Staggering Civilian Death Toll in Iraq
A UN report released today details the severe and extensive impact on civilians of the ongoing conflict in Iraq, with at least 18,802 civilians killed and another 36,245 wounded between 1 January 2014 and 31 October 2015. Another 3.2 million people have become internally displaced since January 2014, including more than a million children of […]
Coalition Strikes ISIL Targets 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, fighter and […]
Currency Auction Results, 18th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 22 remittance companies took part in its currency auction on Monday. A total of $149,901,714 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq Stock Market Falls Further
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Jan 2016). [Click here to take part in our stock market poll.] Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD964 (-5.3%) / $993 (-7.2%) (weekly change) (-11.6% […]
Americans Kidnapped in Baghdad
The US embassy in Baghdad has confirmed that "several" Americans have been kidnapped in the city. BBC News quotes a state department official as saying: "We are working with the full co-operation of the Iraqi authorities to locate and recover the individuals." US officials did not say how many were held or where they were […]
Al-Abadi Congratulates Iran on Lifting of Sanctions
By John Lee. President Haider Al-Abadi has congratulated Iran's government and people on the lifting of economic sanctions and the entry into force of the nuclear deal with the major powers. He added: "We look forward to this historic agreement contributing to the strengthening of security and stability and prosperity of the countries and peoples of […]
Video: Can Govt Stem Rising Sectarianism?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's top Shia cleric Ali al Sistani has called on the government to curb the activities of armed groups. At least seven Sunni mosques were bombed in eastern Iraq earlier this week, allegedly […]
Coalition 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 Remotely piloted aircraft […]
Currency Auction Results, 17th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 21 remittance companies took part in its currency auction on Thursday. A total of $172,403,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Kogas to Sell Stake in Akkas Field
By John Lee. According to a report from Platts, South Korea's state-owned Korea Gas Corporation (KOGAS) plans to sell a 47 percent stake in its 100 percent-controlled Akkas gas field. The company is under pressure from the Korean government to reduce its debts. The project was originally awarded to a consortium of Kogas and KazMunaiGas […]
Can Exporting Natural Gas Save Iraqi Kurdistan?
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. A Pipeline In The Pipeline: Can Exporting Natural Gas Save Iraqi Kurdistan? Beginning 2016 Iraqi Kurdistan will begin to build a new natural gas pipeline to Turkey. But analysts say […]
Public Debt to Jump to 66% of GDP
By John Lee. According to a report from the International Monetary Fund (IMF), the fall in oil prices is causing a sharp deterioration of Iraq's fiscal position. The analysis finds that the budget deficit increased from 6 percent of GDP in 2014 to 15 percent of GDP in 2015 and a projected 10 percent of […]