IBBC Members Enjoy Annual Retreat
Members of the Iraq Britain Business Council (IBBC), leading political figures and experts gathered in the tranquil setting of Cumberland Lodge, Windsor Great Park, at the weekend for the IBBC's annual retreat. The weekend was spent holding discussions and talks on different aspects that affect doing business in Iraq. The event opened on Friday evening […]
Genel Energy: Hayward Takes Chair; Özgül CEO
By John Lee. Genel Energy has announced that, as of 12 July 2015, Rodney Chase has resigned from the Company. Tony Hayward (pictured) has been appointed Chairman in his stead. Murat Özgül, previously President, Turkey and KRI, has become Chief Executive, and been appointed to the board. In his role as Chairman, Tony will oversee […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th July 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: ISX will be closed on July 14, 2015 due to an official holiday in Baghdad. ISX will be also closed starting from July 19, […]
Airstrikes Continue in 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. Officials reported details of the latest strikes, which took place July 11, noting that assessments of results are based on initial reports. Separately, Syrian aircraft […]
Currency Auction Results, 12th July
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks and 2 remittance companies took part in its currency auction on Thursday. A total of $76,875,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
$2.5m for Economic Development of Rural Women
State Minister for Women Affairs Ms. Baiyan Nouri and UN Women Representative Dr. Syed Sadiq in partnership with FAO, UNFPA and UNESCO today signed a Joint Project on “Socio-Economic Development of Rural Women”. The joint project aims at strengthening and enhancing the socio-economic status of rural women and young girls in selected governorates in Iraq. […]
Jordan Increases Fruit & Veg Exports to Iraq
By John Lee. Zawya reports that exports of fruit and vegetables from Jordan to the Iraqi market are increasing. A spokesperson for the Agriculture Ministry said Jordan exports 3,800 tonnes of produce to the Iraqi market daily, giving the example of six refrigerated trucks carrying 300 tonnes of peaches, which arrived in Iraq on Wednesday. […]
US Contactor Jailed for Iraq Bribery
By John Lee. An American military contractor has been sentenced to 4-1/2 years in federal prison in relation to bribes for contracts Iraq. George H. Lee Jr., aged 72, pleaded guilty to bribery earlier this year, following prosecution claims that he gave more than $1 million to Army officials who steered $20 million in contracts […]
Local Media and the Iraq-Saudi Wikileaks Scandal
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. Sudden Silence? Why Local Media Have Shut Up About Iraqi-Saudi Arabia Wikileaks Scandal In late June, the whistle blowing organisation, Wikileaks, published a raft of formerly confidential documents said to […]
Al-Jadiryia Water Reservoir is Opened
By John Lee. Prime Minister Haider Al-Abadi has opened the new Al-Jadiriya Water Reservoir. This project coincided with opening another project in the area of Kasra Wa Attash. According to a statement from the Office of the Prime Minister, the capacity of the two projects is "150 000 cubic meters". Al-Abadi emphasized the importance of […]
Video: Looted Artefacts Return to Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has recovered hundreds of cultural artefacts that have been seized by international customs agents since 2003. Having been looted from Iraq, many of these pieces come from areas that are now under […]
Is Maliki Making a Comeback?
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. While serving his second term as prime minister in February 2011, former Prime Minister Nouri al-Maliki told AFP he did not aspire to serve a third term. He averred that “the premier […]