Currency Auction Results, 24th Feb
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 20 remittance companies took part in its currency auction on Wednesday. A total of $94,700,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Ministry of Oil Concludes Shaky Refinery Deal with Satarem
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil Concludes Shaky Deal for Missan Refinery with Satarem The Ministry of Oil has decided to go ahead with the Missan Refinery deal with the legally bankrupt small Swiss […]
More Directorate Changes at Genel Energy
Genel Energy has announced that Jim Leng has indicated his intention to retire from the Board of Genel at the AGM in April 2016. Jim Leng has served over five years at Genel as Non-Executive Director, Senior Independent Director and as Chairman of the Remuneration Committee. Following his appointment in December 2015 as Non-Executive Chairman […]
Mobile Money Service goes live in Iraq
eServGlobal has announced the commercial launch of mobile money services with Zain Iraq. According to a statement from the company, the service was soft-launched in January and has already attracted strong interest. The service is called 'Zain Cash' and is offered by Iraq Wallet, which is an authorised company from the Central Bank of Iraq (CBI). […]
Military 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 Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]
UN Calls for Relocation of Civilians to Safer Areas
The top United Nations humanitarian official in Iraq has said she is deeply worried about thousands of civilians who are trapped in Fallujah city and in Sinjar district and are unable to access aid, calling on Government officials to redouble efforts to relocate civilians to safer areas before the situation deteriorates further. Although the UN […]
Currency Auction Results, 23rd Feb
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 Tuesday. A total of $103,650,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Missing Radioactive Material Located
By John Lee. Radioactive material that went missing in Iraq in November has been found, apparently undamaged, on Sunday near a patrol station in Zubair. The chief of the security panel at the Basra Provincial Council told Reuters: "A passer-by found the radioactive device dumped in Zubair and immediately informed security forces which went with […]
Video: More Funds needed to Save Mosul Dam
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Engineers say the Mosul dam in northern Iraq is the world's most dangerous - despite millions of dollars that have been spent to strengthen it. They need more cash - after discovering that […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD959 (-0.9%) / $992 (-0.9%) (weekly change) (-12.0% and -13.4% YTD change, respectively). The number of week traded […]
UNOPS Awards Contract for IDP Shelter Units
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded a contract for the supply of 100 prefabricated shelter units for IDP’s at the Eyon Missan IDP camp. The contract (Reference: 15-IQOH-ITB-089), valued at $589,690, has been given to Wadi Albarari for General Contracting & Engineering Consultancy & General Trading and Oil […]
Coalition Continues Counter-ISIL Strikes 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 Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Attack, fighter, and remotely […]