Coalition Continues Strikes Against IS 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 Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and […]
Currency Auction Results, 5th Sept
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 15 remittance companies took part in its currency auction on Monday. A total of $127,474,300 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq, Kurdistan "Jointly Exporting Kirkuk Oil"
By John Lee. Trading sources have told Reuters that Baghdad's State Oil Marketing Organization (SOMO) and Kurdistan have resumed joint exports of crude oil from the giant Kirkuk oil field. The field normally delivers 150,000 barrels per day via the Turkish port of Ceyhan (pictured). Exports have been suspended since March in a dispute over […]
New US Ambassador to Baghdad
The U.S. Embassy in Iraq has announced the arrival of the Honorable Douglas A. Silliman as the new Ambassador Extraordinary and Plenipotentiary of the United States of America to the Republic of Iraq. Ambassador Silliman arrived in Iraq on September 1, 2016. He met with His Excellency Foreign Minister Ibrahim al-Jaafari and presented his credentials […]
KRG Minister concludes Official Visit to Korea
KRG Minister of Foreign Relations concluded a three-day visit to the Republic of Korea. The aim of the visit, which was upon the invitation of the Korean Ministry of Foreign Affairs, was to review the existing cooperation and exchange views on further broadening bilateral ties. In his visit to the Korean National Defense Ministry, Minister […]
Borsippa has its eye on World Heritage List
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. After Babylon, Borsippa has its eye on World Heritage List As preparations continue to have Babylon recognized by the UNESCO World Heritage List in 2017, the city of Borsippa, […]
Oil Exports from Southern Ports Rise
By John Lee. Iraq’s crude oil exports from its southern ports rose to 3.230 million bpd in August, compared with 3.202 million bpd in July, according to the Ministry of Oil. Revenues for the month hit $3.93 billion, giving an average selling price of $39.248 per barrel. (Source: Ministry of Oil)
Video: Cash Crisis in Iraq as Oil Prices Fall
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Falling oil prices over the past year has caused a cash crisis in oil producing countries, including Iraq. The fall in oil revenue has exacerbated a political disagreement between federal government leaders in […]
Nearly 700 Iraqis Killed in August
A total of 691 Iraqis were killed and another 1,016 were injured in acts of terrorism, violence and armed conflict in Iraq, excluding Anbar, in August 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in August was 473 (including 16 federal police, Sahwa […]
Coalition Strikes Target ISIL 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 yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and fighter […]
Civilian Policing Working Group meets Ministry of Interior
The United Nations Development Programme (UNDP) is assisting the Government of Iraq (GoI) in its efforts on Security Sector Reform (SSR) through a well-established partnership with the Office of the National Security Advisor (ONSA). On 29 August, UNDP and ONSA co-chaired the first meeting between the Ministry of Interior (MoI) and international partners within the […]
Currency Auction Results, 31st Aug
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 Wednesday. A total of $133,884,851 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)