By John Lee. Prime Minister Haider al-Abadi appointed a new interim defense minister on Monday. General Othman Ghanm, the interim Chief of Army Staff, will take over from Khalid al-Obeidi, who lost a confidence vote in parliament last week. Ghanm's position as interim Chief of Army Staff will be filled by Anwar Hama Amin, Lieutenant General/Aviator […]
Over 90,000 Iraqis have been displaced in the Mosul Corridor as military operations continue in preparedness for the liberation of Mosul. This includes over 82,600 IDPs who have been displaced from Salah al-Din (Baiji and Al Shirqat districts) and Ninewa (Al Qayara district) since 16 June, as recorded by IOM Iraq Displacement Tracking Matrix, Emergency […]
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 Bomber, fighter, attack […]
By John Lee. Iraq would reportedly consider selling crude through Iran if talks with Iraqi Kurdistan on an oil revenue-sharing agreement fail. Deputy Oil Minister Fayadh al-Nema told Reuters that Iraq's State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly this week. He said "If the negotiations come […]
By John Lee. Lafarge Iraq has signed an agreement with Iraq's General Company for Land Transportation (GCLT) to transport cement. The contract is the largest in the history of the GCLT, which is owned by Iraq's Ministry for Transport. It will run for one year, and may be extended for five years. Lafarge Iraq is […]
Zain Iraq and Ericsson have signed a three-year extension of their network and IT operation and optimization managed services agreement. Under the extended agreement, Ericsson will continue to optimize, transform and manage network and IT operations for Zain’s nationwide 3G mobile network in Iraq, which currently includes over 4,200 sites across the country. This agreement […]
By John Lee. The United Nations has advertised new positions in Iraq: Humanitarian Access and Safety Advisor, Danish Refugee Council (DRC) Security Driver, World Food Programme (WFP) Finance Associate, World Food Programme (WFP) Team Leader, Integrated Community Reconciliation, United Nations Development Programme (UNDP) Project Assistant, United Nations Development Programme (UNDP) Livelihood Development Consultant, United Nations […]
By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Hygiene Promotion Strategy Development Consultancy, Norwegian Refugee Council (NRC) Grants Coordinator, Norwegian Refugee Council (NRC) GBV Officer, Norwegian Refugee Council (NRC) GBV Officer - Case Management, Norwegian Refugee Council (NRC) Security Officer, Norwegian Refugee Council (NRC) Safety Trainee, Danish Refugee Council […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 15 remittance companies took part in its currency auction on Monday. A total of $125,837,738 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq's new oil minister, Jabbar al-Luaibi, has invited international oil companies to invest in four new oil refineries across the country: Kirkuk: 150,000 bpd; Kut: 100,000 bpd; Samawa: 70,000 bpd; and, Basra: 100-150,000 bpd. Contracts will be considered on both BOT (Build–Operate–Transfer) and BOO (Build–Own–Operate) bases. The Minister made the announcement during […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Aug 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ748 (-3.1%) / $753 (-3.1%) (weekly change) (-31.3% and -34.3% YTD change, respectively). The number of week traded […]
By John Lee. BBC News reports that Iraq has called on Saudi Arabia to replace its ambassador to Baghdad over comments he made about Iran's involvement in Iraq. Thamer al Sabhan had said Iranian-backed Shia militia are aggravating tensions with Sunni Muslims in Iraq, and allegedly accused the militia of trying to assassinate him. The […]
