Coalition Strikes Continue Against ISIS in Iraq, Syria

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 37 strikes consisting of 65 engagements, 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 In […]

How British Creativity can Help Iraq

By Ashley Goodall. How British Creativity can help Iraq and rebuild nations and communities. As middle Eastern economies begin to realise dependency on oil is no longer an option, they are diversifying their economies and evolving their cultures to position for the future, key is creativity and the tech economy. For many the’ Iraq’ word […]

Genel Energy Receives Payment for Exports

Genel Energy has announced that the Taq Taq field partners have received a gross payment of $15.24 million from the Kurdistan Regional Government (‘KRG’) for oil sales during March 2017. Genel’s net share of the payment is $8.38 million. The payment reflects full settlement of the invoiced amount for March 2017 oil sales, and incorporates […]

New Freedoms for Post-Extremist Ramadan in Mosul

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. Mosul Locals Taste New Freedoms for Post-Extremist Ramadan Ramadan in Mosul is different this year: Rather than hiding the fact they are not fasting during the religious month, locals are […]

Iraqi wins Press Freedom Award

By John Lee. Iraq’s Asaad Zalzali has been awared this year’s Samir Kassir Award for Freedom of the Press in the Audiovisual news reporting category. Born in 1984, he it the general manager of Maraya Media news agency. His seven-minute news report entitled “Project No1” was aired on Deutsche Welle Arabic on 11 January 2017. […]

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 […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th June 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD861 (-3.1%) / $890 (+2.3%) (weekly change) (-10.3% and -6.0% YTD change, respectively). The number of week traded […]

Boeing Wins $40m Iraq Defense Order

US defense giant Boeing has been awarded a $39,662,335 cost-plus-fixed-fee foreign military sales (Iraq) contract to acquire engineering and technical services necessary to support the Avenger short-range air defense system. One bid was solicited and one bid received. Work locations and funding will be determined with each order, with an estimated completion date of May […]

Video: Ramadan in Iraq

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Ramadan in Iraq:

WesternZagros Boosts Capacity at Garmian

By John Lee. WesternZagros Resources has announced that the operator has completed the installation of surface equipment to expand the Sarqala production facility. Current production for the Sarqala-1 well is approximately 9,500 barrels per day of oil, which is in line with the company’s first quarter guidance expectations. (Source: WesternZagros)

US Man Pleads Guilty in $8m Investment Scam

By John Lee. An US man has pleaded guilty to stealing more than $8 million from a Turkish investor, U.S. Attorney Tom Beall said. Nagy Shehata, 57, Olathe, Kansas, pleaded guilty to one count of conspiracy to commit wire fraud. In his plea, he admitted the crime occurred while he was president of Premier Investment […]