By John Lee. Reuters reports that Iraq has raised the interest rate its $1.3-billion local bond issue in order to boost sales. The Central Bank (CBI) increased the rate from 6 percent to 8 percent, with the new rate applying to the whole issue regardless of when they were bought. The sales period will remain […]
By John Lee. Iraq has deliberately shut down large areas of the country's internet to help prevent cheating in national exams. Internet advocacy group SMEX has an email from one Iraqi ISP confirming the action, and saying that it came about due to an official request made by the country's Ministry of Communications, according to […]
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 […]
By John Lee. The United Nations has advertised several new positions in Iraq: Programme Assistant (UNICEF) Logistics Officer (UNICEF) Social Protection Officer (UNICEF) International Climate Change Consultant (UNDP) Livelihoods Technical Advisor (Relief International) Livelihoods Project Manager (Danish Refugee Council, DRC) Assistant Humanitarian Liaison Officer (UNAMI) Programme Assistant (UNAMI) Liaison Officer / Translator (UNOPS) (Source: UN) (Recruitment image via Shutterstock)
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 $128,807,180 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Central Bank chief Ali al-Allaq has said a possible deal with the International Monetary Fund (IMF) may unlock $15 billion in aid this year and next. He told an interview in Beirut that he expects Iraq to receive $10 billion in assistance from the IMF and World Bank, with a further $5 […]
KRG Prime Minister Nechirvan Barzani received Mr. Mahmoud Alavi, Minister of intelligence of Islamic Republic of Iran and his accompanying delegation on Saturday. Mr Alavi said that Iran attaches great importance to its relations with Kurdistan Region, stressing that these relations have deep historical roots. The delegation stated that Iran has always considered the Kurdistan […]
Entering Iraq: IBBC and members introduce Iraq to the Aberdeen Chamber of Commerce Representatives from the Iraq Britain Business Council (IBBC), members KCA Deutag and Control Risks, and UK Trade Envoy for Iraq Baroness Nicholson of Winterbourne, participated in a Lunch and Learn session at the Aberdeen and Grampian Chamber of Commerce on 13 May […]
Voice of America (VOA) journalists were beaten and harassed by authorities in Pakistan and Iraq earlier this week. “I am appalled that these VOA journalists, who were only doing their job of reporting accurate information, were beaten and harassed by security forces,” VOA Director Amanda Bennett said. “Intimidation only generates an opposite effect. VOA will […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th May 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ702 (-7.0%) / $700 (-7.7%) (weekly change) (-35.6% and -38.9% 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 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 Attack, fighter, and […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Suicide attackers broke into a gas plant north of Baghdad on Sunday, killing at least seven people and setting fire to gas tanks, officials said.
