By John Lee. The Central Bank of Iraq (CBI) announced on Tuesday that it will block foreign currency transfers to Iraqi Kurdistan, and stop selling dollars to four major Kurdish banks. The decision part of an effort to put pressure on Iraqi Kurdistan after its population voted overwhelmingly in favour of breaking away from Iraq […]
Jalal Talabani who served as the president of Iraq between 2005 and 2014 and was the first Kurd to hold the post died at the age of 83 in a hospital in Germany on 3 October 2017. First appointed as the country's president during the Transitional Period in April 2005, he was re-elected twice, in […]
With some 8,500 people displaced over the past two weeks amid Iraq’s military operations to retake Anbar province, the United Nations migration agency announced today that it is stepping up provision of life-saving assistance. “People newly displaced from their homes often arrive dehydrated, suffering from hunger and thirst,” said Dr. Hamed Amro, in a news […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 14 strikes consisting of 14 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces seized a strategic jihadist-held area southeast of the Islamic State group's bastion of Hawija, a senior commander said.
By Saad Salloum for Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. The US State Department announced Sept. 10 that the United States would return the Iraqi Jewish archive to Iraq next year. The archive had been shipped to the United States […]
Iran’s Ministry of Roads and Urban Development warned companies against shipment of oil products to and from the Iraqi Kurdistan “until further notice”. The decision is in line with Tehran’s series of measures in response to a referendum held in the semi-autonomous region on possible secession from Iraq which has drawn international criticism. “Given the […]
From Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. Russian President Vladimir Putin had been banking on Iraqi Kurdistan Region President Massoud Barzani. Over the past year, Russia has invested over $4 billion in the Kurdistan Region’s energy sector, overtaking the United […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria over the weekend, conducting 69 strikes consisting of 88 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of the weekend's strikes, noting that assessments of results are based on initial reports. Sept. 30 […]
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In spite of the intense international focus, the Kurdish referendum was almost a non-event for the market during the month. Thoughts on the referendum’s […]
Iraqi Prime Minister Haider al-Abadi has hinted that his government wants to take control of revenue generated from Kurdish oil exports. The measure is the latest of a set of actions taken by Baghdad against the Kurdistan Region for carrying out last week's referendum that saw a 92-percent vote for independence, the first of which […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for September of 97,204,267 barrels, giving an average for the month of 3.240 million barrels per day (bpd), slightly more than the 3.216 bpd exported in August. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]
