Controversial General Appointed as Iranian Ambassador to Iraq

By John Lee. Iran has reportedly appointed General Irij Masjidi as its new ambassador to Baghdad, replacing Hassan Dana’i Fer [Danaeifar]. According to some sources, General Masjidi was previously a senior advisor to Qassim Sulaimani, Commander of the Iranian Revolutionary Guard Corp (IRGC). Al Arabiya quotes Saudi minister of state for the Gulf region Thamer Al-Sabhan […]

Video: Residents Resume Life in Mosul Neighbourhood

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi troops in Mosul are pushing westwards towards the banks of the Tigris river. They hold large parts of the east of the city, once dominated by ISIL. And, in some areas like […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Iraqi Stock Market up 12% in 2 Weeks

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th Jan 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1072 (+7.1%) / $1062 (+7.1%) (weekly change) (+11.7% and +12.2% YTD change, respectively). The number of week traded […]

Crescent Petroleum hopes to Expand in Iraq

By John Lee. Sharjah-based Crescent Petroleum plans to expand further in Iraq, according to a report from The National. The newspaper quotes chief executive Majid Jafar (pictured) as saying: “What we see in the region is the potential is much higher than what we’ve achieved so far.” In Iraq, the company is said to be […]

S Korea keen to Improve Ties with Iraq

By John Lee. South Korea’s Acting President and Prime Minister has asked for Iraq’s cooperation in bolstering economic cooperation. During a meeting with Iraq’s Foreign Minister Ibrahim Al-Jaafari in Seoul on Monday, Hwang Kyo-ahn (pictured) said: “The two countries have developed their cooperative ties based on a long history of cooperation and a mutually complementary […]

Video: Iraq Forces retake Mosul University

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces retook Mosul’s university from the Islamic State jihadist group, the latest key advance in efforts to recapture the eastern side of the city, officers said.

Strikes Hit ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and fighter […]

Currency Auction Results, 16th Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 16 remittance companies took part in its currency auction on Monday. A total of $159,104,757 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Iraq the “Biggest Threat to the OPEC Deal”

By John Lee. According to a report from Markets Insider, the biggest challenge to the recently-announced OPEC oil production cuts is Iraq. Under the agreement, Iraq has committed to cut production by 210,000 barrels per day. “That sounds simple in theory,” writes Michael McDonald, “just switch off a few pumps. In reality it’s much more […]

Int’l Interests vie for Control of Iraq-Syria Border

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. International Interests Line Up To Take Control Of Iraq-Syria Border As the fight against the extremist group known as the Islamic State continues to succeed, albeit at a slower pace […]