By John Lee. Fadi Abboud, the former head of the Lebanese industrialists association, has told The Daily Star that Lebanon’s total exports to Iraq will see a sharp decline over the coming months due to the deteriorating security situation in the country. Adding that Iraq is the fifth-largest recipient of Lebanese products, he said that […]
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. The continuing conflict between Sunnis and Shiites has caused significant negative effects on minorities in Iraq. During the recent setback, many Christian areas have fallen under the control of the Islamic State (IS, formerly […]
By Anne-Laure Barbosa at Constellis Consulting On 15 July, Iraqi MPs took the first formal step toward forming a new government, by electing Salim al-Juburi, a Sunni lawmaker, as the new speaker of parliament. Negotiations between the main parliamentary blocs had been in gridlock since the April elections failed to produce a majority, with sessions adjourned […]
By John Lee. Malaysia's Weststar Aviation Services is looking to tap the helicopter charter market in Iraq, according to a report from Astro Awani. Weststar group managing director and owner of Westar Aviation, Tan Sri Syed Azman Syed Ibrahim, said the company was planning to enter the market as early as next year and will […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th July 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,502 (-1.1%)/ $1,604 (-1.0%) (weekly change) (-19.5% and -19.2% YTD change, respectively). The number of week traded shares […]
By John Lee. Cargo flights to and from Erbil and Sulaimanya [Slemani] have reportedly been suspended. A spokesman for Emirates SkyCargo told Lloyd’s Loading List that the airline’s freighter flights to and from Erbil “have been temporarily suspended at the request of the Iraqi Civil Aviation Authority. However, Emirates [passenger] flights are operating as per […]
By John Lee. The Iraqi parliament has again failed to break a political deadlock on the formation of a new government, reports Reuters. After a brief session on Sunday, parliamentary officials postponed efforts to reach agreement until Tuesday. Prime Minister Nuri al-Maliki (pictured) is seeking a third term but faces opposition from Sunnis, Kurds, and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. One of Iraq's most well known religious figures is calling for unity despite sectarian violence. Sayyed Alsarkhy Alhassany's followers have been beaten, tortured, and killed by Iraqi forces after he rejected a call […]
Prime Minister Nechirvan Barzani yesterday received the United Kingdom’s new Consul General to the Kurdistan Region, Mr. Angus McKee. They discussed the relationship between the United Kingdom and the KRG as well as current political issues. The Prime Minister congratulated the Consul General and wished him success in his new position. Consul General McKee expressed […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Constitution Says Iraqi Govt is Now Illegal – But Does Anybody Care? After last week’s abject failure by the new Iraqi Parliament to achieve anything, the country is now […]
By John Lee. After five-plus years of litigation, the Armed Services Board of Contract Appeals (ASBCA) has reaffirmed KBR’s use of private security contractors during combat operations in Iraq. The ruling clears the way for KBR to recover $45 million plus interest from the U.S. government for services rendered in 2003-2007. It also confirms the […]
Iraqi security forces and militias affiliated with the government appear to have unlawfully executed at least 255 prisoners in six Iraqi cities and villages since June 9, 2014. In all but one case, the executions took place while the fighters were fleeing Islamic State of Iraq and Sham (ISIS) and other armed groups. The vast […]
