By John Lee. Royal Jordanian (RJ) has announced the resumption of its service to Iraq, after suspending it for 24 hours for security concerns. As of Sunday, RJ resumed its regular operation to Baghdad, Erbil and Basra, while it is expecting to resume flights to Suleimaniyah soon. RJ operates regular flights to five Iraqi cities; […]
By John Lee. After renewed consultation with the relevant national security authorities, the Lufthansa Group has decided to resume flights to Erbil in northern Iraq from Monday. Erbil lies well outside the direct crisis zone in Iraq, and flights to and from the city will be routed to avoid overflying the zone. Lufthansa flies twice-weekly […]
By Patrick M Schmidt. Over the weekend, the Islamic State of Iraq and the Levant (ISIL, ISIS) mounted a major offensive near the city of Mosul. The offensive marked a number of defeats for Kurdish security forces who have mostly been noted for their successes in battling the insurgents. Both Iraqi and Kurdish sources agree […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIS has taken control of Iraq's largest hydroelectric dam, which provides power to Mosul. CNN's Nic Robertson reports:
By John Lee. The Central Bank of Iraq (CBI) has reported that 15 banks took part in its currency auction on Monday. A total of $251,787,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. A 51-year-old American has been charged in federal court with defrauding the co-founders and investors of a company out of approximately $175,000, relating to proposed investments in Iraq. Prosecutors in Connecticut assert that Joseph T. Morris claimed to have extensive military and business experience in Iraq, and was the company’s in-country manager […]
According to casualty figures released today by UNAMI, a total of at least 1,737 Iraqis were killed and another 1,978 were injured in acts of terrorism and violence in July*. The number of civilians killed was 1,186 (including 106 civilian police), while the number of civilians injured was 1,511 (including 177 civilian police). A further […]
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. Most of today's Salafist jihadist movements have no interest in the Israeli-Palestinian conflict, for the time being regarding it as irrelevant. Instead, their call is to engage in intense, bloody confrontations involving bombings, executions, and […]
By Patrick M Schmidt. While the tanker the United Kalavryta remains outside of American territorial waters by Texas, another tanker carrying “illegal” oil from the Kurdistan region has left for New Jersey. The tanker, Minerva Joy (pictured), left the port of Dortyol in Turkey on Thursday. It has been determined that LydondellBasell purchased two tankers […]
By Patrick M Schmidt. Following the Malaysian Airlines MH17 incident in Ukraine, the United States has taken a closer look at events in Iraq in relation to commercial airline safety and security. The Federal Aviation Administration (FAA) has announced that American commercial aircraft with flight plans over Iraqi airspace must maintain an altitude above 30,000 […]
By John Lee. The United Nations Security Council has unanimously approved resolutions extending the United Nations missions in Iraq and Cyprus, recognizing the vital role they continue to play in the maintenance of peace and security. The Council extended the UN Assistance Mission in Iraq (UNAMI) until 31 July 2015. In doing so, the 15-member […]
By John Lee. Shares in Afren plc have fallen by more than 30 percent on the London Stock Exchange on Thursday, following the announcement that the Board has temporarily suspended the CEO, Osman Shahenshah (pictured) and the COO, Shahid Ullah, pending the investigation of alleged “unauthorised payments”. The company has operations at the Barda Rash, […]
