By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Monday. A total of $187,306,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Minister for the Middle East Tobias Ellwood (pictured) visited Iraq with the Secretary of State for International Development, Justine Greening, and the Government’s Security Envoy to the Kurdistan Region of Iraq, Lieutenant General Sir Simon Mayall, to promote political unity in the country and to urge the immediate formation of a representative government. The delegation […]
A comprehensive count carried out jointly by the Kurdistan Regional Government (KRG) and the United Nations indicates that some 850,000 Iraqis have been displaced and sought refuge in all three Kurdistan Region governorates since January 2014. According to the Kurdish Ministry of Planning and the International Organisation for Migration (IOM) the vast majority of the […]
By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of Yazidi families currently face a dire humanitarian situation. They have been scattered in refugee camps, while the fate of hundreds of Yazidi girls who were kidnapped by the Islamic State (IS) remains unknown. […]
The Minister of Foreign Affairs, Hoshyar Zebari, recently received Vladimir McKay, Minister of Foreign Affairs of the Republic of Belarus, at the headquarters of the Ministry of Foreign Affairs. During the meeting, they discussed bilateral relations between the two countries and the importance of expanding the horizons of cooperation in all fields in the forefront […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st August 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,523 (+4.9%)/ $1,631 (5.3%) (weekly change) (-18.4% and -17.9% YTD change, respectively). The number of week traded shares […]
By John Lee. In its half-yearly results, Premier Oil gave the following update on its operations in Iraq: "In Iraq, work continues onshore Block 12, in which Premier was awarded a non-operated 30 per cent interest in November 2012. Block 12 is an 8,000 square kilometre block in the foreland of the Zagros fold belt, […]
By John Lee. Talisman Energy has said that it still plans to sell its oil properties in Iraqi Kurdistan, despite the recent declaration that its Kurdamir Block was commerical. Reuters reports that the Calgary-based company plans to look for buyers for its Kurdistan assets as it continues restructuring to cut debt and boost its flagging […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Sunday. A total of $227,144,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. WesternZagros Resources and its co-venturer, Talisman, have submitted a Declaration of Commercial Discovery ("DoC") to the Kurdistan Regional Government ("KRG") for the oil and gas discovery in the Kurdamir Block. A phased development plan, outlining future production wells, facilities and supporting infrastructure, is under preparation for submission to the KRG. Simon Hatfield […]
The Chairman of the British-based AMAR International Charitable Foundation, Baroness (Emma) Nicholson of Winterbourne, met the man commanding Peshmerga forces in the Kurdish region of Iraq on Friday and was given a full briefing on the latest situation on the battle against ISIS. Baroness Nicholson has flown into Erbil to meet AMAR’s medical teams treating […]
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov, is seriously alarmed by reports regarding the inhuman conditions of the inhabitants of the northern town of Amerli, besieged and cut off from food and water supplies by the Islamic State of Iraq and the Levant (ISIL) armed group for almost […]
