Currency Auction Results, 25th Sept
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 15 remittance companies took part in its currency auction on Sunday. A total of $114,221,577 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Oil Companies trim Investments in Iraq
By John Lee. Major oil companies including BP, Shell and Lukoil are reported to be cutting investment in Iraq. “You’re going through difficult months,” said Ariel Flores, general manager of the BP-led Rumaila Operating Organization (ROO) told the Wall Street Journal. “You slow down and you make decisions to pause efforts.” Rumaila oil field now […]
Problems Threaten Postponement Of 2017 Elections
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. Political conflicts, war with extremists and millions of displaced: All these threaten to see Iraq’s next elections postponed, despite the fact that many say they will be the country’s most […]
Freelance Bomb Disposal a Lucrative New Business
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. The Iraqis Making Freelance Bomb Disposal Into A Lucrative New Business Locals are struggling to get rid of the explosive booby-traps the Islamic State left as they withdrew from Ramadi. […]
Decline of Higher Education in Iraq continues
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The University of Kufa (pictured) declared on its website Sept. 6 that it ranked 701st among the world’s best universities, according to QS World University Rankings. This is […]
Coalition "Has Momentum to End ISIL’s Hold"
The coalition against the Islamic State of Iraq and the Levant has the momentum to end the terror group’s hold in Iraq and Syria, the chairman of the Joint Chiefs of Staff told the Senate Armed Services Committee today. Marine Corps Gen. Joe Dunford also told the panel that he is worried about the joint […]
Iraq Targets 4.75-5m bpd Oil Output
By John Lee. Oil Minister Jabar Ali al-Luaibi (Allibi) said on Thursday that while Iraq will support a production ceiling next week at an informal meeting of oil producers in Algeria, it aims to defend its share of output of between 4.75 million and 5 million barrels of oil per day. Producers are expected to […]
Iraq’s Most Rebellious City on Verge of Economic Collapse?
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. Is Iraq’s Most Rebellious City on Verge of Economic Collapse? The people of the northern Iraqi city of Sulaymaniyah are proud of their culture and the way they can debate […]
Cafe Bombed because it Employs Women
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. Religious Extremists Bomb Cafes In Basra Because They Employ Women In Basra a series of cafes and venues have been bombed. Such a security breach is rare in this part […]
Counter-ISIL Strikes Target Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]
Video: Iraq Recaptures Shirqat from IS
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq announces that its forces have recaptured a northern town from the Islamic State group in an operation launched ahead of a push for the city of Mosul:
Currency Auction Results, 22nd Sept
By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 15 remittance companies took part in its currency auction on Thursday. A total of $131,105,098 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)