Currency Auction Results, 9th Nov
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $146,910,320 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Video: Oud Sales Decline due to Turmoil in Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's political and economic crises are taking a toll on sales of one of the most important musical instruments of the Arab world, Oud. The Oud dates back at least several thousand years. […]
Video: Iraq's Devout Food Delivery Army
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, scores of Shiite volunteers devote themselves to bringing food and support to the fighters battling the jihadists of the Islamic State group on Mosul's southern front.
Int'l Firms Needed for Seawater Injection Project
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has directed the South Oil Company (SOC) to invite international companies to execute the sea water desalination project in southern Iraq. The Common Seawater Supply Facility (CSSF) is considered vital to maintain the production volumes at Iraq's oil fields. It is to be implemented in […]
Kurdistan Oil & Gas Leaders to Meet in London
Kurdistan’s Oil & Gas Leaders to Hold Official Annual Meeting in London The Ministry of Natural Resources of the Kurdistan Regional Government, Iraq is to hold the sixth official Kurdistan-Iraq Oil & Gas Conference in London, on 5-7 December 2016 to drive forward the oil and gas development in the Region of Kurdistan. Energy events […]
Instability hits Gauloises and Gitanes Sales
By John Lee. Imperial Brands, formerly Imperial Tobacco Group, stated on Tuesday that “continued instability in [Iraq and Syria] held back trading particularly in Gauloises and Gitanes in the first half." (Source: Imperial Tobacco)
Video: Iraq Forces retake key town near Mosul
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces retake a key town from the Islamic State group, a crucial objective on the southern front of the offensive to wrest back the city of Mosul:
Video: Thousands of Famillies Flee outskirts of Mosul
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands of civilians flee their homes as military operations to retake the city of Mosul and outskirts from IS jihadists intensifies.
Bronze Age City discovered in Northern Iraq
Archeologists from the Institute for Ancient Near Eastern Studies (IANES) at the University of Tübingen in Germany have uncovered a large Bronze Age city not far from the town of Dohuk in northern Iraq. The excavation work has demonstrated that the settlement, which is now home to the small Kurdish village of Bassetki in the […]
WHO establishes Rapid Response Teams for Mosul IDPs
WHO establishes rapid response teams to safeguard the health of newly displaced people from Mosul In light of increasing risks of disease epidemics and life-threatening health conditions among displaced populations from Mosul, the World Health Organization (WHO) has established 82 rapid response teams to provide life-saving health services and respond to public health threats. A […]
Military Strikes Continue Against ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq on Sunday, 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 Attack and remotely piloted aircraft […]
Currency Auction Results, 8th Nov
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 15 remittance companies took part in its currency auction on Tuesday. A total of $147,578,051 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)