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 today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted three […]
Currency Auction Results, 9th Feb
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $121,075,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
DNO Confirms Payment from KRG
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 21.45 million from the Kurdistan Regional Government for exports from the Tawke field under a new payment arrangement announced on 1 February 2016. The payment, to be shared pro-rata by DNO and partner Genel Energy plc, includes USD 17.99 million toward the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD977 (+5.7%) / $1015 (+5.7%) (weekly change) (-10.3% and -11.4% YTD change, respectively). The number of week traded […]
Military Strikes Hit ISIL 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 and fighter […]
Baghdad Building a Wall Against IS
By John Lee. BBC reports that Iraqi security forces have begun building a 300km (186 miles) wall around Baghdad in an effort to prevent attacks by the Islamic State group (IS, ISIS, ISIL, Daesh). The new barrier, which will include a two-metre deep trench and surveillance cameras, will surround the city from all sides, an […]
Salt Industry Evaporating in Iraq
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. Ali al-Jubouri, a farmer from the Babil countryside, patiently waits every year for the rainwater to evaporate from local natural salt lakes. He and his family then collect the salt left behind to sell […]
KRG to Pay only Partial Salaries
By John Lee. The Kurdistan Regional Government (KRG) has announced that it will pay only partial salaries to all government employees except security personnel, as it struggles with an economic crisis due to low oil prices. In a statement, it said the decision was taken "in order to ensure the continued distribution of part of […]
Caravan Stops Crumble Along Abandoned Silk Road
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. Once-lively Caravan Stops Crumble Along Abandoned Silk Road In an interview with Al-Monitor, 85-year-old Hussein Khazraji described how he used to cross the distance between his hometown, Najaf, and Karbala on foot in the […]
Register Now for 5k to Benefit Iraqi Children
Register Now for "IN THEIR SHOES" 5k to Benefit Iraqi Children It's that time again! The Iraqi Children Foundation is hosting its 4th annual "IN THEIR SHOES" 5K to benefit Iraq's most vulnerable children on Saturday, May 14, 2016, in Old Town Alexandria, VA. Race course is USATF certified and will be timed. Not a serious runner? […]
Genel Energy Shares Up on KRG Payment
By John Lee. Shares in Genel Energy were trading up 10 percent on Friday morning after the compay announced that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. Genel's share of the gross Taq Taq […]
KRG Exported 602k bpd Oil in January
The Kurdistan Regional Government (KRG) has published its monthly export report for January 2016. The KRG exported 18,656,131 barrels of crude oil (an average of 601,811 barrels per day (bpd)) in the month of January through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG […]