By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A wide range of armed forces beholden to different authorities outside the defense and interior ministries are spread across Iraq. This reality was not spawned by the occupation of Mosul by the Islamic State (IS) […]
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Afren Shares Crash on Liquidity Fears
By John Lee. Shares in Afren plc have crashed by 67 percent by lunchtime on Tuesday, following an announcement from the company regarding its financing. The full text of the announcement follows: Afren plc ("Afren" or the "Company") provides an update regarding the review of its capital structure, liquidity and funding requirements announced on 20 […]
Tags: Afren
Flights Suspended After Airplane Shooting
By John Lee. Several airlines have suspended flights to Baghdad on Tuesday after bullets hit an airplane as it was landing at Baghdad International Airport. Reuters reports that two passengers were slightly injured when three or four bullets hit the body of a flydubai plane carrying 154 passengers on Monday evening. It was not known […]
Tags: Air Arabia, air routes, Baghdad, Baghdad International Airport, caliphate, Caspian Airlines, dubai, Emirates Airlines, Etihad Airways, FlyDubai, Iran, Iraqi Airways, ISIL, ISIS, Islamic State, Lebanon, Middle East Airlines, terrorism, Turkey, Turkish Airlines, UAE, United Arab Emirates
Nina Iraq: Goodbye 2014, Hello 2015
By Samar Rassam-Whitticombe, CEO of Somer Industrial Projects (SIP). This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. As we wave goodbye to 2014, I am reminded of all the superb achievements of the last 12 months. The ever-changing shifts in the international socio-political scene have […]
Egypt Forgives Iraqi Debt in Exchange for Oil
By Ayah Aman for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the opinions of Iraq Business News. Iraqi Prime Minister Haider al-Abadi’s visit to Cairo on Jan. 11 included several political, military and economic agreements, and marked a new chapter in Egypt-Iraq relations. These agreements also contributed in […]
Video: Yazidis Hunker Down for Winter
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Last summer, tens of thousands of Yazidis faced searing heat as they fled a murderous jihadist onslaught in northern Iraq, but many survivors are now shivering in the snow:
Tags: caliphate, IDPs, internally displaced persons, ISIL, ISIS, Islamic State, Refugees, terrorism, video, Yazidis, Yezidis
Parliament Launches NGO Human Rights Board
The Council of Representatives (COR) this week launched in Baghdad the NGO Human Rights Advisory Board, which will assist the parliament's Human Rights Committee to effectively engage with the civil society and promote human rights through the legislative body. The UN Development Agency (UNDP) played an instrumental role in creating this platform, first of its […]
New Forum on Peaceful Coexistence and Reconciliation
Subsequent to the roundtable discussions on social cohesion amongst Iraq's social and political actors that were held in Baghdad on 26 and 27 November 2014 and following-up on their recommendations, the Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr.Nickolay Mladenov, on Sunday chaired in Kerbala the first of a series of roundtable […]
Currency Auction Results, 27th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 12 banks took part in its currency auction on Tuesday. A total of $69,593,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
Kerry is Lobbied on US Rice for Iraq
By John Lee. Mississippi’s congressional delegation has asked Secretary of State John Kerry to help encourage Iraq to buy more US-produced rice. According to a report from Clarion Ledger, they have asked for diplomatic assistance to improve trade relations with the Iraqi Grain Board (IGB), which is expected to soon begin accepting bids on a […]
Angelina Jolie: The World Must Do More
The UN refugee agency's Special Envoy Angelina Jolie is in Dohuk, Iraq, visiting Syrian refugees and displaced Iraqi citizens in the Kurdistan Region of Iraq to offer support to 3.3 million displaced people in the country and highlight their dire needs. Since Ms Jolie's last visit to Iraq in September 2012, the scale and gravity […]
Tags: Angelina Jolie, Dohuk, IDPs, internally displaced persons, Kurdistan News, Refugees, UNHCR, video
Video: Iraq Defeats Iran in Asian Cup
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Salam Shakir scored the winning spot-kick as Iraq stunned 10-man Iran 7-6 on penalties to reach the Asian Cup semis in a match of high drama between the arch-rivals.