The Iraq Britain Business Council (IBBC) Spring Conference 2015 will be held at the Mansion House on the 1st June and the Royal Overseas League on the 2nd June. Baroness Nicholson of Winterbourne, IBBC Executive Chairman and UK Trade Envoy for Iraq, the Executive Committee and Council Members, will welcome distinguished speakers such as H.E. […]
Report first published in nina-iraq.com, the magazine for Iraqi women everywhere Key stakeholders, including the Municipality of Suleimania, the University of Suleimania, Chamber Trade Sweden, Nina Magazine and many others sent a strong message of collaboration and support to all Iraqi women on March 8th Women’s Day. A two day event held at the Grand […]
By John Lee. Qatar-based Ooredoo has reported that its Iraqi subsidiary, Asiacell, substantially grew its customers during the year, increasing by 15% to 12.3 million compared to 10.7 million at FY 2013. In its 2014 Full Year Results, it said Asiacell faced the challenge of the growing security issue in the country during the year, […]
Modern Iraq Company for Trading Agencies (MICTA), the authorized distributor for Cummins Power Generation, has supplied a prime power solution to an important religious site in Iraq. The 6.4 MW solution is powering the Al Abbas Mosque at Karbala, a mausoleum visited by millions of pilgrims every year. MICTA delivered, installed and commissioned four enclosed […]
By John Lee. The Saudi Foreign Minister, Saud al-Faisal (pictured), has told reporters in Riyadh that “Iran is taking over Iraq.” The comments were made during a joint press conference with US Secretary of State John Kerry, in which Kerry said the United States was keeping an eye on Iran's 'destabilizing' acts, adding that his country […]
By John Lee. The Czech government has approved the sale of 15 redundant L-159 combat planes to Iraq. Defense Minister Martin Stropnický said the government will receive 750 million Kč ($30 million) via the Aero Vodochody mediating company. Prague Post reports that the deal will give work to up to 100 people who will assemble […]
By John Lee. Pumping of crude oil from Iraqi Kurdistan to the port of Ceyhan in Turkey has reportedly been halted since Monday. An official at Turkey's state pipeline operator Botas said told Reuters that there had been a theft on the pipeline and that repairs would take around one to two days. (Source: Reuters)
On Monday, Prime Minister Haider al-Abadi met the director of the fund to reconstruct the areas affected by terrorist operations, Dr. Abdul Basit Turki. They examined ways to expedite provision of services and the completion of reconstruction for the liberated areas that were devastated by the terrorist gang Daash (Islamic State), in addition to persuading […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The advance of the Iraqi army against ISIL is forcing a growing number of people from their homes. It's a situation that aid agencies in Iraq say is only going to get worse. […]
National Overview Allied forces are now understood to be in preparations for a direct assault on Tikrit city, following a large scale retreat of ISIS fighters from towns and villages protecting main routes. In total some 20,000 troops, alongside PMU militias and Sunni tribesmen have advanced on the town, closing off routes to the south […]
By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, according to Bloomberg. Asian shipmentas are priced relative to the Dubai-Oman crude benchmark, published by Platts, the energy-information division of McGraw-Hill. Basrah Light to Asia will sell at a […]
By John Lee. Militants from the Islamic State (IS, ISIS, ISIL) have reportedly destroyed ruins at the ancient city of Hatra, 110km (68 miles) south-west of Mosul. The UNESCO world heritage was founded during the Parthian Empire over 2,000 years ago. "The destruction of Hatra marks a turning point in the appalling strategy of cultural […]
