Featured Stories
Innospec Wins Iraq Legal Case Kurdistan Faces Landmine Challenge Latvian Lingerie Maker Opens Iraq Store Video: Schools Open Late amid Crowding by Displaced
 
Innospec Wins Iraq Legal Case

Innospec Wins Iraq Legal Case

By John Lee. Innospec has announced the successful conclusion of a lawsuit brought against the company by Jalal Bezee Mejel Al-Gaood & Partner and Future Agencies Company Limited in connection with alleged loss of profits in Iraq. The matter had been filed in the High Court of Justice in the United Kingdom, and the judge […]

Kurdistan Faces Landmine Challenge

Kurdistan Faces Landmine Challenge

By Devin Morrow for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A small pile of stones in a field may look harmless to the casual observer, but they are a marker for a real danger in Iraqi Kurdistan. Land mines and other explosive remnants of war […]

Latvian Lingerie Maker Opens Iraq Store

Latvian Lingerie Maker Opens Iraq Store

By John Lee. Latvian lingerie manufacturer New Rosme has reportedly opened its first store in Iraq, located in the city of Najaf. A spokesperson for the company said: “Although Najaf is one of the most religious cities in Iraq, where publicly exposing a woman’s beauty is forbidden more than in any other part of the […]

Video: Schools Open Late amid Crowding by Displaced

Video: Schools Open Late amid Crowding by Displaced

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Classes started a month behind schedule Wednesday in many areas of Iraq because some schools are crowded with families seeking refuge from violence elsewhere in the country.

Rains Causes Flooding in Refugee Camps

Rains Causes Flooding in Refugee Camps

20 October 2014

By John Lee. Heavy rains have reportedly flooded refugee camps in Dohuk, where an estimated 100,000 Iraqis,  mostly Assyrians and Yazidis, are living having fled from the Islamic State. According to a report from AINA, hundreds of refugees held protests to call attention to their miserable...

Read the full story

Posted in Security0 Comments

Video: Minorities join Fight Against ISIL

Video: Minorities join Fight Against ISIL

20 October 2014

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Several minority ethnic groups are trying defend their towns from the Islamic State of Iraq and the Levant. They say they've lost confidence in the Iraqi army, and...

Read the full story

Posted in Security0 Comments

Refugee Crisis Strikes Anbar

Refugee Crisis Strikes Anbar

20 October 2014

By Patrick M Schmidt. The United Nations (UN) has estimated that nearly 180,000 civilians have been displaced from Anbar province following the advance of the Islamic State (IS) into the province. These individuals add to the nearly 1.8 million Iraqis who have been displaced since the initial...

Read the full story

Posted in Security0 Comments

Islamic State Fighter Jet Concerns

Islamic State Fighter Jet Concerns

20 October 2014

By Patrick M Schmidt. Concerns are now mounting with Western defense agencies that the Islamic State (IS) has gained control of Syrian fighter jets. It is believed the captured at least three jets during their assault of the Syrian air force base, al-Jarrah. The fighters may be receiving...

Read the full story

Posted in Security0 Comments

Currency Auction Results, 20th Oct

Currency Auction Results, 20th Oct

20 October 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Monday. A total of $231,723,000 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

Declaration of Commerciality on Khalakan Block

Declaration of Commerciality on Khalakan Block

19 October 2014

Range Energy Resources has announced that, on October 16, 2014, Gas Plus Khalakan ("GPK"), the sole contractor of the Khalakan Block in the Kurdistan Region of Iraq, announced by press release that it has declared the Shewashan light oil discovery commercial under the terms of the Khalakan...

Read the full story

Posted in Oil & Gas0 Comments

Additional Cabinet Ministers Approved

Additional Cabinet Ministers Approved

19 October 2014

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After a month...

Read the full story

Posted in Politics, Security0 Comments

US Pledges Continued Support for Kurdistan

US Pledges Continued Support for Kurdistan

19 October 2014

The United States and its allies will continue to provide support and assistance to the Kurdistan Region, a visiting US delegation told Prime Minister Nechirvan Barzani yesterday. The Prime Minister, along with a number of senior Kurdistan Regional Government officials yesterday in Erbil welcomed...

Read the full story

Posted in Security0 Comments

Corruption Plagues Iraqi TV, Film Industry

Corruption Plagues Iraqi TV, Film Industry

19 October 2014

By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Each year, Arab TV stations compete to buy and broadcast dramatic productions from Egypt, Syria and Gulf counties. Yet, there is no demand for...

Read the full story

Posted in Security, Telecoms/Comms0 Comments

UN: Alarming Rise in Use of Death Penalty

UN: Alarming Rise in Use of Death Penalty

19 October 2014

A report published Sunday by the UN Assistance Mission for Iraq (UNAMI) and the Office of the High Commissioner for Human Rights (OHCHR) documents the alarming rise in executions carried out by Iraq since the restoration of the death penalty in 2005. The report documents that the number of...

Read the full story

Posted in Security0 Comments

Petrofac Unaffected by Iraq Problems

Petrofac Unaffected by Iraq Problems

17 October 2014

By John Lee. Oil and gas service provided Petrofac has said that the security problems in Iraq have had "no significant impact" on its operations. In its Interim Management Statement, the company said: "Our operations in Iraq are south and east of Baghdad and represent less than 5% of the...

Read the full story

Posted in Oil & Gas, Security0 Comments

Iraq Stock Market Report

Iraq Stock Market Report

17 October 2014

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th October 2014). Note: ISX announced that they will suspend the trading sessions for one week to transfer the data and complete the preparations to switch from Horizon to X-Stream trading system. The...

Read the full story

Posted in Investment0 Comments

Oil Minister Meets with German Ambassador

Oil Minister Meets with German Ambassador

17 October 2014

By John Lee. Iraqi Oil Minister Adel Abdul-Mahdi [Adil Abd al-Mahdi] has called on German companies to contribute to the development of the oil industry in Iraq. At a meeting with the German ambassador to Iraq, Eghard Boroza, Mahdi praised the position of the government and the German people...

Read the full story

Posted in Oil & Gas0 Comments

Call to help Abducted Yezidi Women

Call to help Abducted Yezidi Women

17 October 2014

KRG officials call upon the international community to help abducted Kurdish Yezidi women KRG officials seek international mobilization to consider the case of women abducted by ISIS terrorists. Following severe terrorists attacks against Kurdish Yezidi towns and villages in late July and early...

Read the full story

Posted in Security0 Comments

Evidence of War Crimes by Govt-backed Militias

Evidence of War Crimes by Govt-backed Militias

17 October 2014

From Amnesty International. Shi’a militias, supported and armed by the government of Iraq, have abducted and killed scores of Sunni civilians in recent months and enjoy total impunity for these war crimes, said Amnesty International in a new briefing published today. Absolute Impunity:...

Read the full story

Posted in Security0 Comments

ShaMaran Announces Rights Offer

ShaMaran Announces Rights Offer

16 October 2014

By John Lee. ShaMaran has announced that it will launch a CAD 75 million equity rights offering to its shareholders that is supported by a comprehensive equity support arrangement from major shareholders, Lorito Holdings, Zebra Holdings and Investments, and Lundin Petroleum B.V. (the 'Standby...

Read the full story

Posted in Investment, Oil & Gas0 Comments

IBN Newsletter 'FREE Weekly Subscription'