UK University offers Postgrad Scholarship for Iraqi Students
One of the UKs leading liberal arts institutions is offering a fully funded postgraduate scholarship to students from Iraq. Bath Spa University announced at the Iraq Britain Business Council (IBBC) conference in London that it is offering the scholarship for postgraduate research into Women in Leadership in Higher Education. This new scholarship is part of […]
Iraq Seeks Fourth Mobile Telecom Provider
By John Lee. Iraq has invited interested companies to submit proposals to run a fourth mobile phone service in the country. The state-run Communication and Media Commission (CMC) said the planned license will run for 15 years, with the possibility of renewal. Interested companies have until 20th November to submit papers. Iraq's existing three mobile […]
Occidental to sell Zubair stake to Iraq's South Oil
By John Lee. Occidental Petroleum intends to sell its stake in the Zubair oilfield to Iraq's state-run South Oil Company (SOC), according to a report from Reuters. The news agency quotes ministry spokesman Asim Jihad as saying on Wednesday: "Occidental asked the ministry for permission to sell its stake in Zubair field and the ministry […]
Cabinet Approves New Hotel at Basra Airport
By John Lee. The Iraqi Cabinet has approved the allocation of a plot of land in Basra International Airport to the Ministry of Transport for the purpose of establishing a hotel complex and integrated services facilities. The decision on the 61-acre site was made at the Council of Ministers meeting on Tuesday (pictured), which was […]
Energy Cmte Discusses New Projects
By John Lee. The Prime Minister Dr. Haider Al-Abadi chaired a meeting of the Ministerial Committee on Energy (pictured) on Monday. The meeting discussed the status of power supply and the importance of working to improve it, including a proposed project for 400 KV electric transmission lines on deferred payment basis; a program of maintenance, […]
Year-End Foreign Reserves Estimated at $60bn
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Ismail (pictured), has said that he expects Iraq’s foreign currency reserves to total about $60 billion by the end of the year. According to the report from Bloomberg, that is higher than the International Monetary Fund (IMF) predicts, and sufficient to […]
Currency Auction Results, 11th Nov
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 17 remittance companies took part in its currency auction on Wednesday. A total of $173,741,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq Agrees Monitoring Program for IMF Loan
An International Monetary Fund (IMF) mission led by Christian Josz visited Amman from November 1–10, 2015 to discuss a Staff-Monitored Program (SMP) with the Iraqi authorities. At the end of the visit, Mr. Josz issued the following statement: “Iraq continues to face a number of challenges. Key among those is the ongoing armed conflict with […]
Oil Export Data from KRG, Oct 2015
The Kurdistan Regional Government (KRG) has published its monthly export report for October 2015. KRG exported 18,461,357 barrels of crude oil (an average of 595,528 barrels per day (bpd)) in the month of October through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed […]
Military Strikes Target 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 on Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber, fighter, attack, […]
New Resilience Agenda gives Options to IDPs
UNDP's New Resilience Agenda will help to give options to displaced Iraqis and refugees A new Resilience Agenda has been adopted at the high level Resilience Development Forum on 8 and 9 November in Dead Sea, Jordan attended by delegations from Iraq, Jordan, Lebanon, Egypt, Turkey and Syria. The pathbreaking Resilience Agenda presents five key […]
Currency Auction Results, 10th Nov
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 19 remittance companies took part in its currency auction on Tuesday. A total of $174,263,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)