By John Lee. Production at the Khabbaz oilfield, 20 km southwest of Kirkuk, remained suspended on Monday following severe damage during a weekend attack by Islamic State (IS, ISIS, ISIL) insurgents. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) said there is severe damage to the field, which was recaptured by Kurdish forces on […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks took part in its currency auction on Monday. A total of $64,505,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has announced the establishment of three new oil companies. The Dhi Qar Oil Company has been set up to put the extraction and production of oil from fields in Dhi Qar under their direct supervision of the people of the province. This […]
By John Lee. In its full-year results announced on Sunday, Zain Group CEO Scott Gegenheimer (pictured) said the escalation of political instability in Iraq in 2014 saw several million people displaced internally coupled with Zain Iraq enduring frequent temporary network interruptions and associated higher network operational costs: "These exceptional circumstances adversely affected the operation’s financial […]
By John Lee. The Iraqi Ministry of Defence has taken delivery of another consignment of Russian Mi-28NE attack helicopters. The shipment is part of a deal agreed in 2012, and reported to involve 28 Mi-35M and 15 Mi-28NE helicopters. IHS Jane's 360 reports that helicopters from the previous consignments have been seen flying over Baghdad, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In northern Iraq, Shia militias are being accused of preventing Sunnis from returning to their homes once areas are cleared from ISIL fighters. Kurd and Shia commanders are denying the allegations. Al Jazeera's […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Prime Minister Haider al Abadi says militias carrying out killings in Iraq are 'no less dangerous than terrorists'. Sami Zeidan speaks to Sabah Al-Mukhtar, an Iraqi political analyst and president of the Arab […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th January 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,294 (+1.6%) / $1,369 (+0.8%) (weekly change) ) (-7.1% and -7.6% YTD change, respectively). The number of week […]
According to casualty figures released today by UNAMI, a total of 1,375 Iraqis were killed and another 2,240 were wounded in acts of terrorism and violence in January*. The number of civilians killed was 790 (Including 59 civilian police), and the number of civilians injured was 1,469 (including 69 civilian police). A further 585 members […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks took part in its currency auction on Monday. A total of $91,724,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iran and Iraq have reportedly agreed to reduce mobile phone roaming charges, and to cooperate more closely on other issues relating to telecommunications. The development follows a visit by Iraqi Minister of Communications, Hassan Kadhim Al-Rashed [Kazem Hassan Rashed], to Tehran to meet Iran’s Communications and Information Technology Minister, Mahmoud Vaezi. Minister […]
By John Lee. The parliament of Belarus has said that it will set up a working group to look at improving cooperation with Iraq. BelTA news agency reports that the Chairman of the Ukrainian International Affairs Commission, Nikolai Samoseiko, explained that a strategy for "the complex advancement of Belarus-Iraq relations" is being implemented. (Source: BelTA) […]
