Khalilzad Bank Account Unfrozen
By John Lee. A bank account belonging to Zalmay Khalilzad, the former U.S. envoy to Iraq, and another belonging to his wife, Cheryl Benard, have been unfrozen by the high court in Vienna, Austria. According to a report from Bloomberg, the the accounts were unfrozen on 3rd September, a week before reports that the U.S. […]
UNESCO targets 10,000 Out-of-School Children
UNESCO officials concluded a series of meetings held with director generals in Ministries of Education in the central government in Baghdad and the Kurdistan regional government, as well as representatives from local NGOs, to discuss ways to enhance cooperation and accelerate the implementation of UNESCO programmes targeting 10,000 out-of-school children and youth in Iraq. “UNESCO […]
‘Cultural Sinbad’ Spreads Literature across Iraq
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Modern-Day ‘Cultural Sinbad’ Spreads Literature across Iraq The worsening violence plaguing Iraq has not prevented the bookseller Star Mohsen Ali from organizing book fairs in cities and provinces across the country. Since […]
Currency Auction Results, 11th Sept
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Thursday. A total of $195,372,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Moving Beyond Tribalism
By Padraig O'Hannelly. The world has broadly welcomed the approval by the Iraqi parliament of the new cabinet of Prime Minister Haider al-Abadi. While the formulation of the new cabinet attempts to keep all factions involved and working together, it was clear from al-Abadi's speech that his arm was twisted in the negotiations, and that […]
Oil Discovered at Block 9
By John Lee. Shares in Dragon Oil closed up 0.2 percent on Wednesday following the discovery of oil at Block 9. Kuwait Energy, Dragon Oil's partner in Block 9, issued the following update on the exploration well, Faihaa-1, being drilled in the block: Kuwait Energy announces that the consortium comprised of Kuwait Energy (70% and […]
More Companies Join IBBC
By John Lee. Influential trade body, the Iraq Britain Business Council (IBBC), has welcomed three new members since the start of August: Zaha Hadid Architects (ZHA), the internationally renowned design firm – with British-Iraqi Pritzker Architecture Prize winner Zaha Hadid at its helm – is set to bring its bold and visionary design to Iraq, […]
UK Gives Arms to KRG
By John Lee. At the request of the government of Iraq to provide urgent military support, the UK will supply heavy machine guns and nearly half-a-million rounds of ammunition. China's Xinhua news agency values the assistance at $2.6 million (3 billion Iraqi dinars). According to the statement from the British Ministry for Defence, this will […]
Parliament Approves the Abbadi Cabinet
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The new Iraqi cabinet headed by Haydar al-Abbadi [Abadi] has been approved by the […]
Video: Kurdish Ties to Iraq Continue to Thin Out
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Kurdish officials have said that they will support the Iraqi central government and Prime Minister Haider al-Abaddi's cabinet for a three month trial period. But the union remains on shaky ground, with the […]
Video: Interview with Hoshyar Zebari
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Christiane Amanpour speaks with Iraq's new Deputy Prime Minister Hoshyar Zebari.
Video: Iraq's Govt - United and Inclusive?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. New prime minister Haider al-Abadi wins parliamentary approval for a power-sharing cabinet. Adrian Finighan speaks to Tariq al Hashimi - a former vice president of Iraq; Ahmed Rushdi - Director of the House […]