By Laith Hammoudi. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News Iraqi president Mohammed Fuad Masum has asked Haider al-Abadi […]
U.S. military forces continued to attack ISIL terrorists in Iraq on Monday, successfully conducting airstrikes on four ISIL checkpoints and multiple ISIL vehicles near Sinjar Mountain in defense of internally displaced Yazidi civilians in the area. At approximately 1:10 p.m. EDT, U.S. fighter aircraft struck and destroyed an ISIL checkpoint southwest of Sinjar Mountain. At […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Today, what remains of the pan-Shiite National Alliance formally presented Haider al-Abadi [Haydar al-Abbadi] […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Monday. A total of $283,921,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Meeting an extended deadline, Iraqi President Fouad Massoum has nominated a PM from the State of Law bloc, the largest coalition which therefore has the constitutional right to name the next Iraqi PM. But it was not Nouri-al-Maliki. Observers are now waiting to see what action, if any, Maliki might take to […]
By John Lee. Multinational oil and gas exploration and production firm Petroceltic International have announced an update for their ongoing operations in the Kurdish region of Iraq. They note that some precautions are being taken and the current crisis is being closely watched. The company also have operations across the Middle East-North Africa region (MENA) […]
By John Lee. On Sunday at midnight, Iraq's embattled PM Nouri al-Maliki issued a defiant speech claiming his constitutional right to remain at the helm of his crisis hit country. Tellingly, he warned his political foes they were effectively with the terrorists, and the speech was described by one Iraq analyst on twitter as akin […]
By John Lee. As Barack Obama pledges to send more security assistance, including arms, advisers and possibly more air strikes to the KRG, The Wall Street Journal has reported renewed confidence displayed by KRG aligned forces. The famed Kurdish Peshmerga, no strangers to combat having once resisted Saddam's forces, have reportedly re-taken the villages of Gwair (north […]
The KRG's Ministry of Natural Resources has said it attaches the highest priority to the safety and security of all oil industry workers and their operations in the Kurdistan Region. MNR remains in constant contact with KRG security forces regarding the deterioration of security on the Region’s borders and it continues to share all relevant […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th August 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,339(-9.0%)/ $1,428(-9.4%) (weekly change) (-28.2% and -28.1% YTD change, respectively). The number of week traded shares was 13.5bn […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On July 25, the official website of Grand Ayatollah Ali Sistani posted an article reporting that Sistani has called on Iraqi officials not to cling to their positions, alluding to the insistence of Iraqi Prime […]
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 United States has finally decided that Iraq's security and humanitarian situations require immediate military intervention. US President Barack Obama's Aug. 7 speech consolidated this decision and spelled out the US mission on two levels: […]
