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, which took place between 8 a.m. Saturday and 8 a.m. Sunday, local time, noting that assessments of results […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US soldiers with combat experience from the occupation of Iraq are joining Kurdish units holding off armed group. Al Jazeera's Zeina Khodr reports from southern Kirkuk:
By John Lee. The general manager of the Grain Board of Iraq, Saad al Hamdinee, has reportedly told a conference in London that Iraq is expected to produce 3.5 million tonnes of wheat this year. According to a report from Reuters, he said this was in accordance to our plans put in place over the […]
Kurdistan Region Prime Minister Nechirvan Barzani hailed the private sector for its effective contributions to the Kurdistan Region economy since approval of the Investment Law in 2004. Prime Minister Barzani expressed satisfaction with the expansion of investment in the sectors of agriculture and industry. His statements were made during last week’s visit to Dohuk Governorate, […]
By John Lee. The chairman of the Baghdad Investment Commission (BIC), Shaker Al Zamli [Shakir al-Zamil, Shaker Shabib] (pictured), has told Iraq’s Arabic language daily Al Sabah that Baghdad governorate has awarded licences for 25 projects in housing, tourism, industry, health, trade and farming so far this year. One of the projects involves the construction […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since February, mechanical engineer Faiz al-Sultani has gone without a salary. The government textile plant in Hilla has been unable to pay his wages due to Iraq's fiscal deficit. Dozens of textile and fabric […]
By John Lee. Reuters reports that Zain Iraq will list on the Baghdad Stock Exchange (ISX) on 23rd June. Under the terms of its 15-year licence awarded in 2007, the company, along with Iraq's two other mobile phone firms, was required to float at least a quarter of its shares on the ISX by August […]
By John Lee. A US man has pleaded guilty in a $175,000 fraud involving fake business opportunities in Iraq. Joseph T. Morris, aged 52, pleaded guilty on Tuesday to one count of wire fraud, and according to a report from Associated Press faces up to 20 years in prison. Morris and two others set up […]
At a meeting on Friday between Minister Falah Mustafa, Head of KRG Foreign Relations, and Børge Brende, Minister of Foreign Affairs of Norway, Minister Brende announced that Norway will soon open its representation office in the Kurdistan Region. During the meeting, which was attended by Iraq’s Ambassador to Norway Sundus Omer, Norwegian Ambassador to Jordan […]
The President of the International Bar Association (IBA), David W. Rivkin (pictured), has announced the launch of the eyeWitness to Atrocities mobile app, a new tool to document and report international atrocity crimes in a secure and verifiable way so that the information can be used as evidence in a court of law. Every day around […]
By John Lee. Iraq has reportedly surprised traders in Asia with a sharp increase in the price of its new Basrah Heavy crude grade. Despite the grade selling at a sharp discount in the spot market last month, the State Oil Marketing Organization (SOMO) raised the Official Selling Price (OSP) for Basrah Heavy by 85 […]
KRG Prime Minister Nechirvan Barzani received the Kuwait Consul-General to the Kurdistan Region, Dr. Omar Ahmad Al-Kandari, on Wednesday. Prime Minister Barzani welcomed the Kuwait Consul-General to his new position. They discussed the latest developments in the Kurdistan Region, particularly the war against terrorism and the economic and social impact of hosting nearly two million […]
