Shares in Gulf Keystone Petroleum (GKP) were trading down 4 percent on Wednesday despite an announcement that the company had secured a two-week extension of its standstill agreement with its bondholders: Further to the Company's announcement of 20 May 2016, Gulf Keystone announces today that, as discussions with the Ad Hoc Committee of holders of […]
By John Lee. Iraq's Ministry of Oil has issued a statement denying media reports that it is going on to export 5 million additional barrels of crude oil in June: "The ministry confirmed that it is committed with the monthly available exportation quantities for June, which will be the same as the previous months, as […]
A total of 867 Iraqis were killed and another 1,459 were injured in acts of terrorism, violence and armed conflict in Iraq in May 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in May was 468 (including 19 federal police, Sahwa civil defence, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $130,019,655 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq plans to supply an additional 5 million barrels of crude oil to its partners in June, according to industry sources cited by Reuters. The country joins other Middle East producers in attempting to increase market share ahead of an OPEC meeting in Vienna later this week. Iraq had already been targeting […]
An appeal to provide vital food supplies to thousands of Iraq’s Internally Displaced People (IDPs) is being launched by the AMAR International Charitable Foundation. Iraq now has 3.4 million IDPs and many families are going hungry, struggling to cope with the loss of their homes and livelihoods after being forced to flee following the Daesh/ISIS […]
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 Attack, fighter, ground attack […]
By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. May 17 was another bloody day for Baghdad. Terrorists targeted Sadr City in eastern Baghdad, al-Shaab district in northern Baghdad and al-Rasheed neighborhood in southern Baghdad with explosive belts and car bombs, killing and […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Kurdish peshmerga forces on Sunday launched an offensive to retake areas east of Mosul, the Islamic State's main hub in the country, a statement said.
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $134,305,728 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq has taken over from Russia as Turkey's biggest market for citrus fruits. In 2015, Russia took $90.52 million worth of the product, while so far in 2016 Iraq has taken citrus fruit to the value of $84.54 million. (Source: Fresh Plaza) (Picture Credit: Layth Mahdi)
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Halabja appoints its first female mayor in over a century. But the 38-year-old knows it won't be an easy job. Almost exactly a century ago, the Iraqi Kurdish city of […]
