By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 22 remittance companies took part in its currency auction on Tuesday. A total of $171,178,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Iraq Britain Business Council (IBBC) in conjunction with the Federation of Chambers of Commerce in the Kurdistan Region of Iraq are hosting a one-day London Business Forum to exchange information on business opportunities in Kurdistan and the United Kingdom. The event will be held on the 20th January 2016 at The English-Speaking Union, Dartmouth […]
By John Lee. MOL Hungarian Oil and Gas Plc has announced that, in agreement with its partners Gulf Keystone Petroleum (GKP) and the Kurdistan Regional Government's Ministry of Natural Resources, it has decided to relinquish the Akri-Bijeel Block in the Kurdistan Region of Iraq. The company said its decision was based on a comprehensive assessment […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th Jan 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD1017 / $1169 (-6.7% weekly; -6.7% YTD change). The number of week traded shares was 3.6bn and the […]
By John Lee. A former U.S. Department of Defense contracting official has been sentenced to 30 months in prison for his role in a bribery scheme involving U.S. government contracts in Iraq. James Edward Addas, 55, of Stafford, Virginia, previously pleaded guilty to charges of bribery and tax evasion. According to admissions made in the […]
By John Lee. Iraq has banned the importion of frozen and live poultry products from two dozen countries. According to a report from Reuters, Baghdad restricted poultry imports from France last month, following a reported outbreak of H5N1 bird flu. The ban now extends to Bangladesh, Burkina Faso, Bhutan, China, Egypt, Ghana, Hong Kong, India, […]
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 Fighter, attack, bomber, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks and 14 remittance companies took part in its currency auction on Sunday. A total of $145,512,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Four new border crossings are planned to be opened between Iraq and Turkey. The new posts at Gülyazı, Aktepe, Ovaköy and Üzümlü are intended to relieve the pressure on the Habur border crossing (pictured), which was recently closed for security reasons, and which has just been reopened on a limited basis. Annual […]
Since May, the Islamic State of Iraq and the Levant has steadily lost ground to Iraqi security forces and Syrian Democratic Forces, the spokesman for Operation Inherent Resolve said on Wednesday. Briefing the Pentagon press corps via video conference from Baghdad, Army Col. Steve Warren offered battlefield updates and a status report on coalition efforts. […]
By John Lee. Washington DC-based communications consultancy BGR Government Affairs LLC has reported that it has been actively lobbying in the United States on behalf of the Kurdistan Regional Government (KRG). In a statement made pursuant to the US’s Foreign Agents Registration Act (FARA), the company also confirmed that it had billed the KRG $150,000 for […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Which Iraqi had the most impact on their nation over the past 12 months? NIQASH editors and correspondents picked a few candidates - some obvious, some interesting - and invite […]
