Archive | 2016

Currency Auction Results, 12th June

By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 18 remittance companies took part in its currency auction on Sunday. A total of $144,146,155 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Minister for Housing will attend IBBC Retreat

Minister for Housing, Construction and Municipalities will attend IBBC Retreat at Cumberland Lodge, 8-10 July 2016 Dara Rasheed (pictured), the acting Minister for Housing, Construction and Municipalities, will attend this year’s IBBC Retreat at Cumberland Lodge. Mr Rasheed is a long term friend and supporter of IBBC and we are delighted that he has taken […]

Iraq Asks UNESCO to Save Southern Marshes

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. Iraqis are seeking protection from UNESCO’s World Heritage Committee for their southern marshes. But the issue is not just environmental; it’s also about international water politics. When the UNESCO World […]

New Jobs in Iraqi Kurdistan

By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Social Cohesion and Community Mobilization Specialist (UNDP) Administration Coordinator (Médecins du Monde) Research Assistant (International Organization for Migration, IOM) Consultant - Livelihood Specialist (International Organization for Migration, IOM) Human Resources Coordinator (Norwegian Refugee Council, NRC) (Source: UN) (Recruitment image via Shutterstock)

New Jobs in Iraq

By John Lee. The United Nations has advertised several new positions in Iraq: Chief of Operations (UNICEF) Nutrition Specialist (UNICEF) Business Support Assistant (World Food Programme, WFP) Parliamentary Development Expert (UNDP) (Source: UN) (Recruitment image via Shutterstock)

After The Islamic State, Kirkuk Plans Independence

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. As extremists are driven out of northern Iraq, the much contested Kirkuk province looks to the future. Politicians are discussing their options, including becoming an independent region. There are all […]

Video: Twin Bombings kill Dozens in Baghdad

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL has claimed responsibility for two bomb attacks in the Iraqi capital that killed at least 28 people. A car packed with explosives blew up in a commercial street in Baghdad, and a […]

Kurdistan "has Great Opportunities for Investment”

Economic reforms and investment opportunities in the Kurdistan Region of Iraq were highlighted during a one-day conference in the United States. The conference, titled ‘Iraq’s Economy: Challenges and Opportunities’, was hosted by the Johns Hopkins University’s Center for Transatlantic Relations  on Thursday, June 2. Dr. Noori Othman, acting chairman of the Kurdistan Board of Investment […]

Turkey-Iraq Border Trade hits Low

Figures from Turkey’s ministry of trade and customs show that truck traffic between Turkey and Iraq fell from 685,000 in 2014 to 606,000 in 2015, with only 200,000 trucks from January to May this year, according to a report from Rudaw. Trade fell from more than $12 billion in 2013 to $8.5 billion in last […]

How the Islamic State is Winning the Media War

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. Faced with what has been often described as the world’s most resourceful and sophisticated terror organization, Iraq’s news media outlets have stumbled in how to cover the Islamic State (IS). The country’s news media […]

AMTEC Wins $85m Iraq Defense Contract

By John Lee. AMTEC Corporation has heen awarded an $84,546,877 firm-fixed-price, foreign military sales contract (Iraq) for 40mm grenade systems. One bid was solicited with one received, according to a statement from the US Department of Defense. The work will be performed in Janesville, Wisconsin, with an estimated completion date of Sept. 30, 2018. AMTEC is […]

Lukoil eyes further Investment in Iraq

By John Lee. The Chief Executive of Russia's Lukoil has said he expects further investment in Iraq, now that the country "actively repaying" the international oil companies for their investment in the country. Vagit Alekperov (pictured) told Reuters: "Iraq is very actively repaying the operators. The situation has changed dramatically. "We know about the IMF […]