Fake Iraqi Dinar found in Maysan
By John Lee. Maysan [Missan] police have reportedly arrested a gang producing counterfeit Iraqi dinars in the city of Amara. According to a report from NINA, the gang of three people was found in possession of fake dinars, and the case will be presented to the judiciary. (Source: NINA) (Dinar image via Shutterstock)
Video: US Welcomes France joining Airstrikes
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The United States welcomed an announcement by French President Francois Hollande that France would join US-led air strikes against Islamic militants in Iraq.
Women in Islam – a Wider Perspective
By Dr Natalie Schoon, Islamic finance expert. This article was original published by Nina Magazine, (www.nina-iraq.com) and is republished here with their permission. It is un-Islamic for Muslim women to laugh out loud in public. At least, this is what was stated by a senior Turkish cabinet member early summer 2014. Unfortunately, he is not alone […]
The Time is Now
By Padraig O'Hannelly. What are we to make of the current situation in Iraq? The country has a new government, which is a positive development, but the Prime Minister's nominations for some key posts have been rejected. Meanwhile, the US is hitting the Islamic State (IS) with airstrikes, but President Obama confirms that there will […]
Kurdish Oil Exports top $1bn
By John Lee. The Kurdistan Region of Iraq has exported more than 14 million barrels of oil from its independent oil pipelines to Turkey in the last nine months, according to a report from BasNews. A spokesman for the KRG's Natural Resources Committee told the news agency that the exports have brought in over 1 […]
KRG Thanks US for Supporting Peshmerga
Minister Falah Mustafa, Head of the Department of Foreign Relations, began a weeklong visit to Washington DC by thanking America for supporting the peshmerga in their battle against the Islamic State of Iraq and al-Sham and briefing US congressmen and businesspeople about the humanitarian crisis facing the Kurdistan Region. Minister Mustafa will be joined by […]
Video: IS Not a Repeat of Gulf, Iraq Wars
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US Secretary of State John Kerry tells the Senate Foreign Relations Committee that US military action to counter Islamic State militants in Iraq and Syria is not a repeat of the Gulf or Iraq […]
Currency Auction Results, 18th Sept
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Thursday. A total of $189,741,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Petroceltic Switches Focus to Dinarta
By John Lee. In its interim results on Wednesday, Petroceltic gave an update on its operations in Iraqi Kurdistan. The company, along with Hess (as operator) has been active in the Kurdistan Region since 2011 when the Shakrok and Dinarta blocks were awarded with Petroceltic holding a 16% interest in each. Activity for the first […]
Currency Auction Results, 17th Sept
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Wednesday. A total of $218,422,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Weekly Security Update, 09 – 15 September 2014
By Anne-Laure Barbosa at Constellis Consulting The formation of the new Iraqi government last week led to the swift mobilisation of several Western powers pledging support to the Kurds and Iraqi forces. On 15 September, leaders from thirty countries promised to help fight the Islamic State militants in the north of Iraq, following an international meeting […]
Parliament Rejects Defense, Interior Ministry Candidates
By John Lee. The Iraqi parliament has rejected the two candidates proposed by Prime Minister Haidar al-Abadi for the posts of Interior Minister and Defense Minister. In what Bloomberg describes as a setback for efforts to unite the country against the Islamic State, moderate Sunni Jaber al-Jaberi has been rejected as defense minister, and Riyad […]