Military Strikes Continue Against 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 on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber, attack, […]
Currency Auction Results, 5th June
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 17 remittance companies took part in its currency auction on Sunday. A total of $124,539,297 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Packers Plus Completes first Well in Kurdistan
Packers Plus Energy Services Inc. has announced that it recently installed and stimulated an open hole completion system in the Kurdistan region of Northern Iraq. This is the first well in Northern Iraqi fields for Packers Plus, using its StackFRAC HD system. The open hole method has proven successful against a number of other completion […]
US helps Iraq Improve Management of Public Funds
United States and Government of Iraq Work in Partnership to Improve Management of Public Funds On Thursday, June 2, U.S. Ambassador Stuart Jones (pictured), together with the Minister of Planning Salman al-Jumayli, and Chief of Staff for the Prime Minister’s Office Dr. Mahdi al-Allaq, participated in the Ministry of Planning (MOP) conference entitled “Reforming Development […]
How will Baghdad plan for liberated Fallujah?
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. On May 23, Iraqi Prime Minister Haider al-Abadi announced the beginning of military operations to retake the city of Fallujah. Operations have been successful so far, as several parts of the city’s […]
World Bank: Economic Reforms will Help Growth in Kurdistan
Economic Reforms will Help Achieve Sustainable and Inclusive Growth in the Kurdistan Region of Iraq A new World Bank Group report proposes a series of reforms to enable Iraq’s Kurdistan Region to chart a path out of the difficult economic challenges it faces toward a more sustainable and diversified economic future. The combination of factors […]
Al Taif Money Transfer signs up with Covalent
Al Taif Money Transfer Co (TMT), the largest money transfer services provider in Iraq has signed up Covalent, a joint venture between TPS and Access Group, for a digital payments platform. Farhan Al Musawi, CEO of Al Taif Group and Al Taif Money Transfer said: “We are pleased to engage with a strategic partnership with […]
UN Advertises 11 New Jobs in Iraqi Kurdistan
By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: International Multi-Drugs Resistance Tuberculosis (MDR-TB) Expert (UNDP) Security Sector Reform (SSR) (UNDP) Service Delivery Consultant (UNDP) Data Communication Specialist (UNICEF) Reports Specialist (UNICEF) Programme Assistant (UNICEF) National Project Coordinator (UNAMI) Programme Assistant (UNAMI) Final Evaluation Consultant (Save the Children) Administrative Officer (Office for the […]
UN Advertises 12 New Jobs in Iraq
By John Lee. The United Nations has advertised several new positions in Iraq: Final Evaluation Consultant (Save the Children) Rehabilitation Technical Advisor (Handicap International) Chief of Communication (UNICEF) Grants Coordinator (Norwegian Refugee Council, NRC) Logistics Officer (Norwegian Refugee Council, NRC) Operations Assistant - Facilities Management (UNDP) Security Sector Reform (SSR) (UNDP) Finance Clerk (UNDP) Multi-Drugs Resistance Tuberculosis (MDR-TB) […]
Iraq plans $2bn Bond Sale
By John Lee. Reuters reports that Iraq expects to sell $2 billion in eurobonds in the last quarter of this year, when international aid starts coming in, helping lower its cost of borrowing. Finance Minister Hoshiyar Zebari (pictured) told the news agency that Iraq expects to receive $600 million in September from the International Monetary […]
Basra Businesses Unite for New Ventures, New Bank
By John Lee. The Basra branch of the Iraqi Businessmen's Association has announced the founding of the largest joint-stock company in the province. The new firm will involve hundreds of businesses in a variety of ventures, including construction, tourism, and setting up its own bank. Sabih Habib al-Hashemi, the head of the Association, said that […]
KRG Oil Exports Increase to 513k bpd for May
The Kurdistan Regional Government (KRG) today publishes the monthly crude oil export report for May 2016. The report for May 2016 details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; revenues received on account by the KRG during the month; and payments directly made […]