Saudis Provide Homes to Displaced Families
Funding from Saudi Arabia to the UN will allow UN-Habitat to provide shelter options for internally displaced people, commonly referred to as IDPs, in the Kurdistan region of Iraq. Following the takeover of Mosul by the Islamic State of Iraq and the Levant movement – ISIL – last June and the influx of more than […]
Call to End Sectarian Quotas for some Ministries
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. Iraqis Call to End Sectarian Quotas for some Ministries On Aug. 21, intellectuals and trade unionists met in a hotel in central Baghdad for a conference calling on Prime Minister-designate Haider al-Abadi, […]
200 Laws In Limbo, 6,000 Unfinished Projects
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s New Parliament: 200 Laws In Limbo, 6,000 Unfinished Projects And One Messy Constitution As Iraq’s new government slowly evolves into a sitting Parliament, there are hundreds of pieces of […]
Zain Maintains Plan for IPO
By Patrick M Schmidt. Despite more than a three year delay and the current security situation in Iraq, Zain has announced that they still intend to commit to their initial public offering. "Against the backdrop of security and safety issues, Zain Iraq is today mainly focused on maintaining its network and providing much needed mobile […]
Currency Auction Results, 4th Sept
By John Lee. The Central Bank of Iraq (CBI) has reported that 13 banks took part in its currency auction onThursday. A total of $166,109,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Getting the Balance Right
Iraq-watchers are eagerly awaiting the announcement of Prime Minister-designate Haider al-Abadi's proposed cabinet, which is due to be put before parliament in the coming week. As always, it will be a difficult balancing act, but now more than ever it will be crucial to get that balance right. Under 'normal' circumstances, it would seem sensible […]
Kurdish Oil Income Reaches $4bn
By Patrick M Schmidt. The Kurdish Natural Resource Committee has announced that sales of Kurdish crude oil have exceeded $4 billion over the past year. Current crude export figures hover between 120,000 to 150,000 barrels of oil per day. That crude is then piped up to Turkish ports for export. The committee also confirmed that […]
ShaMaran Restarts Drilling at Atrush
By John Lee. ShaMaran Petroleum has announced the resumption of drilling operations on the Atrush block in the Kurdistan Region of Iraq. Drilling operations at the Chiya Khere-8 development well were suspended for a total of 21 days by TAQA (the Abu Dhabi National Energy Company), operator of the Atrush Block, as a precautionary measure, […]
KRG Reviews Economy, Housing Legislation
Prime Minister Nechirvan Barzani yesterday chaired a meeting of the Kurdistan Region’s High Council for Investment to discuss various issues related to investment and the economy. In the meeting, implications of the current situation and the latest developments in the Kurdistan Region were discussed, as well as the economic crisis and the effects that Baghdad’s […]
Oryx Resumes Kurdistan Operations
By John Lee. Oryx Petroleum has announced an update for its operations in the Hawler license area of the Kurdistan Region of Iraq. Commenting today, Oryx Petroleum´s Chief Executive Officer, Michael Ebsary (pictured), stated: “We are very pleased that tangible improvements to the security environment in the Kurdistan Region have enabled us to resume all […]
Underage and Trapped: Female Iraqi Factory Workers
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. Underage and Trapped: Female Iraqi Factory Workers Need Help Shayma Hassan, 16, walks 2 kilometers (1.2 miles) each day to the brick factory in Bahr al-Najaf in the city of Najaf, […]
UN to Dispatch Team to Iraq
By Patrick M Schmidt. The United Nations (UN) announced that investigators would be sent to Iraq to research the numerous atrocities committed by the Islamic State (IS). The team will consist of eleven investigators who will be budgeted $1.18 million for their inquires and projects. The United Nations currently suspects the Islamic State (IS) of […]