By Amina al-Dahabi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s private banking sector is having trouble meeting customers’ demands because of liquidity issues, leading to unrest and worry. Some banks are limiting withdrawals to a specific percentage of deposited funds, while others have stopped […]
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. Second Hand Holidays in Kut: Displaced Iraqis Equal Boom for Used Goods Market In the city of Kut, one of the biggest beneficiaries of this year's Eid al-Fitr holiday – […]
By John Lee. While describing its activities in Iraq as 'muted', oil services company Schlumberger gave details of two projects in the country in its Second-Quarter 2015 Results. Italy's ENI awarded the company a three-year integrated well construction contract which covers the drilling of 30 wells and includes the provision of land drilling rigs, directional […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th July 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: ISX will be closed starting from July 19, 2015 to July 21, 2015 due to the national holiday of Eid Al-Fitr. The next session […]
U.S. and coalition military forces have 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 latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber, fighter and remotely piloted […]
Building on the energy created by a coalition of four veteran-led organizations, the Iraqi Children Foundation (ICF) and its "Soccer Salam" partners announced this week the launch of "One Team, One Dream" to provide $20,000 more in aid to Iraqi kids and families fleeing ISIS. After a December airlift of 5 tons of winter aid and soccer balls, the Soccer Salam coalition - ICF, […]
By John Lee. Iraq became South Korea’s third-largest suppier of oil in the first half of this year, according to a report from Bloomberg. Purchases of Iraqi crude oil soared 73 percent to 8.25 million metric tons through June in 2015, the highest level since at least 2000. (Source: Bloomberg)
By John Lee. An official source has told the Jordan News Agency, Petra, that the Iraq government had informed Jordanian authorities of its decision to close border crossings between Iraq and Jordan until further notice. The source urged passengers and drivers who want to travel to Iraq not to head to the border crossings until […]
By John Lee. Iraqi politicians have reportedly made allegations of corruption relating to the sale of Czech military aircraft to Iraq. According to media sources, Iskandar Watoot, from the Iraqi parliament's security and defense committee, says corruption worth millions of dollars has accompanied the purchase of the L-159 subsonic combat planes, while Haitham al-Jubouri, a […]
U.S. and coalition military forces have 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. “In the past 48 hours, coalition airstrikes hit five vehicle-borne [improvised explosive devices] and a factory producing these weapons in Ramadi,” said Army Lt. […]
By John Lee. Texas-based Bell Helicopter Textron has been awarded a $55,600,000 cost-plus-fixed-fee foreign military sales contract in Iraq. The firm will supply technical advice and maintenance and logistics support for maintenance and logistics for Bell aircraft. Work will be performed in Iraq with an estimated completion date of 7th August, 2016. According to a […]
By John Lee. Iraq's oil exports in 2014 accounted for 95.5 percent of the country's total revenue from exports, according to statistics released by the Ministry of Planning's Central Bureau of Statistics. A total of 918 million barrels of oil were exported over the year, up 5.3 percent on the 872 million barrels shipped in […]
