Featured Stories
Troops Secure Haditha Refinery and Dam Canada Pledges Support for “Brave” Iraqis Zebari: Government Formation Underway Italy Considers Arms Transfers
 
Troops Secure Haditha Refinery and Dam

Troops Secure Haditha Refinery and Dam

By Patrick Schmidt. The Iraqi government has announced that security forces have reclaimed the K3 Refinery in Haditha. The Islamic State of Iraq and the Levant (ISIL) had occupied the facility and expelled its staff from the area. Security officials announced that they had killed a number of militants and were now inspecting the facility […]

Canada Pledges Support for “Brave” Iraqis

Canada Pledges Support for “Brave” Iraqis

By John Lee. The Canadian government has confirmed that they have two cargo planes operational to assist in the transfer of arms and supplies to Iraqi Kurdish forces. Canadian Foreign Minister John Baird (pictured) went as far as to endorse US air strikes against the “brutal” ISIS: “Canada supports all efforts, including United States supply drops […]

Zebari: Government Formation Underway

Zebari: Government Formation Underway

By John Lee. Iraqi Foreign Minister Hoshyar Zebari has recently given an interview with Rudaw English discussing his hopes for a new Iraqi government that can improve the relations between Baghdad and the Kurdish Regional Government. Despite a joint Kurdish–Iraq security operation to re-take Mosul dam with US air cover (initially reported as being solely Kurdish) […]

Italy Considers Arms Transfers

Italy Considers Arms Transfers

By John Lee. The Italian government has joined Germany and France in saying they are preparing to send arms and other assistance to both Kurdish aligned forces and the federal government of Iraq in Baghdad. The move follows a visit to Iraq by Italian Prime Minister Matteo Renzi, who announced on his return that Italy […]

Troops Secure Haditha Refinery and Dam

Troops Secure Haditha Refinery and Dam

20 August 2014

By Patrick Schmidt. The Iraqi government has announced that security forces have reclaimed the K3 Refinery in Haditha. The Islamic State of Iraq and the Levant (ISIL) had occupied the facility and expelled its staff from the area. Security officials announced that they had killed a number of...

Read the full story

Posted in Oil & Gas, Security0 Comments

Canada Pledges Support for “Brave” Iraqis

Canada Pledges Support for “Brave” Iraqis

20 August 2014

By John Lee. The Canadian government has confirmed that they have two cargo planes operational to assist in the transfer of arms and supplies to Iraqi Kurdish forces. Canadian Foreign Minister John Baird (pictured) went as far as to endorse US air strikes against the "brutal" ISIS: “Canada...

Read the full story

Posted in Construction & Engineering, Security0 Comments

Zebari: Government Formation Underway

Zebari: Government Formation Underway

20 August 2014

By John Lee. Iraqi Foreign Minister Hoshyar Zebari has recently given an interview with Rudaw English discussing his hopes for a new Iraqi government that can improve the relations between Baghdad and the Kurdish Regional Government. Despite a joint Kurdish--Iraq security operation to re-take...

Read the full story

Posted in Politics0 Comments

Italy Considers Arms Transfers

Italy Considers Arms Transfers

20 August 2014

By John Lee. The Italian government has joined Germany and France in saying they are preparing to send arms and other assistance to both Kurdish aligned forces and the federal government of Iraq in Baghdad. The move follows a visit to Iraq by Italian Prime Minister Matteo Renzi, who announced...

Read the full story

Posted in Security0 Comments

France Calls for International Conference on ISIS

France Calls for International Conference on ISIS

20 August 2014

By John Lee. French President  Francois Hollande has called for an international conference to discuss new strategies to counter the Islamic State of Iraq and the Levant (ISIL). It is not the first time such an idea has been discussed, with counter-terrorism expert David Kilcullen...

Read the full story

Posted in Politics0 Comments

LUKOIL Recovering Costs From West Qurna-2

LUKOIL Recovering Costs From West Qurna-2

20 August 2014

The Sea Triumph, an oil carrier chartered by LITASCO (LUKOIL's international marketing and trading arm) has departed the port of Basra in Southern Iraq with the first batch of oil as part of the recovery of LUKOIL's costs from the West Qurna-2 project. The shipment volume amounts to 1 million...

Read the full story

Posted in Oil & Gas0 Comments

Video: On Frontline with the Peshmerga

Video: On Frontline with the Peshmerga

20 August 2014

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Kurdish fighters in northern Iraq have regained control of several towns east of Mosul from the Islamic State group. The Peshmerga, backed by US air strikes, are...

Read the full story

Posted in Security0 Comments

UNHCR Launches Major Aid Push

UNHCR Launches Major Aid Push

20 August 2014

The United Nations refugee agency said on Tuesday that it is launching one of its largest humanitarian aid pushes in response to the deteriorating situation in Iraq, aiming to help close to a half million people who had been forced to flee their homes. Barring last minute delays, an air, road and...

Read the full story

Posted in Security0 Comments

CBI Currency Auction Results, 19th Aug

CBI Currency Auction Results, 19th Aug

20 August 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Tuesday. A total of $242,710,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

Read the full story

Posted in Banking & Finance0 Comments

Baghdad Province Accommodates Refugees

Baghdad Province Accommodates Refugees

19 August 2014

By Patrick Schmidt. The Baghdad local government has announced the opening of refugee camps in Al-Nahrawan for those who are fleeing the violence of the Islamic State (IS) in the north. The complex cost $4.3 million dollars and can house up to 1,000 families with facilities including schools,...

Read the full story

Posted in Politics0 Comments

US Boosts Iraqi Pilot Training

US Boosts Iraqi Pilot Training

19 August 2014

By Patrick Schmidt. The United States government has approved a $500 million program that would assist and train Iraqi pilots. The funding is directed toward helping the Iraqi Air Force mobilize its American-made rotary wing aircraft, including the Bell 407, OH-58, and Huey II. The Iraqi...

Read the full story

Posted in Security0 Comments

Weekly Security Update, 12 – 18 August 2014

Weekly Security Update, 12 – 18 August 2014

19 August 2014

By Anne-Laure Barbosa at Constellis Consulting On 14 August, Nouri al-Maliki bowed to increasing domestic and international pressure, and agreed to step down as Prime Minister to endorse Haider al-Abadi in a televised speech. This endorsement paves the way for the formation of a new government,...

Read the full story

Posted in Weekly Security Update0 Comments

KOGAS in $4.9 Billion Project

KOGAS in $4.9 Billion Project

19 August 2014

By Patrick Schmidt. On Monday, Korea Gas Corporation (KOGAS) announced that it will invest $4.9 billion in the Zubair oil field project. The investment will help establish the facilities needed to launch the project and help Zubair reach its potential of over 800,000 barrel per day production....

Read the full story

Posted in Oil & Gas0 Comments

Al-Khatteeb: The Abadi I Know

Al-Khatteeb: The Abadi I Know

18 August 2014

By Robert Tollast. Iraq Energy Institute Director and Brookings Fellow Luay al-Khatteeb (pictured) has written a biography piece for Haider-al Abadi for The Huffington Post. Al-Khatteeb outlines some of the huge challenges Abadi faces, but notes that from 24 years of knowing PM Abadi, the new...

Read the full story

Posted in Politics0 Comments

US Plans New Iraq Strategy

US Plans New Iraq Strategy

18 August 2014

By John Lee. The United States is now far more open to Iraqi requests for increased military support to fight ISIS, The Wall Street Journal reports. Previously, initiatives to sell arms and rapidly transfer foreign military sales such as F-16s and Hellfire missiles have been slowed by...

Read the full story

Posted in Security0 Comments

Pro-Government Sunnis Launch Offensive

Pro-Government Sunnis Launch Offensive

18 August 2014

By John Lee. Thousands of fighters from as many as 25 pro-government tribes have launched a coordinated offensive against ISIS fighters in the Western Iraqi province of al-Anbar. The leader of these "Sahwa" fighters, Sheikh Abdel Jabbar Abu Risha, announced that the offensive was not related...

Read the full story

Posted in Security0 Comments

IBN Newsletter 'FREE Weekly Subscription'