Currency Auction Results, 10th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $155,280,005 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Switzerland sells $98m Encrypted Telephones to Iraq
By John Lee. Switzerland last year authorised a $98-million order for the sale of encrypted telephones to Iraq, according to a report from Swissinfo. The devices, which could be used for both civilian or military purposes, were received by an Iraqi civilian government ministry. They can be disabled remotely if they fall into the wrong hands. […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th Jan 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1001 (+4.3%) / $992 (+4.7%) (weekly change) (+4.3% and +4.7% YTD change, respectively). The number of week traded […]
Iraqi Kurdistan Oil a Slippery Issue
By Ali Mamouri for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Iran and Turkey are trying to extend their economic influence over Iraqi Kurdistan oil, even as controversy flares over surreptitious deals between Kurdistan and Turkey. Iraqi Kurdistan has been shipping […]
Video: Turkey PM in Iraq to boost ties
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey's Prime Minister Binali Yildirim is in Iraq to bolster Ankara's role in the fight against ISIL. He has met his Iraqi counterpart Haider al-Abadi in Baghdad and is now in Erbil, where […]
Coalition Continues Strikes Against IS
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, 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 Attack, fighter and remotely piloted […]
Why is Baghdad removing checkpoints during security crisis?
By Omar Sattarfor Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Dec. 20, security authorities in the Iraqi capital, Baghdad, started removing concrete barriers and checkpoints that have been deployed across main and secondary streets since the launch of the […]
Iraqi Kurdistan: a Roman Amphitheatre to Enhance Local Culture
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 an estimated three months’ time the Iraqi Kurdish city of Sulaymaniyah will have its own version of Rome’s Colosseum. An arena for theatre and other kinds of entertainment that […]
UK Pharma Startup Exports Medicines to Iraq
By John Lee. CurePharma, a UK-based medicines and pharmaceuticals wholesaler and distributor, has exported the first consignment of British manufactured medicines to Iraq. The consignment of prescription and over-the-counter medicines, worth around £50,000 in current prescription and retail values, was sent to a large pharmaceutical distributor in Baghdad, from which it will be delivered to […]
Iraq Begins to cut Oil Production
By John Lee. Iraq has begun reducing its crude oil output from the start of the year, in line with its OPEC commitments. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] said in a statement on Thursday: "Iraq confirms its commitment to the decision of OPEC, which was taken during the last meeting in Vienna, by […]
Iraq to Receive $1bn Loan from US
By John Lee. The Iraqi government has signed a one-billion-dollar loan with the United States to "[assist] Iraq to achieve victory in its battle against IS, and to realize economic reform". Stephanie William, the U.S. Embassy's Chargé d'Affaires and Fadhil Nabi, the Iraqi Deputy Minister of Finance signed the agreement in Baghdad on Thursday. The […]
U.S. Airstrikes Weaken Al-Qaida, ISIL Terrorists
A series of precision U.S. airstrikes against al-Qaida operatives this week in northwestern Syria’s Idlib province killed more than 20 militants and destroyed eight vehicles and nine structures, Pentagon Press Secretary Peter Cook told reporters today. A U.S. strike on Jan. 1 hit two al-Qaida vehicles that had departed a large al-Qaida headquarters near Sarmada, […]