By John Lee. The tanker of oil from Iraqi Kurdistan, which had been waiting off the US coast for six months due to legal proceedings, is reported to have finally set sail on Tuesday. According to a report from BasNews, the United Kalavyrta [United Kalavrta] (pictured) is now headed for the Straits of Gibraltar, following […]
By John Lee. Iraqi Transport Minister Baqr Jabr Al-Zubeidi (pictured) has said that Iraq is considering seeking foreign investors to fund the multi-billion-dollar Grand Faw [Grand Fao] port project. Emirates 24/7 quotes the Minister as saying that the transport ministry is unable to execute the $6-billion (7-trillion-Iraqi-dinar) project, and is considering awarding the project "on […]
By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. For Ibtisam, a 15-year-old Yazidi girl, the six months after the Islamic State (IS) attacked her hometown could not have been crueler. Her mother and three younger sisters were taken from the village of Tel […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 10 banks took part in its currency auction on Wednesday. A total of $40,151,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
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) […]
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 […]
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 […]
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 […]
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 […]
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:
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 […]
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 […]
