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 […]
Iraq receives first $634m Payment from IMF
By John Lee. The Iraqi government has reportedly received the first installment of the $5.3-billion dollar loan recently approved by the International Monetary Fund (IMF). A senior Iraqi official told Anadolu Agency: "The Iraqi government received Tuesday the first $634 million installment. "The first installment will be allocated to the ... relief of the displaced, […]
Is Kirkuk on Verge of becoming an Independent Region?
By Omar Sattar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The status of Kirkuk province, which is disputed by Arabs, Turkmens and Kurds, returned to the forefront after the Iraqi presidency announced a proposal June 18 to make Kirkuk an independent region. The plan […]
Iraqi Pre-Islamic Landmark threatening to Collapse
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Taq Kasra, some 40 kilometers (25 miles) south of Baghdad, is different from many other sites and monuments that date to the pre-Islamic era in Iraq. Unlike them, Taq Kasra has a place […]
Iraq Oil Economy Grows, Non-Oil Shrinks
By John Lee. The Iraq Mission Chief for the International Monetary Fund (IMF) has said Iraq's oil sector grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016. This contrasts with the fortunes of the non-oil economy, which contracted by 19 percent in 2015 and is […]
Japan gives $7m to UNICEF for Humanitarian Aid in Iraq
The crisis in Iraq has continued for over two years, and with no end in sight and over 3.3 million people internally displaced, humanitarian assistance to Iraqi children is more crucial than ever. In this environment of increased need and reduced resources, the Government of Japan has offered critical assistance to UNICEF in the form […]
In Iraq, Teenagers who Dress Differently have Much to Fear
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. Several years ago, Iraq’s so-called “emos” – young men who dressed differently – were attacked openly for looking strange in a conservative culture. Now that their attackers are otherwise occupied, […]
Baghdad Bombing ignites Demand for Better Security
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Baghdad's residents are demanding beefed-up security measures and an international investigation into the gruesome July 3 bombing that rocked Baghdad's busy Karrada district, killing almost 300 people and injuring 200 more. The death toll […]