Shelter Needs Acute in Northern Iraq
As the UN refugee agency continues a major aid operation for almost half a million displaced people in northern Iraq, pressure on accommodation remains acute. "Many schools are still being used to house the displaced. In addition, there is urgent need to reinforce tents and other housing in preparation for the coming winter," UNHCR spokesman […]
Abadi's Balance Draws Praise
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. Abadi's Balance Draws Praise, but Governing Iraq a Tightrope Act Iraq’s Prime Minister-designate Haider al-Abadi has not sought media attention or stirred up political, sectarian and nationalist sensitivities in speeches and statements […]
When Extremists Become Bad Bank Managers
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. Paying For The Caliphate: When Extremists Become Bad Bank Managers In Mosul Up until now, locals in Mosul, the northern city under the control of Sunni Muslim extremists, have not […]
Iraq Sues Shipping Firm for "Illegal" Kurdish Exports
By John Lee. Iraq has taken legal action against Greece’s Marine Management Services (MMS) over its role in the export of crude oil from Iraqi Kurdistan, which Baghdad regards as illegal. The tanker concerned, the Marshall Islands-flagged United Kalavrvta (pictured), is still said to be fully laden off the coast of Texas, carrying $100m worth […]
Kurds Re-start Crude Oil Export to Iran
By John Lee. The Kurdistan Regional Government (KRG) has reportedly resume the export of oil by truck to Iran. Iran closed its border crossings with the KRG for Kurdish crude oil exportation early last month. (Source: BASNEWS)
IBBC Signs MOU with Babylon Investment Commission
By John Lee. The Iraq Britain Business Council (IBBC) has announced that a memorandum of understanding (MoU) has been signed with the Babylon Investment Commission. Mr Alaa Harba, Chairman and Director General of the Commission, and Baroness Nicholson signed the memorandum on 3rd September at the IBBC’s London office. The MoU can be seen here. […]
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 […]