By John Lee. The Kurdistan Regional Government (KRG) has reacted angrily to a statement from Sharjah-based Dana Gas. Shares in the company jumped 13.7 percent on the Abu-Dhabi stock exchange on Sunday after the company won a ruling in the London Court of International Arbitration (LCIA) in its long-running dispute with the KRG in Iraq […]
The Kurdistan Regional Government's Ministry of Electricity and the UN Development Programme (UNDP) have extended their partnership to improve the electricity sector. UNDP will play a pivotal role in updating the region’s master plan and strengthening the institutional capacity of the regional government by establishing a training centre in Erbil. UNDP will continue to help […]
By John Lee. The Iraqi Federal Government is reportedly looking to purchase helicopters and military equipment, including de-mining devices, from the UK. The Minister of Interior, Mohammed al-Ghabban, met with the British Ambassador to Iraq, Frank Baker, to discuss the security situation in the country and the latest developments in the fight against the Islamic […]
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. Officials reported details of the latest strikes, which took place approximately between 8 a.m. Saturday and 8 a.m. Sunday, local time, noting that assessments of […]
By Amberin Zaman for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Masrour Barzani: Kurdish independence would help defeat IS The war against the Islamic State (IS) is continuing full force in Iraq and Syria. And Kurds from both countries remain the most effective […]
By Ibrahim Saleh. 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. Changing The System: Call For New Political System Opens Back Door to Iraq's Unpopular Former PM There have been calls to move Iraq from a parliamentary political […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks and 4 remittance companies took part in its currency auction on Monday. A total of $94,455,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Lockheed Martin Integrated Systems has been awarded a $7,957,813 cost-reimbursement contract for Iraq C-130E/J aircraft sustainment. The company will provide in-country sustainment for the Iraq C-130E/J aircraft. The work will be performed at Baghdad, Iraq, and is expected to be complete by June 30, 2017. (Source: US Dept of Defense)
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Dildar Namiq, 24, is eagerly running up and down a flight of stairs in a two-story office, trying to complete paperwork to join Iraqi Kurdistan's armed forces, known as the […]
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. Kidneys For Sale in Kurdish Camps: Increase In Iraq's Displaced Leads to Increase in Human Trafficking Authorities in Iraqi Kurdistan suspect that displaced people are selling their kidneys to feed […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. With wooden crosses around their necks and others tattooed on their arms, several dozen Iraqi Christians are training to recapture their homes overrun by the Islamic State jihadist group.
By John Lee. The World Bank had reportedly agreed to lend Iraq $1.7 billion (2.0 trillion Iraqi dinars) to help meet its budget deficit. $1 billion of the amount will be a Development Policy Loan (DPL), with a further $350 million allocated to reconstruction and restoring stability to areas liberated from the Islamic State (IS, […]
