Counter-ISIS Strikes Hit Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 27 strikes consisting of 99 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
Currency Auction Results, 23rd May
By John Lee. The Central Bank of Iraq (CBI) has reported that 40 banks and 10 remittance companies took part in its currency auction on Tuesday. A total of $154,598,421 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Former French Ambassador had Bag Stuffed with Banknotes
By John Lee. France's former Ambassador to Iraq has gone on trial over charges of tax fraud. Boris Boillon (46) was arrested in 2013 trying to take a train to Belgium with €350,000 in cash. The youngest ambassador under President Nicolas Sarkozy, Boillon said the money was payment for work he had done as a […]
Saudi Arabia, Iraq discuss Economic Cooperation
Prime Minister Haider Al-Abadi received the Saudi Arabian Minister of Energy, Industry and Mineral Resources, Khalid bin Abdul Aziz al-Faleh, and his accompanying delegation in his office on Monday. During the meeting, they discussed boosting cooperation in the oil sector, industry, petrochemicals, electricity, minerals, trade and banks, as well as reviewed cooperation to support OPEC […]
Iran Building 2 Sports Arenas in Iraq
During a visit to Iraq, an Iranian deputy minister was updated on the latest status of two sports arenas that Iranian companies are constructing in Baghdad. Mojtaba Khosrotaj, Iran’s deputy minister of industry and head of the Trade Promotion Organization of Iran (PMOI), held a meeting with Iraq’s minister of youth and sports and with […]
Military Strikes Continue Against ISIS Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, conducting 22 strikes consisting of 72 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
Currency Auction Results, 18th May
By John Lee. The Central Bank of Iraq (CBI) has reported that 38 banks and 10 remittance companies took part in its currency auction on Thursday. A total of $153,858,635 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Navistar Wins $18m Iraq Contract
By John Lee. US-based Navistar Defense LLC has been awarded an $18,778,845 firm-fixed-price foreign military sales contract for 115 medium tactical vehicles for Iraq. One bid was solicited and one bid received. Work will be performed in West Point, Mississippi; Ooltewah, Tennessee; and Marion Wisconsin, with an estimated completion date of Jan. 13, 2018. (Source: […]
Water Management is Key to Sustainable Development
Water Management is Key to Sustainable Development and Stability in the Middle East and North Africa The importance of water management for sustainable development and stability in the Middle East and North Africa is at the heart of the League of Arab States’ conference on the Sustainable Development Goals which opened in Cairo yesterday. The […]
Iraq's Turkmen want Kirkuk to become a Separate Region
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The spokesperson for Turkmen political parties in Kirkuk tells NIQASH that his people don’t want to be part of Kurdistan, that they do want a semi-independent region and they hope […]
Soaring Temperatures Next Challenge for Mosul IDPs
It was hard enough coping with flight from conflict-hit areas during the winter months. Now, for the hundreds of thousands of Internally Displaced Persons (IDPs) from Mosul, summer heat is the new challenge. Having survived ISIL, most families are now bracing themselves to battle their second most dangerous enemy – the sizzling sun and the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th May 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD852 (-4.4%) / $877 (-4.4%) (weekly change) (-11.2% and -7.4% YTD change, respectively). The number of week traded […]