On Friday, U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Airstrike in Syria Near Al Hawl, bomber […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A British archaeological team from the Field Museum and Oxford University conducted excavations between 1923 and 1929 in Kish City, 80 kilometers (50 miles) south of Baghdad. Since then, no other excavations have been […]
The publishers of Iraq Business News are delightd to announce the launch of our new publication, Iran Business News, in response to the intense business interest in Iran in anticipation of the lifting of santions. After years of negotiations, agreement has been reached between Iran and the P5+1 countries (China, France, Russia, the United Kingdom, […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Budget 2016 and the Risk of Slipping into the Debt Trap The Ministry of Finance (MoF) prepared the draft budget law for 2016 and submitted it to the Cabinet for deliberation and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd Sept 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: There will be no trading session at the ISX from September 23, 2015 to September 27, 2015 due to the national holiday, Eid Al-Adha. […]
By John Lee. A spokesman for Iraq's Ministry of Industry and Minerals has said that the ministry is about to finalise a partnership contract with French company Total to set up a giant petrochemical project in Basra province. Abdul Wahid al-Shammari made the comments following a visit by the company's representative in Baghdad. He said the […]
By John Lee. The Iraqi private banks association has announced an increase of half-a-trillion Iraqi dinars in funding to enhance the role of the private sector and the developmentof small and medium-sized enterprises (SMEs), and to increase job opportunities. According to the report from Shafaaq, this brings the funding available to 1.5 trillion Iraqi dinars […]
By John Lee. According to data released by the Turkish Statistics Institute (TÜİK), Iraqi citizens purchased 763 houses in Turkey in July and August, making Iraq the biggest foreign buyer of houses in Turkey. Iraq was followed by Saudi Arabia with 504 houses, Kuwait with 373 houses, Russia with 350 houses and the U.K. with […]
By John Lee. The Iraqi Prime Minister, Haider al-Abadi, has angrily rejected a report from Human Rights Watch (HRW) alleging abuses by militias in Tikrit. In a statement, Abadi claims that "HRW has relied on unverified video recordings and telephone calls reporting acts of robbery, looting and destruction, and recorded them as local eyewitness testimony, […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On March 30, a police station in Babil received an anonymous tip about an infant who had been thrown in the garbage. A patrol dispatched to the location found a baby in a cardboard […]
By John Lee. An American court has dismissed an attempt by the Kurdistan Regional Government (KRG) to overturn a previous decision against its planned sale of oil to a US-based customer. The case arose when Iraq’s central government sued to seize a tanker loaded with crude oil from Iraqi Kurdistan -- the United Kalavryta (pictured) […]
By John Lee. A meeting of the Iraqi cabinet on Tuesday authorised the Minister of Industry and Minerals to negotiate with the French company Lafarge concerning investment in the Karbala cement plant (pictured). The Minister will put the results of the negotiation to the Prime Minister for approval. (Source: Office of the Prime Minister)
