By Patrick M Schmidt. On Sunday, the United States Coast Guard granted permission for the Kurdish oil tanker, United Kalavrvta, to offload its payload of crude oil from Kurdistan Regional Government (KRG) controlled oilfields in northern Iraq. The State Department further indicated that they would not prevent tanker from offloading at port in Galveston, Texas […]
By Patrick M Schmidt. On Saturday, Iraqi security forces reported that ISIS militants had taken control of a portion of the Baiji [Bayji, Beiji] oil refinery. Since then, security forces have driven the militants off of the oil refinery’s premises and are now searching the area for any remaining militants. Over the past month, Baiji […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th July 2014). Note: ISX will be closed starting from July 27, 2014 to July 31, 2014 due to the national holiday of Eid Al-Fitr. The next session will be held on Sunday, August 3, 2014. Please click here to download a table […]
By Patrick M Schmidt. Sir Tim Clark, Chief Executive of Emirates Airlines, has announced that the airline would no longer allow its own aircraft to fly over Iraq. This statement comes as a reaction to the missile strike on Malaysian Airlines MH-17 and concerns about ISIS militants in the north of Iraq being in possession […]
From the BBC. John McCarthy meets the Kurds of northern Iraq, a unique island of stability in a nation broken into warring fragments. He asks how a people who have been victims of abuse and atrocity for generations managed to transform their fortunes so dramatically. How did they recently gain the confidence to calmly take […]
The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, today made $1.19 billion (1.4 trillion Iraqi dinars) available to the Government of Kuwait. With today’s payment, the Commission has disbursed $46.7 billion, leaving approximately $5.7 billion remaining to be directed to […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Giving Provinces More Power: Could Law 21 Save Iraq? How can a country like Iraq – with its different sects, religions and ethnicities – be governed appropriately? Some are now […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the occupation of the Iraqi town of Mosul by armed groups, including the Islamic State (IS) and the Baath Party — banned by the Iraqi Constitution — prices of food increased significantly, a result […]
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. With the public appearance in Mosul of Ibrahim Awwad Ibrahim Ali al-Badri al-Samarrai, known as Abu Bakr al-Baghdadi, and his self-proclamation as caliph of all Muslims, Baghdadi has declared a war on everyone inside and […]
By Patrick M Schmidt. While the security situation in some parts of Iraq remains in flux, the north region of Kurdistan continues to attract foreign businesses as a promising location for investment. With a 12 percent growth in Gross Domestic Product (GDP) in 2012 and another 8 percent growth of GDP in 2013, Kurdistan’s economic […]
Acting Minister of Foreign Affairs Dr. Hussain al-Shahristani received on July 22, 2014 a copy of the credentials of the Ambassador of the Federal Republic of Germany's new ambassador to the Republic of Iraq, Mr. Eghard Boroza during the ceremony took place in the office of the ministry. The Minister welcomed the Ambassador, praising the […]
By Daniella Peled. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News The Islamic State of Iraq and Syria (ISIS) poses […]
