Video: Iraq’s Displaced Children deprived of Education
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. More than a million people could be affected by an upcoming offensive against ISIL, the UN has warned. The country now faces one of the world’s largest number of displaced people at more […]
Currency Auction Results, 6th Sept
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 Monday. A total of $135,228,418 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Oil Fires put out at Qayara, some still Burning
By John Lee. Iraq has reportedly put out fires at six more oil wells in the Qayara region, which Iraqi forces recaptured from the Islamic State group (Daesh, IS, ISIS, ISIL) last month. But Reuters quotes the Iraqi oil ministry as saying on Tuesday that at least three fires are still blazing. The wells had […]
Ideal Payments Launches Mobile App in Iraq
Banking Technology reports that Ideal Payments has teamed with Taif Money Transfer to launch Iraq’s “first” mobile payments app – Taif eWallet. The platform aims to create a “holistic payments ecosystem” used by multiple agents in the economy including retail merchants, ecommerce platforms, private companies, and government institutions. Ideal Payments’ local partner, Taif Money Transfer, […]
New French Consul General begins Mission in Kurdistan
Mr. Dominique Mas, the new Consul General of the Republic of France to the Kurdistan Region, was received today by the Head of the Department of Foreign Relations, Minister Falah Mustafa. Minister Bakir congratulated Mr. Mas and assured him that the Kurdistan Regional Government (KRG) stands ready to extend to him all the necessary support […]
Military Strikes Continue Against ISIL 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 Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter […]
Why did Iraq ask Riyadh to change its Ambassador?
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. A new crisis between Iraq and Saudi Arabia has emerged over Riyadh's ambassador to Baghdad Thamer al-Sabhan amid calls by the Iraqi Ministry of Foreign Affairs (pictured) to replace […]
KNOC drops Sangaw South Project
By John Lee. The Korea National Oil Corporation (KNOC) is to withdraw from the Sangaw South oil field project in Iraqi Kurdistan. A spokesman for the company told Reuters that exploration results were "uneconomic." A Korean consortium headed by KNOC holds 60 percent of the project, with half of that owned by KNOC. KNOC has […]
KRG Announces Reduced Oil Production in August
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for August 2016. During the month it exported 412k bpd from the Turkish port of Ceyhan, down from the previous month’s figure, at an average price of $32.44 per barrel, bringing in revenue of $414 million. Please click here to view or […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st Sept 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ740 (-1.1%) / $745 (-1.1%) (weekly change) (-32.1% and -35.0% YTD change, respectively). The number of week traded […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Multimedia Assistant, United Nations Development Programme (UNDP) Forensic Archaeologist, International Commission on Missing Persons (ICMP) Partnership Development Coordinator, GOAL (Source: UN)
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Website Development and Database Management, United Nations Development Programme (UNDP) Monitoring and Evaluation (M&E) Specialist, United Nations Development Programme (UNDP) International Consultant as Gender Expert for the Disaster Risk Reduction and Environment Project, United Nations Development Programme (UNDP) Communications Officer (National Position), Norwegian […]