From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The U.S has signed a deal with the Kurdish regional government in northern Iraq, to help in the fight against ISIL (Islamic State group, ISIS, Daesh). The agreement bypasses Iraqi government leaders in […]
By John Lee. Gulf Keystone Petroleum (GKP) announced this morning that $500 million worth of company bonds are to be converted into equity, diluting current shareholders to a stake of just 5 percent of the company. The company's shares fell another 40 percent in early trading, and a new Chairman, Keith Lough, has been appointed […]
By John Lee. The United Nations has advertised several new positions in Iraq: Team Leader, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) TVET Expert, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Technical Specialists USAID Iraq Governance and Performance Accountability (IGPA) Project, Management Systems International (MSI) Contracts Assistant, UNICEF Livelihoods Research Consultant, International Alert (IA) Short-Term Expert on […]
By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Project Manager, UN Women Financial Controller, Goal Monitoring, Evaluation, Learning and Accountability Manager, International Rescue Committee (IRC) Programme Assistant (WASH), UNICEF WASH Officer, UNICEF Project Manager, Save the children (Source: UN) (Recruitment image via Shutterstock)
Defense Secretary Ash Carter and one of his senior commanders offered some details about the role of the 560 additional U.S. troops the Defense Department announced yesterday will deploy to Iraq to support Iraqi forces combating the Islamic State of Iraq and the Levant. Carter spoke yesterday in Baghdad to reporters traveling with him. The […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for June 2016. During the month it exported 514k bpd from the Turkish port of Ceyhan, very slightly up on the previous month, at an average price of $36.43 per barrel, bringing in revenue of $562 million. The report is published […]
By John Lee. Iraq has been ranked 149th out of 160 countries in the World Bank's Logistics Performance Index (LPI), an fall of 8 places since the previous report in 2014. The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics […]
On July 13, U.S. Ambassador to Iraq Stuart E. Jones and Iraq’s Minister of Trade Salman al-Jumayli signed a Memorandum of Understanding (MOU) on the purchase and supply of U.S. rice for the Iraqi public distribution system. Millions of Iraqis will benefit from the high-quality and competitively-priced rice from the United States, said a statement […]
President Masoud Barzani received a United States military delegation headed by Ms. Elissa Slotkin, the acting assistant Secretary of Defense for International Security Affairs. This meeting was followed by a telephone conversation between President Barzani and Mr. Ashton Carter, the U.S. Secretary of Defense. President Barzani and Ms. Slotkin discussed the liberation of Mosul and […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported on Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces have captured a key airbase from the Islamic State group that can serve as a launchpad for retaking the jihadist-held city of Mosul:
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 17 remittance companies took part in its currency auction on Wednesday. A total of $137,471,209 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
