IS Plundered $800m in Cash From Iraq

By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly plundered more than $800 million from Iraqi bank facilities and reserves. According to a new report from the Central Bank of Iraq (CBI), the group has taken $101 million and 856.5 billion Iraqi dinars ($727.6 million) from banks in the territory it […]

Inherent Resolve Strikes Target ISIS in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 18 strikes consisting of 29 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 […]

DNO receives Payment for Tawke May Deliveries

DNO ASA, the Norwegian oil and gas operator, has reported receipt of USD 39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 33.21 million towards monthly […]

Security Message for U.S. Citizens

U.S. Embassy Baghdad is aware of reports of threats to target U.S. government officials and other civilians for kidnapping. In response, the U.S. Embassy has temporarily restricted movement of its employees outside of the international zone in Baghdad, as well as outside of U.S. Consulate Basrah. As a reminder, U.S. citizens should maintain a heightened […]

U.S., Coalition Continue Strikes to Defeat ISIS

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 31 strikes consisting of 41 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 […]

Talal Abu-Ghazaleh cooperation with Central Bank of Iraq

A delegation representing Talal Abu-Ghazaleh Organization (TAG-Org) agreed with the Governor of the Central Bank of Iraq (CBI), Mr. Ali Mohsin Ismail Al-Alaq, means of cooperation between the two parties. The delegation headed by Mr. Ahmad Obeidat, Executive Director of the Baghdad Office, presented the various services provided by TAG-Org, particularly in the fields of […]

Iraq buys 50,000 Tonnes Australian Wheat

By John Lee. Iraq reportedly bought 50,000 tonnes wheat from Australia on Sunday at $312.50 a tonne c&f free out. The tender, which  closed on 31st July, was open to wheat from the United States, Canada or Australia. According to Reuters‘ sources. wheat from the United States was offered lowest at $299.19 a tonne c&f […]

IOM Emergency Unit Assists IDPs from Tal Afar

This past week the International Organization for Migration (IOM), the UN Migration Agency, sent emergency teams from its Erbil, Iraq, mission to provide front-line non-food item (NFI) assistance to an informal settlement of internally displaced persons (IDPs). The settlers are principally nomadic herders fleeing ISIL’s last remaining major stronghold in Iraq: Tal Afar. Following the fall […]

Iran steps up Pressure on Iraqi Kurds to Halt Referendum

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran and the Kurdistan Regional Government (KRG) have become entangled in a war of words as the referendum on Iraqi Kurdistan’s independence nears. Both sides are now making veiled threats, which — if they […]

Strikes Continue in Effort to Defeat ISIS

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 35 strikes consisting of 42 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, […]