CBI Currency Auction Results, 13th Aug
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Wednesday. A total of $290,959,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
UN Officials urge Respect for Constitution
Amidst ongoing insecurity in northern Iraq, Secretary-General Ban Ki-moon and his representative in the country expressed support today for President Fouad Masoum’s office, as politicians are working towards creating a new Government, and warned that heightened political tensions could lead Iraq into even deeper crisis. Mr. Ban “commends Iraqi President Fuad Massoum for having charged […]
Mass Polio Vaccination Campaign
Mass Polio Vaccination Campaign Supported by WHO and UNICEF Kicks Off in Iraq Iraq has launched a polio immunization campaign aiming to protect over four million children under the age of 5 throughout the country against the crippling disease. The four-day campaign, undertaken by the Ministry of Health with the support of WHO and UNICEF, […]
Obama: A Opportunity Squandered
In an interview with Thomas L. Friedman of the New York Times, US President Barack Obama has said that a residual U.S. troop presence in Iraq would never have been needed had the Shiite majority not “squandered an opportunity” to share power with Sunnis and Kurds. “Had the Shia majority seized the opportunity to reach […]
Analyst: Political Moves in Iraq
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The nomination of a new Iraqi prime minister could giveIraqis "a nationalistic surge," says CNN military analyst.
Video: Obama's Balancing Act over Iraq Crisis
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US President Barack Obama is warning that the fight against the Islamic State group may take time. Speaking before US fighter jets carried out a new round of air strikes, Obama blamed Iraqi […]
CBI Currency Auction Results, 12th Aug
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Tuesday. A total of $267,310,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Weekly Security Update, 05 - 11 August 2014
By Anne-Laure Barbosa at Constellis Consulting After months of parliamentary deadlock, President Massoum nominated Haider al-Abadi as Prime Minister on 11 August, effectively removing incumbent Prime Minister Nouri al-Maliki from office. This nomination follows lengthy and opaque negotiations between Massoum and leaders from the Shia National Alliance, of which Maliki’s State of Law coalition is a […]
US arming Kurdish forces
By Patrick Schmidt. Following recent gains of Kurdish security forces, in addition to a recent setback in Jalawla in northern Diyala, American officials have hinted that various government agencies have begun supplying Kurdistan with weapons to fight the Islamic State of Iraq and the Levant (ISIL). To date, America has mostly focused its attention on […]
Oil Prices in Flux During Crisis
By Patrick Schmidt. Crude oil reached $105 dollars per barrel late last week despite the ongoing crisis and advance of the Islamic State of Iraq and the Levant (ISIL). The increase came after a period of unusually low oil prices in the global market. Oil has fallen over $10 dollars over the past two months […]
Axeon to Refuse Kurdish Crude
By Patrick Schmidt. On Monday, August 11, Axeon Specialty Products announced that they would no longer accept any shipments of crude oil from the Kurdistan Regional Government (KRG). The tanker Minerva Joy arrived at a New Jersey port with the intention of delivering their cargo to Axeon; however, the tanker has not offloaded any of […]
New PM Named to End Maliki's Rule
By Laith Hammoudi. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News Iraqi president Mohammed Fuad Masum has asked Haider al-Abadi […]