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 […]
Amnesty Int'l Condemns 'Shocking Surge' in Death Sentences
From Amnesty International. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The 40 death sentences handed down today in Iraq after a fundamentally flawed mass trial show a reckless disregard for justice and human life, said Amnesty International and brings the total sentenced in […]
Currency Auction Results, 22nd Feb
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 21 remittance companies took part in its currency auction on Monday. A total of $107,570,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iran Sets Up Pickup Assembly Line in Iraq
By John Lee. Mohammad Reza Nematzadeh, Iranian minister of Industry, Trade and Mines, has opened a new assembly line at Iran Khodro (IKCO)'s assembly plant in Iskandariya, Iraq. The factory has the capacity to manufacture 30 Arisan pickup trucks per day; the Arisan, also called the “PU1”, replaces the Paykan pickup in Iran’s market. Parts […]
New Import Tariffs Causing Port Chaos
By John Lee. A new 30-percent customs tariff in Iraq is reported to be slowing business at the port of Umm Qasr (pictured), which handles 80 percent of the country's imports, choking the port with thousands of uncollected cargo containers. But according to the report from Reuters, the new rate does not apply in Iraqi […]
Senior Officials Referred to Court on Corruption Charges
By John Lee. Iraq’s Commission of Integrity has referrd four former senior officials to court on charges of corruption. Middle East Monitor reports the the Commission referred two former deputies of Prime Minister Haider al-Abadi, the former director of former Prime Minister Nouri al-Maliki’s military office, and Baghdad’s former mayor. Bahaa al-Araji, Saleh al-Mutlaq, Farouk […]