From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. When Shia cleric Muqtada al-Sadr speaks, millions of Iraqis listen. Al Jazeera's Bernard Smith explains:
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $80,514,348 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] (pictured) has said he is "suspending his participation" in cabinet meetings, until parliament votes on his resignation, which he offered last summer. He has also cancelled all appointments and activities relating to his position as Minister, saying that his decision was aimed at "confronting […]
By John Lee. Iran has reportedly signed an agreement with France's Total to develop the South Azadegan oil field, which is shares with Iraq. Iranian Oil Minister Bijan Zangeneh (pictured) is quoted as saying that both parties have agreed to keep the details of agreement confidential, adding that the French firm is now "studying its […]
Siemens has signed a Memorandum of Understanding (MoU) with the Federal Government of the Republic of Iraq to strengthen the collaboration with the Ministry of Energy as well as Ministry of Oil & Gas for modernizing the energy infrastructure and the Oil & Gas sector. In the presence of the Prime Minister of Iraq, Mr. […]
By John Lee. The Iraqi Parliament has set a deadline of Thursday this week for Prime Minister Haider al-Abadi to present a new cabinet. Nearly two months ago, Abadi said he would replace the current ministers with “technocrat” figures who are no affiliated with political parties. "If Abadi fails to present his new cabinet, he […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th Mar 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD869 (-2.4%) / $881 (-2.4%) (weekly change) (-20.3% and -23.1% YTD change, respectively). The number of week traded […]
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 on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and remotely […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 19 remittance companies took part in its currency auction on Monday. A total of $84,669,310 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces on Sunday cleared villages from which they ousted jihadists south of Mosul, the Islamic State group's main hub in the country:
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A suicide bomber has blown himself up at a football stadium south of the Iraqi capital Baghdad, killing at least 30 people and injuring 95 others. Al Jazeera's Bernard Smith reports:
By John Lee. Platts reports that Iraq's oil ministry has received a bid from a Jordanian-Chinese consortium to build and operate a 1-million-bpd crude oil export pipeline to the Red Sea port of Aqaba. Jordan's Mass Group Holding, along with a consortium of Chinese companies, submitted a service fee proposal to Iraq's oil ministry for […]
