By John Lee. The Central Bank of Iraq (CBI) has taken a number of decisions with the intention of supporting and developing the Iraqi economy; the following list is taken directly from an announcement by Rabee Securities: Approving appointment of a representative of the private banks in the Board of directors of the CBI; Approving […]
By John Lee. Militants from the Islamic State (IS, ISIS, ISIL) have bombed the Kirkuk railway on Saturday evening, in an attempt to prevent Peshmerga forces from attacking the area. A Peshmerga source in the area told BasNews that the jihadists laid waste to a section of the railway near Maktab Khalid, and blew up […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has lifted a years-old nightly curfew in the capital, Baghdad, in a bid by Prime Minister Haider al-Abadi's government to make the city feel more liveable despite persistent violence plaguing the country. […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi government spends millions on medical treatment abroad The coordinator of a consulting firm specializing in providing medical treatment in India announced Nov. 15 on his Facebook page that he was coming to Iraq […]
By John Lee. The Czech cabinet has postponed a decision on the sale of redundant L-159 subsonic fighters to Iraq. Defence Minister Martin Stropnicky said on Wednesday that "the way of assigning the proceeds from the sale to the Defence Ministry must be defined before the decision is made." Global Times reports that the Czech Defence […]
By John Lee. Basra Gateway Terminal (BGT) announced on Thursday that its operations at the Port of Umm Qasr are now fully operational. BGT chief executive Phillip Marsham said in a statement: “We are attracting plenty of interest from container lines and have enjoyed a good pace of cargo buildup since we opened the doors […]
By John Lee. Prime Minister Dr. Haider Al-Abadi received the German Ambassador in Baghdad, Mr. Ekkehard Brose, at his office on Wednesday. The meeting discussed means of promoting bilateral relations especially security, training and armament cooperation in addition to the economic, trade and investment fields. H.E. mentioned that Iraq is looking forward to a promising […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were down 10 percent on Friday morning, after it announced the suspension of crude oil exports by truck from Iraqi Kurdistan. The company said it remains in a dialogue with the Kurdistan Regional Government's Ministry of Natural Resources ("MNR"), in order to receive the outstanding payments […]
By John Lee. Parsons has announced that it was recently awarded the front-end engineering design (FEED) for South Oil Company’s Common Seawater Supply Project in southern Iraq. This landmark project will provide 12.5 million barrels of water per day (bwpd) of treated seawater to oilfields in southern Iraq. Parsons’ scope of work includes conducting 14 […]
Baroness Nicholson and a delegation of Iraq Britain Business Council (IBBC) members had a meeting in Baghdad with Iraq’s Deputy Prime Minister, Dr Rowsch Shaways, followed by an exchange of views with Iraq’s Minister of Oil, HE Adel Abdul-Mehdi. The meetings were extremely informative and Minister Abdul-Mehdi made a point in welcoming and encouraging further […]
By Patrick Schmidt. The United States military has repositioned and deployed additional military resources to Iraq in the wake of two major events. The brutal murder of a Jordanian fighter pilot by the Islamic State (IS, ISIS, ISIL) has sent another shock through the international community. As a result, the United Arab Emirates has withdrawn […]
By Patrick Schmidt. The United States Department of Defense announced this week that the Islamic State (IS, ISIS, ISIL) no longer receives the majority of income from oil sales. Officials now believe that the group is funded mainly through private donations as well as black market sales. Additional pressure has mounted against the Islamic State […]
