By John Lee. In a sign that Iraq is following through on the OPEC decision to cut oil output, Reuters reports that oil exports from Iraq's southern terminals have fallen so far in January. According to loading data and an industry source, exports from southern Iraq averaged 3.25 million bpd in the first 16 days […]
The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Baku, Azerbaijan from January 15–19, 2017 ahead of the second review of Iraq’s 36-month Stand-By Arrangement (SBA) that the IMF Executive Board approved on July 7, 2016 ( See Press Release No. 16/321). The first review under the SBA was […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces battled the last holdout jihadists in east Mosul on Thursday after commanders declared victory there and set their sights on the city's west, where more tough fighting awaits.
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]
By Padraig O'Hannelly. To prosper in Iraq, you need to be well informed, and at Iraq Business News we are committed to providing our readers with the very best and most relevant information on the country. To that end, we are delighted to announce that GardaWorld, a global leader in comprehensive security and risk management, […]
GE has announced that it has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The company signed agreements that will add over two gigawatts (GW) of power and secure the delivery of ~1.75 GW of existing power […]
Iraq has successfully closed on its offering of a $1 billion sovereign bond issuance guaranteed by the United States of America. This loan guarantee underscores the strong and enduring commitment of the United States to support the government of Iraq in this critical moment in the fight against Da’esh. As part of a comprehensive international […]
By John Lee. According to a report from Reuters, Anglo-Dutch Shell has signed a $210-million contract with US-based Halliburton to drill 30 wells at the Majnoon field over the next three years. The contract is expected to raise output at the field from 220,000 barrels per day currently to about 400,000 bpd in three years. (Source: Reuters)
By Robert Cole. The AMAR International Charitable Foundation has been providing vital mental health treatment for many hundreds of Yazidi Women who have escaped from Daesh (ISIS) captivity. Thousands are still being held, but those that have managed to escape have returned, understandably traumatised by their terrible ordeals. The majority have been raped, beaten and […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. An Iraqi forces top commander announces they have fully retaken east Mosul from the Islamic State group, three months after a huge offensive against the jihadist bastion was launched:
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 17 remittance companies took part in its currency auction on Monday. A total of $160,461,658 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
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 today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter and remotely […]
