By John Lee. Zain Iraq has said that the exceptional socio-economic circumstances in Iraq have hampered the company's financial performance, with revenues for the period reaching $804 million and EBITDA reaching $284 million. Net income amounted to $29 million, with the EBITDA margin standing at 35.3 percent. Data-related revenues formed 9 percent of overall revenues […]
US-based internet technology company Cisco has announced its role in restoring and rebuilding the Iraqi National Backbone, a multi-layer IP and optical network that spans the long terrestrial route from Iraq to Turkey. The Iraqi National Backbone is a joint venture between Symphony and EarthLink JLT, reaching most major Iraqi cities. It will be available […]
As Iraq’s offensive to liberate Mosul from ISIS control looms, the UN Office for the Coordination of Humanitarian Affairs has warned of an impending humanitarian crisis. Alongside UN agencies and other humanitarian organisations, AMAR teams are drawing up urgent preparation plans to assist those fleeing the fighting. Captured by ISIS forces in June 2014, Iraq’s […]
Iraqi Troops Advance Toward Mosul as ISIL Tries to Hide Movements Iraqi and Kurdish peshmerga security forces are working together as they advance along several axes to liberate Mosul, Iraq, from Islamic State of Iraq and the Levant control, Navy Capt. Jeff Davis, director of Pentagon press operations, told reporters yesterday. “The level of coordination […]
EU-Iraq high-level meeting discussed challenges ahead and cooperation The Cooperation Council under the EU-Iraq Partnership and Cooperation Agreement (PCA) between the European Union (EU) and the Republic of Iraq met for the second time in Brussels on 18 October 2016. The meeting was opened by the High Representative of the Union for Foreign Affairs and […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq calls it an invasion; Turkey says its insurance. Both are arguing over Turkish troops in Iraq. The Iraqi army, along with Kurdish, Sunni Arab and Shia Muslim troops, began the fight to […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Allied Iraqi forces say they are closing in on the ISIL stronghold of Mosul and are working to clear a key road between the city and Erbil. The operation to push ISIL, or […]
By John Lee. WesternZagros Resources has announced that it has received US$5.5 million from an insurance claim related to the drilling program for the Hasira-1 well in Iraqi Kurdistan, where testing of the well had to be prematurely terminated in early 2015 due to a considerable influx of reservoir formation debris plugging the tubing. "The […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Now, it's the only one they have left - and not for much longer if the Iraqi army has its way. The battle has begun to recapture Mosul. Iraqi commanders say victory will […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces launch an offensive to retake Mosul and deal a death blow to the Islamic State group's "caliphate" in the city where it was declared two years ago.
Iraqi forces launched their counterattack yesterday to liberate Mosul from the Islamic State of Iraq and the Levant, according to a statement released by Combined Joint Task Force Operation Inherent Resolve officials. "The United States and the rest of the international coalition stand ready to support Iraqi security forces, peshmerga fighters and the people of […]
