Iran’s President to Visit Iraq
By John Lee. Tasnim News Agency reports that Iranian President Hassan Rouhani is scheduled to pay visits to Pakistan, Iraq and Austria in the coming weeks. President Rouhani is scheduled to visit Islamabad first, before heading to Baghdad and Vienna. (Source: Tasnim News Agency)
Coalition Strikes Hit 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, 29th Feb
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 20 remittance companies took part in its currency auction on Monday. A total of $110,701,200 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Archive of Kurdistan Oil Reports Published
The Ministry of Natural Resources announces a collection of five reports covering oil production, export consumption, revenue and expenditure from 2007-2015. Some of the reports have been published individually before, or were given to KRG officials or Parliament, but for completeness they are published together here. The reports are as follows, please click the links […]
Displacement in Iraq Exceeds 3.3 Million
The International Organization for Migration (IOM) Iraq Displacement Tracking Matrix (DTM) published yesterday, identified 3,320,844 internally displaced Iraqis (553,474 families), from 1 January 2014 through 4 February 2016. Considering the available information and the DTM methodology, the UN Humanitarian Country Team maintains the humanitarian response planning figures at 3.3 million internally displaced persons (IDPs). Three […]
What is Abadi doing to Protect Iraq’s Christians?
By Omar al-Jaffal, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Chaldean Catholic Patriarch of Babylon Louis Sako boycotted the National Conference on the Protection of Peaceful Coexistence, the Ban of Hatred and the Fight against Terrorism and Extremism held in the Iraqi parliament Feb. […]
Will Govt Employees face more Wage Cuts in 2016?
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. Plunging oil prices are now affecting ordinary civil servants’ salaries in Iraq. Al-Monitor met with an employee of the Ministry of Culture who, on condition of anonymity, shared his plan of submitting a […]
Medserv Acquires METS
Malta-based Medserv has announced that it has today completed the acquisition of Middle East Tubular Services (METS), a group of companies based in the UAE, Oman and Iraq. Established in 2006 in Sharjah, UAE, METS has grown rapidly becoming a market leader due to its position as the only one-stop-shop for oil country tubular goods […]
Asiacell selects Ericsson for Transmission Backbone Contract
Ericsson and Asiacell have partnered in a network deal to transform Asiacell's transmission backbone infrastructure in Iraq, reports Telecompaper. This project enables Asiacell to secure the required technology and capacity to cater for the increased demand for data traffic and improve customer experiences in Iraq in the coming five years. Ericsson collaborated with Asiacell in […]
New Head of Korean Consulate Begins Mission in Kurdistan
Head of KRG Foreign Relations, Minister Falah Mustafa, today welcomed the new Head of Embassy Office of the Republic of Korea, Mr. Young-Kyu Park. On behalf of the KRG, Minister Mustafa congratulated Mr. Park on his new post and assured him of the DFR’s full support to ensure the success of his mission. The Minister […]
IS Sells Properties Left by Kurds in Mosul
By John Lee. BasNews reports that the Islamic State group (IS, ISIS, ISIL, Daesh) is allegedly attempting to put residential buildings taken from civilians in Mosul on sale. A source told the news agency that IS confiscated "more than 126" (sic) houses left by Kurds and Christians in Mosul, and is now selling the houses […]
US Approves $350m Beechcraft Iraq Deal
The US State Department's Defense Security Cooperation Agency (DSCA) has approved a possible Foreign Military Sale to the Government of Iraq for KA-350 [King Air 350] sustainment, logistics, and spares support. The estimated cost is $350 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale on February 23, 2016. […]