Archive | 2016

Coalition Continues Anti-ISIL Strikes in Syria, Iraq

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 and remotely piloted […]

Drug Smuggling Supported by Maysan’s Tribes

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. Hash, Pills And Speed: Drug Smuggling In Iraq Supported By Maysan’s Tribes Smuggling drugs through Iraq on the way to the Gulf and Europe is big business in Maysan province […]

Southern Iraq Oil Output 4.13m bpd in December

By John Lee. Iraqi oil production averaged 4.130 million bpd in December, all of it from the southern oilfields (as the northern fields are under the control of the KRG). Reuters reports that of the more than 128 million barrels produced during the month, 99.7 million barrels were exported. The selling price averaged $29.288 cents […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Jan 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD944 (-2.0%) / $973 (-2.0%) (weekly change) (-13.4% and -15.1% YTD change, respectively). The number of week traded […]

'Recommendations Forthcoming' on US Troop Presence in N. Iraq

The United States potentially will make recommendations to position U.S. troops with Iraqi security forces in northern Iraq to support the next phase of isolating the key city of Mosul, the chairman of the Joint Chiefs of Staff said. Marine Corps Gen. Joseph F. Dunford Jr., who met here with his French counterpart for talks […]

Iraq Summons Saudi Envoy

Reuters reports that Iraq summoned the new Saudi ambassador, Thamer al-Sabhan, on Sunday after he suggested Iranian-backed Shi'ite militias were exacerbating sectarian tensions and should leave the fight against Islamic State to the Iraqi army and official security forces. Iraq's foreign ministry called the remarks "a break of diplomatic protocol and based on inaccurate information". Saudi […]

Al-Abadi receives Speaker of the Iranian Parliament

Prime Minister Dr. Haider Al-Abadi received in his office on Sunday the Speaker of the Iranian Parliament Ali Larijani and his accompanying delegation. During the meeting they discussed strengthening of relations between the two countries in various fields and the war on Daesh terrorist gangs and the situation in the region and the challenges faced […]

Kurdish Delegation visits UK Uni to create New Partnerships

A delegation of 20 Kurdish officials and businessmen, in London for the Iraq Britain Business Councils (IBBC)'s London Business Forum, visited the University of Wolverhampton last week to exchange ideas and explore partnerships with businesses in the West Midlands and the university itself. Dr Dara Jalil Khayat, President of Kurdistan Federation of Chambers of Commerce […]

Operation Inherent Resolve Strikes Continue in Syria, Iraq

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 Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter, attack, ground-attack […]

Currency Auction Results, 24th Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 20 remittance companies took part in its currency auction on Sunday. A total of $164,175,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Iraq Oil Exports at Record, and Fully Booked

By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] (pictured) told Reuters on Thursday that Iraq’s plans to increase oil output this year will go ahead, with exports running in January at a record level and unaffected by Iran’s return to the market. He told the news agency he expects output from the […]