UNDP and Japan partner to Support Iraq
UNDP and Japan partner to support stabilization and resilience in Iraq The Government of Japan is providing US$23.5 million to support the United Nations Development Programme (UNDP) in its work to help stabilize and build resilience in Iraq. Japan’s contribution will be channeled through UNDP’s Funding Facility for Immediate Stabilization (FFIS) and through UNDP’s Iraq […]
Social and Economic Inclusion Key to Stability in Iraq
World Bank Group President Jim Yong Kim (pictured) told a special session of the Iraqi parliament that the path to stability and shared growth in Iraq lay in empowering local governments, opening up and diversifying the economy, and improving the management of public finances by reforming the public sector and increasing accountability. The speech came […]
Coalition Strikes Continue Against ISIL Terrorists in Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Iraq Attack aircraft conducted four strikes […]
Video: The Influence of Shia Cleric Muqtada al-Sadr
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. When Shia cleric Muqtada al-Sadr speaks, millions of Iraqis listen. Al Jazeera's Bernard Smith explains:
Currency Auction Results, 29th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $80,514,348 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Oil Minister "Suspends Participation" in Cabinet Meetings
By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] (pictured) has said he is "suspending his participation" in cabinet meetings, until parliament votes on his resignation, which he offered last summer. He has also cancelled all appointments and activities relating to his position as Minister, saying that his decision was aimed at "confronting […]
France's Total to Develop Shared Oilfield in Iran
By John Lee. Iran has reportedly signed an agreement with France's Total to develop the South Azadegan oil field, which is shares with Iraq. Iranian Oil Minister Bijan Zangeneh (pictured) is quoted as saying that both parties have agreed to keep the details of agreement confidential, adding that the French firm is now "studying its […]
Siemens signs 'Landmark Agreement' with Iraq
Siemens has signed a Memorandum of Understanding (MoU) with the Federal Government of the Republic of Iraq to strengthen the collaboration with the Ministry of Energy as well as Ministry of Oil & Gas for modernizing the energy infrastructure and the Oil & Gas sector. In the presence of the Prime Minister of Iraq, Mr. […]
Parliament Sets Deadline for Abadi’s New Cabinet
By John Lee. The Iraqi Parliament has set a deadline of Thursday this week for Prime Minister Haider al-Abadi to present a new cabinet. Nearly two months ago, Abadi said he would replace the current ministers with “technocrat” figures who are no affiliated with political parties. "If Abadi fails to present his new cabinet, he […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th Mar 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD869 (-2.4%) / $881 (-2.4%) (weekly change) (-20.3% and -23.1% YTD change, respectively). The number of week traded […]
Military Strikes Hit ISIL Terrorists 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 Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and remotely […]
Currency Auction Results, 28th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 19 remittance companies took part in its currency auction on Monday. A total of $84,669,310 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)