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. It was a strange way for the Basra orthopaedic doctor to find out he was dead. “One of my patients came to see me for a routine check-up, something he […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 32 strikes consisting of 80 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 […]
The US State Department has approved a possible Foreign Military Sale to the Republic of Iraq for equipment for two Peshmerga infantry brigades and two support artillery battalions. The estimated cost is $295.6 million. The Defense Security Cooperation Agency (DSCA) delivered the required certification notifying Congress of this possible sale on April 18, 2017. The […]
By John Lee. Iraq's Minister of Foreign Affairs, Dr Ibrahim Al-Jaafari, has received a copy of the credentials of the new Iranian Ambassador to Baghdad, Iraj Masjedi. The new Ambassador described the two countries as "friends and brothers", adding, “we should do our best to improve ties between the two countries.” "Iran wants an advanced, […]
Iraqi security forces are close to recapturing western Mosul from the Islamic State of Iraq and Syria, the Operation Inherent Resolve ground forces commander said today. The Iraqi forces, with coalition support, are making significant progress every day in the increasingly tough fight for Iraq's second-largest city, Army Maj. Gen. Joseph M. Martin told Pentagon […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 33 strikes consisting of 124 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 37 banks and 11 remittance companies took part in its currency auction on Thursday. A total of $168,067,601 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The State Company for Glass and Refractories Industry (SCG&R) [State Company for Glass and Ceramic Industries (SCGCI)], part of Iraq's Ministry of Industry and Minerals (MIM), has announced an investment opportunity, sharing in management and production, according to investment Iraqi Law (No.22 of 1997 article 15 /III ) to moderate, increasing capacities, and improve quality for […]
By John Lee. The International Monetary Fund (IMF) has revised down its forecast GDP growth for Iraq from 0.5 per cent to a contraction of 3.1 per cent this year, due to the oil production cuts agreed within OPEC. Forecasts for 2018 and 2019 are 2.6 percent and 1.6 percent growth respectively. Consumer price inflation […]
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)
