In a ceremony in Baghdad today, Sweden signed a US$4 million agreement with the United Nations Development Programme (UNDP) to support stabilization in newly liberated areas of Iraq. The contribution, provided to UNDP’s Funding Facility for Immediate Stabilization (FFIS), will help thousands of people as they try to restart their lives in areas which have […]
More people have been forced to flee from Ramadi, capital of Al Anbar Governorate in central Iraq, after violence broke out between Iraqi forces and Daesh in November. Many have crossed the River Euphrates in search of refuge in camps to the west of Iraqi capital Baghdad. MSF has launched an emergency logistics and medical […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's foreign ministry has summoned the Turkish ambassador to Baghdad to protest against the deployment of Turkish forces near the northern Iraqi city of Mosul and demand their immediate withdrawal. Al Jazeera's Imran […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Service Contracts Vs Production Sharing Contracts Revisited Debating the performance of the service contracts and viability of production sharing contracts as alternative seems to reenergizes lately among Iraqi professionals; this is prompted […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has called on Turkey to immediately withdrawal Turkish troops operating in the country's north, saying the deployment was a violation of Iraqi sovereignty, the prime minister's office said on Saturday. Al Jazeera's […]
By John Lee. The international airports at Erbil (pictured) and Sulaymaniyah have been closed due to Russian aerial operations against Islamic State (IS, ISIS, ISIL) militants in Syria, according to a report from BasNews. Iraqi aviation authorities told the airports to close on Sunday evening for 48 hours -- flights are scheduled to resume on […]
By John Lee. Shafaaq reports that a new border crossing has been opened between Sulaymaniyah in Iraqi Kurdistan, and Iran. The new crossing at Siran Bin is the third in the province, and connects with the Iranian city of Bana. At the opening ceremony, the governor of Sulaimaniyah predicted that the new crossing will ease […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd Dec 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID991 / $1,037 (+3.9%) (weekly change) (-28.9% and -30.0% YTD change, respectively). The number of week traded shares […]
The Department of State warns U.S. citizens against all but essential travel to Iraq. Travel within Iraq remains very dangerous given the security situation. The ability of the Embassy to assist U.S. citizens facing difficulty, including arrest, is extremely limited. Private U.S. citizens are strongly discouraged from traveling to Iraq to join in armed conflict. […]
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. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 12 remittance companies took part in its currency auction on Sunday. A total of $209,340,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
U.S. Embassy Praises Iraqi Government, World Food Program Food Assistance Distribution in Anbar The U.S. Embassy praised the Government of Iraq and United Nations World Food Program (WFP), who yesterday donated and distributed more than 1000 metric tons of food to 70,000 people in the besieged cities of Haditha and Al Baghdadi in Anbar Province. […]
