Currency Auction Results, 4th Aug
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 7 remittance companies took part in its currency auction on Tuesday. A total of $352,843,781 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Pipeline Attacks “Cost KRG $250m”
Statement by KRG's Ministry of Natural Resources on attacks on the Kurdistan to Ceyhan oil export pipelines in Turkey Since July 27th, there have been repeated attempted thefts and sabotage attacks on the pipelines that carry crude oil from the Kurdistan Region to Ceyhan (pictured) in Turkey. This has led to an almost complete stoppage […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th July 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,271 (-4.5%) / $1,319 (-4.3%) (weekly change) (-8.8% and -11.0% YTD change, respectively). The number of week traded […]
More than 1,300 Iraqis Killed in July
According to casualty figures released today by UNAMI, a total number of 1,332 Iraqis were killed (including civilians, civilian police and casualty figures in Anbar), and another 2,108 were injured in acts of terrorism, violence and armed conflict in July*. The number of civilians killed is 844 (including 27 civilian police and casualty figures in […]
Iraqi Kurds Desire PKK and Turkey Ceasefire
By Patrick Schmidt. With tensions rising once again between the Turkish central government and the Kurdish Workers’ Party (PKK), Iraqi Kurds are now more concerned about their own relationship with the Turkish leadership. Despite this concern, Iraqi Kurds do not agree with all the claims made by the Turkish government about the PKK. Kurdistan’s Foreign […]
Coalition Continues Airstrikes 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. Officials reported details of the latest strikes, which took place yesterday, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter-attack, […]
Video: Turkey Denies Targeting Iraqi Civilians
Turkey's military is denying allegations that its air strikes against Kurdistan Workers' Party (PKK) targets have hit civilians. The President of Iraq's Kurdish region has accused Ankara of killing civilians in air raids in the north. He has asked the PKK to leave the region, but the violence continues. Al Jazeera's Zeina Khodr reports:
IMF Approves $1.24bn Financial Support for Iraq
On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 891.3 million (about US$1.24 billion or 75 percent of quota) for Iraq under the Rapid Financing Instrument (RFI). The purpose of this financial assistance is to help Iraq address present and urgent balance of payment and budget needs in 2015 […]
NATO Agrees Defence Capacity Building Package for Iraq
NATO Allies have just agreed on a defence capacity building package for Iraq. It will help strengthen the country’s security and defence sector by providing support in areas where NATO is best-placed to add value. This decision, taken today by the North Atlantic Council, underscores NATO’s commitment to deepening our partnership with Iraq. The programme […]
Siemens wins Electricity Order
By John Lee. The Ministry of Electricity has reportedly signed a contract with the German company Siemens for the provision of that includes processing equipment, civil works and the rehabilitation of four 132 kV substations in Baghdad. Shafaaq News reports that the contract includes processing equipment and the execution of civil works for the four […]
Serbia, Iraq sign Telecom Agreement
By John Lee. Serbia and Iraq have signed an agreement on cooperation in telecommunications sector. The document was signed by Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic and Iraqi Minister of Telecommunications Hassan Al Rashid, at the end of the Iraqi minister's three-day visit to Serbia. During his visit, the Minister visited Serbian […]
Basra's Beleaguered Governor Under Fire
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. Political Independence Doesn't Pay: Basra's Beleaguered Governor Under Fire As they have done with the pictures of his predecessors, the protestors in Iraq's southern Basra province were so angry they […]