By John Lee. The Central Bank of Iraq (CBI) has reported that 40 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $159,615,853 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 April of 97,574,813 barrels, giving an average for the month of 3.252 million barrels per day (bpd), slightly less than the 3.259 bpd exported in March. Exports from the southern terminals totalled 96,900,433 barrels, with 674,380 barrels exported from Kirkuk. Revenues for the month were $4,612,815,000, […]
Iraqi officials report that Mosul Dam now stable; experts continue to question its stability After six months of intensified repairs, Iraqi officials claim the massive Mosul Dam has been saved from impending disaster. But experts say it will always be at risk of collapse and will need constant maintenance. In a statement on May 5, […]
By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan, or the Kurdistan Region, is the autonomous region in the north of Iraq. Its economy is mainly powered by oil, and to a lesser extent other industries. Its capital city is […]
Japan contributes additional US$16.7 million to stabilization and resilience in Iraq The Government of Japan has contributed an additional US$16.7 million to UNDP’s Funding Facility for Stabilization (FFS) and Iraq Crisis Response and Resilience Programme (ICRRP) to promote stabilization, recovery, and resilience-building in areas liberated from the Islamic State of Iraq and the Levant (ISIL), […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 29 strikes consisting of 76 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, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 11 remittance companies took part in its currency auction on Monday. A total of $151,169,106 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In the northern Iraqi city of Halabja a unique new weekly market showcases handmade goods produced by the province’s women. It’s doing so well, it may become a permanent fixture. […]
By John Lee. At a time when the government is strapped for cash and looking to the private sector to create jobs, Iraq's young, tech-savvy entrepreneurs are finding business opportunities in mobile apps. So says a report from Associated Press, which list examples including: Wajbety ("My Meal"): a popular food ordering and delivery app based […]
Working closely with other humanitarian organisations and government counter parts is at the core of Logistics Cluster activities in Iraq. The team has recently joined forces with the German Government civil protection organisation Technische Hilfswerk (THW), which works closely with the Kurdistan Regional Government (KRG) to support capacity building efforts. As part of these activities, […]
UNESCO Director-General welcomes the liberation of Hatra and will send Emergency Assessment mission “as soon as possible” Following several reports and discussions with the Iraqi authorities, UNESCO has confirmed the liberation of the archeological site of Hatra, located in the Governorate of Nineveh in Iraq. The Director-General of UNESCO, Irina Bokova, has reiterated her support […]
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 […]
