KRG, Russia discuss Cooperation in Energy Field
On the sidelines of the SPIEF'16 - St. Petersburg International Economic Forum, Kurdistan Region Prime Minister Nechirvan Barzani and his delegation met Mr. Alexander Novak, Russian Minister of Energy. Minister Novka welcomed the participation of Prime Minister Barzani and his delegation at St. Petersburg International Economic Forum, stressing the need to further develop the old […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th June 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ670 (-2.5%) / $680 (-2.1%) (weekly change) (-38.5% and -40.7% YTD change, respectively). The number of week traded […]
Video: Fallujah Civilians Suffer as Iraq retakes Govt HQ
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces say they have retaken a key government compound in the centre of the city of Fallujah from the Islamic State of Iraq and the Levant (ISIL). The minister of defence says […]
More Strikes 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 Saturrday, 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 […]
Currency Auction Results, 19th June
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 17 remittance companies took part in its currency auction on Sunday. A total of $135,480,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Lukoil plans to offset Iraq costs in August
By John Lee. Russia’s Lukoil plans to offset the costs on Iraqi fields in August, company President Vagit Alekperov (pictured) told TASS on Friday. He added that Iraq is ready to start negotiations to improved contract terms. (Source: TASS)
Iraq to sue Israel for Destroying Nuclear Reactor
By John Lee. The first deputy speaker of the Iraqi parliament has reportedly said that Iraq plans to sue Israel for monetary compensation for bombing the Osirak nuclear reactor in Baghdad in 1981. Homam Hamoudi called on the UN to implement Security Council Resolution 487 from 1981 which gives Iraq the right to ask for […]
The 200-Yr-Old Iraqi Market for Alternative Medicine
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. Abu Al Hawa market in Kut has been selling alternative remedies for around two centuries now. But as one historian points out, the place is about more than just self-medication. […]
Ramadi’s Multi-Billion Reconstruction running into Trouble
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. As the clean up in Ramadi continues, locals and officials are applying for reconstruction aid. But there are problems already, with calls of foul and favouritism and a lack of […]
Tatneft interested in Projects in Iraq
By John Lee. The chief executive of Russia's Tatneft has said the company is interested in projects in Iran and Iraq. Nail Maganov (pictured) was speaking to Reuters on Friday on the sidelines of the St Petersburg International Economic Forum (SPIEF). (Source: Reuters)
Bomb Detector Conman ordered to pay back £8m
By John Lee. A British conman who sold fake bomb detectors to Iraq and other countries has been ordered to pay back nearly £8 million of his ill gotten gains, according to a report from the Daily Mail. James McCormick, who lived a life of luxury by ripping off customers, was jailed for 10 years […]
Iraqi Airways Still Banned from EU
By John Lee. The European Commission has updated the EU Air Safety List, the list of airlines that do not meet international safety standards, and are therefore subject to an operating ban or operational restrictions within the European Union. Among the airlines still banned from EU skies are Iraqi Airways, due to safety concerns. EU […]