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 […]
Why Iraqi-Saudi ties are Backsliding yet Again
By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is facing a new crisis with Saudi Arabia as a result of their differing points of view regarding regional issues, most notably those related to Lebanon-based Hezbollah, which was recently classified […]
Oil Exports ahead of Plan
By John Lee. Reuters reports that oil exports from Iraq's southern ports have risen to an average of 3.494 million bpd in April, from an average of 3.286 million bpd in March. The South Oil Company's assistant general manager, Basim Abdul Kareem, added that export volumes in March and so far in April are higher […]
China Reaches $20bn Trade with Iraq
By John Lee. The Minister of Foreign Affairs, Dr Ibrahim Al-Jaafari, received a copy of the credentials of the new Chinese Ambassador to Iraq, Mr Chen Weiqing, at the ministry Headquarters.. "Last year, trade [between Iraq and China] reached $20 billion, and today Iraq represents the third largest partner in the Arab world," Mr Chen […]
UN Advertises Jobs in Iraq
By John Lee. The United Nations has advertised several positions in Iraq: Senior ERD Manager - Basic Needs (International Rescue Committee, IRC); Children & Youth, Protection & Development Coordinator, Erbil (International Rescue Committee, IRC); Human Resource Coordinator (National Position), Erbil (Norwegian Refugee Council, NRC); Data & Information Analyst, Erbil (Norwegian Refugee Council, NRC); Field Coordinator […]
Kurdish Poor turn to Scavenging at Local Dumps
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. A Dirty Job: Iraqi Kurdish Poor Turn To Scavenging At Local Dumps Dozens of locals make a living scavenging the huge rubbish dump on the outskirts of one of Iraq’s […]
US Secretary of State John Kerry visits Iraq
By John Lee. U.S. Secretary of State John Kerry visited Iraq on Friday to show support for its prime minister. Kerry's visit "will underscore our strong support for the Iraqi government as it addresses significant security, economic, and political challenges," State Department spokesman John Kirby said in a statement. A senior U.S. official in Washington […]
Another Cabinet Nominee Withdraws
By John Lee. Prime Minister Haider Al Abadi's nomination for the position of Finance Minister has withdrawn his candidacy, a week after the withdrawal of his proposed Oil Minister. According to Gulf Today, Ali Allawi (pictured) cited “political interventions and partisan bickering” for his decision. The US-educated former banker had already served as finance minister […]
Secret plan for Kurdish Oil Pipeline Through Iran
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. Secret plan for Kurdish Oil Pipeline Through Iran May Soon Be Reality An oil pipeline from Iraqi Kurdistan through Iran to the world has the potential to change the balance […]
Career Opportunities with UNAMI
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has several positions to fill in Iraq: Operations Clerk Finance Assistant Assistant Security Officer Team Assistant Field Security Assistant (Source: UN) (Recruitment image via Shutterstock)