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Nearly 1000 Iraqis Killed in December

According to casualty figures released today by UNAMI, a total of 980 Iraqis were killed and another 1,244 were injured in acts of terrorism, violence and armed conflict in December 2015*. The number of civilians killed was 506 (including 18 federal police, Sahwa civil defence, Personal Security Details, facilities protection police and fire department), and […]

Currency Auction Results, 3rd Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 19 remittance companies took part in its currency auction on Sunday. A total of $153,336,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Stock Market ends year Down 22%

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th Dec 2015). Note: ISX will be closed during December 28, 2015 - January 2, 2016 due to the end-of-year closing operations. The next session will be held on Sunday, January 3, 2016. Please click here to download a table of listed companies […]

Iraq Architecture and Planning Forum in London

The Annual Forum of the UK's Al-Kindi Society for Engineers takes place in London on Saturday 9th January, and it promises to be an essential event for all in the industry. Chaired by Dr. Subhi Al-Azzawi and Dr. Caecilia Pieri, the Forum will address the topic of Iraq Architecture and Planning, and will include speakers […]

Video: Iraq declares Ramadi Liberated from IS

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi soldiers are combing the city of Ramadi for bombs after declaring it liberated from the Islamic State group in a landmark victory against the jihadists.

West Qurna II Produces 20m Tonnes this year

Since its launch in March 2014, cumulative production of Iraq’s West Qurna-2 field, operated by PJSC LUKOIL, has exceeded 30 million tonnes of oil. On December 24, 2015 LUKOIL achieved its annual production target for the West Qurna-2 field in full: 20 million tonnes of oil were produced since the beginning of the year. As […]

Al-Abadi meets Delegation from Hanwha

Prime Minister Dr. Haider Al-Abadi received in his office on Sunday a delegation from the Korean company Hanwha which is implementing the Bismaya residential project. The delegation gave a presentation on progress reached on the ground for the project, where the first three thousand residential units to best standards have been completed in full, with […]

Oryx Resumes Drilling at Demir Dagh

Oryx Petroleum has announced that it has resumed drilling activities at the Demir Dagh field in the Hawler licence area in the Kurdistan Region of Iraq and that it has agreed with the vendor of OP Hawler Kurdistan Limited, the subsidiary of the Corporation that holds interests in the Hawler license area, to restructure the […]

Italy Opens its Consulate in Erbil

Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) - In a ceremony held yesterday, Italy's Consulate opened in Erbil, which was attended by the President of Italian Senate, Mr. Pietro Grasso and his accompanying delegation, Prime Minister Nechirvan Barzani, Deputy Speaker of the Kurdistan Parliament and a number of Kurdistan Regional Government ministers and officials. In his speech, Prime […]

Lebanon to Open Diplomatic Mission in Erbil

Prime Minister Nechirvan Barzani yesterday received the Lebanese Embassy Charge d’Affaires in Iraq, Mr. Walid Al-Ghossaini.Mr. Walid Al-Ghossaini said that his country intends to open a representation office in the Kurdistan Region capital Erbil, in a near future, to raise it later to the level of consulate. Mr. Al-Ghossaini discussed the current situation in the […]

Strikes Hit ISIL in Syria, Iraq

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  Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and remotely […]

Currency Auction Results, 29th Dec

By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $149,382,311 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)