Currency Auction Results, 12th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 21 remittance companies took part in its currency auction on Tuesday. A total of $105,021,085 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Genel Energy confirms Taq Taq Payment
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $19.88 million from the Kurdistan Regional Government ('KRG') for oil sales during March 2016. Genel's share of the gross Taq Taq payment is $10.93 million. As agreed with the KRG, sales into the local market and deliveries to the […]
Iran Ready to Start Gas Delivery to Iraq
A senior Iranian oil official said the country has started pumping gas into a pipeline that the Islamic Republic plans to use for exports of natural gas to Iraq. “The pipeline is complete on the Iranian side and will be soon inaugurated by senior Iranian officials to start pumping gas into Iraq,” Managing Director of […]
US Commits Another $155m Humanitarian Aid
US Secretary of State John Kerry announced that the United States is providing nearly $155 million in additional humanitarian assistance to displaced and conflict-affected Iraqis within Iraq and throughout the region who are in urgent need of support. This new funding brings total U.S. humanitarian assistance for the Iraq humanitarian response to more than $778 […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Apr 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD837 (-0.1%) / $846 (+0.2%) (weekly change) (-23.2% and -26.2% YTD change, respectively). The number of week traded […]
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 Iraq and Syria yesterday, 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 Attack aircraft conducted […]
Germany Donates EUR 4m to Boost Community Policing
The Federal Republic of Germany has donated EUR 4 million to IOM Iraq to support its “Strengthening Community Policing in Iraq” project between March 2016 and December 2017. By supporting community policing in Iraq, IOM enhances overall efforts to advance democracy, human rights and the rule of law in Iraq in liberated areas. Community-policing models […]
Fast And Furious: Amateur Motorheads in Iraq
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. Fast And Furious In Baghdad: The Amateur Motorheads Organising Races In Iraq There are no official race tracks in Baghdad but car fanciers in the capital are organising their own […]
Video: Kerry vows to up pressure on IS during visit to Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US Secretary of State John Kerry vowed Friday to turn up the heat on the Islamic State jihadist group as he visited Baghdad to show support for Iraq's crisis-hit government:
Currency Auction Results, 11th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 21 remittance companies took part in its currency auction on Monday. A total of $90,879,740 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Daesh Oil Revenue Falls
By John Lee. The Speaker of the Iraqi Parliament has said that the ability of the so-called Islamic State militant group (IS, ISIS, ISIL, Daesh ) to profit from illicit oil sales has declined, as the terrorists lose control over the captured territories. Saleem Jubouri (pictured) told Sputnik: "Daesh used [oil] fields to earn money, especially […]
UAE to Build Two New Hospitals in Iraqi Kurdistan
By John Lee. The UAE government is set to start work on two new hospital projects to serve Syrian refugees and displaced Iraqis in Kurdistan. The projects, which will include an eye treatment centre, are being carried out with the help of Emirates Red Crescent (ERC). The ERC has already opened a number of new projects […]