By John Lee. Reuters reports that Iraqi Kurdistan is ramping up independent oil exports, with a third tanker of crude scheduled to leave the Turkish port of Ceyhan on 22nd June. The supply of oil through the Kurdistan Regional Government's new pipeline to Turkey has continued uninterrupted, despite the escalating violence in northern Iraq. Speaking […]
On behalf of the Kurdistan Regional Government, the Head of the Department of Foreign Relations, Minister Falah Mustafa, successfully concludes a three-day visit to Lower Saxony, northwestern Germany, upon the invitation of Birgitt Hone, State Secretary at the State Chancellery of Lower Saxony. The three-day visit consisted of a number of meetings with Ministers, members […]
UN World Food Programme Responds to Urgent Needs of Displaced People in Iraq The United Nations World Food Programme (WFP) is launching an initial emergency operation to provide food assistance to 43,500 of the most vulnerable people displaced by conflict this week in Iraq. WFP has deployed emergency and logistics staff to Erbil in the […]
Britain will provide an initial £3 million ($5.1 million) of emergency humanitarian assistance to help civilians fleeing the ISIS advance in Northern Iraq International Development Secretary Justine Greening has activated the UK’s Rapid Response Facility (RRF), which provides emergency support via pre-approved organisations in the event of a humanitarian crisis overseas. It follows an initial […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Shiite Iran offered Saturday to consider working with longtime foe the United States if it takes the lead in helping push back Sunni Arab militants who have seized a swathe of northern Iraq:
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Millions of dollars worth of US made equipment has been reduced to wreckage in the Iraqi town of Kirkuk after a rebel led advance on the city. Sunni rebels captured Kirkuk's largest military […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Nic Robertson reports thousands of Iraqis have volunteered to take up arms against ISIS:
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Shia volunteers answer a call to arms after Sunni rebels take over Iraqi cities. Adrian Finighan speaks to Lara Fatah - an Iraqi-Kurdish analyst; Alaa Makki - an Iraqi member of parliament with […]
By John Schnittker, Chief Economist at Schnittker Associates, and former Ministry Advisor at the US Embassy in Baghdad. With much of Iraq’s wheat production coming from Northern Iraq and nearly all of Iraq’s water resources flowing through areas under ISIS control, Iraq’s food security may be facing a severe threat. Iraq has about two thirds of […]
By John Lee. Gulf Keystone Petroleum (GKP) has given an update on its production operations at Shaikan in Iraqi Kurdistan, its key producing asset. The company's shares closed up 1.9 percent on Friday. Production Development plans to increase Shaikan production capacity to 40,000 gross barrels of oil per day ("bopd") by year-end 2014 are on […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,727 (-5.8%)/ $1,853 (-5.8%) (weekly change). The number of week traded shares was 6.2bn and the weekly trading […]
Lieutenant General Jabbar Yawar, Secretary-General of the KRG Ministry of Peshmerga Affairs and the Spokesperson of the Region’s armed forces, stated that Peshmerga forces (pictured) now control Kirkuk city after the Dijila Operations Command retreated from its position. He said, “Peshmerga forces are in control of the majority of the Kurdistan Region outside of KRG […]
