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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 […]

Plague of Medical ‘Brokers’ Puts Patients Health at Risk

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. It was a strange way for the Basra orthopaedic doctor to find out he was dead. “One of my patients came to see me for a routine check-up, something he […]

Counter-ISIS Strikes Target Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 32 strikes consisting of 80 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]

US approves $295m Military Kit for Peshmerga

The US State Department has approved a possible Foreign Military Sale to the Republic of Iraq for equipment for two Peshmerga infantry brigades and two support artillery battalions. The estimated cost is $295.6 million. The Defense Security Cooperation Agency (DSCA) delivered the required certification notifying Congress of this possible sale on April 18, 2017. The […]

New Iranian Ambassador calls for Strong Iraq

By John Lee. Iraq’s Minister of Foreign Affairs, Dr Ibrahim Al-Jaafari, has received a copy of the credentials of the new Iranian Ambassador to Baghdad, Iraj Masjedi. The new Ambassador described the two countries as “friends and brothers“, adding, “we should do our best to improve ties between the two countries.” “Iran wants an advanced, […]

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Iraqi Forces Close to Liberating Western Mosul

Iraqi security forces are close to recapturing western Mosul from the Islamic State of Iraq and Syria, the Operation Inherent Resolve ground forces commander said today. The Iraqi forces, with coalition support, are making significant progress every day in the increasingly tough fight for Iraq’s second-largest city, Army Maj. Gen. Joseph M. Martin told Pentagon […]

Inherent Resolve Strikes Target ISIS in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 33 strikes consisting of 124 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]

Currency Auction Results, 20th Apr

By John Lee. The Central Bank of Iraq (CBI) has reported that 37 banks and 11 remittance companies took part in its currency auction on Thurrsday. A total of $168,067,601 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Investment Opportunity in Glass Production

The State Company for Glass and Refractories Industry (SCG&R) [State Company for Glass and Ceramic Industries (SCGCI)], part of Iraq’s Ministry of Industry and Minerals (MIM), has announced an investment opportunity, sharing in management and production, according to investment Iraqi Law (No.22 of 1997 article 15 /III ) to moderate, increasing capacities, and improve quality for […]

IMF Revises Down GDP Forecast

By John Lee. The International Monetary Fund (IMF) has revised down its forecast GDP growth for Iraq from 0.5 per cent to a contraction of 3.1 per cent this year, due to the oil production cuts agreed within OPEC. Forecasts for 2018 and 2019 are 2.6 percent and 1.6 percent growth respectively. Consumer price inflation […]

Scaling up Humanitarian Response to Growing Needs

As fighting continues in west Mosul, humanitarian partners continue to respond to rising displacement and provide basic assistance to families in newly accessible areas, where conditions allow. Where access inside west Mosul city allows humanitarian partners to reach civilians, displaced families are provided with ready-to-eat food rations. Resident or returning families in the area are […]