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Iran Begins Exporting Natural Gas to Iraq

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia announced that the Islamic Republic has started exporting natural gas to neighboring Iraq. The exports of natural gas to the Arab country began on Wednesday night, the Iranian deputy oil minister said. Zamaninia also said the exports started with 7 million cubic meters (mcm) of […]

Coalition Forces Kill ISIS Financial Facilitator

Coalition forces killed a key Islamic State of Iraq and Syria financial facilitator with an airstrike in Abu Kamal, Syria, June 16, Combined Joint Task Force Operation Inherent Resolve officials announced. Fawaz Muhammad Jubayr al-Rawi, a Syrian native and an experienced terrorist financial facilitator, moved millions of dollars for the terror organization’s attack and logistics […]

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 Note: ISX will be closed starting from June 25, 2017 to June 29, 2017 due to the religious holiday of Eid Al-Fitr. The next session will be held on Sunday, July 2, 2017. Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd June 2017). Please click here to download a table of listed […]

Germany Provides €28m for Conflict-Affected Iraqis

The United Nations World Food Programme (WFP) has welcomed a generous contribution of €28 million from the German Government, which will support food assistance to 275,000 displaced Iraqis in four governorates across the country. Franz-Josef Kremp (pictured), German Ambassador to Iraq, said: “Germany highly appreciates WFP’s efforts to address the needs of the most vulnerable […]

Counter-ISIS Strikes Continue in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 37 strikes consisting of 79 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, […]

Iraq 2017 Oil Target “Within Reach”

Iraq’s ambition to boost oil-output capacity to a record 5mn bpd is “not unrealistic” as the country prepares for the end of OPEC-mandated supply limits, according to analysts. Iraq, which has been rehabilitating its oil industry after years of conflict, has vowed to keep expanding capacity while respecting an Organisation of Petroleum Exporting Countries’ accord […]

Sarens delivers Oil Rig to North Rumaila

Maneuvering through narrow streets in the stifling heat, 24 Sarens employees and 5 police officers successfully delivered an oil rig to the North Rumaila Oil Field in southern Iraq. This super-giant oil field is an important resource: it contains an estimated 17 billion barrels of oil, or 12% of the country’s reserves. Sarens performed the […]

Ericsson extends Managed Services deal with Zain

Ericsson has been awarded an extension of its Managed Services contract with Zain Iraq until 2021, after successfully providing Managed Services for Networks, IT and value-added services to the operator since 2012. Under the terms of the new contract, Ericsson strengthens its role as a trusted business partner by supplying a Service Operation Center and […]

Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies

Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar. Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and […]

PMU wants to take over Baghdad’s security

By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As violence escalated in Baghdad over the past few days, with several areas being targeted by bomb-rigged vehicles, members of the Popular Mobilization Units (PMU) have called for the capital’s security dossier to be handed […]

Details of Latest Counter-ISIS Strikes

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 15 strikes consisting of 69 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, […]