Archive | 2015

Basra has Money to Spend on Infrastructure

By John Lee. The Governor of Basra, Majid Al-Nasrawi [Alnasrawi] (pictured), has called on Filipino companies to invest in the province. During a meeting with the country's Chargé d’Affaires, Elmer Cato, he stressed that Basra and the rest of southern Iraq remain safe for investors. Citing the example of the Manila-based International Container Terminal Services Inc. […]

Catholic University to Open in Erbil

By John Lee. The Chaldean Catholic Archbishop of Erbil, Bashar Warda, has reportedly said he plans to open a Catholic university in Erbil in October. Speaking in Australia, he said university "will embrace our Christian and Yazidi young men and women who were forcefully displaced from their areas and homes in the Plain of Nienveh in […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd July 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,339 (-5.4%) / $1,379 (+0.02%) (weekly change) (-3.9% and -6.9% YTD change, respectively). The number of week traded […]

Solar Energy to Meet Electricity Needs?

By John Lee. Iraq's Electricity Minister, Qassem Fahdawi [Qassim al-Fahdawi] (pictured), has reportedly said that his ministry is looking to invest in solar energy projects, in an attempt to solve the continuing shortage of electricity. He said the country produces only about 11,000 MW of power, but needs 21,000 MW. According to Kuwait's KUNA news […]

$1.5m Support for Humanitarian Coordination

The Federal Government of Iraq’s Joint Coordination and Monitoring Centre (JCMC) and Kurdistan Regional Government’s Joint Crisis Coordination Centre (JCC) today met in Erbil to discuss how to effectively reach to more than 3 million displaced Iraqis in the country, as funding is drying up. The United Kingdom and UN Development Programme (UNDP) also signed […]

Airstrikes Continue Against ISIL Terrorists

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. Officials reported details of the latest strikes, which took place yesterday, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter, bomber and remotely […]

Haditha 'Next Target' for IS

By John Lee. The Islamic State group (IS, ISIS, ISIL) has reportedly identified the city of Haditha, in Anbar province, as its next military target. Situated 240 kilometers (150 miles) northwest of Baghdad, it is the site of Iraq's second-largest hydroelectric facility, with the six-mile-long Haditha Dam on the Euphrates River. The city has a population […]

Popular Mobilization Units - Heroes or Villains?

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. Are Iraq's Popular Mobilization Units heroes or villains? In September 2014, Ahmed al-Khafaji enlisted at the age of 25 in the Popular Mobilization Units, which were formed in accordance with a religious fatwa issued […]

What Iraq needs to Survive

By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In describing the Iraqi dilemma since 2003, some Iraqis have been attributing the problem to political rather than social factors, whereby all disputes were ascribed to political causes. The prevailing thought […]

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Airstrikes Hit ISIL in Syria, Iraq

U.S. and coalition military forces have 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 latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter and remotely piloted […]

Iraqis Weigh In On Iran Nuclear Deal

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. 'The USA Sold Us to Iran': Iraqis Weigh In On Iran Nuclear Deal Earlier this month news broke that a deal on Iran's nuclear programme had been reached, after months-long […]

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Karbala Authorities Obsess About the Terrorists Next Door

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. A Trench, Closed Roads and Students Sent to Military Camps: Karbala Authorities Obsess About the Terrorists Next Door In mid-May the extremist group known as the Islamic State managed to […]