By John Lee. Trade between Iran and Iraq has reached $12 billion, according to the Head of Iran-Iraq Joint Chamber of Commerce, Yahya Al-e Eshaq. Addressing a conference in Tehran, he said an Iranian delegation to be headed by First Vice-President Eshaq Jahangiri will soon visit Iraq to discuss expansion of trade between the two […]
By John Lee. The Iraqi Ambassador to Malaysia, Prof. Dr. Basim Hattab Al-Tumma, has said that there are "tremendous opportunities" for Malaysian companies in the field of oil and gas exploration, infrastructure development, commodity trading, halal food and other consumer items. He said Iraq was looking forward to seeing Malaysia, a "brotherly Muslim country", assisting […]
By John Lee. South Korea has become the third largest supplier of beer to Iraq, with exports to the country reaching 6,384 tons, or US$4.48 million, last year. This puts South Korea behind Hong Kong (55,484 tons) and China (20,112 tons). Four years ago, South Korea ranked as the country’s seven-largest beer exporter. According to […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 15 banks took part in its currency auction on Thursday. A total of $108,544,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Baroness Emma Nicholson of Winterbourne, UK Trade Envoy for Iraq and Iraq Britain Business Council’s (IBBC) Chairman, highlighted on Tuesday the fact that “despite the heavy competition from major industrial countries such as Turkey, China and South Korea there are plenty of contracts and good partnerships being forged by British companies in the Iraq’s Kurdistan […]
Shares in Genel Energy were down 3 percent on Wednesday morning following the company's trading and operations update in advance of the its full-year 2014 results, which are scheduled for release on 5 March 2015. The information contained herein has not been audited and may be subject to further review: HIGHLIGHTS A combination of low […]
By John Lee. Iraqi Oil Minister Adel Abdul Mahdi told a conference in Kuwait on Wednesday that oil prices are unlikely to fall further, following the drop of nearly 60 percent since June: "Our estimate is that the prices (of oil) have reached the bottom. It is very difficult to drop lower than this ... […]
By John Lee. Turkey is to send a power-generation ship to Basra to help alleviate its electricity shortages. The announcement was made by Turkish Energy Minister, Taner Yildiz, on Sunday during the 17th Turkey-Iraq Joint Economic Commission meeting in Baghdad. According to Worldbulletin, the ship will add 410 megawatts to the existing capacity of 250 MW […]
The United Nations human rights office today confirmed that the Islamic State of Iraq and the Levant (ISIL) has established unlawful, so-called ‘shari’a courts’ in the territory under its control that have been carrying out cruel and inhuman punishments against men, women and children. Those who are punished are accused of ‘violating the group’s extremist […]
Kurdistan Region Prime Minister, Nechirvan Barzani, yesterday received in Erbil Archbishop Giorgio Lingua, Apostolic Nuncio in Iraq and his accompanying delegation. Archbishop Giorgio Lingua said that the Vatican follows the situation in the Kurdistan Region very closely. He conveyed Vatican’s gratitude to the Kurdistan Region for sheltering and assisting the internally displaced persons and refugees, […]
By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari, received the Executive Director of UNICEF, Mr. Anthony Lake, and the accompanying delegation on Tuesday. They reviewed the work of the organization and services to care for children of the world and Iraq. Dr. Jaafari said that the world today is witnessing the dire reality in the […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Wednesday. A total of $123,867,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
