August 19, 2017 | English | عربي
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August 12, 2017

Poverty rates in the provinces restored by the Iraqi Army have increased to over 45 per cent, with expected plans of reconstruction, development and investment estimated at tens of billions of dollars.

The member of the National Central Committee for Poverty Reduction, MP Noura Salem Al-Bajari, estimated the cost of reconstruction of these provinces at more than $30 billion.


Central Bank of Iraq Auctions $160,366,771 on 17 August...
August 18, 2017

The Central Bank of Iraq (CBI) currency auction on August 17 registered $160,366,771 in sales, a -1.83% volume decline from the US $163,359,997 sold by Iraqi Dinar, credit and transfer at the previous auction held on August 16.

The latest auction was attended by 41 banks and 10 remittance companies. 2 more institutions attended the"...


August 18, 2017

Speedcast International Limited has announced it has been awarded a VSAT (Very Small Aperture Terminal) license to operate in Iraq through its locally-licensed entity, prompting the completion of a new systems integration project providing managed network services for an international oilfield services group in the country.

The VSAT license is a strict new requirement as of January 2017 for service providers operating in Iraq, which was previously covered"...

August 18, 2017

Oil exports from Iraq’s southern terminals have fallen so far this month, suggesting the country is trying to step up compliance with Organization of the Petroleum Exporting Countries (OPEC) output cuts, but it has a long way to go to match its peers in the producer group.
Exports from southern Iraq — the outlet for most of the country’s crude — in the first 14 days of August aver- aged 3.15 million barrels per day (bpd), down 80,000 bpd from July, according to shipping data tracked by Reuters"...

August 18, 2017

South Korean electronics maker LG Electronics has reportedly opened its largest overseas brand shop in Iraq.

The two-floor shop covers 870 square meters in the main commercial district of Erbil.

Around 200 government and media officials attended an opening ceremony, according to a report from Nation Multimedia.



August 18, 2017

Crude oil prices were up on Friday (August 18) compared to the previous close.

The price of Brent oil was at $51.01 up from $50.43 and U.S. WTI crude was at $47.07 from $46.85.

OPEC decided to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in"...

August 18, 2017

The U.S. dollar to Iraqi dinar (IQD) exchange rate was stable in the Kurdistan Region’s currency markets on Friday (August 18).

Broker Dana Mawlud told NRT that $100 was selling at 126,150 IQD, maintaining the same rate as the previous day.

Mawlud also reported that 100 British pounds was at 161,000 IQD and 100 euros was at 147,000 IQD.