By John Lee. An Iraqi court sentenced former Sunni MP Ahmed al-Alwani to death for the murder of two soldiers, according to a report from AFP. The verdict could damage Baghdad's ties with his powerful Sunni tribe, which is currently fighting against the Islamic State (IS, ISIS, ISIL) in the Ramadi area of Anbar. Al-Alwani […]
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 $187,705,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Alexander Dodds, executive vice president of exploration and production at Hungary-based MOL Group, talks about finding the balance between high risk exploration and declining oil production. Dodds says Kurdistan is the most important region […]
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has said that oil from the Kirkuk oil fields is now being pumped through the oil pipes and infrastructure built by the Kurdistan Regional Government (KRG). The Minister said: "150,000 oil barrels that include some oil produced from Kirkuk oil fields have […]
By John Lee. Turkey and Iraq have agreed to closer cooperation in their fight against the Islamic State (ISIS, ISIL, IS). During Turkish Prime Minister Ahmet Davutoğlu’s visit to Baghdad, he and his Iraqi counterpart Haider al-Abadi said they were confident of improving relations between the countries and making them even stronger than before. "We […]
The first flight in a new UNHCR airlift aimed at providing winter aid to Iraqis displaced by conflict this year has landed in northern Iraq's Kurdistan region. The first of seven planned flights from Pakistan touched down at Erbil International Airport at 2345 local time (2045 GMT) on Thursday, carrying 3,600 tent insulation kits. The […]
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. Iraq's Displaced Christians Seek New Identities in Baghdad Many members of Iraq’s Christian minority who fled Mosul have more to worry about than just finding a roof to put over […]
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. Profiling Mosul’s Extremist Celebrity: The Minister of Education, The Man With Two Horns Since getting the job of reforming the education system, the Egyptian extremist who carries a German passport […]
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. A Bigger Threat Than The Extremists: Iraq On Verge Of Economic Collapse? The high cost of fighting the extremist Islamic State group, the worldwide decrease in oil prices, corruption and […]
By John Lee. It will take an estimated three months to restart the giant Baiji refinery, after government troops re-took the facility from Islamic State fighters earlier this week. Bloomberg quotes an engineer at the plant as saying that workers have fled to other provinces, refinery units need maintenance, and militants still control part of the […]
As Iraq struggles to deal with the increasing security threat of the Islamic State of Iraq and the Levant (ISIL) as well as with dire financial and humanitarian conditions, the United Nations envoy to the country has cited an inclusive political process as vital to finding comprehensive solutions. In an interview with UN Radio, Nickolay […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly pumped 25 million barrels of crude oil through its independent oil pipeline to the Turkish port of Ceyhan. Turkish Energy Minister Taner Yildiz (pictured) said on Thursday that the oil was shipped from the port in 35 separate cargoes. (Source: Reuters)
