Russian Ambassador Discusses Ties with KRI
By John Lee. KRG Minister Falah Mustafa met with Russian Ambassador to Iraq Mr. Ilya Morgunov and Russian Consul General in Kurdistan Mr. Viktor Simakov on Sunday to discuss strengthening bilateral ties and challenges facing Kurdistan and the wider region. Minister Mustafa and Ambassador Morgunov reviewed ways of strengthening bilateral cooperation between the Russian Federation […]
Inherent Resolve Strikes Target ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, 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, fighter, and […]
Currency Auction Results, 14th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 13 remittance companies took part in its currency auction on Monday. A total of $96,160,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Military Strikes Continue Against ISIL Terrorists
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]
Iraq Infrastructure Projects top $358bn
By John Lee. TradeArabia reports that Iraq remains the Gulf’s third-largest project market, with $358 billion in active infrastructure projects. More than $90 billion of these are in the gas, oil, and power sectors. Ahead of the Meed Iraq Energy Projects conference taking place on March 21 in Dubai, Meed Projects said ongoing infrastructure projects […]
Standard Chartered in talks on $2bn Iraq Bond Sale
By John Lee. The CEO of Standard Chartered in Iraq has said that the bank is in talks with Iraq’s Finance Ministry to take part in a $2-billion bond sale this year. Andreas Meletiou also told Bloomberg that the London-based bank is also holding talks with other government institutions about their financing needs. A planned […]
Iraq Prepares to Amend Existing Oil Contracts
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. Oil revenues accruing from oil field development and production in Iraq no longer match the revenues made before the licensing contracts the Ministry of Oil signed in 2009-2010. The Iraqi government will be […]
KRG calls for Conference on Reconstruction of Shingal
The Kurdistan Regional Government has hosted a special session for the KRG Minister of Interior and Mayor of Shingal to brief diplomats and representatives of UN agencies and INGOs based in Erbil on the needs of the city. At the outset of the meeting, Minister Falah Mustafa, Head of KRG Foreign Relations called for a […]
Amec Foster Wheeler Re-affirms Importance of Iraqi Market
By John Lee. In its results for 2015, published this morning, UK-based oil and gas engineer Amec Foster Wheeler re-affirmed the importance of the Iraqi market. While it had no new contract wins to announce in Iraq over the past year, the company stated: "Iraq remains an important market for us, as we support various […]
Bold Steps Needed to give Hope to Threatened Groups
Bold steps needed to give hope to ethnic and religious groups facing an uncertain future The United Nations Special Rapporteur on minority issues, Rita Izsák-Ndiaye (pictured), has urged the Government of Iraq to take rapid and concrete steps to guarantee the future of some of the country’s most threatened and marginalized ethnic and religious groups […]
Currency Auction Results, 9th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 20 remittance companies took part in its currency auction on Wednesday. A total of $91,403,625 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iran, Iraq Negotiate Joint Oil Projects
Minister of Petroleum Bijan Zangeneh said he hopes that Iran and Iraq will be able to reach agreement on joint projects during the on-going visit by a delegation from the Iraqi Oil Ministry. He made the remarks during a meeting with visiting Deputy Minister for Gas Refineries at the Ministry of Oil, Fayaz Hassan, on […]