Currency Auction Results, 17th Feb
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks took part in its currency auction on Tuesday. A total of $79,650,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Erbil, Baghdad Renew Commitment to Oil Agreement
A Kurdistan Regional Government senior delegation, headed by Prime Minister Nechirvan Barzani was received in Baghdad yesterday by Iraq’s Prime Minister Haider al-Abadi and a number of Iraq’s federal government officials. The two sides held two meetings during this one day visit of the Kurdistan Region delegation to Baghdad. The main objective of the meetings […]
Iran-Iraq Sign Cooperation Deals
Dr. Haider al-Abadi, the Prime Minister, received Mr. Isaac Jhangere [Es'haq Jahangiri], Vice President of the Islamic Republic of Iran, who arrived in Baghdad this morning at the head of a senior-level delegation. After an official reception ceremony, a bilateral meeting was held to tackle the development of relations between the two countries and issues […]
Iraq has Lost Billions from Gas Flaring
By John Lee. The former head of the Energy Studies Department at the Opec Secretariat in Vienna has said that delays in capturing associated gas from Iraq's oilfields is costing the country billions of dollars. Saadallah Al Fathi told GulfNews.com that the Basra Gas Company (BGC) is very slow in rehabilitating and maintaining the plants […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th February 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,264 (-2.2%) / $1,323 (-2.4%) (weekly change) ) (-9.3% and -10.7% YTD change, respectively). The number of week […]
KRG Pres Barzani meets with US Commander
President Masoud Barzani received a United States military and diplomatic delegation at his office today. The U.S. delegation was headed by General Joseph Votel, the Commander of the Special Operations Command as well as the U.S. ambassador to Iraq and other U.S. defense and state officials. During the meeting President Barzani shared his perspective on […]
Anbar Officials Reject Shiite Forces
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Anbar Officials Reject Shiite Popular Mobilization Forces Officials in Iraq's Anbar province are concerned about the members of popular mobilization forces carrying out sectarian revenge operations against the residents of the province, […]
Currency Auction Results, 16th Feb
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks took part in its currency auction on Monday. A total of $87,650,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraqis Play Politics with Mosul Investigation
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqis had high hopes when in December, following months of waiting, a committee began an investigation into last June's fall of Mosul to the Islamic State. At the start, the committee banned more than 50 […]
Why Salafists see Shiites as their Greatest Enemy
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. Helping Shiite groups in their military operations against Israel or the United States has always been a source of discord among Salafists. Radical Salafists consider both Shiites and Jews the enemies of Islam. But anti-Shiite […]
Jordan Offers Military Assistance to Iraq
By Patrick Schmidt. Following a meeting with Jordanian General Mohammed al-Zaben, Iraq’s Minister of Defense Khaled al-Obaidi announced that Jordan had offered all of its military power to assist in the fight against the Islamic State (IS, ISIS, ISIL). The Jordanian general relayed the message from King Abdullah. Jordan has taken an increasingly active role […]
Kurds Reject Proposed Rival Force in Kirkuk
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. A law to found a paramilitary National Guard force in Iraq to assist in the fight against the Islamic State (IS) has put Kurds at loggerheads with other communities in northern […]