Oil Export Data from KRG
By John Lee. The Kurdistan Regional Government (KRG) has published the Monthly Export Report for April, 2015. The detailed report provides a summary of crude oil exports in April through the Kurdistan pipeline network to the port of Ceyhan in Turkey. The report also indicates the volumes provided to SOMO by the KRG in line […]
Women in Islam – A Fair Share of Inheritance
By Dr Natalie Schoon, Islamic finance expert. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. At a time when women generally had little to no rights, the Quran introduced equality between genders. Women were not owned by their husbands, but were considered independent and could have their […]
Central Bank Rejects Redenomination of Dinar
By John Lee. The parliamentary economic and investment commission has reportedly said that the Central Bank of Iraq (CBI) is not able to redenominate the Iraqi dinar, deleting the three zeros. According to a report from Shafaq News, this is "due to the unstable economic situation." Instead, new banknotes worth 50,000 dinars are to be […]
Video: The Current State of ISIL
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Al Jazeera's Imran Khan, reporting from Baghdad, explains ISIL's gains and losses in Iraq.
Video: Fighting for Control of Baiji Refinery
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces and Shiite militias continue to fight Islamic State group jihadists for control the Baiji refinery, Iraq's largest:
Currency Auction Results, 7th May
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks and 1 remittance company took part in its currency auction on Thursday. A total of $151,500,131 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Developing Capacity to Manage Public Funds
Iraq: Developing More Capacity to Manage Public Funds Even amid conflict and fluctuations in oil prices, as home to the world’s third-largest oil reserves, Iraq has the sort of wealth from natural resources that makes it possible for its government to invest in the country’s infrastructure. Iraq spent more than US$51 billion on public procurement […]
m2fx partners with Hevek for Fiber Optic
By John Lee. Fiber optic company m2fx has announced a new partnership with Hevek Company, expanding distribution of its products into Iraq for the first time. Hevek Company will provide customers with m2fx’s full product range, including its tough yet flexible range of pushable fiber cables, lightweight aerial solutions and microducts for Fiber to the […]
Kurds Struggle to Avoid Regional Conflicts
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As a coalition of Sunni Arab states led by Saudi Arabia targets Shiite Houthi forces and their allies in Yemen, Iraqi Kurds are watching with concern and caution, wondering how […]
IDP Camp in Basra, a Story of Social Cohesion
The 5-Miles IDP Camp in Basra, a Story of Social Cohesion The opening ceremony of new shops managed by internally displaced persons in the popular al-Asri market, 5 miles off the city of Basra, marks a story of success. Following a fire in a community of displaced people in Tannoma District, 300 families (2,000 people) […]
Sunni Fighting Force still Months Away
By Mona Alami for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The United States has led an offensive against the Islamic State (IS, ISIS, ISIL) in Iraq since August. It has been backed on the ground by the Iraqi military with the support […]
DNO Doubles Capacity at Tawke
Norwegian oil and gas operator DNO today announced the doubling of capacity at its flagship Tawke field in the Kurdistan region of Iraq to 200,000 barrels of oil per day (bopd). The 200,000 bopd wellhead, processing and pipeline capacity milestone was reached in less than two years with 10 new horizontal wells and the construction […]