US Treasury Sanctions Iraq-based Money Services Business
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions today on Afaq Dubai, an Iraq-based money services business (MSB) that has been moving money for the Islamic State of Iraq and Syria (ISIS). Today’s designation follows action taken by the Department of Defense—announced on October 11—against a key ISIS financial […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th October 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD634 (-3.8%) / $678 (-3.8%) (weekly change) (-21.6% and -18.9% YTD change, respectively). The number of week traded […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Food Security and Livelihoods Program Manager, Triangle Génération Humanitaire (TGH) Programme Associate, UNAMI - United Nations Assistance Mission for Iraq Information Management Officer, UNAMI - United Nations Assistance Mission for Iraq STTA Sexual and Gender-Based Violence Advisor, Global Communities Sexual and Gender-Based Violence […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Coordinator, Première Urgence Internationale (PUI) Technical Project Engineer, IOM - International Organization for Migration Local Security Assistant, IOM - International Organization for Migration Project Officer (Enterprise Development Fund Management), IOM - International Organization for Migration Programme Coordinator (Economic Recovery), IOM - […]
Siemens may have to share $15bn Power Deal with GE
By John Lee. Germany's Siemens may have to share a $15-billion contract to supply power-generation equipment to Iraq with US rival General Electric (GE). The Financial Times reports that although it appeared that Siemens would win the deal, the Trump administration successfully intervened on behalf of GE. Last month German business newspaper Handelsblatt reported that […]
IBBC in Productive Trade Mission to Baghdad
Iraq Britain Business Council completes productive trade mission to Baghdad IBBC recently completed a productive mission to Baghdad, meeting with high-level government officials and British authorities in Iraq. Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq led the delegation alongside Mr Rasmi Al Jabri, Deputy Chairman of IBBC, […]
Spanish Firm to supply Atomic Energy Agency in Iraq
By John Lee. A Spanish company has won a tender to supply and deliver digital colour doppler ultrasound system to the International Atomic Energy Agency (IAEA) in Iraq. The value of the contract with Semitek Group - David Garcia Arribas has not be disclosed. (Source: UNGM)
Will Nadia Murad’s Nobel Prize help Iraqi Minorities?
By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Nadia Murad, the Iraqi Yazidi, has been awarded the 2018 Nobel Peace Prize. This has raised the expectations and hopes of Iraqi minorities, especially Yazidis, since she is the […]
Iran masses Troops on Iraq Border
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. IRGC masses troops on Iraq border amid rising tensions with Kurdish groups Iran’s Islamic Revolutionary Guard Corps (IRGC) is launching increasingly daring operations to degrade the capabilities of armed […]
Urgent AMAR Appeal for Widows and Orphans
For hundreds of millions of families around the world, the recent Eid celebrations were a time for family, friends, joy and celebration. A time of prayer, exchanging gifts, embracing the wider community and extending to others their religious generosity. But for millions more, particularly widows and children, there could be no celebration as they continued […]
Population Growth in Iraq raises Concerns
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. British Ambassador Jonathan Wilks warned at a press conference last month that, at its current rate of growth, Iraq's population would increase by a million people per year. Iraq's Central […]
Air Arabia launches fourth Iraqi Destination
Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), has announced the launch of non-stop service to the city of Sulaymaniyah in the north of Iraq. The new service from the carrier’s primary hub in Sharjah marks Air Arabia’s fourth destination in Iraq and 152 worldwide. From November 6, 2018, […]