A UN report released Friday documents a litany of serious human rights violations committed by the Islamic State of Iraq and the Levant (ISIL) and associated armed groups between 5 June and 5 July, including some that may amount to war crimes and crimes against humanity. The report also documents violations committed by Iraqi security […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 8 banks took part in its currency auction on Monday. A total of $101,354,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Indian Shiites volunteer to go to Iraq to protect their shrines from ISIS. CNN's Sumnima Udas reports.
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th July 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,495 (-0.4%)/ $1,597 (-0.4%) (weekly change) (-19.8% and -19.6% YTD change, respectively). The number of week traded shares […]
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov, today met for more than two hours the Supreme Religious Authority in Najaf, Ayatollah Sayyed Ali al-Sistani (pictured). “I have delivered to His Eminence Grand Ayatollah Ali Al-Sistani a letter from the United Nations Secretary-General welcoming his support for the protection […]
After the reclusive leader of the Sunni Muslim extremist group that took over Mosul made an appearance at the city’s famous mosque, many of the extremists are boasting that Mosul is to be the capital of their new Islamic state. Evidence that they’re right comes in the form of “Islamic police” patrol cars taking locals […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The battle in Iraq against ISIS is creating some very strange alliances. CNN's Arwa Damon reports:
Gulf Keystone Petroleum (GKP) has announced that Todd Kozel has decided to stand down from the Board of Directors of the Company and not to accept the previously announced role of Executive Director upon retiring as Chief Executive Officer. As such, Mr Kozel declined to seek re-election to the Board at the company's Annual General […]
By John Lee. President Jalal Talabani returned to Iraq today for the first time since he suffered a stroke a year and a half ago. In the meantime he was receiving medical treatment in Germany. Although he is unlikely to take an active role in politics, Reuters reports that Talabani's return will help rally support […]
Former Vice President Dick Cheney blames the crisis in Iraq on President Obama and Iraq Prime Minister Nouri al-Maliki.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Deep divisions are hampering efforts to pick a new president, prime minister and speaker of the house, and the UN has warned of chaos if the political impasse continues. Prime Minister Nouri Al […]
Despite the often grim news coming from Iraq in recent weeks, many businesses are seizing the opportunity to go where others won't. In this week's newsletter, for example, we report on a new truck distribution deal in Iraqi Kurdistan, a Turkish company completing a storage tank project, and a Malaysian firm planning to break into […]
