Archive | 2018

Operation Roundup Continues to Target ISIS Remnants

Combined Joint Task Force Operation Inherent Resolve and its partners continue to pursue the lasting defeat of the Islamic State of Iraq and Syria in designated parts of Syria and Iraq, task force officials reported on Monday. Operation Roundup, which began May 1 to accelerate the defeat of ISIS in the Middle Euphrates River Valley […]

Iran, Sanctions and Iraq: The Bigger Picture

By Ahmed Tabaqchali. Originally published by Iraq in Context; re-published by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Current analysis of renewed Iran sanctions often overlooks the wider context of Iraq's regional trading relations.  The extent of Iraq’s compliance with […]

Chevron to Develop Oil Fields in Basra

By John Lee. The state-run Basra Oil Company (BOC) has signed a memorandum of understanding with US oil company Chevron to develop oil fields BOC announced the start of the first phase of work and cooperation with Chevron US to develop some oil fields and the establishment of a company. The Director-General pointed out that […]

Supreme Court Ratifies Election Results

By John Lee. Iraq's Supreme Court (pictured) has ratified the results of the parliamentary election, which was held in May. According to The National, this gives the winning political parties three months to form a new government. Muqtada al-Sadr has retained his lead. A coalition government needs at least 165 from a total of 329. […]

Iraq: "Chilling Accounts of Torture, Deaths"

Two former detainees and the father of a man who died in detention have provided details of ill-treatment, torture, and death in facilities run by the Iraqi Interior Ministry in the Mosul area, Human Rights Watch said on Sunday. A detainee held by the ministry’s Intelligence and Counter Terrorism Office in an east Mosul prison […]

TBI puts Bank Acquisition Plans on Hold

By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly put plans to buy a Turkish commercial bank on hold because of the fall in the Turkish lira. TBI chairman Faisal al-Haimus told Reuters that the bank is keen to expand its footprint in Turkey, Iraq’s largest trading partner. According to the report, TBI has […]

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 […]

Iraq and Jordan sign Security Agreement

By John Lee. Iraq and Jordan have signed a a military-security cooperation agreement. The agreement aims to exchange expertise and information in the field of border protection, developing intelligence capabilities, joint military exercises, research and technology development, combating terrorism in various forms, training and development. (Source: Iraqi Ministry of Defense)

As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border Crossing

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Kamal al-Ayash. As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border Crossing Opening the Arar border crossing on Iraq’s border with Saudi Arabia could help locals economically. But analysts […]

DNO Presses Foot on Accelerator in Kurdistan

DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of USD 289 million which were up 83 percent from the same period last year. The Company also reported a net profit of USD 61 […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Aug 2018). Note: ISX will be closed starting from Aug. 21, 2018 to Aug. 26, 2018 due to the religious holiday of Eid Al-Adha. The next session will be held on Monday, Aug. 27, 2018. Please click here to download a table […]