By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kurdistan’s Ministry of Peshmerga Affairs said its troops are not attacking armed groups in Iraq, but are just taking defensive positions. It said the speeches of Iraqi Prime Minister Nouri al-Maliki do not scare the […]
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. When George W. Bush invaded Iraq, he was criticized, including for being motivated by eschatology (the aspect of theology that deals with the end of days) and desiring to push a right-wing Christian agenda in […]
Following the insurgency by ISIS/ISIL, and the declaration of a 'caliphate' to be known as the Islamic State (IS), we have seen an increase in enquiries to Iraq Business News regarding the future of the country's currency, the Iraqi dinar (IQD). These enquiries typically come from people who have been persuaded to speculate on the […]
The General Directorate of Water and Sewage in the Kurdistan Region is considering the implementation of the Ifraz Station-4 project, with a capacity of 25000 cubic meters per hour, due to the increase in the demand for drinking water in the capital, Erbil. The General Directorate of Water and Sewage last year started to implement […]
Itar-Tass reports that Russia’s Defense Minister, Sergei Shoigu (pictured), intends to expand military-technical cooperation with Iraq. The Minister is quoted as saying: “Military-technical cooperation between our countries develops successfully. The intergovernmental agreement proves its efficiency. “We’re meeting with the Iraqi officials when the country faces difficulties. “We support your efforts in fighting terrorism. “We seek […]
By Patrick M Schmidt. After a long journey across the Atlantic Ocean, the oil-tanker, United Kalavrvta [United Kalavryta], is just miles off the coast of Florida. The tanker is loaded with one million barrels of crude oil that has a current market value of approximately $100 million (117 billion Iraqi dinars). The oil onboard is […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fuad Massoum elected in a step towards new government, but appointment comes as bombings and attacks continue unabated. Al Jazeera's Omar Al Saleh reports from Erbil.
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Michael Holmes reports on another deadly suicide attack and a potential political breakthrough in Iraq.
By John Lee. The Iraqi parliament has elected Kurdish politician Fouad Massoum [Fuad Massum] as president, succeeding Jalal Talabani. The 76-year-old is a founding member of Mr Talabani's Patriotic Union of Kurdistan (PUK) party. Associated Press reports that Massoum is considered a soft-spoken moderate, known for keeping good relations with Sunni and Shiite politicians. According […]
By John Lee. The President of Korea Aerospace Industries (KAI) has said that Iraq has proposed building a new airfield in the southern part of the country. "Iraqi authorities suggested the need for a military airbase for the new jets, and although no deal has been signed, KAI expressed a desire to pursue talks on […]
By Patrick M Schmidt. The Iraqi Ministry of Oil has announced that Gazprom Neft, a division of the Russian state-owned Gazprom, had begun production at Badra oilfield in the eastern province of Wasit. "Oil flow from Badra has started on Monday to fill the oilfield storages in preparing to feed the export," said Ministry of […]
By Patrick M Schmidt. The Iraqi government has confirmed that ISIS militants, who maintain a foothold in northern Iraq, are taking advantage of the oil infrastructure they have captured during the previous month of battles with security forces. ISIS militants have made attempts to keep oil infrastructure intact and to keep petroleum industry employees on […]
