By John Lee. Iraq has turned off its internet yet again to coincide with student exams, according to a report from The Register. Authorities have instructed all ISPs to shut off the internet for specific three-hour blocks, the latest happening early on Thursday. The country-wide shutdown has prompted fierce criticism from groups both within and […]
By John Lee. A consignment of aid from Saudi Arabia, intended for Anbar Province, has reportedly been held up at Baghdad airport because of Iraqi government red tape. according to a report in a local publication on Thursday. Arab News says the 315 tons of food, shelter and medicine had been sent on three planes […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter and […]
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 Thursday. A total of $121,342,437 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Reuters quotes a central bank spokesman as saying that the Islamic Development Bank (IDB) has given its initial agreement to provide $3 billion in easy loans and grants to Iraq. Iraq earlier this month agreed a $5.4 billion standby loan with the International Monetary Fund (IMF) in a deal that could unlock […]
The Chairman of Iran-Iraq Chamber of Commerce, Yahya Ale Eshaq, has called for increased investment and trade with the southern provinces of Iraq, including Basrah. Iraq's Basra Province is a good market for export of Iranian commodities including oil, gas, food, building materials, technical and engineering services, he added. The official referred to the resolution […]
The Iraq Britain Business Council (IBBC) is delighted to welcome Dar Al-Handasah (Shair and Partners) – a planning, design, management and supervision consultancy – to the organisation. Founded in 1956, Dar Al-Handasah (Shair and Partners) is one of the world’s leading design firms. The company has ranked highly on Engineering News-Record’s annual Top International Design […]
NATO is helping Iraqi officers learn how to find and defuse Improvised Explosive Devices (IED). Between 1 May and 6 June 2016, two dozen officers are undertaking courses at the King Abdullah II Special Operations Training Centre in Amman, Jordan. NATO is also providing “train the trainer” instruction, enabling the officers to build the professionalism […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. When Haider al-Abadi took over as prime minister of Iraq in 2014, he lifted bans on media outlets that had been shuttered under the former administration. Less than two years later, press freedom […]
By Omar al-Jaffal, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.v Are Iraq's Politicians to Blame for Baghdad Terror Attacks? On May 11, the Iraqi capital was the scene of three terror attacks, each bomb targeting different areas on both sides of the Tigris River […]
By John Lee. The Iraqi Ministry of Oil has declared oil exports of 100.9 million barrels for April, which brought in revenues of 3.386 billion dollars, according to the final statistics of the State Oil Marketing Organization (SOMO). This equates to an average selling price of $33.38 per barrel, and an export rate of 3.363 million […]
By Omar Sattar, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On May 19, Iraq signed an agreement with the International Monetary Fund (IMF) for a loan for as much as $15 billion over the next three years. Observers are wondering how Iraq will […]
