By John Lee. Iraq has reportedly donated $28 million to the Arab League (pictured) as part of its contribution to support the Palestinian Authority. According to Maan News Agency, Iraq's representative to the Arab League, Diya al-Dabbas, said that the payment highlights Iraq's commitment to the Palestinian cause. (Source: Maan News Agency)
Kurdistan Regional Government Prime Minister, Nechirvan Barzani, yesterday received the British Government's Security Envoy to Kurdistan Region, Lieutenant General Sir Simon Mayall, and his accompanying delegation, which included the British Consul to Kurdistan Region, Angus McKee and a number of British military officers. Lieutenant General Mayall said that the aim of his is to acquire […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 21 banks took part in its currency auction on Thursday. A total of $242,258,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. As part of its Drilling and Production Update this morning, Dragon Oil made the following statement about its operations in Iraq: In December 2014, the consortium of Dragon Oil (30%) and Kuwait Energy (70% and operator) reported their second oil reservoir discovery at Block 9 in Iraq. The successful discovery was at […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced that ARCHS is to join as a new member. ARCHS was established in Baghdad in 1950 by Mr Ali Charchafchi and has offices in Iraq, Jordan, UAE and UK. The company has grown substantially during the last decades and provides construction services in the […]
Minister Falah Mustafa, Head of the KRG foreign relations and his accompanying delegation visited the Swedish Section of the Amnesty International to discuss human rights violations committed by the terrorists of the Islamic State of Iraq and al-Sahm (ISIS, ISIL, IS). Mr. Mustafa stressed, “At times where our voices were not heard, Amnesty International and […]
By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Next to a row of abandoned shops, three peshmerga fighters warm themselves around a campfire at the entrance to Sinjar town as their comrades, backed by US-led coalition airstrikes, battle Islamic […]
Kurdistan Regional Government’s Prime Minister, Nechirvan Barzani, yesterday received General John Allen, Special Envoy of President Obama for the Global Coalition to Counter the Islamic State terrorist organisation, ISIS, and his accompanying delegation, which included his deputy Brett McGurk, who is also the Deputy Assistant Secretary for Near Eastern Affairs, the US Ambassador to Iraq […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Wednesday. A total of $216,081,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has said that Egypt would like to purchase 4 million barrels of Iraqi oil per month, equivalent to about 130,000 bpd. The Minister, who is accompanying Prime Minister Haider al-Abadi on his visit to Egypt, added that talks on subject are still […]
By John Lee. Delivering the keynote speech to the Al-Kindi Society for Engineers forum -- The Role of Engineering during Iraq's Crisis -- in London at the weekend, Baroness Emma Nicholson of Winterbourne (pictured) emphasised that short term investment in Iraqi infrastructure was essential for the long term benefit of the country. Baroness Nicholson, who […]
At the end of a six-day visit to Iraq, the president of the International Committee of the Red Cross (ICRC) vowed to scale up assistance to displaced people and the communities hosting them. President Peter Maurer witnessed the difficult conditions endured by people as a result of ongoing fighting, long periods of displacement, loss of […]
