From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Torrential rain caused chaos across several parts of Iraq on Thursday, with the water causing thigh-high flooding on some Baghdad streets and damaging camps for the displaced.
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Iraq Attack, bomber and fighter aircraft […]
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. No Houses for the Arabs: Iraqi Kurdish Council's Controversial Ruling About Who Can, and Cannot, Buy Property Tensions between displaced Arabs in Iraqi Kurdistan and local Kurds are growing. Which […]
By John Lee. Genel Energy has announced the sale of a 20 percent participating interest in the Chia Surkh Production Sharing Contract ('PSC') to Petoil Inc. As consideration for the sale of the 20% interest, Petoil will carry Genel's share of the costs associated with the Chia Surkh-12 ('CS-12') appraisal well. The total cost of […]
By John Lee. In its 3Q statement to the markets, Asiacell's owner Ooredoo has said that its overall financial performance was impacted by the security situation in Iraq. Asiacell recorded improved revenue, EBITDA, and Net Profit in Q3 2015 compared to Q2 2015. Asiacell's total customer base stood at 10.6 million at the end of […]
By John Lee. John Chilcot (pictured), chairman of a long-running British inquiry into the Iraq War, has said he expects to publish the report in June or July 2016. In a letter to Prime Minister David Cameron he said: "My colleagues and I estimate that we will be able to complete the text of our […]
The coalition fighting Islamic State of Iraq and the Levant terrorists in Syria and Iraq has conducted 7,712 airstrikes since operations began, the majority in Iraq, an Operation Inherent Resolve spokesman said today. Army Col. Steve Warren, speaking via teleconference from Baghdad, told reporters at the Pentagon that 5,032 of those airstrikes were in Iraq, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $168,928,205 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Almost 75 percent of Iraq’s draft budget for 2016 is earmarked for operational expenditure, with 25 percent set aside for investment purposes, a lawmaker has said. He added that more than 6,500 government-sponsored projects are still on hold for a second consecutive year because of falling oil prices. The Iraqi government has already submitted the […]
By John Lee. Iraq is increasingly importing raw sugar instead of white, as a new sugar refinery has ramped up production faster than expected, according to Reuters. Ir is estimated that the Babylon refinery south of Baghdad, which serves the domestic market, had imported around 375,000 tonnes of Brazilian raw sugar in the past six […]
By John Lee. Turkish Airlines has announced that it has added a new flight destination operated between Baghdad and Istanbul Sabiha Gökçen International Airport. Beginning October 25th, roundtrip flights between Istanbul and Baghdad will be operated 2 times per week in both directions till November 23rd, and will be daily as from that: (Source: Turkish […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. For centuries, Iraq has been famous for it's copper handicrafts. And for generations, some of the best artisans worked from the Safafeer Market in central Baghdad. But, as Imtiaz Tyab reports, the industry […]
