By John Lee. Antigua's opposition is planning to stage a public rally against government plans to establish an embassy in Iraq, and to allow Iraqis to become citizens under the Citizenship by Investment Programme (CIP). Under the CIP programme, foreign individuals can effectively buy citizenship, which allows them access to the European Union via the […]
The Kurdistan Regional Government's Department of Information Technology (DIT) has announced that Kurdistan’s top level domain, ".KRD" is available for public registration. The Department encourages brands, organizations and individuals to take this opportunity to register the names that are important to them. “In an era of increasing global connectivity and emergence of billions of new […]
By John Lee. Reuters reports that a fire broke out on Tuesday evening at an abandoned natural gas well in the Khabbaz oil field, 20 km southwest of Kirkuk. The well is close to an area controlled by militants loyal to the so-called Islamic State (IS, ISIS, ISIL, Daesh). Firefighters were trying to put out […]
The Netherlands is giving $5.69 million (€5 million) to the United Nations Development Programme (UNDP) to support stabilization in areas newly liberated from the Islamic State of Iraq and the Levant (ISIL). The Dutch contribution will be allocated in two installments to UNDP’s Funding Facility for Immediate Stabilization (FFIS) which channels fast-track support to liberated areas […]
By Padraig O'Hannelly. Former Oil Minister Dr. Hussain Al-Shahristani (pictured) has responded to the recent reports of alleged corruption involving Unaoil. In an email to Expert Blogger Ahmed Mousa Jiyad, for publication on our Iraq Business News website, Dr Al-Shahristani says that he has "not known, met or communicated in any way with anybody from […]
By John Lee. Iran has cut electricity to the Penjwen district east of Sulaimani, as well as to neighboring villages in Iraqi Kurdistan, since Monday. According to a report from eKurd, the supply was cut off after the Kurdistan Regional Government (KRG) failed to repay loans of $27 million to Iran. Iran has provided the Penjwen […]
A total of 1,119 Iraqis were killed and another 1,561 were injured in acts of terrorism, violence and armed conflict in Iraq in March 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in March was 575 (including 45 federal police, Sahwa civil defence, […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and remotely piloted […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 22 remittance companies took part in its currency auction on Tuesday. A total of $105,341,338 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Unaoil Corruption Scandal: International and Iraq update and follow-up The recent joint report by Australia's Fairfax Media and the Huffington Post uncovering serious international corruption scandal allegedly masterminded by a Monaco based […]
By John Lee. Prime Minister Haider al-Abaid has called for an investigation into allegations of bribery in the Iraqi oil industry. Iraq's ambassador to the United States, Lukman Faily, has also said that al-Abadi will personally chair a new committee to review all major contracts issued by government ministries. The moves follow reports from the […]
By John Lee. The Prime Minister's nominee for the post of oil minister in his new 'technocrat cabinet' has reportedly withdrawn his candidacy, apparently because he had not been formally proposed by the main Kurdish groups. Nizar Saleem Numan, a 65-year-old Kurdish petroleum geologist, who is the dean of the college of planning at the University […]
