Author Archive | Editor

New Career Opportunities in Iraq

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 […]

New Career Opportunities in Iraqi Kurdistan

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 […]

Currency Auction Results, 30th Aug

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)

Iraq Invites Investment in new Refineries, Storage Tanks

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 […]

Iraq Stock Market Report

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 […]

Iraq asks Saudi Arabia to remove Ambassador

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 […]

Coalition Strikes Target ISIL Terrorists in Iraq, Syria

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter aircraft conducted two […]

Currency Auction Results, 29th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 15 remittance companies took part in its currency auction on Monday. A total of $133,530,024 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Iran "Should Grab More Iraqi Business"

Iran Should Grab More Share of Iraq’s Foreign Trade: Official Iran’s share of neighboring Iraq’s annual foreign trade is totally inadequate, an Iranian official deplored, saying China and Turkey have overtaken Iran in exports to Iraq. Chairman of Iran-Iraq joint chamber of commerce, Yahya Al-e Eshaq, said Iraq’s market has a capacity of $190 billion […]

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Norway’s Contributions to Stabilization reach $10.7m

The Kingdom of Norway has contributed an additional US$3 million to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). With this contribution, Norway has channelled $10.7 million to UNDP's FFIS during 2016. Based on priorities identified by the Government […]

Water Supply to be Upgraded in Sulaymaniyah

The United Nations Development Programme (UNDP) and the Governorate of Sulaimaniyah signed an agreement to rehabilitate the main water network for Sulaimaniyah City which provides safe drinking water for more than one million people. “The Governorate and people of Sulaimaniyah have generously welcomed and supported displaced and refugee families,” said UNDP Resident Representative and UN […]

Oil Firms to Restart Investment, Boost Output

By John Lee. Reuters reports that Baghdad has reached agreement with BP, Shell and Lukoil to restart stalled investment in Iraqi oil fields, allowing production to increase by 250,000-350,000 bpd in 2017. According to documents seen by Reuters, the three firms agreed to spend in the second half of 2016 roughly half the budgets they proposed […]