By John Lee. International Container Terminal Services (ICTSI) has officially inaugurated the first phase of its new $130-million greenfield port development at Basra Gateway Terminal (BGT) in Umm Qasr. Iraq’s Minister of Transport, Kadhem Finjan al-Hamami, attended the ceremony along with ICTSI chairman and president, Enrique K. Razon Jr. The Philippines-based company signed a 26-year concession […]
Iraq’s Hit Island in Anbar Province has been liberated from Daesh (ISIS, ISIL) terrorist group by the Arab country’s army troops, the head of Anbar Operations Command, Major General Ismail al-Mahalawi, said. The Iraqi army units managed to fully liberate Hit Island, 70 km west of Ramadi, from Daesh Takfiri terrorists, the commander told the […]
Hundred thousand at risk of sleeping in the open during first weeks of Mosul military operation As many as 100,000 people face the risk of being left to sleep out in the open if the military operation to retake the Iraqi city of Mosul begins next week, the International Rescue Committee (IRC) has warned. Current […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Wednesday, 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 Attack, fighter and […]
By John Lee. Reuters reports that Glencore is seeking to increase oil trading with Libya, Iran and Iraq to beat what looks to be a much tougher trading environment compared with last year. Alex Beard, the company's global head of oil, told the Reuters Commodities Summit that Glencore would be seeking to trade more crude from […]
The United Nations Human Settlements Programme (UN-Habitat) has inaugurated newly renovated residential units in Anbar University, located in Ramadi, Anbar Governorate. With generous contribution from the Government of Japan, the renovation of the residential units was implemented under the project titled “Promoting Urban Recovery in Newly Liberated Areas in Iraq.” As other public facilities and […]
By Ibrahim Malazada for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Sept. 22 and 23, the Dwryan Organization held its second conference in Sulaimaniyah with the participation of researchers and specialists in the field of education. The conference focused […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Salim al-Jabouri is the fifth Sunni Arab figure to become speaker of the parliament during the three post-2003 parliamentary terms. Jabouri belongs to the Islamic Party, which is said to […]
The size of Iraq’s second-largest city will make the liberation of Mosul from the Islamic State of Iraq and the Levant’s two-year grip the largest mission Iraqi security forces have yet undertaken against the enemy, the spokesman for Combined Joint Task Force Operation Inherent Resolve told Pentagon reporters today. Providing an update on the counter-ISIL […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Tuesday, 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 Attack, fighter and […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 14 remittance companies took part in its currency auction on Thursday. A total of $141,865,045 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Reuters reports that Iraq plans to cut crude oil exports from its southern ports to 3.24 million bpd in November, down from the 3.28 million bpd planned for this month. According to data from a preliminary loading programme of the State Oil Marketing Organization (SOMO), exports of Basra Light grade are expected […]
