By Adam Lucente for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The military conflict between the peshmerga and the Islamic State has run hot since 2014 but is currently at somewhat of a standstill. The fighting is less frequent and intense than in prior months […]
Evidence collected by Amnesty International in a fact-finding mission indicates that multiple Turkish government airstrikes killed eight residents and injured at least eight others – including a child - in a flagrantly unlawful attack on the village of Zergele, in the Kandil Mountains in the Kurdistan Region of Iraq. The airstrikes on 1 August were […]
By John Lee. UAE-based Aerovista announced on Thursday that it is providing its A320-200 (SX-BDS) aircraft on an ACMI basis (i.e. aircraft, complete crew, maintenance, and insurance) to Iraqi Airways. "By partnering with Aerovista," the company said, "Iraqi Airways are able to provide services to Europe by using an EASA approved carrier with European crew. […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Attack, bomber, fighter and fighter-attack […]
By John Lee. Shares in WesternZagros Resources Ltd. (TSX VENTURE:WZR) closed 3 percent down on Thursday following the announcement of its operating and financial results for the second quarter ended June 30, 2015. Second quarter production from the Sarqala-1 well averaged 5,427 barrels of oil per day ("bbl/d"). The Sarqala-1 well has produced approximately 1.8 […]
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Izzat Abbas, along with a group of men and children, took refuge in the shade by a prefabricated cabin in a refugee camp for displaced Yazidis. They chat and occasionally […]
By Padraig O'Hannelly. Dramatic moves this week by Prime Minister Haider al-Abadi to tackle corruption and bureaucracy have been widely welcomed, both within Iraq and internationally. Abolishing senior positions such as those of Deputy President and Deputy Prime Minister -- there were three of each -- scrapping sectarian and party quotas for state positions, and […]
By John Lee. Prime Minister Haider al-Abadi (pictured) has reportedly dismissed his cabinet secretary and his aides on Wednesday. Mohammed Khalaf Ahmed was said to be a close associate of Abadi’s predecessor, Nouri al-Maliki. Reuters cites an official in his media office as saying that the move was as part al-Abadi's push to cut "unnecessary government […]
Having finalized the necessary documentation with the Federal Foreign Ministry of Iraq and the KRG Department of Foreign Relations, the European Union will soon open an EU Delegation Liaison Office in Erbil to support the current activities of the EU in coordination with the Kurdistan Regional Government, the United Nations and NGOs. Minister Falah Mustafa, […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of strikes that took place yesterday, noting that assessments of results are based on initial reports. Airstrikes in Syria Attack, bomber, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 8 remittance companies took part in its currency auction on Wednesday. A total of $220,718,529 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra and Kirkuk crude oil for September. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); […]
