Survey Results – State of Iraq 2014

Throughout August 2014, Iraq Business News polled readers for their opinions on the state of Iraq. As expected, the results indicate a more challenging environment in the country over the preceding year. But while the sample size and methodology do not allow us to claim statistical significance, the results tend to show a long-term commitment […]

Oil Exports Up Despite Unrest

By John Lee. Reuters reports that oil exports from Iraq’s southern terminals are “close to a record high” in October. Kurdish shipments are also reported to be increasing, despite the continuing unrest in the country. Exports from the southern terminals have averaged 2.55 million bpd for the first 23 days of October, slightly up from […]

Karbala, Najaf Plan Rail Link

By John Lee. The provincial councils of Karbala [Karbala] and Najaf have agreed to connect the two cities by rail. According to a report from Aswat Al Iraq, it is expected that Chinese or South Korean companies will implement the project. The intention is to facilitate the transport between the two holy cities, particularly during […]

Lukoil to Increase Output at West Qurna-2

By Patrick M Schmidt. The Dubai-based division of the Russian oil company, Lukoil announced revise production figures for the West Qurna-2 fields. The company began production in March 2014 with an output of approximately 120,000 barrels of oil per day. Current production levels are now at 300,000 barrels of oil per day. It is expected […]

N. Ireland Man Fined for Iraq Scam

By John Lee. A Northern-Irish businessman, who was jailed for stealing more than £500,000 in fraudulent VAT repayments, has been ordered to repay £113,472 or serve a further three years in prison. The man had claimed to be building water purification plants in Basra and Mosul, but didn’t have the funds to pay for the […]

Business Still Being done in Iraq

Source: Dinar Daddy’s Tidbits URL: http://feedproxy.google.com/~r/115/BKGb/~3/bv-7XKbXcTI/business-still-being-done-in-iraq-280540 Despite media reports to the contrary, business is still being done in Iraq Some random examples from the past week include further progress and stage payments to Hanwha for the construction of the Bismaya New City housing development, a $ 278-million drilling contract for Halliburton at West Qurna-1, and […]

Parliamentary finance committee calls for a thorough study of the project to delete the zeros from the currency before its implementation

Zora / Laith Jawad: Parliamentary Finance Committee confirmed the need to study the project to delete the zeros and find out the pros and cons before embarking on such an important step in the country’s economy. The committee member Masood … Continue reading

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Drone plane kills 7 ISIL terrorists northern Tikrit

Salah il-Din (IraqiNews.com) Security source stated to IraqiNews.com that seven ISIL terrorists were killed by a drone plane of northern Tikrit. The source added to IraqiNews.com “The drone plane targeted the ISIL terrorists while emplacing Improvised Explosive Devices in Beiji district to kill seven of them.” /End/

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US accuses Turkey and Syria of purchasing Iraqi oil from ISIS

(IraqiNews.com) On Friday the United States of America accused Syria and Turkey of purchasing oil from ISIS. The American Treasury Department Assistant Secretary for Terrorism and Financial Intelligence, David S. Cohen said in a statement, “ISIS got its wealth at an unprecedented pace and the composition of the sources of its revenue is different from […]

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News, Rumors, and Opinions Late Friday Morning

Dinar Updates: Poppy3:  tiers…there are no tiers. WE ARE ALL EQUAL. RATES WILL ALL BE EQUAL EXCEPT FOR WHAT DEALS WILL BE NEGOTIATED AT THE TIME OF EXCHANGE. NO BANKS CAN MAKE DEALS TILL THE RATE IS LIVE AND INTERNATIONAL. ALL THIS GCR **** IS JUST THAT **** YES SOME CURRENCIES WILL ADJUST BUT ONLY A FEW AND THAT WILL TAKE TIME …LEGARDE STATED SO HERSELF 6 MONTHS AGO. NO SUCH THING PERIOD. WHEN THIS HAPPENS FOR SURE WE ALL WILL KNOW WITHIN HOURS AND THERE WILL NOT BE SOME PRIVI [...]

Iran to blame if nuclear program negotiation fail says US Undersecretary of State

(IraqiNews.com) US Undersecretary of State Wendy Sherman stated that “Tehran is going to be responsible if we didn’t reach a comprehensive agreement to limit its nuclear program in return for easing sanctions against it.” Sherman, who holds the position of Undersecretary of State for Political Affairs, said that the major powers which are negotiating with […]

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Pastor Ed’s Special Video International Prayer call Friday Night 7pm est

Special Video International Prayer call Friday Night 7pm est 530 881 1400   406878#  or  Blog Talk Radio   773 897 6245 Join us tonight for words of encouragement and Hope as we wait for this release. Awesome folks putting out great words to hold on too of encouragement and helping us to understand where we are. A great presence on last Wed nights call promoting us to do a Friday night call to help. As Dinar Recaps helps get the word out and so ma [...]

Tidbits From Frank26 and KTFA Members Friday AM

moneytalks1 » October 24th, 2014, 10:34 am  HI Frank,Do you feel that we are still on schedule being oct.31 at the back end of this current window to see our blessing?   Thanks. Frank26:  I would not be so weak as to renege from my shared opinion with You. As You should not be so convicted to this time frame. Indeed time will pass and we will see what we seek. Keeping in mind that time is Iraq is like a duck walking on a frozen pond. Their Time ……….. Takes Time. [...]

BondLady & Tlm724 News & Comments

Nawzad Messenger reveals that Kuwait was ready to turn off Iraq’s debts [tlm724] the Kuwaiti government has shown willingness to extinguish the debt owed ​​by Iraq in the event that the Security Council to complete the legal procedures *hallelujah* *mission* [tlm724] BondLady howdy ma’am and ty !    [BondLady] and yes that was huge news right there [tlm724] security council just has to sign off, Kuwait and Iraq are loving brothers now ! [BondLady] Iraq tried to get them [...]