Progress in Reconstruction of Mosul Monuments
By Rina Bassist for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. UNESCO makes progress in reconstruction of Mosul monuments Paris-based UNESCO Chief Audrey Azoulay will travel to Mosul in March, to officially launch the second phase of the reconstruction of […]
Ahmed Mousa Jiyad: Nullification of KRG Oil Contracts
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. KRG' Contracts, Laws and Oil Exports are Unconstitutional and Nullified, Federal Supreme Court Decides Federal Supreme Court-FSC in Iraq issued, after ten years of debate and deliberate procrastination tactics, a long-waited constitutional […]
Reopening of Mosul University's Central Library
Moslawis celebrate the reopening of Mosul University's Central Library and Ninewa Federal Court of Appeal The newly-rehabilitated Central Library at Iraq's second-largest university, Mosul University, was officially reopened today by the United Nations Development Programme (UNDP), the Federal Republic of Germany and the Ninewa Governorate. Mosul University's Central Library, once a center of knowledge and […]
Iraq to Open New Consulates Abroad
By John Lee. At its regular meeting the Iraqi Cabinet approved the recommendation of the Ministry of Foreign Affairs to open consulates in the Iranian city of Isfahan; in Melbourne, Australia; and the Irish capital, Dublin. A Cabinet statement added that Iraq "reserves its right to open an Iraqi consulate general in the People's Republic […]
The Death of Oil Federalism? Implications of Court Ruling
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Death of Oil Federalism? Implications of a New Iraqi Court Ruling The legal decision and its political fallout are threatening some of the country's […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th February 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD650 (+1.0%) / $697 (+1.0%) (weekly change) (+4.8% and +4.8% YTD change, respectively). The number of week traded […]
Iraq Air Force resumes use of L-159 Strike Aircraft
By John Lee. The Iraqi Air Force has resumed tasking its Czech-made L-159 and Russian-made Su-25 strike aircraft again for operations during the quarter. According to a recent report from Combined Joint Task Force-Operation Inherent Resolve (CJTF-OIR), the L-159's combat tasking is notable since it had not been used for operations in nearly 5 years. […]
Ericsson Shares Fall on Iraq/IS Bribery Fears
By John Lee. Shares in Swedish telecom company Ericsson closed down nearly 11 percent on Wednesday after the company admitted that some of its employees may have bribed members of the Islamic State group (IS, ISIL, ISIS, Daesh) in Iraq. In a lengthy statement to the markets, the company said: "The investigating team also identified […]
Shvabe starts delivering Medical Equipment to Iraq
By John Lee. Russia's Shvabe Holding has transferred the first batches of infrared heaters and multi-functional inhalation anesthesia devices to distributors in Iraq. The equipment will be used at medical facilities in Baghdad. The Radiant Heat-BONO heater is used as the primary or additional source of heat for newborns during their resuscitation or super-intensive phototherapy […]
Iraq's Bitter Legacy of War Still Lies Hidden Underground
By Jack Losh, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, the Bitter Legacy of War Still Lies Hidden Underground Baghdad can't rebuild its infrastructure and agricultural sector when its land remains littered with thousands of explosive devices. […]
Iraqi Court Rules Against KRG Sales of Oil and Gas
By John Lee. Iraq's Federal Supreme Court has ruled that sales of oil and gas by the Kurdistan Regional Government (KRG), independently of the central government in Baghdad, is unconstitutional. In a statement on Tuesday, the court said that the Oil and Gas Law of the Kurdistan Regional Government, No. (22) of 2007, violated the […]
Asiacell Increases Customer Base and Revenues for FY2021
By John Lee. Mobile phone service Asiacell has reported a healthy increase in its customer base and local-currency revenue. In its results for FY 2021, parent company Ooredoo said: "Asiacell reported revenue of QAR 3.7 billion during 2021, a decrease of 9% mainly due to the devaluation of the Iraqi Dinar by 18%. In local […]