Parliament Sets Deadline for Abadi’s New Cabinet
By John Lee. The Iraqi Parliament has set a deadline of Thursday this week for Prime Minister Haider al-Abadi to present a new cabinet. Nearly two months ago, Abadi said he would replace the current ministers with “technocrat” figures who are no affiliated with political parties. "If Abadi fails to present his new cabinet, he […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th Mar 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD869 (-2.4%) / $881 (-2.4%) (weekly change) (-20.3% and -23.1% YTD change, respectively). The number of week traded […]
Military Strikes Hit 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 yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and remotely […]
Currency Auction Results, 28th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 19 remittance companies took part in its currency auction on Monday. A total of $84,669,310 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Video: Iraqi Army Secures Villages South of Mosul
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces on Sunday cleared villages from which they ousted jihadists south of Mosul, the Islamic State group's main hub in the country:
Video: Phone Camera Captures Suicide Bombing - 30 Killed
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A suicide bomber has blown himself up at a football stadium south of the Iraqi capital Baghdad, killing at least 30 people and injuring 95 others. Al Jazeera's Bernard Smith reports:
China-Jordan JV Bids for Iraq-Jordan Oil Pipeline
By John Lee. Platts reports that Iraq's oil ministry has received a bid from a Jordanian-Chinese consortium to build and operate a 1-million-bpd crude oil export pipeline to the Red Sea port of Aqaba. Jordan's Mass Group Holding, along with a consortium of Chinese companies, submitted a service fee proposal to Iraq's oil ministry for […]
Will Iraq pass Amnesty Law that could Pardon Terrorists?
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. Although the political blocs in the Iraqi Parliament agreed to pass the general amnesty draft law, voting on it has been delayed since the beginning of the current parliament’s term in 2014. This […]
Water Loss could lead to Security Risks
By John Lee. Research has found that the Tigris-Euphrates Basin -- comprising Turkey, Syria, Iraq and western Iran -- is losing water faster than any other place on the planet except northern India. According to the UN Development Progamme (UNDP), while scientists have been able to record falling water levels, political analysts have simultaneously observed […]
Antigua & Barbuda offers Citizenship to Iraqis
By John Lee. Citizens of Iraq are now eligible to apply for citizenship of Antigua & Barbuda, under the country's Citizenship by Investment Programme (CIP). Iraq's Newly appointed Ambassador to Antiqua & Barbuda, Ahmed Abbas Oleiwi Al-Hassani, thanked the government for, “opening the doors for Iraqis ... to Antigua”. On Friday, he signed a multi-million US-dollar […]
Massoud Barzani vows to Fight Corruption
By Amberin Zaman, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Massoud Barzani vows to fight corruption with same dedication as KRG has fought IS These are critical times in the quasi-independent Kurdish entity in Iraq better known as the Iraqi Kurdistan Region, or […]
S. Korea offers $7m in Aid to Iraq
By John Lee. South Korea has offered US$7 million to help resolve the humanitarian crisis in Iraq. A statement on Thursday from Seoul's Foreign Ministry said: "Our government decided to provide assistance following a comprehensive review of the humanitarian crisis in Iraq, the international community's call for aid and other countries' provision of aid." South […]