Archive | 2017

Coalition Strikes Hit ISIS Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Thursday, 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 In Syria, coalition military forces conducted 12 strikes consisting […]

Cape Pursues Expansion in Iraq

By John Lee. UK-based Cape plc, a provider of critical industrial services to the energy and natural resources sectors, has said that it is pursuing expansion in Iraq, where the Group was awarded initial small contracts from Kuwait Energy and GE during 2016. In its preliminary results for the twelve months to 31 December 2016, […]

UNICEF Iraq Monthly Humanitarian Situation Report, Feb 2017

UNICEF Iraq Monthly Humanitarian Situation Report, February 2017: Highlights Military operations to re-take western parts of Mosul city started on 19 February 2017. The UN estimates that around 750,000 civilians are still residing in the western section of the city. Humanitarian actors are deeply concerned about the situation of civilians, including 412,000 children. Since 19 […]

Strikes Continue Against ISIS Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria 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 In Syria, coalition military forces conducted 11 strikes consisting […]

Fitch Revises Outlook on Iraq to Stable; Affirms at 'B-'

Fitch Ratings has revised the Outlook on Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'B-'. The Country Ceiling has been affirmed at 'B-' and the Short-Term Foreign-Currency IDR at 'B'. KEY RATING DRIVERS The revision of the Outlook reflects the following key rating drivers: Iraq's fiscal […]

Zain Group names new CEO

By John Lee. At its annual Ordinary General Assembly in Kuwait on Monday, Zain Group appointed a new Board of Directors for the coming three years. Scott Gegenheimer, who has served as CEO for four-and-a-half years, has been moved to the new role of CEO of Operations, while Bader Al-Kharafi (pictured) becomes Vice-Chairman and CEO. […]

Premier Oil has "Successfully Exited" its Position in Iraq

By John Lee. Premier Oil has announced that it has "successfully exited" its position in Iraq. The company was awarded a 40-percent stake in the Block 12 concession in 2012, but said in December 2015 that it would assign its participating interest to the operator, Russia's Bashneft, which was subsequently acquired by Rosneft. (Source: Premier […]

Japan supporting Community Police Centers in Kurdistan

Japan supports the construction and rehabilitation of the Community Police Centers in the Kurdistan Region of Iraq Thirty community police centers were handed over today to the Police Directorate of Kurdistan Regional Government’s Ministry of Interior, as part of the continuing support from the Government of Japan to Iraq. The project, “Improving the Impact, Effectiveness, […]

Military Strikes Continue Against ISIS Terrorists

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, 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 Syria, coalition military forces conducted five strikes […]

Video: Fear and Hunger in West Mosul

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The luckiest of west Mosul's residents under Islamic State group rule had tomato concentrate. Potatoes were an almost unheard-of luxury. In parts of Iraq's war-torn second city seized this week by Iraqi forces, hundreds […]