Architect Dame Zaha Hadid Dies
Iraqi-born Architect Dame Zaha Hadid has died, aged 65. BBC News reports that she died following a heart attack on Thursday in a Miami hospital, where she was being treated for bronchitis. Among her many awards, she received the Pritzker Architecture Prize (considered the Nobel Prize of architecture) in 2004, and was the first woman […]
Unemployed Iraqis join in Looting of Antiquities
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is a great mine of antiquities, with around 13,000 historical and archaeological sites. But today, they lack protection in the absence of law and the deteriorating security conditions in the […]
Counter-ISIL Strikes Continue 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 Thursday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and remotely piloted […]
Currency Auction Results, 31st Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 18 remittance companies took part in its currency auction on Thursday. A total of $79,005,544 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
New Allegations of Massive Corruption in Iraq Oil Industy
By John Lee. An investigation by Fairfax Media -- publisher of The Age and The Sydney Morning Herald newspapers -- and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]
ALE wins business at Karbala Refinery Project
By John Lee. ALE has been awarded several contracts at the Karbala Refinery Project. The deals include the provision of approximately 50 crawler, rough terrain and mobile cranes, the execution of heavy lifting operations, as well as the heavy transportation of approximately 45 oversized items, weighing up to 250 tonnes each. The project has already […]
Oil Ministry Clarifies Gas Export Policy
The Ministry of Oil has confirmed that the gas recently exported from Iraq was what it described as "condensed liquids (C5) or 'natural gasoline,'" a by-product from the associated gas investment extracts used for the industrial purposes, and “not the dry gas which is used for the power generation”. Hamid Y. Salih, the deputy minister […]
Kurdish Yazidi Activist Wins "Int'l Women of Courage Award"
By John Lee. US Secretary of State John Kerry has awarded an ‘International Women of Courage Award’ to a Kurdish Yazidi activist. At a ceremony on Tuesday, Nagham Nawzat Hasan was one of 14 women from fourteen different countries who were honoured for their outstanding roles in their communities as activists, humanitarians and reformers. Yezidi […]
Military Strikes Continue Against ISIL Terrorists in Iraq, Syria
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 Wednesday. 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, 30th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 16 remittance companies took part in its currency auction on Wednesday. A total of $81,956,644 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Abadi Rejects Deadline for New Cabinet
By John Lee. Prime Minister Haider al-Abadi has called for parliament to either support or reject his calls for a technocratic government, pushing back against a looming deadline for a new cabinet, according to a report from AFP. He said Parliament must decide if it wants him "to present ministers from the political blocs or […]
IMF could Secure 3-yr Standby Deal for Iraq
By John Lee. Reuters reports that the International Monetary Fund could approve a standby arrangement (SBA) with Iraq as early as June, unlocking $15 billion in international assistance over the next three years. The head of the IMF’s mission in Iraq, Christian Josz, said on Tuesday that the package of assistance, nearly one third of it […]