Germany’s New Consul General visits DFR
The new German consul general to Erbil, Dieter Lamle, visited the KRG Department of Foreign Relations on Monday to introduce himself and to discuss latest developments with Minister Falah Mustafa, Head of the KRG Foreign Relations. In welcoming Mr Lamle, Minister Mustafa stated that the Kurdistan Region strongly values its ties with Germany and praised […]
Latvian Ambassador Visits Kurdistan
The Ambassador of the Republic of Latvia to Turkey, Iran, and Iraq, Mr. Atis Sjanits, visited the KRG Department of Foreign Relations on Monday to discuss political, security, and humanitarian developments in Kurdistan and the wider Region. In his first visit to the Kurdistan Region, Ambassador Sjanits commended the KRG for the security and stability […]
Currency Auction Results, 20th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks took part in its currency auction on Tuesday. A total of $224,696,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Record Oil Production set to Increase
By John Lee. Iraq produced a record of around 4 million barrels per day (bpd) of crude oil in December, Oil Minister Adel Abdel Mehdi (pictured) told a press conference on Sunday. This beat the previous record for Iraqi production of 3.56 million bpd in 1979, according to an official from the State Oil Marketing […]
UAE Offers Mirage Fighters to Iraq
By John Lee. Defense News cites a source within the government of the United Arab Emirates as saying that the UAE may sell up to 10 Mirage 2000-9s fighter jets to the Iraqi Air Force in March. The decision comes following a visit by the Iraqi Prime Minister, Haider al-Abadi, to Abu Dhabi in December. […]
Video: Daily Life in Erbil
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, some of the heaviest fighting between ISIL fighters and Kurdish Peshmerga forces is taking place outside Erbil, the capital of the autonomous Kurdish region. But people in the city itself enjoy […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th January 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,292 / $1,375 (-7.2%) (weekly change). The number of week traded shares was 4.3bn and the weekly trading […]
Saudi Arabia to Open Consulate in Erbil
A high ranking delegation from the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia, headed by Mr. Abdul-Rahman al-Shahri, visited Kurdistan Region to prepare the opening of the Saudi Arabian Consulate in Erbil in a near future. In a meeting held yesterday with the Kurdistan Region Prime Minister, Nechirvan Barzani, Mr. al-Shahri stated […]
Iraqi FM Receives Chinese Ambassador
By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari received on 15th January the Chinese ambassador to Iraq, Mr. Wang Yong. Dr. Jaafari hailed the Chinese support for Iraq in its war against terrorism through its humanitarian assistance to the displaced people, pointing out that Iraq is looking forwards to establishing better relations with China, and […]
Iraq to Start Importing Gas from Iran in May
By John Lee. A director of the National Iranian Gas Company (NIGC) has said that Iran plans to begin supplying natural gas to Iraq on a regular basis by May of this year. Azizollah Ramezani said about six to seven kilometers of the pipeline has yet to be laid on the Iraqi side of the […]
Currency Auction Results, 19th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Monday. A total of $166,606,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iranian Oil Passed Off as Iraqi
By John Lee. Reuters reports that a shipping insurer has warned that Iranian oil is being disguised as Iraqi, in an attempt to flout sanctions on Tehran. Insurer West of England said that Iranian crude labelled as Iraqi crude from Basra was being transferred ship-to-ship (STS) by smugglers at the Khor Fakkan port in the […]