U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. 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 32 banks and 14 remittance companies took part in its currency auction on Tuesday. A total of $134,594,472 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. A joint report by the Bureau of Investigative Journalism and the Sunday Times claims that London-based PR firm Bell Pottinger was hired by the US military to run a "covert" propoganda operation during the Iraq War. The $540-million campaign was run by the agency's now-dissolved 'conflict resolution' arm between 2007 and 2011. […]
By John Lee. Pratt and Whitney has been awarded a $42,397,600 indefinite-delivery/indefinite-quantity contract for F100-PW-229 engine support; the contract is descibed as "100 percent foreign military sales to Iraq and Morocco". The company, a subsidiary of United Technologies Corp (UTC), will provide install engines, spare engines, modules, integrated logistics support, quick reaction studies, over-and-above repair […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th Sept 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ772 (+1.7%) / $765(+0.9%) (weekly change) (-29.1% and -33.2% YTD change, respectively). The number of week traded shares […]
The United Nations Children’s Fund (UNICEF), together with the Iraqi Ministry of Education, has launched its back-to-school campaign to help millions of children missing out on education. Some 3.5 million school-aged Iraqi children are missing out on education, which means they are at increased risk of early marriage, child labour and recruitment into armed groups. […]
A total of 1,003 Iraqis were killed and another 1,159 were injured in acts of terrorism, violence and armed conflict in Iraq, including Anbar, in September 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in September was 609 (including 19 federal police, Sahwa […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Saturday, 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, fighter and […]
By John Lee. Gulf Keystone (GKP) has confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales in July 2016. The company said in a statement that it and the KRG's Ministry of Natural Resources (MNR) continue to work towards agreeing […]
By John Lee. Iraqi Airways has announced that it has added two new routes to Iran and Turkey. A route between Najaf to Isfahan will be operated by Boeing 737 and CRJ900, while one between Sulaymaniyah to Istanbul Ataturk will be operated by a Boeing 737. Each route will be served twice a week. (Source: […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Authorities installed bomb-detecting equipment after more than 320 people were killed in July in Baghdad’s Shia-Christian area of Karada. But residents say security measures aren't working and bombings continue to rock the neighbourhood. […]
For the first time in more than two years, the United Nations food relief agency has distributed urgently-needed food for people in and around the northern Iraqi town of Shirqat, which was under siege and cut off from humanitarian access from 2014 until earlier this month. “Families in Shirqat are in a desperate need of […]
