By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks took part in its currency auction on Monday. A total of $169,809,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The British Business Group Kurdistan (BBGK) held its launch reception on Wednesday 10th December in the fabulous setting of the Jaguar Land Rover Showroom in Erbil. The event was attended by business people, members of the diplomatic community and representatives from the Kurdistan Regional Government. The BBGK was recently established as it was felt there […]
Prime Minister Dr. Haider Al-Abadi and his accompanying delegation arrived in Abu Dhabi on Monday morning, and were welcomed at the presidential airport by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the head of the mission of honor Dr. Sultan […]
During a speech to an audience of top Washington scholars and officials at the Center from Strategic International Studies (CSIS), Kurdistan Regional Government (KRG) Deputy Prime Minister Qubad Talabani said, ‘Iraq can only be saved if Baghdad is willing to devolve some of its powers to regional authorities and be more inclusive of minorities.’ He […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fighters from the Islamic State of Iraq and the Levant (ISIL, ISIS, IS) have mounted two suicide car-bomb attacks aimed at security checkpoints at the main entrance into Haditha city. Al Jazeera's Jane […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Monday. A total of $188,991,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Roadside Bankers Profit From Extremists’ Mobile Phone Shutdown in Mosul It has been around two weeks since the extremists running Mosul decided to cut off mobile phone coverage in the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th December 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,373 (+0.2%)/ $1,489 (+0.2%) (weekly change) (-26.4% and -25.0% YTD change, respectively). The number of week traded shares […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Article 140: The Elephant At The Negotiating Table As Kurds and Iraqis Reach Oil Deal Over the past week or so, there have been many congratulatory articles written about the […]
By John Lee. The State Oil Marketing Organization (SOMO) has denied that it is waging a price war against other oil producers. The company recently slashed price to its Asian customers due to what it described as "changes in the market" but has denied that this was an attempt to undercut other members of the […]
By John Lee. The upstream international vice-president of Malaysia's Petronas, Sharbini Suhaili, has reportedly said that Petronas was the largest international oil company in Iraq, and that the assets returns were promising despite numerous challenges. "There are always challenges. "We can make it work and we are working well with our partners." (Source: AsiaOne) (Picture: Halfaya […]
By John Lee. Iraq's Finance Minister, Hoshyar Zebari (pictured), has told Reuters that he is trying to postpone the final $4.6 billion installment of reparations for its 1990-91 occupation of Kuwait. To fund its reparations commitments, Iraq pays 5 percent of its crude oil exports to the U.N. Compensation Commission (UNCC). So far, nearly all […]
