New LinkedIn Group to Promote SMEs in Iraq
By Padraig O'Hannelly. A new LinkedIn group has been created to help promote new businesses in Iraq. The Iraqi Crowdsourcing Group is dedicated to Iraqi entrepreneurship, projects, business ideas, solutions to problems Iraqi startups face, and innovation to ensure that successful and efficient new businesses are created. It has been set up by Aziz Al […]
Iraqis Taking Ground from ISIL Around Mosul
As of Sunday, Iraqi forces have taken an estimated 800 square kilometers from the Islamic State of Iraq and the Levant in the battle for the city that began Oct. 17, U.S. officials told reporters today at a Pentagon briefing. Speaking on background, they said the battle to retake Mosul from ISIL has seen good […]
Coalition Strikes Hit ISIL Terrorists in Iraq, Syria
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria 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, bomber, fighter […]
Could Kurdish Independence lead to New Iraq War?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In 2014, following the withdrawal of Iraqi forces, Kurdish Peshmerga troops seized the oil-rich city of Kirkuk from the Islamic State of Iraq and the Levant (ISIL). Two years on and with a […]
Currency Auction Results, 24th Oct
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 $151,616,307 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
New Oil Development Opportunities in Iraq
By John Lee. Iraq's Ministry of Oil has requested proposals from international oil companies interestsed in developing a number of small- and medium-sized oil fields. The fields concerned are: Sindebad (Basra governorate); Umm Qasr [Um Qaser] (Basra governorate); Rachi (Basra governorate); Abu Khema (Basra governorate); Kumait (Missan governorate); Noor (Missan governorate); Umara (Missan governorate); Dema […]
Iraq Stock Market Gains 11% on Week
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th Oct 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ883 (+2.7%) / $875 (+11.3%) (weekly change) (-19.0% and -23.6% YTD change, respectively). The number of week traded […]
Iraq Resists Joining OPEC Production Cut
By John Lee. Reuters reports that oil prices came under pressure on Monday as Iraqi oil minister Jabar Ali al-Luaibi [Allibi] said Baghdad wants to be exempt from any production cut the Organization of the Petroleum Exporting Countries (OPEC) is aiming to achieve. Falah al-Amiri, head of the State Oil Marketing Organization (SOMO) added that […]
Iraq Bans Alcoholic Beverages
By John Lee. The Iraq Parliament has approved a law "forbidding the import, manufacture and sale of all kinds of alcohol drinks." Alcohol has been made readily available in shops, bars, restaurant and hotels in Baghdad and in some of the provinces of Iraq, and it was not unusual for young people in Baghdad to […]
Campaign to Immunize 5.8m Iraqi Children against Polio
Major campaign launched to immunize 5.8 million Iraqi children against polio Today, on World Polio Day the Ministry of Health with support from UNICEF and the World Health Organization (WHO) launched a weeklong nationwide campaign to immunize Iraq’s children against polio. Under the slogan “two drops can change a life,” the five-day campaign aims to […]
Military Strikes Target ISIL Terrorists in Iraq, Syria
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Saturday, 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, fighter and […]
Oil Fires Burn South of Mosul
Combined Joint Task Force – Inherent Resolve is assessing the potential risk to personnel at Camp Swift and Qayyarah West Airfield, located about 50 miles south of Mosul, as a result of nearby burning oil wells and a sulfur plant fire. The coalition has taken air samples and analysis is ongoing to determine what, if […]