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Another $1.2bn Compensation Paid to Kuwait Could Law 21 Save Iraq? Iran Dominates Market after Occupation of Mosul Why Islamic State is no al-Qaeda Clone
 
Another $1.2bn Compensation Paid to Kuwait

Another $1.2bn Compensation Paid to Kuwait

The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, today made $1.19 billion (1.4 trillion Iraqi dinars) available to the Government of Kuwait. With today’s payment, the Commission has disbursed $46.7 billion, leaving approximately $5.7 billion remaining to be directed to […]

Could Law 21 Save Iraq?

Could Law 21 Save Iraq?

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Giving Provinces More Power: Could Law 21 Save Iraq? How can a country like Iraq – with its different sects, religions and ethnicities – be governed appropriately? Some are now […]

Iran Dominates Market after Occupation of Mosul

Iran Dominates Market after Occupation of Mosul

By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the occupation of the Iraqi town of Mosul by armed groups, including the Islamic State (IS) and the Baath Party — banned by the Iraqi Constitution — prices of food increased significantly, a result […]

Why Islamic State is no al-Qaeda Clone

Why Islamic State is no al-Qaeda Clone

By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With the public appearance in Mosul of Ibrahim Awwad Ibrahim Ali al-Badri al-Samarrai, known as Abu Bakr al-Baghdadi, and his self-proclamation as caliph of all Muslims, Baghdadi has declared a war on everyone inside and […]

Another $1.2bn Compensation Paid to Kuwait

Another $1.2bn Compensation Paid to Kuwait

27 July 2014

The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, today made $1.19 billion (1.4 trillion Iraqi dinars) available to the Government of Kuwait. With today’s payment, the Commission has disbursed...

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Posted in Industry & Trade, Oil & Gas, Security0 Comments

Could Law 21 Save Iraq?

Could Law 21 Save Iraq?

27 July 2014

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Giving Provinces More Power: Could Law 21 Save Iraq? How can a country like Iraq – with its different sects, religions and ethnicities...

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Iran Dominates Market after Occupation of Mosul

Iran Dominates Market after Occupation of Mosul

27 July 2014

By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the occupation of the Iraqi town of Mosul by armed groups, including the Islamic State (IS) and the Baath Party — banned by the Iraqi...

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Posted in Industry & Trade, Security0 Comments

Why Islamic State is no al-Qaeda Clone

Why Islamic State is no al-Qaeda Clone

27 July 2014

By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With the public appearance in Mosul of Ibrahim Awwad Ibrahim Ali al-Badri al-Samarrai, known as Abu Bakr al-Baghdadi, and his self-proclamation as...

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Economic Prospects for Erbil Look Bright

Economic Prospects for Erbil Look Bright

26 July 2014

By Patrick M Schmidt. While the security situation in some parts of Iraq remains in flux, the north region of Kurdistan continues to attract foreign businesses as a promising location for investment. With a 12 percent growth in Gross Domestic Product (GDP) in 2012 and another 8 percent growth...

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Shahristani Receives the Gereman Ambassador

Shahristani Receives the Gereman Ambassador

26 July 2014

Acting Minister of Foreign Affairs Dr. Hussain al-Shahristani received on July 22, 2014 a copy of the credentials of the Ambassador of the Federal Republic of Germany's new ambassador to the Republic of Iraq, Mr. Eghard Boroza during the ceremony took place in the office of the ministry. The...

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ISIS “Greater Threat” to West than al-Qaeda

ISIS “Greater Threat” to West than al-Qaeda

26 July 2014

By Daniella Peled. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News The...

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Peshmerga to ‘Fill in’ for Iraqi Army

Peshmerga to ‘Fill in’ for Iraqi Army

26 July 2014

By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kurdistan’s Ministry of Peshmerga Affairs said its troops are not attacking armed groups in Iraq, but are just taking defensive positions. It...

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Posted in Oil & Gas, Security0 Comments

Echoes of Apocalypse in Iraq Conflict

Echoes of Apocalypse in Iraq Conflict

26 July 2014

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. When George W. Bush invaded Iraq, he was criticized, including for being motivated by eschatology (the aspect of theology that deals with the end of...

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Poll: ISIS and the Dinar Traders

Poll: ISIS and the Dinar Traders

25 July 2014

Following the insurgency by ISIS/ISIL, and the declaration of a 'caliphate' to be known as the Islamic State (IS), we have seen an increase in enquiries to Iraq Business News regarding the future of the country's currency, the Iraqi dinar (IQD). These enquiries typically come from people who have...

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Posted in Banking & Finance, Investment0 Comments

KRG Considers Building Ifraz Station-4

KRG Considers Building Ifraz Station-4

25 July 2014

The General Directorate of Water and Sewage in the Kurdistan Region is considering the implementation of the Ifraz Station-4 project, with a capacity of 25000 cubic meters per hour, due to the increase in the demand for drinking water in the capital, Erbil. The General Directorate of Water and...

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Posted in Construction & Engineering, Public Works0 Comments

Russia to Expand Military Cooperation with Iraq

Russia to Expand Military Cooperation with Iraq

25 July 2014

Itar-Tass reports that Russia’s Defense Minister, Sergei Shoigu (pictured), intends to expand military-technical cooperation with Iraq. The Minister is quoted as saying: “Military-technical cooperation between our countries develops successfully. The intergovernmental agreement proves its...

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Kurdish Oil Nears US Marketplace

Kurdish Oil Nears US Marketplace

25 July 2014

By Patrick M Schmidt. After a long journey across the Atlantic Ocean, the oil-tanker, United Kalavrvta [United Kalavryta], is just miles off the coast of Florida. The tanker is loaded with one million barrels of crude oil that has a current market value of approximately $100 million (117 billion...

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Posted in Oil & Gas0 Comments

Video: New President as Violence Rages

Video: New President as Violence Rages

25 July 2014

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fuad Massoum elected in a step towards new government, but appointment comes as bombings and attacks continue unabated. Al Jazeera's Omar Al Saleh reports from...

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Video: Dozens Killed in Suicide Attack

Video: Dozens Killed in Suicide Attack

25 July 2014

From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Michael Holmes reports on another deadly suicide attack and a potential political breakthrough in Iraq....

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Fouad Massoum Elected as President

Fouad Massoum Elected as President

24 July 2014

By John Lee. The Iraqi parliament has elected Kurdish politician Fouad Massoum [Fuad Massum] as president, succeeding Jalal Talabani. The 76-year-old is a founding member of Mr Talabani's Patriotic Union of Kurdistan (PUK) party. Associated Press reports that Massoum is considered a...

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