By John Lee. WesternZagros Resources has announced that it has received US$5.5 million from an insurance claim related to the drilling program for the Hasira-1 well in Iraqi Kurdistan, where testing of the well had to be prematurely terminated in early 2015 due to a considerable influx of reservoir formation debris plugging the tubing. "The […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Now, it's the only one they have left - and not for much longer if the Iraqi army has its way. The battle has begun to recapture Mosul. Iraqi commanders say victory will […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces launch an offensive to retake Mosul and deal a death blow to the Islamic State group's "caliphate" in the city where it was declared two years ago.
Iraqi forces launched their counterattack yesterday to liberate Mosul from the Islamic State of Iraq and the Levant, according to a statement released by Combined Joint Task Force Operation Inherent Resolve officials. "The United States and the rest of the international coalition stand ready to support Iraqi security forces, peshmerga fighters and the people of […]
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 […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 14 remittance companies took part in its currency auction on Tuesday. A total of $152,798,732 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iranian deputy oil minister Ali Kardor has reportedly urged Iraq to pay off its outstanding debts relating to the construction of a joint gas pipeline with the Islamic Republic. According to Mehr News Agency, he said that if Baghdad fails to settle its outstanding debts, Tehran will not deliver gas to Iraq. The […]
The United States remains committed to supporting the humanitarian needs of Iraqis as a result of the ongoing war against Da’esh. Since 2014, the United States has given more than $1 billion in humanitarian assistance to help the Iraqi people rebuild their communities, return to their homes, and get back to their lives. U.S.–funded demining […]
As the preparations are underway to liberate the City of Mosul from the so-called Islamic State terror group, thousands of families have returned to their villages in Zummar, Nineveh Governorate, after Kurdish forces liberated and secured the area. The High Committee to Evaluate and Respond to International Reports states that more than 2,000 Arab and […]
EU/UNDP Innovation for Development Initiative positions Iraq on the Social Good Summit global map with 6 youth gatherings Positioning Iraq on the Social Good Summit global map and promoting innovation and entrepreneurship for the Sustainable Development Goals (SDGs), the EU/UNDP Innovation for Development Initiative under the Local Area Development Programme (LADP) organized six innovation gatherings […]
Ministry of Health and Environment in coordination with the National Investment Commission (NIC) are announcing an investment opportunity to build disease testing labs in Baghdad (according to investment law No. 13 for the year 2006 as amended and the regulations issued in its accordance) according to the specifications shown below: The investing company is required […]
By John Lee. Dubai-based online fashion retailer Elabelz has started shipping to Iraq. According to a report from Forbes, it will "be the first pioneering player in the uncharted waters of Iraqi e-commerce market". The company, founded in May 2016, has reportedly developed a customized solution of delivery and payment for its clientele in Iraq, […]
