FlyBaghdad has eyes on Dubai, then Europe
Iraq’s youngest airline, FlyBaghdad, is in talks to start flying to Dubai and plans to launch European routes in early 2016, according to a report from Gulf News. The airline’s Regional Commercial Manager, Mohammad Abdali, told the news agency that the Iraqi-owned airline started domestic flights to Erbil, Sulaymaniyah, Najaf and Basra from its hub […]
Airstrikes Continue Against 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 Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter and remotely […]
Currency Auction Results, 13th Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $209,596,759 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Video: Iraq Agriculture on Verge of Collapse
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Farmers in Iraq say their industry is on the verge of collapse. They blame years of conflict, government neglect and the rise of ISIL for nearly destroying the agricultural sector. Al Jazeera's Imtiaz […]
Iraq Abandons Govt Bond Issue
By John Lee. Reuters quotes Iraqi Deputy Finance Minister Fathil Nabi as saying that Iraq has abandoned its plan to issue international bonds because the yield it would have to pay was too high. The required return on the bonds reportedly forced Finance minister Hoshiyar Zebari (pictured) to halt the plan to raise up to […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Oct 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,136 / $1,189 (+4.6%) (weekly change) (-18.4% and -19.8% YTD change, respectively). The number of week traded shares […]
RSK, Basra Uni, to Train Iraqi Oil Engineers
RSK Group Plc and the University of Basrah have agreed to enter into a partnership to help train the next generation of Iraqi engineers and to give them practical experience which would help them to obtain jobs in the Iraqi oil industry. The partnership will give University of Basrah students access to oil field work […]
Could Saudi-Iraqi ties be Key to Defeating IS?
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi-Saudi relations are the main key to the problems and solutions of the crises in the Middle East. The rupture and hostility between the two sides helped promote the positions of extremist groups, which […]
Airstrikes Continue Against ISIL Terrorists in Iraq, Syria
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. Airstrikes in Syria Bomber, fighter and […]
Currency Auction Results, 11th Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 7 remittance companies took part in its currency auction on Sunday. A total of $175,008,113 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
US Officials ask how IS got so Many Toyota SUVs
U.S. counter-terror officials have asked Toyota to help them determine how the Islamic State group (ISIS, ISIL, IS) has managed to acquire the large number of Toyota pick-up trucks and SUVs seen prominently in the terror group’s propaganda videos. According to a report from ABC News, Toyota says it does not know how ISIS obtained […]
Video: Popularity of 'Putin the Shiite' sky high in Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Russian President Vladimir Putin's bullish entry into the Syrian conflict has worked wonders for his popularity in neighbouring Iraq, where some await "Hajji Putin" like a saviour: