By John Lee. BasNews, citing an anonymous source, reports that one German and one American bank have expressed interest in lending to Erbil, if it proves its ability to repay the loan and interest. The KRG Parliament recently passed a bill allowing the government to borrow up to $5 billion (6 trillion iraqi dinars), at […]
US President Barack Obama has authorized Defense Secretary Ash Carter to provide a modest increase in additional U.S. personnel to be deployed to Iraq in a noncombat role, Defense Department officials announced today. Officials said Obama has authorized up to 450 additional U.S. personnel to deploy to Iraq to expand the U.S. advise-and-assist mission at […]
Construction has commenced for the Cristal Grand Erbil Hotel, the second hotel to be operated by the group in the Kurdistan city, and its third in Iraq. The five-star flagship property will feature 160 rooms and suites when it opens in 2017, as well as several restaurants, a gym, spa and business centre, according to […]
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 […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. While the United States ponders its strategy, Iraq is being torn apart by war and is struggling to survive as a unified country:
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Over the last 10 years, traveling merchant Hussein Alwan and his seven-member family never missed celebrating any Shiite religious occasion. They visited Najaf, Karbala and Samarra several times, and on May 12 they made a […]
By John Lee. Reuters reports that oil production at the West Qurna II oilfield is currently running at around 402,000 barrels per day. The news agency quotes Lukoil Overseas senior vice president, Gati Al-Jebouri (pictured), as telling at a conference in London that output is expected to rise to 420,000 bpd by the end of […]
Turkish-based storage tank company Ergil has completed a comprehensive engineering, design, material supply and fabrication project in Iraq. ROSCO (Rafidain Oil Services Co., part of the Jurmat Group Of Companies), the EPC contractor for the New Flow Tanks EPC Project, has awarded the company the engineering, design, material supply and fabrication of 33m dia & […]
Regus, the global workplace provider, has just announced the expansion of its global network to include Iraq, its 105th country. Its new centre in Erbil, Kurdistan, will support the activities of companies in the region, particularly in the fields of oil and gas, engineering and technology. Located in the prime commercial district of Erbil, close […]
By John Lee. US President Barack Obama is reportedly preparing to approve the deployment of up to 500 additional US troops to Iraq to train up local forces fighting the Islamic State (IS, ISIS, ISIL). Unnamed US officials were quoted as saying that a new training base may also be set up in Anbar. The […]
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 […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Al Jazeera's Jane Dutton explains ISIL's gains and losses in Iraq:
