By John Lee. Cross-border trade has increased 20 percent in the first three months of this year after authorities installed automatic electronic system in the main border stations in January. The manager of the Kurdistan Region Customs Service told Rudaw: “The automation process has had an immediate and relatively large impact on the overall revenues […]
By John Lee. AINA reports that a large convoy of Iraqi Popular Mobilization Units (PMU) has been seen moving towards the Iraqi-Saudi border. This comes following increasing tensions between Saudi Arabia and Qatar; the Iraqi government has expressed support for Qatar in its conflict with Saudi Arabia. (Source: AINA)
Marking a key milestone in Fallujah’s recovery, the Government of Iraq and UNDP’s Funding Facility for Stabilization (FFS) re-opened Al Azrakiyah Water Treatment Plant, which provides safe water to more than 60% of the city. The rehabilitation of the plant was one of the key projects requested by the Anbar Command Cell, which is responsible […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 40 strikes consisting of 60 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria In […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 10 remittance companies took part in its currency auction on Wednesday. A total of $152,560,881 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for May of 101,134,586 barrels, giving an average for the month of 3.262 million barrels per day (bpd), slightly more than the 3.252 bpd exported in April. Exports from the southern terminals totalled 100,445,000 barrels, with 679,580 barrels exported from Kirkuk. Revenues for the month were […]
IMF Team Reaches Staff-Level Agreement on Second Review of Stand-By Arrangement with Iraq The Iraqi authorities and an International Monetary Fund (IMF) team reached a staff-level agreement on the second review of the Stand-By Arrangement (SBA) that was approved by the IMF Executive Board on July 7, 2016 (See Press Release No. 16/321). The SBA […]
Tony Hayward (pictured), Chairman of Genel Energy, has given an update on the business at the Company's Annual General Meeting this morning: Genel has a clear strategic focus - maximising the generation of free cash flow from our oil assets, accelerating the recovery of the receivable for unpaid oil sales, and crystallising value from the […]
Some 100,000 children remain in extremely dangerous conditions in western sections of Iraq’s Mosul city as fighting between Government and terrorist forces continues, the United Nations children’s agency today reported, warning that “children’s lives are on the line.” “We are receiving alarming reports of civilians including several children being killed in west Mosul,” said Peter […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, conducting 23 strikes consisting of 70 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria In […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 9 remittance companies took part in its currency auction on Tuesday. A total of $159,467,043 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Genel Energy has announced that Nathaniel Rothschild and Simon Lockett have resigned from the Board. Accordingly, they will no longer stand for re-election at the Annual General Meeting of Genel Energy on 6 June 2017. Rothschild, along with form BP boss Tony Hayward, created the company in 2011 when their investment company […]
