Tag Archives | featured

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 […]

Iran, Iraq to build “Industrial Townships”

By John Lee. Iranian Industry Minister Mohammad Reza Nematzadeh (pictured) and his Iraqi counterpart Mohammad Shiya al-Sudani have reportedly agreed on designing and building “industrial townships” in some Iraqi provinces. According to IRNA, Nematzadeh said that there a total of 750 industrial townships where over 40,000 industrial and producing units are active, adding, “we are […]

ISIL in “Deep Financial Trouble”

According to a report released by London-based International Centre for the Study of Radicalization (ICSR) and accounting group Ernst & Young, the Islamic State organisation (IS, ISIS, ISIL, Daesh) is in deep financial trouble. In an interview, ICSR director Peter Neumann stated out that the report clearly shows that while IS used to be the […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Feb 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ102 (-0.1%) / $1083 (+0.3%) (weekly change) (+11.7% and +14.3% YTD change, respectively). The number of week traded […]

Etihad Foods seeks long-term Iraq Sugar Deal

By John Lee. Reuters reports that Etihad Food Industries is looking to sign one- or two-year raw sugar importing contracts with large trading firms after its current contract with Alvean runs out in November. Haidar al-Noumany, Commercial Director, told the news agency that Etihad imported 1.047 million tonnes of raw sugar last year for its Babil-based […]

Netherlands supports Reforms in Iraqi Kurdistan

The Netherlands is supporting reforms in the Kurdistan Region with a contribution to its Funding Facility for Economic Reform The Kingdom of the Netherlands is contributing nearly US$270,000 (€250,000) towards the implementation of the Economic Reform Roadmap, developed by the World Bank in cooperation with the Ministry of Planning of the Kurdistan Region of Iraq […]

WHO delivers Medical Aid to newly retaken areas of Mosul

The United Nations health agency has delivered medical supplies to parts of eastern Mosul, the Iraqi city liberated from the Islamic State (ISIL), where clinics are receiving an influx of people in urgent need of medical care. The World Health Organization (WHO) said the supplies “will support treatment of patients with infectious diseases, chronic conditions, […]

Officials Provide Details of Latest Counter-ISIS Strikes

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, 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 Coalition military forces conducted 34 strikes consisting of 35 engagements […]

Iraq signs UN Transparency Convention

On 13 February, Iraq signed the United Nations Convention in Transparency in Treaty-based Investor-State Arbitration (“The Mauritius Convention on Transparency”). During the signing ceremony held at Port Louis, Mauritius on 17 March 2015, eight States (Canada, Finland, France, Germany, Mauritius, Sweden, the United Kingdom and the United States) signed the Mauritius Convention on Transparency. Since […]

Venezuelan VP in Iraq Passport Scandal

By John Lee. CNN‘s Spanish-language channel has alleged that Venezuelan passports and visas were sold to people in Iraq, including some with terrorism links. It also claimed that Venezuelan Vice-President Tareck El Aissami (pictured) was directly linked to the granting of 173 passports, including to members of the Lebanese group Hezbollah. In an unrelated story, […]

Video: Thousands return to Eastern Mosul

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. More than 46,000 people have returned to eastern Mosul in little more than a fortnight. Although ISIL attacks are continuing, people are determined to restart their lives in their city. Al Jazeera’s Osama […]