By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $146,727,081 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Midyear Review of the Iraqi Upstream Petroleum Sector 2016 has been, financially as in any other aspects, so far very difficult and the fiscal difficulties are likely to persist during the second […]
Dubai-based Drake & Scull International PJSC (DSI) has announced that it has been awarded a AED 226 million ($61 million) engineering, procurement and construction (EPC) contract for the construction of a water injection network installation project at the Zubair oil field in Basra, Iraq by ENI Iraq B.V. (EIBV) a subsidiary of the Italian oil […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th July 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ774 (+2.0%) / $782 (+1.2%) (weekly change) (-39.0% and -31.8% YTD change, respectively). The number of week traded […]
By John Lee. The World Heritage Committee of the UN Educational, Scientific and Cultural Organization (UNESCO) has added The Ahwar of Southern Iraq to its World Heritage List. The Ahwar of Southern Iraq: Refuge of Biodiversity and the Relict Landscape of the Mesopotamian Cities is made up of seven sites: three archaeological sites and four […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands of Iraqis have defied a protest ban and rallied in the heart of the capital, Baghdad, to demand an end to sectarianism and corruption. Al Jazeera's Natasha Ghoneim reports.
Kurdistan Regional Government Prime Minister Nechirvan Barzani released a statement on Saturday regarding the failed military coup in Turkey. Prime Minister Barzani congratulated the people, President and Prime Minister of Turkey after the will of people defeated the coup d'etat planners. Below is Prime Minister Barzani's statement: "We are pleased to see the triumph of […]
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 Bomber, attack, fighter […]
Head of KRG Foreign Relations, Minister Falah Mustafa, on Friday received Austria’s Minister for Foreign Affairs, Sebastian Kurz in his second visit to Kurdistan to discuss strengthening of bilateral relations as well as recent developments. Both Ministers expressed delight at the level of bilateral cooperation between both governments and expressed their commitment to broaden their […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 16 remittance companies took part in its currency auction on Sunday. A total of $134,652,143 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Iraq Mission Chief for the International Monetary Fund (IMF) has said that the staff-monitored program that started in November 2015 is designed with a focus on four key elements: reducing budget spending and restoring public finances to a healthy state and stabilize debt; protecting spending on the social front to ease […]
By John Lee. The Iraqi government has reportedly received the first installment of the $5.3-billion dollar loan recently approved by the International Monetary Fund (IMF). A senior Iraqi official told Anadolu Agency: "The Iraqi government received Tuesday the first $634 million installment. "The first installment will be allocated to the ... relief of the displaced, […]
