By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Wednesday. A total of $238,219,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. KRG Prime Minister and President of the Economic Council, Nechirvan Barzan, conducted a meeting on Monday of the Economic Council of the Kurdistan Region. Import and export systems, customs pricing, and raising professional standards of staff at border crossings were reviewed. To enhance capacities of Kurdistan Region border staff, increased coordination with […]
From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Tony Hayward, the chief executive of Genel Energy (LON:GENL), insists Kurdistan, where Genel operates, is a ‘secure and stable’ place to do business despite the threat of terrorism in the region. Ex-BP CEO Hayward […]
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. The Iraqi army includes “ghost” soldiers, a purely Iraqi term used to describe members whose names are registered in the wages and salaries lists, but who are not actually present in […]
The atrocious crimes perpetrated by the Islamic State of Iraq and the Levant (ISIL) risk plunging Iraq into catastrophe as the country reels from bitter sectarian tensions and a growing humanitarian crisis affecting over 5 million people, top United Nations officials warned today, as they called on the international community to increase efforts in aiding […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Tuesday. A total of $192,979,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Oil Prices between Economic Realities and Geopolitical Motives By Ahmed Mousa Jiyad. From June to mid-November 2014, oil lost almost one-third its price. Much has been written about this dramatic decline and different thoughts were offered attempting to explain what has been behind such downward movement. This paper addresses firstly the recent price movement by […]
The US State Department has approved a possible Foreign Military Sale to Iraq with an estimated cost of $97 million (113 billion Iraqi dinars). The Government of Iraq has requested a possible sale of up to 2,000 Advanced Precision Kill Weapon Systems (APKWS), weapon and test support equipment, spare and repair parts, publications and technical documentation, […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Given the many official and unofficial holidays in Iraq, the country seems to be almost on permanent vacation throughout the year. Schools find themselves unable to complete their curricula, while economists warn against a recession […]
Wheat seeds, fertilizer and animal feed are starting to roll out to nearly 28,000 farming families in Iraq whose livelihoods have been left in tatters as a result of hostilities -- part of an effort from the UN's Food and Agriculture Organization (FAO) aimed at reinforcing food production and helping people recover. But the Organization […]
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. The most credible story available today about the Islamic State (IS) occupation of Mosul on June 9 reads that IS occupied Mosul several years before that date and has long ruled it as a state […]
The US State Department has approved a possible Foreign Military Sale to Iraq with an estimated cost of $600 million (720 billion Iraqi dinars). The Government of Iraq has requested a Foreign Military Sales Order II (FMSO II) to provide funds for blanket order requisitions, under a Cooperative Logistics Supply Agreement (CLSSA) for spare parts […]
