By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 20 remittance companies took part in its currency auction on Monday. A total of $154,530,043 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
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. Where Are The Petrodollars? Kirkuk Oil Flowing Fast, But Locals Never See Any Money The province of Kirkuk exports millions of barrels of oil per month. But nobody knows where […]
By Omar Sattar, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The city of Ramadi was liberated on Dec. 28, and Iraqi security troops accompanied by the Tribal Mobilization Forces, which are affiliated with the Popular Mobilization Units, advanced toward the remaining cities of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Falling oil prices and the rising cost of the war against ISIL is causing hardship in Iraq. Salaries for government employees have been cut, and they get paid every six weeks instead of […]
By John Lee. U.S. Army Lieutenant General Sean MacFarland has said the US military was working with the Iraqi government on a plan to protect civilians in the event of a collapse of Mosul Dam. Reuters quotes him as telling journalists in Baghdad: "The likelihood of the dam collapsing is something we are trying to […]
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. Post-Islamic State Problems: Diyala Province Undergoing Violent Ethnic and Sectarian Cleansing Locals in Diyala province say the area is undergoing ethnic and sectarian “cleansing”. Sunnis are not being allowed back […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US-led coalition troops have adapted their training for Iraqi forces to teach them how to breach jihadist defences in larger-scale assaults on Islamic State group strongholds, officers said Wednesday.
By John Lee. The Iraqi government is reportedly considering the sale of more than 600,000 state-owned properties, including around 1,000 that formerly belonged to Saddam Hussein. The sale could potentially yield $150 billion, helping to bolster the country's finances as it struggles to cope with lower oil prices. But according to a report from The […]
By John Lee. Transparency International has said that Iraq has risen slightly in its global Corruption Perceptions Index (CPI). From at total of 167 countries, Iraq came in at number 161, slightly better than last year’s position of 170 out of 175 countries, and tying with Libya. This result puts it ahead of countries such […]
Minister of Foreign Affairs Dr Ibrahim Al-jaafari received the head of the Japanese International Cooperation Agency (JICA) Mr Shinichi Kitaoka, at the Ministry Headquarter, in Baghdad. The two sides discussed horizons of mutual relations and means to promote them in order to meet the aspirations of the two friendly countries. The minister said that Iraq […]
By Ali Mamouri, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In June, Saudi Arabia announced that it would reopen its embassy in Baghdad after a 25-year rift. Iraqi officials, including President Fuad Masum, had visited Riyadh on Nov. 12, 2014, paving the way for […]
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. Strikes in Syria Attack, fighter and […]
