By John Lee. FIFA, the international federation governing soccer, has reportedly lifted a ban on playing friendly football matches in Iraq. A spokesman for the Ministry of the Youth and Sport told AIN that the head of FIFA, Joseph Blatter (pictured), has agreed to allow friendly football matches in advance of a complete lifting of […]
The Basra Compact, a flagship partnership to revive the economy in southern Iraq The authorities of Basra and the UN Development Programme (UNDP) have signed a flagship agreement, the Basra Compact, aiming at strengthening participatory and accountable governance and reviving the economic activity in the southern governorate, which is not just oil-rich but needs to […]
By John Lee. The State Department approved a possible Foreign Military Sale to Iraq for Ammunition and associated equipment, parts and logistical support for an estimated cost of $395 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale. The Government of Iraq has requested a possible sale of […]
By John Lee. The Kurdistan Regional Government (KRG) has published the Monthly Export Report for April, 2015. The detailed report provides a summary of crude oil exports in April through the Kurdistan pipeline network to the port of Ceyhan in Turkey. The report also indicates the volumes provided to SOMO by the KRG in line […]
By Dr Natalie Schoon, Islamic finance expert. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. At a time when women generally had little to no rights, the Quran introduced equality between genders. Women were not owned by their husbands, but were considered independent and could have their […]
By John Lee. The parliamentary economic and investment commission has reportedly said that the Central Bank of Iraq (CBI) is not able to redenominate the Iraqi dinar, deleting the three zeros. According to a report from Shafaq News, this is "due to the unstable economic situation." Instead, new banknotes worth 50,000 dinars are to be […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Al Jazeera's Imran Khan, reporting from Baghdad, explains ISIL's gains and losses in Iraq.
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces and Shiite militias continue to fight Islamic State group jihadists for control the Baiji refinery, Iraq's largest:
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks and 1 remittance company took part in its currency auction on Thursday. A total of $151,500,131 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq: Developing More Capacity to Manage Public Funds Even amid conflict and fluctuations in oil prices, as home to the world’s third-largest oil reserves, Iraq has the sort of wealth from natural resources that makes it possible for its government to invest in the country’s infrastructure. Iraq spent more than US$51 billion on public procurement […]
By John Lee. Fiber optic company m2fx has announced a new partnership with Hevek Company, expanding distribution of its products into Iraq for the first time. Hevek Company will provide customers with m2fx’s full product range, including its tough yet flexible range of pushable fiber cables, lightweight aerial solutions and microducts for Fiber to the […]
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As a coalition of Sunni Arab states led by Saudi Arabia targets Shiite Houthi forces and their allies in Yemen, Iraqi Kurds are watching with concern and caution, wondering how […]
