By Mustafa al-Kadhimi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq needs to up its game if it hopes to keep up — or rather, catch up — with ever-evolving terrorist groups such as the Islamic State (IS). The Iraqi government is unable to secure its […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, 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 aircraft conducted three […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $121,075,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 21.45 million from the Kurdistan Regional Government for exports from the Tawke field under a new payment arrangement announced on 1 February 2016. The payment, to be shared pro-rata by DNO and partner Genel Energy plc, includes USD 17.99 million toward the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD977 (+5.7%) / $1015 (+5.7%) (weekly change) (-10.3% and -11.4% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter […]
By John Lee. BBC reports that Iraqi security forces have begun building a 300km (186 miles) wall around Baghdad in an effort to prevent attacks by the Islamic State group (IS, ISIS, ISIL, Daesh). The new barrier, which will include a two-metre deep trench and surveillance cameras, will surround the city from all sides, an […]
By Wassim Bassem, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ali al-Jubouri, a farmer from the Babil countryside, patiently waits every year for the rainwater to evaporate from local natural salt lakes. He and his family then collect the salt left behind to sell […]
By John Lee. The Kurdistan Regional Government (KRG) has announced that it will pay only partial salaries to all government employees except security personnel, as it struggles with an economic crisis due to low oil prices. In a statement, it said the decision was taken "in order to ensure the continued distribution of part of […]
By Wassim Bassem, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Once-lively Caravan Stops Crumble Along Abandoned Silk Road In an interview with Al-Monitor, 85-year-old Hussein Khazraji described how he used to cross the distance between his hometown, Najaf, and Karbala on foot in the […]
Register Now for "IN THEIR SHOES" 5k to Benefit Iraqi Children It's that time again! The Iraqi Children Foundation is hosting its 4th annual "IN THEIR SHOES" 5K to benefit Iraq's most vulnerable children on Saturday, May 14, 2016, in Old Town Alexandria, VA. Race course is USATF certified and will be timed. Not a serious runner? […]
By John Lee. Shares in Genel Energy were trading up 10 percent on Friday morning after the compay announced that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. Genel's share of the gross Taq Taq […]
