Oil Exports Bring in $6.2bn in Oct
By John Lee. Iraq's exports of 76.282 million barrels of crude oil in October brought in $6.241 billion [7.3 trillion Iraqi dinars] in revenues, according to the Iraqi Oil Ministry. AIN reports that Iraq averaged exports of 2.461 million bpd for the month at an average selling price of $81.82 dollars a barrel. These exports […]
Iraq 128th in Prosperity Index
By John Lee. Iraq has risen two places in the Legatum Institute's latest Prosperity Index, ranking in 128th place out of the 142 countries measured. The index ranks countries in eight categories including economic success, opportunity, health, and personal freedom. Norway finishes highest on the annual Prosperity Index for the sixth year in a row […]
Education, Culture Key to Iraqi Peace and Stability
The future of Iraq hinges on the education of its youth and the preservation of its cultural heritage, the head of the United Nations Educational, Scientific and Cultural Organization (UNESCO) affirmed during an official trip to the war-torn Middle Eastern country. “Education is a human rights imperative for you and for all Iraq – it […]
Military Intervention Alone Won't Stop Terrorism
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The rejection of US, regional or international intervention in Iraq is a subject that has almost become more interesting in Iraq than the fight against the Islamic State (IS). The politicians, the […]
Weekly Security Update, 28 October - 03 November 2014
By Anne-Laure Barbosa at Edinburgh International Anbar excluded, casualty figures released by the UN stated that at least 1,273 people were killed and another 2,010 injured in ISIS-related violence across Iraq. Taking into account the areas where ISIS are in full control, these figures are likely to be much higher and the data published by the […]
KRG to Boost Oil Pipeline Capacity
By John Lee. Reuters reports that Iraqi Kurdistan plans to increase the capacity of its oil pipeline to the Turkish port of Ceyhan to 700,000 bpd. Work to upgrade the line is expected to boost the flow from 280,000 bpd at present to 400,000 bpd by year-end, eventually reaching the design maximum of 700,000 bpd. A […]
Interview: Helping the People of Iraq
By Padraig O’Hannelly. Readers of Iraq Business News will already know Baroness (Emma) Nicholson of Winterbourne (pictured) as the UK’s Trade Envoy to Iraq, and as Chairman of the Iraq Britain Business Council (IBBC). We met with her recently to discuss the work of her charity, the AMAR International Charitable Foundation, which is facing new […]
No SOMO Office for Erbil
By John Lee. Nechirvan Barzani (pictured), Iraqi Kurdistan's Prime Minister, has denied reports that Iraq’s State Oil Marketing Organization (SOMO) will open an office in Erbil. Kurdish MP, Dilshad Sha’ban, has also told BasNews: “After we heard reports of SOMO wants to open office in Kurdistan region, we followed on the report, and we found […]
Iraqi Weapons Trade Thrives
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. An Iraqi blogger wrote on the Facebook page "Buying and Selling Weapons in Iraq,” an account he also manages: “Needed anti-armor rocket propellers. Anti-personnel missiles available." This Facebook page consists of […]
Casualty Figures for October 2014
According to casualty figures released today by UNAMI, a total of at least 1,273 people were killed and another 2,010 were injured in acts of terrorism and violence in October*. The number of civilians killed was 856 (including 139 civilian police), while the number of civilians injured was 1,490 (including 172 civilian police. A further […]
Video: Refugees Replace Students in Classrooms
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The conflicts in Iraq and Syria have disrupted the education of millions of children as schools turned into refugee centres habrouring hundreds of thousands of familes who have been displaced. More than 400 […]
Video: Kurdish Forces Battle ISIL
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In northern Iraq, Al Jazeera's been seeing how Kurdish Peshmerga gunmen are battling ISIL fighters. They are fighting control of the town of Rabea close to the Syrian border. Al Jazeera's Charles Stratford […]