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Currency Auction Results, 24th May

By on 24th May 2016 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $120,836,770 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Finland contributes Funding for Newly Liberated Areas

By on 18th May 2016 in Construction & Engineering In Iraq, Security

Finland contributes funding to accelerate stabilization in newly liberated areas The Republic of Finland is providing US$1,13 million (€1 million) to the United Nations Development Programme (UNDP) to support stabilization in areas newly liberated from the Islamic State of Iraq and the Levant (ISIL). The Finnish contribution will be allocated to UNDP’s Funding Facility for […]

UN Advertises Jobs in Iraqi Kurdistan

By on 18th May 2016 in Employment

By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Social Protection Officer (UNAMI) Finance Officer (Norwegian Refugee Council, NRC) Human Resources Officer (Norwegian Refugee Council, NRC) Monitoring & Evaluation Officer (Norwegian Refugee Council, NRC) Rapid Response Project Officer - Assessment (Norwegian Refugee Council, NRC) Rapid Response Project Officer - Cash Distribution […]

Counter-ISIL Strikes Hit Terrorists in Syria, Iraq

By on 18th May 2016 in Security

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported on Tuesday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports Strikes in Syria Attack and remotely […]

Community Development Centre and Park opened in Erbil

By on 18th May 2016 in Iraq Public Works News

To mark the closure of a comprehensive informal settlement upgrading intervention in Erbil, a community development centre and a neighbourhood park were opened today in Kurani Ainkawa. The Improving Housing Delivery System in Erbil - Upgrading of Kurani Ainkawa Informal Settlement project is funded by the Kurdistan Regional Government (KRG), and implemented by the United […]

Unaoil Claims it was Blackmailed

By on 17th May 2016 in Iraq Oil & Gas News, Security

By John Lee. Monaco-based Unaoil , which has been accused of widespread bribery and corruption in the Iraqi oil industry, has issued a statement claiming that it has been the victim of an extortion attempt. The full statement from Unaoil follows: Unaoil can confirm it has been the victim of a four-month extortion attempt by […]

Oil Companies Warn of Development Delays

By on 17th May 2016 in Iraq Oil & Gas News

By John Lee. A senior Iraqi oil official has told Reuters that international oil companies (IOCs) have warned of delays to projects to increase its crude oil output if the Iraqi government insists on drastic spending cuts this year. Investments by IOCs are repaid with crude oil, which has become a problem since oil prices […]

Military Strikes Target ISIL Terrorists in Syria, Iraq

By on 17th May 2016 in Security

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 Bomber, fighter and […]