By John Lee. The Central Bank of Iraq (CBI) has reported that 38 banks and 10 remittance companies took part in its currency auction on Thursday. A total of $153,858,635 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. US-based Navistar Defense LLC has been awarded an $18,778,845 firm-fixed-price foreign military sales contract for 115 medium tactical vehicles for Iraq. One bid was solicited and one bid received. Work will be performed in West Point, Mississippi; Ooltewah, Tennessee; and Marion Wisconsin, with an estimated completion date of Jan. 13, 2018. (Source: […]
Water Management is Key to Sustainable Development and Stability in the Middle East and North Africa The importance of water management for sustainable development and stability in the Middle East and North Africa is at the heart of the League of Arab States’ conference on the Sustainable Development Goals which opened in Cairo yesterday. The […]
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. The spokesperson for Turkmen political parties in Kirkuk tells NIQASH that his people don’t want to be part of Kurdistan, that they do want a semi-independent region and they hope […]
It was hard enough coping with flight from conflict-hit areas during the winter months. Now, for the hundreds of thousands of Internally Displaced Persons (IDPs) from Mosul, summer heat is the new challenge. Having survived ISIL, most families are now bracing themselves to battle their second most dangerous enemy – the sizzling sun and the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th May 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD852 (-4.4%) / $877 (-4.4%) (weekly change) (-11.2% and -7.4% YTD change, respectively). The number of week traded […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
By John Lee. Iraq's Ministry of Oil has announced new investment opportunities to build the following refineries: A refinery in Diwaniya governorate with a production capacity of 70 thousand barrels/ day. A refinery in Al-Anbar governorate with a production capacity of 70 thousand barrels/ day. The investment is according to the methods of BOT or […]
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. A state bank is offering Anbar residents whose homes were damaged in fighting against the Islamic State interest-free loans for reconstruction. Only problem is hardly anyone is eligible to apply. […]
By Saad Salloum for Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. Following controversial video leak, Iraq minorities seek to address hate speech In undated footage that leaked earlier this month, head of the Shiite Endowment Alaa Abd al-Sahib al-Musawi is heard […]
By Tariq Shafiq and Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Abstract: This paper (in Arabic only) addresses the currently proposed INOC Law, which was subjected to first reading by the Parliament; provides critical assessment and proposes specific provisions to […]
Oil-producing countries yet to address their gas flaring may begin to feel there are no more excuses. In a remarkable and bold decision, the government of Iraq recently endorsed the “Zero Routine Flaring by 2030” Initiative, (ZRF), which means the country has committed to not routinely flare associated gas in any new oil fields and […]
