Italy Opens its Consulate in Erbil
Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) - In a ceremony held yesterday, Italy's Consulate opened in Erbil, which was attended by the President of Italian Senate, Mr. Pietro Grasso and his accompanying delegation, Prime Minister Nechirvan Barzani, Deputy Speaker of the Kurdistan Parliament and a number of Kurdistan Regional Government ministers and officials. In his speech, Prime […]
Lebanon to Open Diplomatic Mission in Erbil
Prime Minister Nechirvan Barzani yesterday received the Lebanese Embassy Charge d’Affaires in Iraq, Mr. Walid Al-Ghossaini.Mr. Walid Al-Ghossaini said that his country intends to open a representation office in the Kurdistan Region capital Erbil, in a near future, to raise it later to the level of consulate. Mr. Al-Ghossaini discussed the current situation in the […]
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 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, 29th Dec
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $149,382,311 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th Dec 2015). Note: ISX will be closed during December 28, 2015 - January 2, 2016 due to the end-of-year closing operations. The next session will be held on Sunday, January 3, 2016. Please click here to download a table of listed companies […]
Teach The Rich: Basra's Private School Business Booming
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. Teach The Rich: Basra's Private School Business Booming, But So Are Students' Fees In Iraq the public education system is facing huge challenges. Often two or three schools will share […]
Video: 12,000 Tankers and Trucks on Turkey-Iraq Border
From RT News. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Russian intelligence has spotted up to 12,000 tankers and trucks on the Turkish-Iraqi border, the General Staff of Russia’s armed forces has reported. “The [aerial] imagery was made in the vicinity of Zakho […]
Inherent Resolve Strikes Target ISIL Terrorists
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 and remotely piloted […]
Iraq May Reopen the Yanbu Pipeline
By Simon Kent. Following the news earlier this month that Saudi Arabia is reopening their embassy in Baghdad, an un-named official in Iraq's Ministry of Oil has suggested there may be a plan to reopen the Yanbu pipeline from Iraq to Saudi Arabia. Speaking to Baghdad paper Al Sabah, the official said that Iraq was […]
Oil, Rail Expansion Dominate China Talks
By Simon Kent. Iraqi PM Haider al Abadi recently met with Chinese President Xi Jinping to discuss high level strategic projects for both countries to cooperate on. The major discussions focused on a plan for Iraq's State Oil Marketing Company (SOMO) and Chinese state run refiner Sinopec to coordinate the shipment, refining and marketing of […]
Kurdish Regional Government Fights Reform Battle
By Simon Kent. The Kurdish Regional Government has announced a plan to implement a series of economic reforms in the face of a growing recession. Currently, the region has debt of up to $18 billion, a crisis made far worse by expenditures in the war against ISIS, the collapse in oil prices and a bloated […]
Baghdad Christmas Celebrations Have Deeper Meaning
By Simon Kent. Christmas has been celebrated in Baghdad for centuries, but over time the small Christian minority has been dwindling at an alarming rate, especially since they have been singled out by ISIS. There are now thought to be only half a million Christians left in Iraq, out of a population that was once […]