Head of DFR discusses humanitarian situation with WFP
The Head of the KRG Department of Foreign Relations, Falah Mustafa, received a United Nations World Food Programme (WFP) delegation that included Celebrity Partner for UNWFP for Iraq, Ms. Suhair Al-Qaisi, and Head of the Erbil Office Moayad Hameidi. In the meeting Minister Mustafa appreciated the role Ms. Al-Qaisi is playing in supporting, helping the […]
Inherent Resolve Strikes Target ISIS in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition military forces conducted 15 strikes consisting of […]
Currency Auction Results, 5th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 11 remittance companies took part in its currency auction on Wednesday. A total of $159,376,527 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq: Confidence is in the Air
At a major Iraqi business event on Monday, there was a strong sense that Iraq's fortunes are turning a corner, with the Islamic State group (IS, ISIS, ISIL, Da'esh) on the retreat, and substantial export funding newly available for projects in the country. More than 250 delegates attended the Iraq Britain Business Council (IBBC)'s Spring […]
Lukoil in Iraq Oil Trading Deal
By John Lee. Iraq's State Oil Marketing Organization (SOMO) and Russia's Lukoil have formed a joint venture to market crude oil. In a statement, the Iraqi Oil Ministry said Litasco -- Lukoil‘s international marketing and trading arm -- would help sell Iraqi crude and train Iraqi staff in marketing. (Source: Ministry of Oil)
More than 500 Iraqi Civilians Killled in March
A total of 548 Iraqi civilians were killed and another 567 were injured in acts of terrorism, violence and armed conflict in Iraq in March 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in March (not including police) was 543, while the number […]
IS Bomb Caused Mosul Civilian Casualties, Officials Say
Iraqi officials believe that the March 17 blast in Mosul that killed 61 civilians -- including many women and children -- was caused by the blast of an Islamic State of Iraq and Syria vehicle-borne explosive device. Saeed al-Jayashi, a spokesman for the Iraqi military, said an examination of the site shows that the building […]
Counter-ISIS Strikes Continue in Syria, Iraq
U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria, conducting 27 strikes consisting of 55 engagements against ISIS targets yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in […]
Currency Auction Results, 4th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $159,961,907 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Japan to Resume Lending to Iraq
By John Lee. Nikkei Asian Review reports that state-owned Japan Bank for International Cooperation (JBIC) and the country's two leading commercial banks -- Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking -- are preparing to make Japan's first loan to Iraq in 31 years. The consortium will support an Iraqi government power project with a […]
Intra-Kurdish Rivalries Spill Into Iraqi Oil Trade
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. Who owns Kirkuk, the major northern city with the major oil resources? The authorities in Iraqi Kurdistan have always considered it part of their semi-autonomous region which meant that the […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Staff Counsellor, United Nations Assistance Mission for Iraq (UNAMI) Field Security Assistant, United Nations Assistance Mission for Iraq (UNAMI) Senior Electoral Officer (IT/Database Adviser), United Nations Assistance Mission for Iraq (UNAMI) National Security Officer, United Nations Assistance Mission for Iraq (UNAMI) Senior Protection […]