Abadi’s reshuffle represents the first major set of changes to the Iraqi Security Forces since the new Prime Minister took office, and predominantly focused on positions created by former PM Nouri al-Maliki, from whom Abadi seeks to distance himself. The dismissals included the Iraqi Army Chief of Staff and the Baghdad Operations Command (BOC) Commander, […]
Oil Prices between Economic Realities and Geopolitical Motives By Ahmed Mousa Jiyad. From June to mid-November 2014, oil lost almost one-third its price. Much has been written about this dramatic decline and different thoughts were offered attempting to explain what has been behind such downward movement. This paper addresses firstly the recent price movement by […]
The US State Department has approved a possible Foreign Military Sale to Iraq with an estimated cost of $97 million (113 billion Iraqi dinars). The Government of Iraq has requested a possible sale of up to 2,000 Advanced Precision Kill Weapon Systems (APKWS), weapon and test support equipment, spare and repair parts, publications and technical documentation, […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Given the many official and unofficial holidays in Iraq, the country seems to be almost on permanent vacation throughout the year. Schools find themselves unable to complete their curricula, while economists warn against a recession […]
Wheat seeds, fertilizer and animal feed are starting to roll out to nearly 28,000 farming families in Iraq whose livelihoods have been left in tatters as a result of hostilities -- part of an effort from the UN's Food and Agriculture Organization (FAO) aimed at reinforcing food production and helping people recover. But the Organization […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The most credible story available today about the Islamic State (IS) occupation of Mosul on June 9 reads that IS occupied Mosul several years before that date and has long ruled it as a state […]
The US State Department has approved a possible Foreign Military Sale to Iraq with an estimated cost of $600 million (720 billion Iraqi dinars). The Government of Iraq has requested a Foreign Military Sales Order II (FMSO II) to provide funds for blanket order requisitions, under a Cooperative Logistics Supply Agreement (CLSSA) for spare parts […]
By John Lee. The current average output from Iraq's southern oilfields is reported to be about 3 million bpd, according to a report from Reuters. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] told reporters that average export levels are about 2.5 million bpd. (Source: Reuters)
By John Lee. Security sources report that the Iraqi army has broken the five-month-long seige of Baiji [Beiji, Bayji] oil refinery in Salahadin province. Baiji is the largest town to be recaptured from Islamic State (IS) fighters since its offensive across northern Iraq in June. Xinhua News Agency suggests that the capture of Baiji would […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th November 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,383 (+2.5%)/ $1,495 (+2.2%) (weekly change) (-25.8% and -24.7% YTD change, respectively). The number of week traded shares […]
By John Lee. Emirates resumed its twice-weekly passenger flights to Erbil on Sunday. The route is erved by an Airbus A330-200 aircraft in a 3-class configuration. The service will increase to four weekly flights from 4th December 2014. Sheikh Majid Al Mualla, Emirates Divisional Senior Vice President Commercial Operations, said: “We have been closely monitoring […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A joint operation by the Iraqi army and Shiite militia earlier this week wrested back the Adhaim Dam in the eastern province of Diyala:
