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Currency Auction Results, 5th Nov

By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $178,835,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Iran Khodro to Increase Production in Iraq

By John Lee. Iran’s main car manufacturer is set to raise its production level in Iraq by producing 3,000 vehicles per month. Iran Khodro (IKCO)'s  Deputy CEO for Export, Saeed Tafazzoli, said its Iraqi partner had decided to allocate most parts of its production lines to IKCO’s vehicles. “IKCO’s rivals have failed to grab the […]

Asian Oilfield Services Completes Shakal Project

By John Lee. Reservoir imaging company Asian Oilfield Services Ltd has announced the successful completion of a 3D seismic survey for Gazprom in Iraqi Kurdistan. The company, based in Dubai, completed the survey of over 100 square kilometers at the Shakal License Block. It has previously worked at the Taza block in Kurdistan.

British Museum sets up Emergency Heritage Mgt Programme

The British Museum is embarking on a programme of co-operation with colleagues in Iraq made possible with £3 million grant from the Department of Culture, Media and Sport (DCMS). This will enable the Museum to deliver a programme of in-depth and specialized training to establish a dedicated corps of Iraqi heritage professionals, fully skilled to […]

Military Strikes Continue Against ISIL Terrorists

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

Iraq Improves in Prosperity Index

By John Lee. Iraq has risen five places in this year's Legatum Institute Prosperity Index, ranking in 123rd place out of the 142 countries measured. The index ranks countries in eight categories including economic success, opportunity, health, and personal freedom. Norway finishes highest on the annual Prosperity Index for the seventh year in a row, […]

Ahmed Chalabi Dies, Aged 71

By John Lee. The prominent Iraqi politician Ahmed Chalabi has died at the age of 71. Chalabi, who played a significant role in persuading the United States and its allies to topple Saddam Hussein in 2003, died of a heart attack at his Baghdad home on Tuesday. Having previously served as Deputy Prime Minister, Chalabi […]

Parliament Curbs Prime Minister's Power

By John Lee. The Iraqi parliament voted unanimously on Monday to prevent the government from passing important reforms without its approval, according to a report from Reuters. The chamber acted after Prime Minister Haider al-Abadi (pictured) unilaterally enacted reforms in August that it considered to be in violation of the constitution, including his dismissal of […]

Military Airstrikes Target ISIL Terrorists 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 Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Attack, fighter and […]

Currency Auction Results, 3rd Nov

By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 19 remittance companies took part in its currency auction on Tuesday. A total of $186,696,818 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)