By Patrick Schmidt. The British government announced Sunday the dispatch of an official special military envoy to the Kurdistan Regional Government (KRG). General Sir Simon Mayall will assume the title of “Government Security Envoy.” “He will travel to Iraq next week to meet with political leaders in Baghdad and the Kurdistan Regional Government in Erbil […]
By Patrick Schmidt. According to a statement released by the Ministry of Oil, Iraq exported 75.7 million barrels of oil in July. This figure means that an average of 2.5 million barrels were exported per day and would mark a five percent increase in exports since July 2013. Iraq earned $7.74 billion worth of revenue […]
By John Lee. The Guardian has recently run a feature on Garsdale Design, a family business based in Yorkshire, England, who have been working on projects in Iraq since 2007. The business is led by father and son team Eliot and Derrick, who have used cutting edge 3d modelling software to make plans for cities in […]
By John Lee. The BBC's Jim Muir has reported from the front lines at Bakarta in the Kurdish region of Iraq, where Kurdish Peshmerga troops have retaken villages lost to the Islamic State of Iraq and the Levant (ISIL). Interestingly, Muir reports from a hill on the front lines that the Kurds seized from ISIL, […]
By John Lee. Iraq was once the consumer of some 20% of Jordan's exports, but since the border between the two countries is now all but closed, this trade has dropped off dramatically. Al Jazeera has reported that the number of trucks crossing the border between the two countries has fallen from an average of 500 […]
By John Lee. It has been the site of a dramatic siege since the June offensive of the Islamic State of Iraq and the Levant (ISIL) which seized large swathes of northern Iraq. Baiji refinery was vital for refined fuel products for much of the north of the country, and initially the Iraqi army unit […]
By Patrick Schmidt. The Kurdish Minister of Natural Resources, Ashti Hawrami (pictured) announced that the Kurdistan Regional Government (KRG) has sold 7 million barrels of oil on the international market. He remains confident that the KRG will win the ability to sell oil in the US markets. Currently, the KRG produces 300,000 barrels of oil per […]
By John Lee. The Associated Press has reported recently on the northern Iraqi town of Amerli where some 15,000 members of Iraq's Shi'a Turkmen minority are cut off from food and water supplies and besieged on all sides by Islamic State of Iraq and the Levant (ISIL) fighters. If ISIL are able to enter the town it is […]
By John Lee. No doubt in the hope of happier times ahead, Iraq's National Museum has opened two new halls at a recent well attended ceremony. Showcasing objects from a span of 7000 years of Mesopotamian history, a key feature of the new part of the museum was some 500 objects from the Hellenistic period, […]
By Barbara Slavin for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. US officials have begun discussions with local leaders in Iraq’s Ninewa province about how to recapture the city of Mosul in the wake of the successful operation to recover control of Mosul […]
By Patrick Schmidt. American officials have announced that more US troops may be deployed to Iraq in the coming weeks. The additional troops would be based in the capitol city of Baghdad. Approximately 748 US troops have been deployed to Iraq since the rise of the Islamic State (IS). These troops supplement the usual 100 […]
By John Lee. Iraqi counter-terrorism experts have announced that the recent increase in US air strikes in the Mosul dam area (north of Mosul) have caused two waves of ISIL retreats. Following the beheading of American journalist James Foley, the Islamic State issued a warning to the US that further strikes would see the execution […]
