The United Nations is calling for US$173.1 million to address the immediate needs of 1.26 million people across Iraq in need of assistance over winter. “More resources are urgently needed,” Jacqueline Badcock, the UN Humanitarian Coordinator in Iraq, said. “Winter is here and in many parts of the country displaced populations are already being hit […]
The British Prime Minister’s Special Representative on Preventing Sexual Violence in Conflict, William Hague (pictured), met Gordon Campbell, the Canadian High Commissioner to the UK, to discuss the use of sexual violence by ISIL in Iraq. Recent reports from the United Nations and human rights NGOs point to the systematic use of sexual violence by […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Oct. 18, a delegation from the local government in Anbar province went to the Shiite province of Najaf to visit cleric Muqtada al-Sadr, under a media blackout. The Shiite cleric did […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Thursday. A total of $175,643,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Padraig O'Hannelly. Yesterday in London, the Iraq Britain Business Council (IBBC) held its annual conference, this year under the banner: "Iraq -- Accentuating the Positive". And in contrast to the prevailing media depiction of Iraq, the tone was indeed very positive, with a full house of senior executives, diplomats and public officials sharing their […]
By John Lee. International oil companies (IOCs) in southern Iraq are seeking to push ahead with their own water injection facilities to meet production targets, according to a report from Platts. Malaysia's Petronas, operator of the Gharraf [Garraf] oil field, is the latest to ask the Ministry of Oil for permission to build a standalone […]
The successful completion of the project “Enhancing investments to Iraq through industrial zone development”, implemented by the United Nations Industrial Development Organization (UNIDO), was marked at an event in Amman today. Funded by the Government of Italy, the project assisted the Government of Iraq in developing industrial zones that provide a favourable business environment for […]
By John Lee. In its third-quarter results on Tuesday, Talisman Energy gave the following update on its operations in Iraq: In the Topkhana Block, the extensive well testing of the T-2 well has been completed. The results were consistent with the results of the long-term K-2 well test, in terms of fluid rates and composition, […]
By John Lee. The Iraqi Finance Ministry has announced that the World Bank plans to send a high-level delegation to Baghdad in the near future. NINA that the Finance Minister, Hoshyar Zebari, met with the World Bank's representative in Iraq, Robert Boujoda, to discuss cooperation between the government and the World Bank. Tthey also reviewed […]
By John Lee. Iraq's exports of 76.282 million barrels of crude oil in October brought in $6.241 billion [7.3 trillion Iraqi dinars] in revenues, according to the Iraqi Oil Ministry. AIN reports that Iraq averaged exports of 2.461 million bpd for the month at an average selling price of $81.82 dollars a barrel. These exports […]
By John Lee. Iraq has risen two places in the Legatum Institute's latest Prosperity Index, ranking in 128th place out of the 142 countries measured. The index ranks countries in eight categories including economic success, opportunity, health, and personal freedom. Norway finishes highest on the annual Prosperity Index for the sixth year in a row […]
The future of Iraq hinges on the education of its youth and the preservation of its cultural heritage, the head of the United Nations Educational, Scientific and Cultural Organization (UNESCO) affirmed during an official trip to the war-torn Middle Eastern country. “Education is a human rights imperative for you and for all Iraq – it […]
