By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of148,181,665 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraqis paid close attention to the US presidential race, especially to the candidates' positions on their country. Many Iraqis welcomed Donald Trump's presidential victory, as well as his anti-terrorism and anti-chaos rhetoric on Iraq. Once the announcement came that Trump had won, many Iraqi politicians and citizens expressed joy. Prime Minister Haider al-Abadi congratulated the new […]
By John Lee. Iraq’s Ministry of Municipalities and Public Works (MMPW) has reportedly appointed Protechnique as the main contractor for the $80-million Basra Water Pumping Station, P2R. According to a report from Construction Week Online, it will provide engineering, procurement, and construction (EPC) services for the project’s transmission reservoir and transmission pump station; chlorine building; […]
By John Lee. Iraq plans to export 3.163 million bpd of Basra crude from its southern ports in December, according to a report from Reuters. The figure is slightly down on November's plan. It would be made up of 2.437 million bpd of Basra Light, and 726,000 bpd of Basra Heavy. Iraq has also raised […]
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has met with Mr. Ibrahim Saif, the Jordanian Minister of Energy and Mineral Resources. The parties agreed on the necessity of strengthening relations between the two countries, with Mr. Allibi stressing the importance of the oil and natural gas pipeline project to Aqaba port. He […]
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] met with the CEO of Gazprom, Alexander Dukov, and his entourage and discussed with him mutual cooperation and the development of the oil industry in Iraq. The minister said it is necessary to increase oil and gas production at Badra oil field, and praised the […]
The total number of individuals currently displaced in the Mosul emergency now tops 56,400 according to data released on Tuesday by the International Organization for Migration (IOM). Since military operations to retake Mosul from ISIL began last month, IOM's Iraq Displacement Tracking Matrix (DTM) Emergency Tracking shows population movement away from the combat zone has […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Human Rights Watch (HRW) says Kurdish forces are destroying Arab homes and expanding their territory.
By Salam Zidane for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq considers proposal of agricultural licensing rounds for foreign investors On Oct. 23, the Iraqi parliament’s agricultural committee reported that Iraq imports more than 75% of its vegetables and animal products. Meanwhile, agriculture experts conducted […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for October 2016. During the month it exported 540.9k bpd from the Turkish port of Ceyhan, down from the previous month’s figure, at an increased average price of $39.32 per barrel, bringing in revenue of $632 million. Please click here to view […]
By John Lee. A Startup Weekend will be held this weekend (17th-19th November) in Erbil. This year, the theme is education, specifically "having technology involved with education to make our education system better." More information here.
