U.S. military forces continued to attack ISIL terrorists in Iraq on Monday, successfully conducting airstrikes on four ISIL checkpoints and multiple ISIL vehicles near Sinjar Mountain in defense of internally displaced Yazidi civilians in the area. At approximately 1:10 p.m. EDT, U.S. fighter aircraft struck and destroyed an ISIL checkpoint southwest of Sinjar Mountain. At […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Today, what remains of the pan-Shiite National Alliance formally presented Haider al-Abadi [Haydar al-Abbadi] […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Monday. A total of $283,921,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The KRG's Ministry of Natural Resources has said it attaches the highest priority to the safety and security of all oil industry workers and their operations in the Kurdistan Region. MNR remains in constant contact with KRG security forces regarding the deterioration of security on the Region’s borders and it continues to share all relevant […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th August 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,339(-9.0%)/ $1,428(-9.4%) (weekly change) (-28.2% and -28.1% YTD change, respectively). The number of week traded shares was 13.5bn […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On July 25, the official website of Grand Ayatollah Ali Sistani posted an article reporting that Sistani has called on Iraqi officials not to cling to their positions, alluding to the insistence of Iraqi Prime […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The United States has finally decided that Iraq's security and humanitarian situations require immediate military intervention. US President Barack Obama's Aug. 7 speech consolidated this decision and spelled out the US mission on two levels: […]
By Patrick M Schmidt. Senior Officials in the Turkish ruling party announced that the country would do everything it could to ensure the security of the Kurdistan Regional Government (KRG). The announcement follows reports of Turkish fighter jets on patrol over the region. “As a strategic neighbor the stability and security of the Kurdistan Region […]
By Patrick M Schmidt. In the wake of other airlines and the American Federal Aviation Administration’s (FAA) ban for American commercial airlines, Abu Dhabi based airline, Etihad Airways, has announced that they will redirect their aircraft around Iraqi airspace. The airline has cancelled all flights to Erbil, but will maintain its current flight operations to […]
By Patrick M Schmidt. As the United States begun strikes against Islamic State of Iraq and the Levant (ISIL) militants, Canadian oil firm, Oryx, began evacuations of staff from their facilities in the Kurdistan region. The company announced that portion of its Demir Dagh oil field had been shut down. Drilling and other operations continued […]
By Patrick M Schmidt. Following the announcement of targeted strikes against Islamic State of Iraq and the Levant (ISIL) militants, the Federal Aviation Administration (FAA) declared that American airlines could no longer transit through Iraqi airspace. This statements comes following other individual airlines rerouting their flights around Iraq. The FAA had previously mandated that American […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many analysts blame months of political instability across Iraq for the current crisis facing the government. The combination of the rise of the Islamic State group, Kurdish opposition and weakening support from Iran […]
