The Government of the Republic of Korea and the United Nations Development Programme (UNDP) signed a $1 million partnership agreement to support stabilization and recovery in areas liberated from control of the Islamic State of Iraq and the Levant (ISIL). Korea’s contribution will be channeled through UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances […]
By John Lee. Japanese Prime Minister Shinzo Abe (pictured) is expected to announce the provision of about $810 million in aid in response to refugees fleeing Syria and Iraq, public broadcaster NHK reported on Monday. According to the report from Reuters, Japan maintains very strict conditions for accepting refugees, prompting fourteen non-government organizations, including Amnesty International, […]
On Sunday, U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Remotely piloted and fighter aircraft […]
The flow of crude oil from the Kurdistan Region to Ceyhan was halted on Thursday following theft from the export pipeline in Turkey. The thieves struck the pipeline near Urfa at 0545 am on the first day of the Eid holiday. No repair crews were on duty. A crew was due to start work on […]
The Royal Institute of British Architects (RIBA) has today (24 September 2015) announced that the globally-renowned architect Dame Zaha Hadid will receive the 2016 Royal Gold Medal, the first woman to be awarded the prestigious honour in her own right. Given in recognition of a lifetime’s work, the Royal Gold Medal is approved personally by […]
On Friday, U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Airstrike in Syria Near Al Hawl, bomber […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A British archaeological team from the Field Museum and Oxford University conducted excavations between 1923 and 1929 in Kish City, 80 kilometers (50 miles) south of Baghdad. Since then, no other excavations have been […]
The publishers of Iraq Business News are delightd to announce the launch of our new publication, Iran Business News, in response to the intense business interest in Iran in anticipation of the lifting of santions. After years of negotiations, agreement has been reached between Iran and the P5+1 countries (China, France, Russia, the United Kingdom, […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Budget 2016 and the Risk of Slipping into the Debt Trap The Ministry of Finance (MoF) prepared the draft budget law for 2016 and submitted it to the Cabinet for deliberation and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd Sept 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: There will be no trading session at the ISX from September 23, 2015 to September 27, 2015 due to the national holiday, Eid Al-Adha. […]
By John Lee. A spokesman for Iraq's Ministry of Industry and Minerals has said that the ministry is about to finalise a partnership contract with French company Total to set up a giant petrochemical project in Basra province. Abdul Wahid al-Shammari made the comments following a visit by the company's representative in Baghdad. He said the […]
By John Lee. The Iraqi private banks association has announced an increase of half-a-trillion Iraqi dinars in funding to enhance the role of the private sector and the developmentof small and medium-sized enterprises (SMEs), and to increase job opportunities. According to the report from Shafaaq, this brings the funding available to 1.5 trillion Iraqi dinars […]
