From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Security forces remain on high alert in Kirkuk a week after they foiled an attempt by fighters belonging to the Islamic State of Iraq and the Levant (ISIL) group to take control of […]
By John Lee. Reuters reports that Iraq has asked international oil companies to save costs by shutting down their prestige offices in Dubai and running their Iraqi operations from within Iraq. Oil companies with contracts in Iraq have to clear spending with Baghdad, including staffing costs, and are then repaid with income from Iraq's exports […]
By John Lee. Shell and oil trading house Vitol are reported to be stepping up their operations in the port of Fujairah to store Iraqi crude. Shell, an equity partner in Iraq's Majnoon oilfield, leased five large crude storage tanks at Fujairah port last year. Vitol has also started to store crude from Iraqi Kurdistan in […]
Iraqi security forces and Kurdish Peshmerga fighters are making progress as they push toward Mosul in the effort to liberate the city from the Islamic State of Iraq and the Levant, the Pentagon's press secretary said on Monday. "There's no question that counter-ISIL forces continue to have the momentum in this fight," spokesman Peter Cook […]
By John Lee. Iraq has been elected to serve on the Human Rights Council, the United Nations body responsible for the promotion and protection of all human rights around the globe. Also among the 14 states elected by secret ballot on Friday were Brazil, China, Croatia, Cuba, Egypt, Hungary, Japan, Rwanda, Saudi Arabia, South Africa, […]
A total of 1,792 Iraqis were killed and another 1,358 were injured in acts of terrorism, violence and armed conflict in Iraq in October 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in October was 1,120 (including 15 federal police, Sahwa civil defence, […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Sunday, 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 Attack, fighter and remotely […]
The U.S. Embassy Baghdad has received reports of attempts to kidnap U.S. citizen nongovernmental organization staff riding in vehicle convoys to provide aid to Mosul, Iraq. Militants demanded to see passports for all travelers in convoys and searched specifically for U.S. citizens. As a reminder, U.S. citizens should maintain a heightened sense of security awareness […]
The use of white phosphorus around the city of Mosul could pose a deadly risk to civilians fleeing the fighting in the coming days and weeks, Amnesty International has said. The organization received credible witness and photographic evidence of white phosphorus projectiles fired over an area north of the village of Karemlesh, about 20 kilometres […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 12 remittance companies took part in its currency auction on Tuesday. A total of $146,467,247 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Kurdistan Regional Government's Ministry of Higher Education and Scientific Research has requested proposals from investors interested in setting up two new private universities. One university will be in Erbil, and one in Sulaymaniya. Proposal should be sent to the Ministry HQ by 11th November, 2016. More information here. (Source: KRG)
By John Lee. In its results for the first nine months of the year, Qatar-based Ooredoo said this morning that business at its Iraqi subsidiary Asiacell is still affected by the political and economic situation in the country, a "dysfunctional banking system", and VAT impact. Despite these challenges, Asiacell maintained its revenue leadership in the […]
