December 17, 2017 | English | عربي
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December 13, 2017

The Central Bank of Iraq (CBI) currency auction on December 12 registered $161,094,037 in sales, a 16.88% volume increase from the US $137,823,867 sold by Iraqi Dinar, credit and transfer at the previous auction held on December 11.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on December 12 compared to the previous auction.


BasNews 1st Most Visited Website Among Iraqi, Kurdish...
December 16, 2017

As ranked by Alexa, the web analytics service, BasNews has become the seventh most viewed website in Iraq after the international websites and the first most visited among the local ones in the Kurdistan Region and Iraq.

BasNews is a leading news website in Iraq and beyond. The number of its viewers has drastically increased"...


December 16, 2017

Netherlands is working to persuade Baghdad to lift the embargo it has imposed on Kurdistan Region’s airspace, said Prime Minister Mark Rutte.

The Dutch premier said during a press conference on Friday that he recently had a discussion with his Iraqi counterpart on the sideline of Paris Climate Summit, discussing the current situation in the country.

“One thing I"...

December 16, 2017

The U.S. dollar to Iraqi dinar (IQD) exchange rate was stable in the Kurdistan Region’s currency markets on Friday (December 15).

Broker Dana Mawlud told NRT that $100 is selling at 125,650 IQD, maintaining the same rate as the previous day.

Mawlud also reported that 100 British pounds was stable at 168,000 IQD and 100 Euros was at 148,750 IQD.



December 16, 2017

Crude oil prices were up on Friday (December 15), compared to the previous day.

The price of Brent oil is at $63.49 a barrel, up from $62.27, and U.S. WTI crude is at $57.36 from $56.35.

The Organization of the Petroleum Exporting Countries (OPEC) decided to extend cuts in oil output by nine months to March 2018. The producer group is coping with a global glut of crude oil"...

December 16, 2017

Iraq has begun reconstruction work at what was the country's biggest oil refinery before it was damaged by intense fighting between government forces and Islamic State (ISIS) militants, the oil ministry said Thursday.

The aim is to complete work early next year on one of the units that will produce 70,000 barrels per day at the Baiji complex which is currently shut, said ministry spokesman Assem Jihad.


December 16, 2017

The 12th Economic Forum of the Iraqi-French Council of Businessmen [Iraqi-French Business Council] was held recently in Baghdad.

Dr. Sami Al Araji, Chairman of the National Investment Commission (NIC) opened the forum with a welcoming speech to the attendees including the Iraqi Minister of Trade, French State Minister for the Foreign Trade Affaires, the Iraqi Governor of the Central Bank and a number of governors, Vice Ministers, Consultants, Director"...