Currency Auction Results, 8th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 13 banks took part in its currency auction on Thursday. A total of $141,979,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Wood Group Completes Kurdistan Oil Project
By John Lee. Wood Group Intetech (WG Intetech) has successfully completed a six-month project for Hungary's MOL Group, which saw WG Intetech develop a detailed design for an acid gas reinjection well on MOL’s Akri-Bijeel field in Iraq. The scope of the agreement included well design and comprehensive materials selection for all well components. Dr […]
US Donates 250 Armoured Vehicles
By John Lee. In support of the Iraqi Security Forces (ISF), the United States has donated 250 mine-resistant, armor-protected (MRAP) vehicles to the Iraqi Government. U.S. Ambassador to Iraq, Stuart Jones, commented: “The number one threat to the Iraqi security forces are roadside bombs and vehicle-borne bombs…These MRAP vehicles provide increased ballistic and counter mine […]
Iraq Ebola Rumours Unfounded
The Ministry of Health in Iraq, in collaboration with the World Health Organization (WHO), has confirmed that there is no suspected case of Ebola Virus Disease (EVD) in Iraq as of January 5th 2015. On 31 December, 2014, Al-Sabah newspaper, Shafaq news agency and Rudaw online newspaper reported a rumor of EVD cases in Mosul, […]
Poll: End of the Road for Iraqi Dinar Scam?
By Guest Blogger. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. For several years, con artists have been peddling the Iraqi Dinar scam – the myth of a massive revaluation of the Iraqi dinar, but that may be about to change. Using a range […]
Noor: Managing an All-Male Team for GE
By Duraid Adnan. This is an extract from an article originally published by Nina Magazine, and is reproduced here with permission. An inclusive working environment is one where everyone feels valued. Individual relationships are of course at the heart of positive partnerships, but the employer must also foster an environment that supports collaboration – between […]
IS Book Burnings Target Minorities
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. For decades, the overland route between western Iraq and Lebanon has been the busiest and most important passage for the transportation of books and publications to Iraq. Today, the route has fallen under control of […]
Currency Auction Results, 7th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks took part in its currency auction on Wednesday. A total of $250,297,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Weekly Security Update, 30 December 2014 - 05 January 2015
National Overview One year on from the start of the militant uprising in Anbar province, Iraq’s fractured regions remain on sharply different political trajectories. In the Sunni heartlands of Ramadi and Fallujah where an initial protest by local tribesmen forced the withdrawal of the Iraqi security forces in December 2014, ISIS units launched a major […]
IEITI 4th Annual Report - Pros and Cons
IEITI 4th Annual Report 2012- Pros and Cons By Ahmed Mousa Jiyad. For the fourth year in a row Iraq Extractive Industry Transparency Initiative (IEITI) has been successful by releasing, in December 2014, its annual report entitled this year: Iraqi Oil Revenues 2012, Local Consumption and Field Development. A thorough review and analysis indicate that […]
Iran, Iraq to Cooperate on Healthcare
By John Lee. The Managing Director of Iran's Social Security Organization, Taqi Nourbakhsh, has told Iraqi Health Minister Adilla Hamoud Hussein (pictured) that Iran is ready to cooperate and share its experience with Iraq in the social insurance and healthcare tourism sectors. The Iranian organization operates 73 hospitals and 354 medical treatment centers, serving a […]
US Considers Upgrades for Iraqi Tanks
By Patrick Schmidt. Like the United States, Iraq’s main battle tank is the M1A1 Abrams, manufactured by General Dynamics. The United States Army is considering providing additional technology for Iraqi tanks including mine clearing blades/rollers, heavy-duty armor tiles, stronger belly armor, as well as other features. Many of these features will assist in the fight […]