By John Lee. A joint Iraqi-Kurdish military force of up to 25,000 fighters is being prepared to retake the city of Mosul from the Islamic State (IS, ISIS, ISIL). A senior US military official said the operation to recapture the northern city will probably take place in April or May, as the heat could cause […]
By John Lee. The Iraqi Grain Board (IGB) has delayed until Sunday a decision on whether to buy at least 50,000 tonnes of hard wheat in an international tender. Reuters quotes traders as saying that no purchase had yet been made, with Australian wheat offered at the lowest price of $279.70 a tonne c&f free […]
LUKOIL has finished its 2D seismic survey at Block 10 in southern Iraq. The seismic survey began in April 2014 and covered 2,000 linear kilometers. It was completed according to the highest standards six months ahead of schedule. The acquired seismic data will be processed and interpreted to identify promising sites for exploration drilling. The […]
Delivering his final briefing as the United Nations Special Representative of the Secretary-General for Iraq, Nickolay Mladenov today stressed to the Security Council the optimism he feels for the country’s future, while tempering those hopes with fear over the many things that can go wrong. “I am a paranoid optimist,” said Mr. Mladenov, noting the […]
Kurdistan Regional Government Prime Minister, Nechirvan Barzani, yesterday received the Japanese Ambassador to Iraq, Mr. Kazuya Nashida. The Japanese Ambassador thanked the Kurdistan Regional Government for its stance and support following the murder of the Japanese citizen in Syria at the hands of the Islamic State terrorist organization, known as ISIS. He conveyed his condolences […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Young American fighters are among the Western recruits who have returned to Iraq to fight the Islamist State jihadist group alongside Dwekh Nawsha, a Christian militia:
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks took part in its currency auction on Thursday. A total of $85,993,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. French cement maker Lafarge has written down 385 million euros of assets, mostly in Syria and Iraq. Volume sales were hit by the limited ability to transport cement in Iraq in the second half of the year. Bloomberg, however, quotes Chief Executive Officer Bruno Lafont (pictured) as saying that cement sales in […]
By John Lee. Shares in APR Energy were up 3 percent on Wednesday morning after the company announced that it has signed a contract renewal for its power generation contract in Iraq, taking the term through the end of 2015. The power plant has been in operation since 2012 and comprises six GE TM2500 mobile […]
Northern Ireland-based Lignum Interiors, a joinery business specialising in bespoke furniture particularly for high-end hotels, has recently secured a six figure contract in Northern Iraq. The company is fitting out a luxury apartment complex in Northern Iraq and secured the deal with advice and networking assistance from Invest Northern Ireland. This support helped the company […]
By Madeleine White, capacity building specialist and Editor-in-Chief of nina-iraq.com This article was original published by Nina Magazine, (www.nina-iraq.com) and is republished here with their permission. A Brave New Iraq – a Moment in Time with Mais Abousy Mais Abousy, an Iraqi-born US citizen and Attorney-Advisor to the U.S. Department of Commerce, shares some universal […]
Foreign Minister, Dr. Ibrahim Al Jaafari, received on February 17, 2015 Chairman of the U.S. Senates' Foreign Relations Committee, Senator Bob Croker, and his accompanying delegation. The two sides discussed the political and security status in Iraq and the international efforts to support Iraq in its war against the terrorist Islamic State (IS) gangs. Jaafari […]
