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Islamic State buying up Businesses in Iraq

By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly laundered its cash reserves by investing in legitimate businesses in Iraq and elsewhere. According to a report from The Economist, in Iraq it has used middlemen to buy farms, car-dealerships, hotels and hospitals. It adds that weak institutions and rampant corruption make […] Continue reading

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“It’s Not the Donations, Stupid”: Key Points from Kuwait Conference

By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the […] Continue reading

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Qayara Refinery available for Investment

By John Lee. The Ministry of Oil has announced an opportunity to invest in a 100,000-bpd refinery at the Qayara field in Ninawa governorate. In a statement, the Ministry said: The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 […] Continue reading

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IFC and Central Bank of Iraq to Strengthen Corporate Governance in the Banking Sector [EN/AR]

IFC and Central Bank of Iraq to Strengthen Corporate Governance in the Banking Sector [EN/AR]
2/20/2018
Baghdad, Iraq, February 20, 2018—IFC, a… Continue reading

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Exploitation of funds to move towards the reconstruction and development of Iraq

Exploitation of funds to move towards the reconstruction and development of Iraq2/21/2018

Amer Eissa Al-Jawahiri *
Although the aim of… Continue reading

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Iraqi move to join the Asian Bank

Iraqi move to join the Asian Bank2/21/2018

BAGHDAD / Mustafa al-Hashemi
Iraq is moving to enter as an observer in the Asian Bank to invest in… Continue reading

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Abadi says Laws will Protect Foreign Investors

By John Lee. Prime Minister Haider al-Abadi has promised to crack down on corruption, and says laws will protect nervous foreign investors. He told CNBC: “We are laying down all the legal framework … I think the worry is corruption, number one, which is hiding behind red tape and bureaucracy. We have established a higher […] Continue reading

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Baghdad keen to Restart Oil Exports through Turkey

By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] is to visit Turkey this week to discuss expanding cooperation in the oil and energy sector. Among the topics for discussion will be the possible restarting of oil exports via the Turkish port of Ceyhan (pictured), and the export the Iraqi oil “by SOMO company […] Continue reading

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Iraqi Dinar Guru opinions 2-20-18

Iraqi Dinar Guru opinions 2-20-18 2-20-2018 Intel Guru Dr. Clarke YOU HAVE TO UNDERSTAND SOMETHING. O – I – L controls the World. …It controls the World, because it’s the LARGEST REVENUE GENERATOR, on the Planet…AND it exerts th…

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Al-Allaibi: Iraqi reserves may double due to investment in the sector

Al-Allaibi: Iraqi reserves may double due to investment in the sector February 20, 2018 11:02 AM Iraqi Position Network Iraq’s oil minister said on Monday that Iraq currently has 145 billion barrels of proven reserves, but investment in the secto…

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