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. On March 30, a police station in Babil received an anonymous tip about an infant who had been thrown in the garbage. A patrol dispatched to the location found a baby in a cardboard […]
By John Lee. An American court has dismissed an attempt by the Kurdistan Regional Government (KRG) to overturn a previous decision against its planned sale of oil to a US-based customer. The case arose when Iraq’s central government sued to seize a tanker loaded with crude oil from Iraqi Kurdistan -- the United Kalavryta (pictured) […]
By John Lee. A meeting of the Iraqi cabinet on Tuesday authorised the Minister of Industry and Minerals to negotiate with the French company Lafarge concerning investment in the Karbala cement plant (pictured). The Minister will put the results of the negotiation to the Prime Minister for approval. (Source: Office of the Prime Minister)
By John Lee. According to a report from BasNews, members of the Kurdistan Region parliament have put forward a draft law blocking pornographic websites in Iraqi Kurdistan. MP Bahzad Darwesh from the Kurdistan Islamic Union (KIU) told the publication that 27 MPs signed a draft law on 20th September, proposing the Kurdistan Regional Government (KRG) […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Media outlets are broadcasting the departure of hundreds of thousands of Syrians and Iraqis from their countries toward Europe by boat, train or on foot. The scenes of escape and displacement coupled with panic […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $207,554,813 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Canadian-based ShaMaran Petroleum and TAQA, the Abu Dhabi National Energy Company, are in dispute regarding the Atrush block in Iraqi Kurdistan. In a statement to the markets on Monday, ShaMaran said that its wholly owned subsidiary, General Exploration Partners (GEP), has received a Default Notice from TAQA Atrush B.V., the Operator of the Atrush Block, […]
By John Lee. Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met on Sunday with a delegation from the French oil company Total, lead by Mr. Pascal Carrier. The Minister confirmed that Iraq is keen to foster relations with companies such as Total, and aims to expand cooperation in the field of oil and energy […]
Moody's Investors Service has today assigned a provisional rating of (P)Caa1 to Government of Iraq's planned USD-bond issuance, with a stable outlook. The rating was initiated by Moody's Investors Service and was not requested by the rated entity. It is being assigned ahead of planned issuance of USD-denominated debt by the Iraqi government in the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Sept 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: There will be no trading session at the ISX from September 23, 2015 to September 27, 2015 due to the national holiday, Eid Al-Adha. […]
Iraqi government-backed militias carried out widespread destruction of homes and shops around the city of Tikrit in March and April 2015 in violation of the laws of war, Human Rights Watch (HRW) said in a report released on Sunday. Militiamen deliberately destroyed several hundred civilian buildings with no apparent military reason after the withdrawal of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's government has ordered daily water tests and other measures to try and contain an outbreak cholera that has been blamed for the deaths of at least six people in a town west […]
