By Padraig O'Hannelly. Former Oil Minister Dr. Hussain Al-Shahristani (pictured) has responded to the recent reports of alleged corruption involving Unaoil. In an email to Expert Blogger Ahmed Mousa Jiyad, for publication on our Iraq Business News website, Dr Al-Shahristani says that he has "not known, met or communicated in any way with anybody from […]
By John Lee. Iran has cut electricity to the Penjwen district east of Sulaimani, as well as to neighboring villages in Iraqi Kurdistan, since Monday. According to a report from eKurd, the supply was cut off after the Kurdistan Regional Government (KRG) failed to repay loans of $27 million to Iran. Iran has provided the Penjwen […]
A total of 1,119 Iraqis were killed and another 1,561 were injured in acts of terrorism, violence and armed conflict in Iraq in March 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in March was 575 (including 45 federal police, Sahwa civil defence, […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and remotely piloted […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 22 remittance companies took part in its currency auction on Tuesday. A total of $105,341,338 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. Unaoil Corruption Scandal: International and Iraq update and follow-up The recent joint report by Australia's Fairfax Media and the Huffington Post uncovering serious international corruption scandal allegedly masterminded by a Monaco based […]
By John Lee. Prime Minister Haider al-Abaid has called for an investigation into allegations of bribery in the Iraqi oil industry. Iraq's ambassador to the United States, Lukman Faily, has also said that al-Abadi will personally chair a new committee to review all major contracts issued by government ministries. The moves follow reports from the […]
By John Lee. The Prime Minister's nominee for the post of oil minister in his new 'technocrat cabinet' has reportedly withdrawn his candidacy, apparently because he had not been formally proposed by the main Kurdish groups. Nizar Saleem Numan, a 65-year-old Kurdish petroleum geologist, who is the dean of the college of planning at the University […]
The Kurdistan Regional Government (KRG) has published its monthly crude oil export report for March 2016. The report details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; and the revenues received on account by the KRG during the month. The KRG exported 10,148,487 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 31st Mar 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD839 (-3.5%) / $844 (-4.3%) (weekly change) (-23.1% and -26.3% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, 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 Attack, fighter and remotely […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 21 remittance companies took part in its currency auction on Sunday. A total of $79,005,544 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
