As fighting continues in west Mosul, humanitarian partners continue to respond to rising displacement and provide basic assistance to families in newly accessible areas, where conditions allow. Where access inside west Mosul city allows humanitarian partners to reach civilians, displaced families are provided with ready-to-eat food rations. Resident or returning families in the area are […]
The Government of Turkey has contributed US$750,000 to the UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). Based on priorities identified by the Government of Iraq and local authorities, FFS helps quickly repair public infrastructure, provides grants to small businesses, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 37 banks and 11 remittance companies took part in its currency auction on Wednesday. A total of $150,265,363 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Basra oil terminal, which was damaged by a tanker collision last month, is reported to have been successfully repaired on Sunday. Officials at the South Oil Company (SOC) told Reuters that a one-million-barrel tanker was loading light crude at the terminal on Monday. Total crude oil exports had not been affected by […]
It's been six months since the offensive on IS in Mosul and it's believed up to 400 hundred thousand people remain trapped in the city with limited access to essentials such as food, water and medicines. For those who manage to get out, refugee camps set up near the besieged city are also struggling to […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 23 strikes consisting of 75 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It has been six months since Iraqi forces launched an offensive to retake the city of Mosul from the Islamic State of Iraq and the Levant (ISIL). The army is surrounding the old […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 37 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $150,105,797 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. P C A General Trading LLC has won tender to supply rangefinders, binoculars, digital cameras and GPS to the United Nations Office for Project Services (UNOPS) in Erbil. The contract is valued at $34,740. (Source: UNGM)
The US State Department has approved a possible Foreign Military Sale to the Republic of Iraq for pilot and maintenance training, contractor logistical support (CLS) for trainer aircraft, and base support. The estimated cost is $1.06 billion. The Defense Security Cooperation Agency (DSCA) delivered the required certification notifying Congress of this possible sale on April […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded a contract to Sohouh al-Tashyeed (SATEC) for the renovation of the Independent Human Rights Commission in Kurdistan (IHRC-KRG) Sub Office Building in Erbil. The contract is valued at $48,260. (Source: UNGM)
