By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 21 remittance companies took part in its currency auction on Wednesday. A total of $150,002,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Text of speech by Prime Minister Nechirvan Barzani at the conference held today to announce the roadmap for reform and modernisation of the Ministry of Finance and Economy and debate the current financial crisis in the Kurdistan Region: Dear Distinguished Guests, Good morning to you all. I would like to thank representatives of foreign countries, […]
By John Lee. Newmark Security, which describes itself as "a leading provider of electronic and physical security systems", has reported a sale of ballistic doors in Iraq. In its interim results for the six months ended 31 October 2015, announced on Thursday morning, the UK-based company stated: "We invoiced £307,000 in the period for 25 […]
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 Wednesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 22 remittance companies took part in its currency auction on Wednesday. A total of $153,493,843 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Czech government has decided to provide military aid to Iraq and Jordan. Prime Minister Bohuslav Sobotka wrote on Twitter: "I promised help in the fight against Islamic State to Jordan last year. We are meeting our promise. The Czech Republic will send ammunition for assaults rifles and machine guns." He added that assault rifles […]
With no let-up to the war in Syria, UN, humanitarian and development agencies in Iraq have appealed for $298 million in ongoing assistance for nearly 250,000 Syrian refugees in Iraq. The appeal was made at the launch of the Iraq chapter of the Syria Regional Refugee and Resilience Plan (3RP) in Erbil today, attended by […]
Under the ongoing Warm Winter 2015-2016 campaign in several countries, and with a budget of QR 11 million, Qatar Red Crescent Society (QRCS) has completed a large-scale winterization project in Al-Anbar Governorate. The $494,000 (QR 1.8 million) project is aimed at alleviating the suffering of internally displaced Iraqis who fled the fighting in the governorate. […]
From Iran‘s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Speaker of the Iranian parliament, Ali Larijani, has sat down with Iraqi President Fuad Masum. The two sides have agreed on boosting economic relations. Larijani said they discussed ways of fighting the […]
Prime Minister Nechirvan Barzani yesterday received a delegation from the European Union Mission to Iraq led by Mr. Constantinos Vardakiz, acting Head of the EU Mission to Iraq and Head of the EU Office in the Kurdistan Region, along with representatives assigned to the Kurdistan Region by EU member states. The EU delegation noted with […]
By John Lee. Iraq has reportedly agreed a $328.8 million deal with General Electric. Electricity Ministry spokesman Musab al-Mudaris told Reuters that GE will provide equipment and maintenance for 10 power plants across the country, boosting capacity by 1,000 megawatts (MW). He added that Baghdad will pay GE in instalments over three years, starting in […]
Following a recent visit by senior Kurdistan Regional Government, KRG, delegation to the United States to brief the US Administration about the financial crisis in the Kurdistan Region, and to request US support, yesterday Prime Minister Nechirvan Barzani received the US Ambassador to Iraq, Mr. Stewart Jones and his accompanying diplomatic team. In the meeting, […]
