More than 700 Iraqis Killed in April

A total of 741 Iraqis were killed and another 1,374 were injured in acts of terrorism, violence and armed conflict in Iraq in April 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in April was 410 (including 11 federal police, Sahwa civil defence, […]

Video: Is People Power Emerging in Iraq?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. After months of relatively peaceful protests, anti-government demonstrations in Baghdad have turned violent. A state of emergency was declared across the Iraqi capital following the storming of the Green Zone. The heavily fortified […]

Counter-ISIL Strikes Hit 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 on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, ground-attack […]

Video: Rare IS Bombings in Southern Iraq

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Islamic State group carried out rare attacks in Iraq’s deep Shiite south Sunday, killing at least 33 people with twin suicide car bomb blasts in the city of Samawa:

Netherlands will Continue Support to Kurdistan Region

Prime Minister Nechirvan Barzani yesterday received a delegation of The Netherland’s Parliament Foreign Affairs Committee headed by Committee Chairperson Ms. Angeline Eijsink, along with representatives of political parties at the Dutch Parliament. The delegation praised the people, government, and the Peshmerga forces of the Kurdistan Region, who, under very difficult circumstances, have been combating the […]

Currency Auction Results, 2nd May

By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 20 remittance companies took part in its currency auction on Monday. A total of $96,077,314 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Gazprom Updates on Iraq Ops

By John Lee. In a Management Report released to the markets, Gazprom gave the following update on its operations in Iraq: The Badrah field (pictured) (30% held by Gazprom Neft Group): In 2015 production was 1.4 million tons of oil, a level sufficient for the project to pay back. The Garmian block in Iraq (Kurdistan) […]

GKP seeks Relief with Bondholders

By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed down nearly 3 percent on Friday after it reached agreement with less than 75 percent of its bondholders to delay making interest payments. The company’s full statement: Further to the Company’s disclosure on 14 April 2016, Gulf Keystone confirms that constructive dialogue continues with a […]

Strikes Continue Against ISIL Targets in Iraq, Syria

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

$375m Financing Deal for Power Sector

By John Lee. Dimitris Tsitsiragos, the Vice President of the World Bank‘s private sector investment arm, told Reuters on Thursday that the bank had arranged $375 million in financing for an Iraqi power company. The International Finance Corporation (IFC) will provide a debt and equity package of $250 million, with another $125 million from Lebanon’s […]

Iraq shuts down Al Jazeera Baghdad Bureau

The Iraqi Communications and Media Commission (CMC) has reportedly shut down the Baghdad bureau of Al Jazeera Media Network and banned its journalists from reporting in the country. According to a report from Al Jazeera, in a letter to the company on Wednesday, the CMC said it was withdrawing the licence that allowed Al Jazeera […]

Japan to open Consulate in Erbil

President Masoud Barzani received a Japanese embassy delegation headed by Ambassador Fumio Iwai, Japan’s Ambassador to Iraq. President Barzani and Ambassador Iwai spoke of the current political situation in Iraq and expressed optimism that matters will be moving in a more positive direction. The two sides also spoke of the military operations against the terrorists […]