Coalition Continue 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 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 Bomber, attack, ground-attack, […]
Currency Auction Results, 19th July
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $146,727,081 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Midyear Review of Iraqi Upstream Petroleum Sector
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Midyear Review of the Iraqi Upstream Petroleum Sector 2016 has been, financially as in any other aspects, so far very difficult and the fiscal difficulties are likely to persist during the second […]
DSI Wins $61m Zubair Project
Dubai-based Drake & Scull International PJSC (DSI) has announced that it has been awarded a AED 226 million ($61 million) engineering, procurement and construction (EPC) contract for the construction of a water injection network installation project at the Zubair oil field in Basra, Iraq by ENI Iraq B.V. (EIBV) a subsidiary of the Italian oil […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th July 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ774 (+2.0%) / $782 (+1.2%) (weekly change) (-39.0% and -31.8% YTD change, respectively). The number of week traded […]
UN adds Iraqi Sites to World Heritage List
By John Lee. The World Heritage Committee of the UN Educational, Scientific and Cultural Organization (UNESCO) has added The Ahwar of Southern Iraq to its World Heritage List. The Ahwar of Southern Iraq: Refuge of Biodiversity and the Relict Landscape of the Mesopotamian Cities is made up of seven sites: three archaeological sites and four […]
Video: Thousands defy Ban to Protest Corruption
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands of Iraqis have defied a protest ban and rallied in the heart of the capital, Baghdad, to demand an end to sectarianism and corruption. Al Jazeera's Natasha Ghoneim reports.
KRG PM Condemns Attempted Turkish Coup
Kurdistan Regional Government Prime Minister Nechirvan Barzani released a statement on Saturday regarding the failed military coup in Turkey. Prime Minister Barzani congratulated the people, President and Prime Minister of Turkey after the will of people defeated the coup d'etat planners. Below is Prime Minister Barzani's statement: "We are pleased to see the triumph of […]
Inherent Resolve Strikes Target 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 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 Bomber, attack, fighter […]
KRG, Austrian FMs discuss Security
Head of KRG Foreign Relations, Minister Falah Mustafa, on Friday received Austria’s Minister for Foreign Affairs, Sebastian Kurz in his second visit to Kurdistan to discuss strengthening of bilateral relations as well as recent developments. Both Ministers expressed delight at the level of bilateral cooperation between both governments and expressed their commitment to broaden their […]
Currency Auction Results, 17th July
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 16 remittance companies took part in its currency auction on Sunday. A total of $134,652,143 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Spurring Private Sector Growth in Iraq
By John Lee. The Iraq Mission Chief for the International Monetary Fund (IMF) has said that the staff-monitored program that started in November 2015 is designed with a focus on four key elements: reducing budget spending and restoring public finances to a healthy state and stabilize debt; protecting spending on the social front to ease […]