Gulf Keystone Petroleum (GKP) has confirmed that, further to the company's announcement of 1 June 2016, that the Standstill Agreement with the Ad Hoc Committee of holders of Notes and Bonds has been extended until 1 July 2016. The signatories to the extension of the Standstill Agreement are the same as to the prior standstill. […]
The Iranian Deputy Foreign Minister for Arab and African Affairs has asked Iraqi officials on Monday to help boost mutual trade ties by removing obstacles for Iranian traders. During his meeting with visiting Iraqi Deputy Foreign Minister for Political Affairs Nazar Khairallah, Hossein Amirabdollahian called for removal of obstacles encountered by the Iranian trade companies […]
The Iraq Britain Business Council (IBBC) reports that the Iraq Middle Market Development Foundation (IMMDF) recently disbursed a US$1.7-million loan to a private sector poultry company in Erbil, Kurdistan, to expand its corn-drying operations. The loan will be repaid in monthly installments by December 2019. The company will use the funds to purchase 20,000 tonnes […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces have detained more than 500 suspected Islamic State group members trying to sneak out of the city of Fallujah by blending in with fleeing civilians, police say.
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 the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 17 remittance companies took part in its currency auction on Tuesday. A total of $137,785,347 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq has reportedly approved measures requested by the International Monetary Fund (IMF) to unlock loans of $5.4 billion over the coming three years. An adviser to Prime Minister Haider al-Abadi told Reuters that the agreement is "on track". Among the measures approved is the settling of all arrears owed to foreign oil […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th June 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ687 (-3.8%) / $694 (-2.6%) (weekly change) (-37.0% and -39.4% YTD change, respectively). The number of week traded […]
By John Lee. Iraq has reportedly overtaken the United Arab Emirates (UAE) to become the largest raw sugar importer in the Middle East. GulfNews quotes an analyst at Platts Kingsman as saying that Iraq imported 210,000 metric tons of raw sugar in the first quarter, compared with 156,600 tons imported by the UAE. Iraq’s only […]
UNDP partners with a Canadian non-profit institution to advance Iraq’s crises management ability The United Nations Development Programme (UNDP) and the Canadian non-profit Institute on Governance (IoG) signed a partnership agreement in Baghdad that aims at advancing Iraq’s crises management ability. Accordingly, UNDP will support IoG to implement Fiscal Federalism, Decentralization and Resilience Building Project, […]
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 Attack, bomber, […]
Iraq’s Foreign Ministry has asked for an explanation from the Saudi authorities for campaigns inside the kingdom with the purpose of raising money to prop up the Daesh (ISIL) terrorists in the Iraqi city of Fallujah in the guise of donation to children. In a statement on Saturday, Iraqi Foreign Ministry Spokesman Ahmad Jamal said […]
