Archive | 2015

ISIL Tactical Losses Continue

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 between 8 a.m. Tuesday and 8 a.m. Wednesday, local time, noting that assessments of results […]

PM Barzani meets Egyptian Ambassador

Kurdistan Regional Government Prime Minister Nechirvan Barzani on Tuesday received the Egyptian Ambassador to Iraq, Mr. Ahmad Hassan Darwish, and his accompanying delegation. Ambassador Darwish highlighted historical relations between Kurdistan and the Egyptian people, hoping to expand those relations particularly in the economic fields of trade and investment. He pointed out that Egyptian investors are […]

Iraqis Demand Better Security for Pilgrims

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. On May 15, the Shiite Endowment issued a statement that in one week, around 12 million Shiite visitors flew to Baghdad’s Kadhimiya district to commemorate the death of Imam Musa al-Kadhim, who died in […]

Currency Auction Results, 17th June

By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 4 remittance companies took part in its currency auction on Wednesday. A total of $257,651,600 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Renault Trucks Signs Iraq Distributor

Renault Trucks has signed up Iraq’s Sunflower General Trading Company as the sole distributor for the French truck manufacturer in Iraq, excluding Kurdistan. Sunflower General Trading Company is ‎one of the main ‎business ‎partners of the State Company for Automotive Industry (SCAI), and truck ‎distributors ‎in Iraq. The partnership will allow Sunflower to expand its […]

Air Energi Wins New Contract with BP Iraq

Air Energi has been awarded its first major contract with BP Iraq. The five year agreement will see Air Energi deliver talent acquisition services to support BP Iraq’s operations in the Middle East. The agreement includes the supply of expatriate talent to support Iraq’s giant Rumaila and Kirkuk oil fields. With estimated recoverable reserves of […]

University of Koya Teams up with US Uni

A fifth cooperative agreement has been signed between the University of Arkansas at Fayetteville and an Iraqi university. The agreement with the University of Koya, in Iraq's Kurdistan region, calls for an exchange of research materials and encourages visits from one institution to the other. In May, UA spokesman Amanda Cantu said no UA students […]

Airstrikes Hit ISIL in 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. Officials reported details of the latest strikes, which took place between 8 a.m. Monday and 8 a.m. Tuesday, local time, noting that assessments of results […]

Currency Auction Results, 16th June

By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 4 remittance companies took part in its currency auction on Tuesday. A total of $234,961,582 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Regulator Drops $100m Zain Fine

By John Lee. Iraq’s Communication and Media Commission (CMC) has scrapped a $100-million fine imposed on mobile phone operator Zain Iraq. The telecom watchdog had claimed that Zain Iraq sold mobile phone SIM cards without its permission. Reuters reports that a CMC committee considering the case decided not to impose the fine. (Source: Reuters) (Dollars […]

Iraq, a Failed State?

By Ahmed Mousa Jiyad. Anatomy of Perceived Failed States in MENA Region: The Case of Iraq The latest and severest manifestation of resource curse attacks in MENA region is the potential threat of dismantling the “nation state” model through a transitional phase of creating the conditions of a “failed state”. This could be the case […]