Calls to Address Dinar Rate Fluctuation
By John Lee. The First Deputy Chairman of the parliament has reportedly demanded that the Central Bank of Iraq address the fluctuating exchange rate of the Iraqi dinar against the US dollar, and disclose the reasons. Shafaaq News says that Qusay al-Suhai chaired a meeting of the Finance Committee, in the presence of central bank […]
Video: First Kurdish Fighters Arrive in Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The first group of Kurdish fighters leaving Turkey as part of a peace drive with Ankara arrived to handshakes and embraces in Iraqi Kurdistan early Tuesday after a gruelling week-long journey. (Source: AFP)
Video: PKK Fighters Arrive in Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey is edging closer to ending its 30-year conflict with the PKK. The separatist group is withdrawing as part of a peace process. The first group of fighters has now arrived in Iraq. […]
Kurdistan Real Estate Market Makes Comeback
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The economy of the Kurdistan region of Iraq fluctuates according to the state of relations between Baghdad and the Kurdistan Regional Government. A key indicator of the region’s economy, real estate, […]
Iraq Reopens Trebil Border Crossing
By John Lee. Iraq has re-opened its border crossing point with Jordan on Monday, the state-run Petra news agency reported. Jordan's Ministry of Transport said that the movement of people and goods through the Traibil [Turaybeel, Tirbil, Tarbiel, Trebil] border post (pictured) had returned to normal. Iraqi authorities closed the border for security reasons in […]
Iraq's Future: Post-2015 Development Agenda
Iraqis came together on Sunday to agree on their country’s most pressing needs, and send a message to the international community on what issues should be prioritised after 2015. With only two years remaining before the deadline of the Millennium Declaration Goals (MDGs), the UN is consulting with a wide range of Iraqi civil society, […]
Allawi: Demonstrations Won’t Stop Unless Maliki Resigns
By Ali Abel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqiya List leader and former Prime Minister Ayad Allawi said that the protests in the Iraq provinces that are home to a Sunni majority won’t stop unless Prime Minister Nouri al-Maliki's […]
Foreign Minister Meets Iranian Ambassador
By John Lee. Foreign Minister, Hoshyar Zebari, met on Monday with the Ambassador of the Islamic Republic of Iran, Hassan Danaie Fur, and his delegation. During the meeting, the two officials discussed bilateral relations and ways of strengthening them, in addition to discussing ways to overcome the obstacles faced by Iranian pilgrims coming to Iraq […]
Video: Iraq Rejects PKK Transfer to Kurdistan
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The withdrawal of Kurdistan Workers' Party militants into Iraq's Kurdistan Region has raised controversy in Baghdad. PKK militants are leaving Turkey and moving to Kurdistan under an agreement with the Kurdistan Regional Government. […]
Iraqi Stocks Unfazed by ‘Civil War’
The security situation in Iraq hasn’t looked this bad in quite a while. Following the killing of at least 36 Sunni protestors in Hawijah on April 23, people are now even talking about a possible partition of the country. “It is wrong to say we are getting close to a civil war,” one Iraqi politician […]
Iraq to Rebuild Rail System
Plans to revive Iraq's rail system are gaining pace, reports Reuters. Last year the railway company opened a 32-km line between Mussayab [Musayyib, Musayyab], south of Baghdad, and the holy city of Kerbala to transfer hundreds of thousands of pilgrims during Shi'ite religious festivals. It is also building a new railway parallel to the old […]
TAQA Appoints New MD for Iraq
By John Lee. The Abu Dhabi National Energy Company (TAQA) has appointed Leo Koot as Managing Director of TAQA in Iraq. Mr Koot will be responsible for all of TAQA’s operations in Iraq. He joined TAQA in 2008 and is a Dutch national. David Cook (pictured), TAQA Executive Officer and Head of Oil and Gas, […]