Archive | 2015

Propaganda Wars in Mosul

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. It's All Lies: How Propaganda Wars in Extremist-Controlled Mosul, Iraq, are Being Fought From the very beginning of its prominence in Iraq, it has been very obvious that the leaders […]

Banks Refuse to Ante Up amid Liquidity Shortage

By Amina al-Dahabi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s private banking sector is having trouble meeting customers’ demands because of liquidity issues, leading to unrest and worry. Some banks are limiting withdrawals to a specific percentage of deposited funds, while others have stopped […]

Displaced Iraqis Create Boom for Used Goods

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. Second Hand Holidays in Kut: Displaced Iraqis Equal Boom for Used Goods Market In the city of Kut, one of the biggest beneficiaries of this year's Eid al-Fitr holiday – […]

Schlumberger Updates on Iraqi Operations

By John Lee. While describing its activities in Iraq as 'muted', oil services company Schlumberger gave details of two projects in the country in its Second-Quarter 2015 Results. Italy's ENI awarded the company a three-year integrated well construction contract which covers the drilling of 30 wells and includes the provision of land drilling rigs, directional […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th July 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: ISX will be closed starting from July 19, 2015 to July 21, 2015 due to the national holiday of Eid Al-Fitr. The next session […]

Coalition Aircraft Continue Airstrikes Against ISIL

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. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber, fighter and remotely piloted […]

One Team, One Dream, for Iraqi Children

Building on the energy created by a coalition of  four veteran-led organizations, the Iraqi Children Foundation (ICF) and its "Soccer Salam" partners announced this week the launch of  "One Team, One Dream" to provide $20,000 more in aid to Iraqi kids and families fleeing ISIS. After a December airlift of 5 tons of winter aid and soccer balls, the Soccer Salam coalition - ICF, […]

Iraqi Oil Sales to South Korea Soar

By John Lee. Iraq became South Korea’s third-largest suppier of oil in the first half of this year, according to a report from Bloomberg. Purchases of Iraqi crude oil soared 73 percent to 8.25 million metric tons through June in 2015, the highest level since at least 2000. (Source: Bloomberg)

Iraq Closes Border Crossings with Jordan

By John Lee. An official source has told the Jordan News Agency, Petra, that the Iraq government had informed Jordanian authorities of its decision to close border crossings between Iraq and Jordan until further notice. The source urged passengers and drivers who want to travel to Iraq not to head to the border crossings until […]

Bribery Alleged in Czech Plane Deal

By John Lee. Iraqi politicians have reportedly made allegations of corruption relating to the sale of Czech military aircraft to Iraq. According to media sources, Iskandar Watoot, from the Iraqi parliament's security and defense committee, says corruption worth millions of dollars has accompanied the purchase of the L-159 subsonic combat planes, while Haitham al-Jubouri, a […]

Coalition Airstrikes Destroy Bomb Factory

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 today. “In the past 48 hours, coalition airstrikes hit five vehicle-borne [improvised explosive devices] and a factory producing these weapons in Ramadi,” said Army Lt. […]

Currency Auction Results, 15th July

By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 8 remittance companies took part in its currency auction on Wednesday. A total of $364,691,686 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)