Traders Arrested for selling Counterfeit Iraqi Dinars
Security forces have reportedly confiscated many USD and Euro bills and 88 million Iraqi Dinars (IQD) in counterfeit banknotes in Erbil province since the start of 2018. According to Kurdistan24, 100 suspects have been arrested for dealing and trading in counterfeit dinar. Full story here. (Source: Kurdistan24)
Market Review: Volumes and Reversion to the Mean
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The end of the month brought with it the end of the multi-month paralysis in government as the designated prime minister was confirmed by parliament […]
Turkey: The Most Desired Citizenship Program among GCC Expats
Advertising Feature By Veronica Cotdemiey, CEO of Citizenship Invest. Turkish Nationality: The Most Desired Citizenship Program among GCC Expats Citizenship by Investment programs have been witnessing some major changes and one of them is the introduction of the new Turkish citizenship program which was published on the Official Gazette and entered into force in September […]
AMAR, Coca-Cola Foundation Replenish Water in the Marshes
Amar and Coca-Cola Foundation Start Project to Replenish Water in the Iraqi Marshes The AMAR International Charitable Foundation has begun construction of a domestic-wastewater-purification system in the Mesopotamian Marshes, where all 30 houses in the village of Al Adhaima will be connected to the network. The project, which is being funded as part of The Coca-Cola Company’s […]
ISIL’s Legacy of Terror: at least 200 Mass Graves
ISIL’s legacy of terror: at least 200 mass graves in Iraq More than 200 mass graves containing the remains of thousands of victims have been discovered in areas formerly controlled by ISIL in Iraq, according to a UN report released Tuesday. The report highlights the legacy of ISIL’s relentless campaign of terror and violence and […]
UNDP Supporting Women Survivors of Trauma
UNDP Supporting Women CRSV and SGBV Survivors of Trauma After a long process of a series training and consultations meetings which started in October 2017 targeting 114 female social workers in collaboration with the Iraqi Ministry of Labor and Social Affairs/ Directorate of women protection, UNDP started developing a national analytical report for women survivors […]
Rebuilding & Reconstruction - Iraq - Delivering the Vision
Rebuilding & Reconstruction - Iraq - Delivering the Vision Register Now IBBC returns to Dubai on 25 November with a full agenda of expert speakers to discuss the most important issues facing Iraq's economy. Baroness Nicholson of Winterbourne, President of IBBC and The Prime Minister's Trade Envoy to Iraq, Azerbaijan, Turkmenistan & Kazakhstan will open the conference, alongside […]
US "to Grant Iraq Waiver over Iran Sanctions"
The United States has told Iraq that it will be allowed to keep importing crucial gas, energy supplies and food items from Iran after Washington reimposes sanctions on Tehran’s oil sector, three Iraqi officials said. The waiver is conditional on Iraq not paying Iran for the imports in US dollars, said the officials, who included […]
Contracts Awarded for Demining Equipment
By John Lee. Two companies have won tenders to supply Safety and Security Demining Equipment and Binoculars to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with US-based Sarkar Tactical Ltd is valued at $21,260, while the contract withUS-based OKI General Trading is valued at $2,725. (Source: UNGM)
US Trade Mission to Baghdad in December
U.S. Chamber of Commerce Business Mission to Baghdad: December 9-11, 2018 The U.S. Department of State and the U.S. Chamber of Commerce are pleased to announce the first business mission for American companies to Baghdad since the 2018 parliamentary elections. Delegates will have an opportunity to meet Iraqi leadership and learn about commercial and investment […]
New NATO Mission in Iraq
NATO continues to strengthen Iraqi security structures through new mission in Iraq On 31 October 2018, a new NATO-led mission in Iraq started its work to further develop the Iraq’s security institutions and structures. The new mission, called NATO Mission Iraq, was launched at the NATO Summit held in Brussels on 11 and 12 July […]
KRG Update on Oil Production and Ops
Tawke Licence: The Kurdistan Regional Government notes the updates by DNO and Genel Energy on November 1st regarding production increases under the Tawke Production Sharing Contract (PSC). The KRG is pleased with the efforts of the Tawke PSC Contractors in the Peshkabir area of the Tawke PSC Licence, where production has risen to over 50,000 […]