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The’ Next Billion’ and the Power of Inclusive Prosperity

By Madeleine White, capacity building specialist and co-founder of Nina Magazine “Emerging markets will be a driving force in sustainable economic growth. If civil society is fully and inclusively engaged in the economy, the significant population growth rate will lead to greater consumption and therefore greater economic growth.  Cash rich emerging markets with an inclusive […]

State Dept Approves $395m Arms Sale to Iraq

By John Lee. The State Department approved a possible Foreign Military Sale to Iraq for Ammunition and associated equipment, parts and logistical support for an estimated cost of $395 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale. The Government of Iraq has requested a possible sale of […]

Oil Export Data from KRG

By John Lee. The Kurdistan Regional Government (KRG) has published the Monthly Export Report for April, 2015. The detailed report provides a summary of crude oil exports in April through the Kurdistan pipeline network to the port of Ceyhan in Turkey. The report also indicates the volumes provided to SOMO by the KRG in line […]

Women in Islam – A Fair Share of Inheritance

By Dr Natalie Schoon, Islamic finance expert. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. At a time when women generally had little to no rights, the Quran introduced equality between genders. Women were not owned by their husbands, but were considered independent and could have their […]

Central Bank Rejects Redenomination of Dinar

By John Lee. The parliamentary economic and investment commission has reportedly said that the Central Bank of Iraq (CBI) is not able to redenominate the Iraqi dinar, deleting the three zeros. According to a report from Shafaq News, this is "due to the unstable economic situation." Instead, new banknotes worth 50,000 dinars are to be […]

m2fx partners with Hevek for Fiber Optic

By John Lee. Fiber optic company m2fx has announced a new partnership with Hevek Company, expanding distribution of its products into Iraq for the first time. Hevek Company will provide customers with m2fx’s full product range, including its tough yet flexible range of pushable fiber cables, lightweight aerial solutions and microducts for Fiber to the […]

Kurds Struggle to Avoid Regional Conflicts

By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As a coalition of Sunni Arab states led by Saudi Arabia targets Shiite Houthi forces and their allies in Yemen, Iraqi Kurds are watching with concern and caution, wondering how […]

IDP Camp in Basra, a Story of Social Cohesion

The 5-Miles IDP Camp in Basra, a Story of Social Cohesion The opening ceremony of new shops managed by internally displaced persons in the popular al-Asri market, 5 miles off the city of Basra, marks a story of success. Following a fire in a community of displaced people in Tannoma District, 300 families (2,000 people) […]

Sunni Fighting Force still Months Away

By Mona Alami for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The United States has led an offensive against the Islamic State (IS, ISIS, ISIL) in Iraq since August. It has been backed on the ground by the Iraqi military with the support […]

DNO Doubles Capacity at Tawke

Norwegian oil and gas operator DNO today announced the doubling of capacity at its flagship Tawke field in the Kurdistan region of Iraq to 200,000 barrels of oil per day (bopd). The 200,000 bopd wellhead, processing and pipeline capacity milestone was reached in less than two years with 10 new horizontal wells and the construction […]

Alliant Techsystems Wins Air Force Contract

By John Lee. Texas-based Alliant Techsystems Inc., has been awarded a $14,173,202 contract for contractor logistic support for the Iraqi Air Force's Cessna 208B fleet. The work will be performed in Iraq and is expected to be complete by 31st December, 2015. (Source: US Dept of Defense) (Picture: Iraqi Air Force Cessna 208)