From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Peter Galbraith, an advisor to the Syrian Kurds and former US diplomat, discuses the decision of US President Barack Obama to send 250 more troops to Syria:
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 yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 22 remittance companies took part in its currency auction on Tuesday. A total of $116,446,881 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. General Electric (GE) has signed a "strategic framework agreement" with Iraq's Oil Ministry on Sunday. The projects are planned to generate more than 400 megawatts of power for oil installations by summer. Other initiatives are to maintain existing generating infrastructure and reduce gas flaring from oil fields. The ministry did not specify […]
By John Lee. Zain Group has said that continued social unrest in Iraq, coupled with heightened levels of price competition and implementation of a new 20 percent sales tax on mobile services, as well as wide-ranging tax increases on other sectors in Iraq, have hit spending on mobile services. The company said that this has […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Apr 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD798 (-2.1%) / $797 (-2.5%) (weekly change) (-26.8% and -30.4% YTD change, respectively). The number of week traded […]
Due to the circumstances experienced by the brotherly Iraqi people and the blockade from which many Iraqi cities are suffering, HH the Emir Sheikh Tamim bin Hamad Al-Thani has instructed the provision of with $ 10 million to the brotherly Iraqi people. The Foreign Ministry stressed, in a statement issued on Sunday, that the humanitarian […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted four […]
By John Lee. According to a report from BBC, Iraqi gangs are offering up to $10,000 for a kidney, and have been increasingly targeted the country's poor. Almost a quarter of the country’s population live in abject poverty, and some destitute families are actively seeking out organ traders. Firas al-Bayati, a human rights lawyer, said: […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 21 remittance companies took part in its currency auction on Sunday. A total of $110,637,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Mark DeWeaver. Nowadays one reads with increasing frequency that high-denomination bank notes should be eliminated. (Take this NY Times editorial as just one example.) Hundred dollar and five-hundred euro bills, it seems, are for cocaine cowboys and terrorists. Honest people use credit cards and checks or maybe their mobile phones. Some commentators even look […]
By Simon Kent. Iraq's Deputy Oil Minister Fayadh Nema, who is currently acting Oil Minister until Abadi's new cabinet is finalized, has recently announced a trip to Tehran to discuss cross border oil fields. Once a controversial topic between Tehran and Baghdad, Iraq's many cross border oil fields are now back on the agenda as sanctions […]
