The UK will provide new life-saving support to tens of thousands of Iraqis forced to flee their homes by the brutal rise of ISIL, International Development Minister Desmond Swayne (pictured) has announced. Speaking during a visit to Iraq, Mr Swayne set out how £20 million in new funding from the UK would provide medical care, […]
By John Lee. Iraq's Ministry of Construction and Housing and Public Municipalities is reported to be about to sign a contract worth 10 billion dinars ($8.6 million) with an Iranian company to buy chlorine and alum for water purification. Tariq al-Kikhany (pictured) said that in view of the cholera epidemic that has hit a number […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks and 12 remittance companies took part in its currency auction on Tuesday. A total of $183,935,819 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Kurdistan Regional Government (KRG) exported 18,614,798 barrels of crude oil (an average of 620,478 barrels per day (bpd)) in the month of September through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed 13,898,548 barrels (463,285 bpd on average), while fields operated by […]
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. An Evil Plot? Iraq's Most Industry-Savvy Province Refuses to Impose Baghdad's New Customs Tax A new customs tax came into effect in August. But in Basra, one of Iraq's busiest […]
By John Lee. The Al Jayial Company, based in Baghdad, has been awarded a contract worth $271,200 (316 million Iraqi dinars) by the US State Department to carry out work at the US Consulate in Basra. The contract is described as a firm fixed-price purchase order for local fabrication and delivery of 16 latrine and […]
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 today (Monday). Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber and remotely […]
According to casualty figures released today by UNAMI, a total of 717 Iraqis were killed and another 1,216 were injured in acts of terrorism, violence and armed conflict in September 2015*. The number of civilians killed was 537 (including 42 civilian police and casualty figures in Anbar), and the number of civilians injured was 925 […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 8 remittance companies took part in its currency auction on Monday. A total of $235,790,719 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Basrah Gas Company (BGC) has been awarded the World Bank’s prestigious Global Gas Flaring Reduction Partnership (GGFR) Excellence Award for 2015. The GGFR Excellence Award recognises governments, oil companies and other organisations that have made a significant contribution to gas flaring reduction in the upstream sector of the industry through associated gas utilisation projects, […]
U.S. Ambassador to Iraq Stuart E. Jones has announced that the United States is providing more than $56 million in additional humanitarian assistance to Iraqis who have been affected by violence created by Da’esh inside Iraq. The Ambassador noted that the new funding brings total U.S. humanitarian assistance for the Iraq humanitarian response to nearly […]
AT&T has opened a new affiliate office in “Energy City” in Basra to serve multi-national companies in Iraq, particularly those in the energy sector. Dan Walsh (pictured), AT&T’s Senior Vice President and Managing Director for Energy Business Solutions, said: “It’s not every day we open up a new country for AT&T. Our data services are available […]
