Saudi Arabia Names Ambassador to Iraq
By John Lee. Saudi Arabia has named its first resident ambassador to Iraq since 1991. Thamer bin Sabhan Al-Sabhan took the oath of office on Tuesday before Saudi King Salman bin Abdulaziz Al Saud. Sabhan was previously the military attaché in the Saudi Embassy in Lebanon. (Sources: Al Arabiya News, Saudi Arabian Foreign Ministry) (Diplomatic […]
Kuwait’s First Diplomat Posted to Kurdistan
Mr. Omer Al Kandari, the Consul General of the State of Kuwait, visited the KRG Department of foreign Relations to present his exequatur as his country’s first diplomat to be posted to Kurdistan and to discuss potential areas of cooperation. Minister Falah Mustafa, Head of the KRG Foreign Relations, congratulated Consul General Al Kandari on […]
Currency Auction Results, 1st June
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks and 4 remittance companies took part in its currency auction on Monday. A total of $289,350,650 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Foundations of Thi Qar
By Robert Tollast, Iraq analyst with The Brecon Group. Standing on the Ziggurat, an impressive religious temple from the Sumerian period which was largely restored in the 1980s, you can still see solidified tar seeping out from the several thousand year old brickwork. In fact "qar" in the province’s name refers to tar that was […]
AM General Wins $16m Iraq Deal
By John Lee. AM General has been awarded a $16,569,379 modification to foreign military sales contract W56HZV-15-C-0061 for 150 M1152 high mobility multipurpose wheeled vehicles (HMMWVs) and contractor spare parts for the government of Iraq. The work will be performed in Mishawaka, Indiana, with an estimated completion date of June 30, 2015. (Source: US Dept […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th May 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,327 (+5.5%)/ $1,295 (+3.6%) (weekly change) (-4.7% and -12.6% YTD change, respectively). The number of week traded shares […]
Japan to Finance Electricity, Sewerage Projects
By John Lee. Finance Minister Hoshyar Zebari has signed a memorandum of understanding with the Japanese charge d'affaires in Iraq to finance two development projects using loans from Japan. The first involves a loan of $450 million (525 billion Iraqi dinars) for reconstruction in the electricity sector, while the second is to finance the reconstruction […]
AMAR Ramadan Food Box Appeal
Ramadan is almost here and we need your help! Support a displaced Iraqi family in Baghdad and Najaf this Ramadan by providing a food box for just £35. It's simple...you donate, they get a box packed full of essential food and sanitary items lasting two weeks. No donation is too small. Please donate today! Please […]
Karbala Locals Plan Ahead for Serious Drought
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 Cruel, Cruel Summer? In Karbala, Iraq, Locals Plan Ahead for Serious Drought The district of Husseiniya, north-east of the southern Iraqi city of Karbala, used to look more like […]
Reassessing Consequences of Occupation in Iraq
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Evidence of the two occupations that Iraq has experienced — the British occupation at the end of 1914 and the US invasion in 2003 — can still be found in the country's cemeteries and […]
Urgent Funding Needed for Health Care Projects
If urgently needed funds are not secured by the end of June 2015, more than 84% of health care projects serving populations in need in Iraq will be forced to close. If this happens, more than 3 million refugees, internally displaced persons and host communities will not have access to the treatment and care that […]
Bremer: We did a Good Job in Iraq
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Hala Gorani speaks to Paul Bremer, former U.S. administrator in Iraq, about what he'd recommend President Obama do about ISIS' gains in Iraq: