the terror group’s propaganda videos. According to a report from ABC News, Toyota says it does not know how ISIS obtained […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Russian President Vladimir Putin's bullish entry into the Syrian conflict has worked wonders for his popularity in neighbouring Iraq, where some await "Hajji Putin" like a saviour:
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Setting A Good Example: When It Comes to Reforms, 'Model' Iraqi Kurdish Region Is Lagging Behind Baghdad The crises that caused Iraqi PM Haider al-Abadi to announce serious reforms also […]
Further building on its partnerships to support Iraq’s power sector, GE (NYSE: GE) has received an order from Mass Global Investment Company to provide advanced gas turbines for a new 3-gigawatt (GW) power plant in Bismayah, only 30 kilometers away from Baghdad within a massive housing development project. The Bismayah plant will support Baghdad and […]
For the first time since the Committee to Protect Journalists (CPJ) compiled the Impunity Index, Iraq is not ranked as the worldwide worst offender, as Somalia edged into that spot. Iraq's numbers of unsolved murders remain staggering -- 84 journalists have been slain with complete impunity over the last decade, far more than any other […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mid-East's New 'Cold War': Why The Russians Won't Win Against Extremists in Iraq Since the announcement of a new military alliance including Russia, locals have been trading arguments. Could Iraq […]
During the ATC Global exhibition in Dubai, France's Thales announced that it has been awarded a contract to supply one Instrument landing system with distance measuring equipment (ILS/DME) and all related services for Najaf Al-Ashraf International Airport in Najaf. The city of Najaf, situated in southern Iraq is the site of the Imam Ali Shrine […]
The pipeline to carry gas to Iran’s western and northwestern regions as well as exporting it to neighboring Iraq will start soon with BOT (Build-Operate-Transfer) financing from Bank Pasargad, the bank’s CEO has said. “We have increased our investment for the development of oil, gas, refining, and petrochemical industries. The contract to finance the Iraq […]
Iraq Britain Business Council (IBBC) delegates visited the Khor Al Zubair Fuel Depot this week as part of a Mission to Basrah. Host Mike Douglas, CEO of SKA International, welcomed the delegation and highlighted the following points on making business in Iraq: “You need to be tenacious, as well as patient, in order to succeed […]
UNAMI holds Open Forum on UN Security Council Resolution 1325 with Iraqi Women UNAMI on Monday held an Open Forum on UN Security Council Resolution (SCR) 1325 with Iraqi women leaders and civil society representatives to assess progress and identify ways to better accelerate action on implementing UN Security Council Resolution 1325. The Forum provided […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter aircraft conducted […]
