By Simon Kent. Iraq's Ministry of Defence has announced that a delivery of three SU-25 ground attack aircraft have arrived in the country for the fight against the so called Islamic State. The Russian made SU-25, known by its NATO code name "Frogfoot," is a slow moving but heavily armed ground attack jet, and several […]
By Simon Kent. According to Judge Sedqi Salimkhan, the Integrity Commission of the Kurdish Region of Iraq (KRI) is reviewing 21 corruption cases including an official from the Sulaimani Immigration Department who has been accused of spending funds intended for internally displaced people (refugees.) The anti-corruption initiative is part of a wave of reforms that Kurdish President […]
By Simon Kent. US Defense Secretary Ash Carter has announced that 200 more advisers and trainers will be joining the effort to re-vamp the Iraqi army ahead of a planned offensive to re-take Mosul, the last major urban stronghold of the so called Islamic State in Iraq. The development is more significant than numbers alone, […]
By Simon Kent. The Iraqi Children Foundation (ICF), is hosting its fourth annual "In their shoes" 5K Run/Walk in Alexandria, Virginia on Saturday, May 14th to benefit Iraq's most vulnerable children – its orphans, street children and kids fleeing ISIS. Funds raised provide social services and legal aid to children at risk of trafficking and recruitment by terrorist […]
By John Lee. Iraqi lawmakers voted on Friday to remove the parliament speaker, Salim al-Juburi (pictured), and his deputies. The move further delays Prime Minister al-Abadi's efforts to appoint a new 'technocrat' cabinet. It came a day after a fist-fight reportedly broke out between lawmakers in the parliament hall following an overnight sit-in. (Source: AFP)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Apr 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD815 (-2.6%) / $817 (-3.4%) (weekly change) (-25.2% and -28.7% YTD change, respectively). The number of week traded […]
By John Lee. A central bank manager in the Kurdistan region has reportedly been arrested as part of a probe into an alleged illegal bond trading scheme. Reuters reports that the scheme may have cost the KRG more than one billion dollars. Adham Karim, the head of the Central Bank of Iraq (CBI) in Erbil, […]
By John Lee. UK-based Serco has agreed a contract extension with the Iraq Civil Aviation Authority (ICAA) to deliver air traffic services and academy training. David J. Greer OBE, CEO, Serco Middle East commented: "The contract extension issued to Serco is a true testament of our work and approach to air traffic safety and training […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces retook the town of Heet [Hit] from the Islamic State group (IS, ISIS, ISIL, Daesh) after weeks of fighting, the military said, the latest in a series of losses for the jihadists:
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Friday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and ground […]
The Iraq Britain Business Council (IBBC) will be holding its Spring Conference on April 27 at Mansion House and on April 28 at Vintners' Hall in London. In recent weeks considerable political debate has taken place in Iraq following Prime Minister Abadi’s announcement of a technocrat reshuffle of his cabinet. It seems that the motto of the conference - ‘Iraq […]
Shares in Gulf Keystone Petroleum (GKP) plunged 30 percent to a new low following the mid-morning announcement of details of fundraising and investment options: Gulf Keystone today publishes further details on potential interim investment scenarios to build a common foundation for stakeholder discussions on the Company's need for near-term fundraising, upcoming debt obligations and possible […]
