Archive | 2016

Counter-ISIL Strikes Target Terrorists in Syria, Iraq

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 on Monday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and […]

KRG, Mine Agency brief Diplomats

KRG Board of Environment and Mine Agency brief diplomats on their needs The Department of Foreign Relations today hosted a special session for the KRG Board of Environmental Protection and Improvement and the Iraqi Kurdistan Mine Action Agency (IKMAA) to brief diplomats on their activities, challenges, and needs. Minister Falah Mustafa, Head of the KRG […]

Currency Auction Results, 8th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 16 remittance companies took part in its currency auction on Monday. A total of $142,501,527 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

IEITI and Transparency - Midyear Review

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Introduction Within eight months, between December 2015 and July 2016, the National Secretariat (NS) of the Iraqi Extractive Industry Transparency Initiative (IEITI) launched two annual reports (2013 & 2014) and Inception Report […]

DNO, Genel Receive Payment for Tawke Deliveries

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 30 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy for June crude oil deliveries to the export market from the Tawke field. The total invoiced amount for June is USD 38.41 million, of which USD […]

KRG Announces Reduced Oil Production in July

The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for July 2016. During the month it exported 457k bpd from the Turkish port of Ceyhan, down from the previous month's figure, at an average price of $32.53 per barrel, bringing in revenue of $461 million. Please click here to view or […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th Aug 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ769 (-1.7%) / $777 (-2.1%) (weekly change) (-29.4% and -32.2% YTD change, respectively). The number of week traded […]

Military Strikes Continue Against ISIL in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Saturday, 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 Bomber, fighter […]

Currency Auction Results, 7th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 16 remittance companies took part in its currency auction on Sunday. A total of $139,049,987 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Icflix launches Streaming in Iraq

TBI Vision reports that Middle East subscription video-on-demand service Icflix is being launched in Iraq through a partnership with mobile telco Asiacell. Both prepaid and postpaid Asiacell customers will be able to subscribe to the icflix library of content for a monthly fee of 10,000 IQD (US$8.56), a weekly fee of IQD4,000 or a daily […]

Is Maliki Plotting Return to Power with Kurdistan Visit?

By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In a scene surprising to many, a smiling Nouri al-Maliki disembarked from an Iraqi airliner July 18 in the city of Sulaimaniyah and was received by senior officials from the Patriotic Union of Kurdistan […]

Italy supports UNHCR in Diyala

UNHCR in Iraq welcomes new funding announced by the Government of Italy of €441,500 to help support the restoration of essential infrastructure in Diyala Governorate. The project aims to provide infrastructural support to restore public services, helping to facilitate the reintegration of returning displaced Iraqis in Saadiya and Jalawla districts - areas which were briefly […]