Stock Market Falls 6.7% in First Week
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th Jan 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD1017 / $1169 (-6.7% weekly; -6.7% YTD change). The number of week traded shares was 3.6bn and the […]
Contractor Jailed for Bribery
By John Lee. A former U.S. Department of Defense contracting official has been sentenced to 30 months in prison for his role in a bribery scheme involving U.S. government contracts in Iraq. James Edward Addas, 55, of Stafford, Virginia, previously pleaded guilty to charges of bribery and tax evasion. According to admissions made in the […]
Iraq Bans Poultry Imports due to Avian Flu
By John Lee. Iraq has banned the importion of frozen and live poultry products from two dozen countries. According to a report from Reuters, Baghdad restricted poultry imports from France last month, following a reported outbreak of H5N1 bird flu. The ban now extends to Bangladesh, Burkina Faso, Bhutan, China, Egypt, Ghana, Hong Kong, India, […]
Coalition Continues Strikes Against ISIL
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 Fighter, attack, bomber, […]
Currency Auction Results, 10th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks and 14 remittance companies took part in its currency auction on Sunday. A total of $145,512,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
4 new Turkey-Iraq Border Crossings Planned
By John Lee. Four new border crossings are planned to be opened between Iraq and Turkey. The new posts at Gülyazı, Aktepe, Ovaköy and Üzümlü are intended to relieve the pressure on the Habur border crossing (pictured), which was recently closed for security reasons, and which has just been reopened on a limited basis. Annual […]
ISIL Now in 'Defensive Crouch' in Iraq, Syria
Since May, the Islamic State of Iraq and the Levant has steadily lost ground to Iraqi security forces and Syrian Democratic Forces, the spokesman for Operation Inherent Resolve said on Wednesday. Briefing the Pentagon press corps via video conference from Baghdad, Army Col. Steve Warren offered battlefield updates and a status report on coalition efforts. […]
BGR Government Affairs Actively representing KRG
By John Lee. Washington DC-based communications consultancy BGR Government Affairs LLC has reported that it has been actively lobbying in the United States on behalf of the Kurdistan Regional Government (KRG). In a statement made pursuant to the US’s Foreign Agents Registration Act (FARA), the company also confirmed that it had billed the KRG $150,000 for […]
Who Is Iraq's 'Person of the Year' For 2015?
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Which Iraqi had the most impact on their nation over the past 12 months? NIQASH editors and correspondents picked a few candidates - some obvious, some interesting - and invite […]
Iraq sets up Dhi Qar Oil Company
By John Lee. Iraq has this week established the Dhi Qar Oil Company (DQOC), which will take over responsibility for the Nassiriya and Garraf oil fields. The South Oil Company (SOC) has been renamed the Basra Oil Company (BOC), following the transfer of the Dhi Qar assets to the new company. (Source: Reuters)
US Approves $800m Hellfire Missiles for Iraq
The US State Department has approved a possible Foreign Military Sale to Iraq of Hellfire missiles and Captive Air Training Missiles, related equipment and support. The estimated cost is $800 million. The Government of Iraq has requested a possible sale of five thousand (5,000) AGM-114K/N/R Hellfire missiles; Ten (10) 114K M36E9 Captive Air Training Missiles; […]
Iraq Nominates Kurdish Yazidi Woman for Nobel Peace Prize
By John Lee. Iraq’s Ministry of Migration and Displacement has nominated a Kurdish Yazidi woman for the Nobel Peace Prize. Nadia Murad, aged 21, escaped from the Islamic State group (IS, ISIS, ISIL, Daesh) having being taken into sex slavery by the jihadist group. Since gaining freedom, she has addressed the United Nations Security Council […]