Archive | 2017

Opportunity for UAE Business: Key Iraqi Ministers come to Conference

Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November. The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, […]

Restrictions on Border with Iraqi Kurdistan to Be Removed

Chief of Staff of the Iranian Armed Forces said on Monday that the country’s border with Iraqi Kurdistan region will reopen in coming days. Speaking to reporters on the sidelines of a local ceremony, Major General Mohammad Hossein Baqeri pointed to the ruling Kurdistan Democratic Party led by Masoud Barzani’s attempts in the Iraqi Kurdistan […]

Iran Cancels Arbaeen Flights to Iraq Due to Dust Storms

The rising level of dust pollution in Iraq forced Iranian airlines to cancel their flights to the Arab country’s cities of Baghdad and Najaf ahead of Arbaeen, the 40th day after the anniversary of the martyrdom of Imam Hussein (AS), the third Shiite Imam. With dust clouds reducing visibility, Iranian flights heading to Baghdad and […]

Strikes Continue in Effort to Defeat ISIS

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting eight strikes consisting of 14 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria Coalition military forces […]

Video: Families Flee Fighting in Anbar

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Members of the governmental forces assist families fleeing combats in the Iraq's western desert bordering Syria, as Iraqi forces fight against remnant pockets of Islamic State group jihadists.

October Market Review: Changed Oil Dynamics & Liquidity

By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. October was mostly a replay of the dog days of the summer as far as the market was concerned. However, two developments are worth […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Japan Lends $502m to Iraq for Development

JICA to Support Reconstruction in Power Supply and Iraqi Government’s Fiscal Reforms: Signing of Two Japanese ODA Loan Agreements for Iraq The Japan International Cooperation Agency (JICA) and the Iraqi Government have signed two loan agreements at Ministry of Finance in Baghdad. These two ODA (Official Development Assistance) loans, amounting to JPY 57,220 million (approximately […]

16% Growth in Zain Iraq Customer Base

By John Lee. Despite the exceptional socio-economic circumstances coupled with the continuation of intense price competition, Zain Iraq achieved USD 811 million revenues due to the impressive growth in data usage and numerous customer acquisition initiatives in the northern regions of the country. The operation’s efficiency drive saw EBITDA reach USD 281 million, reflecting a […]

Asiacell Revenues Up 11%

By John Lee. Ooredoo Group has reported that to reactivation of its sites in Mosul has contributed to an 11% increase in Asiacell's customer base (12.5 million customers) in the first nine months of 2017. Revenue increased 6% to QAR 3.3 billion, "demonstrating Asiacell's leadership in the market despite the difficult political and economic situation", […]

Details of Latest Strikes Against ISIS

U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria, conducting 11 strikes consisting of 17 engagements in recent days, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the most recent strikes, noting that assessments of results are based on initial reports. Strikes […]