By John Lee. An US man has pleaded guilty to stealing more than $8 million from a Turkish investor, U.S. Attorney Tom Beall said. Nagy Shehata, 57, Olathe, Kansas, pleaded guilty to one count of conspiracy to commit wire fraud. In his plea, he admitted the crime occurred while he was president of Premier Investment […]
By John Lee. Asharq Al-Awsat reports that armed groups from the Islamic State group (IS, ISIL, ISIS, Daesh) and al-Qaeda have held meetings to establish a new terrorist organization in Iraq. A senior police official in Kirkuk province told the news organization that he believed Arab and foreign militants will be part of the new […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan faces many Obstacles to Independence Referendum Iraq's Kurdistan Regional Government (KRG) announced May 24 that it had formally informed the United Nations Security Council of its intention […]
By John Lee. The United Nations has advertised new positions in Iraq: Liaison Advisor, World Vision UN Women - Operations Manager, United Nations Development Programme (UNDP) Assistant Procurement Officer, United Nations Assistance Mission for Iraq (UNAMI) National Consultant, United Nations Assistance Mission for Iraq (UNAMI) CCCM Assistant - Database, Norwegian Refugee Council (NRC) CCCM Team Leader- […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Research and Advocacy Coordinator (Cash Consortium of Iraq), Oxfam Emergency Team Leader (Mobile Team Leader), Oxfam Finance Coordinator, Action contre la Faim (ACF International) Finance & Human Resources Manager, Action contre la Faim (ACF International) Logistics Manager, Action contre la Faim (ACF […]
Mosul: UN receives reports of mass killings of fleeing civilians by ISIL Credible reports indicate that more than 231 civilians attempting to flee western Mosul have been killed since 26 May, including at least 204 over three days last week alone. The UN Human Rights Office has been documenting ISIL’s use of civilians as human […]
By John Lee. Chinese engineering company Norinco International has reportedly signed a contract with Jabal Bazian Co for General Trading [Jabal Jaber Bazian Company for General Trading] for the construction of a new cement plant in Iraq. The $445-million contract covers the plant's production line design, purchasing, construction management, operational work as well as administration […]
By John Lee. The Kurdistan Region of Iraq is to hold a referendum on independence on 25th September. According to BBC News, there was no immediate comment from Iraq's central government, but it has urged Kurds not to hold a referendum. Moves towards outright independence have historically been opposed by the governments of neighbouring Iran, […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced that the Kurdistan Regional Government (KRG) has made a gross payment of $15.0 million ($12.0 million net to GKP) for Shaikan crude export sales in February 2017. (Source: GKP)
UNHCR, the UN refugee agency, has opened another camp in response to a continued surge in the number of newly-displaced Iraqis fleeing the military offensive in western Mosul and in other areas of conflict. Al Salamiyah 2, south of Mosul, began to receive its first families today. 2,500 tents have so far been pitched, but […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 38 strikes consisting of 75 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria In […]
By John Lee. Cross-border trade has increased 20 percent in the first three months of this year after authorities installed automatic electronic system in the main border stations in January. The manager of the Kurdistan Region Customs Service told Rudaw: “The automation process has had an immediate and relatively large impact on the overall revenues […]
