Author Archive | Editor

Recapture of Mosul an Historic Victory, Townsend Says

The global coalition fighting the Islamic State of Iraq and Syria has offered its congratulations to Iraq’s Prime Minister Haider al-Abadi and the Iraqi security forces on their historic victory against an evil enemy, the commander of Combined Joint Task Force Operation Inherent Resolve told Pentagon reporters today. Iraq declared Mosul’s liberation yesterday, Army Lt. […]

Inherent Resolve Strikes Target ISIS in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 23 strikes consisting of 69 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]

Kurdistan Referendum puts Iran at Crossroads

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As Iraqi Kurds try to iron out internal differences ahead of their referendum on independence in September, Turkey, Iraq and Iran have all announced their opposition, questioning the timing and fearing the implications of such […]

PM Abadi declares Victory in Mosul

Iraqi Prime Minister Haider al-Abadi visited Mosul on July 9, hailing his forces for securing ‘victory’ over IS. Abadi’s office said he was visiting ‘liberated’ Mosul to congratulate Iraq’s ‘heroic fighters’ but the premier later indicated he would only declare final victory once final few pockets of resistance were cleared. His office said Abadi met […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Iraq Drills first Well in Huwaiza Oil Field

By John Lee. The Ministry of Oil announced on Sunday that it has started drilling the first well in the Huwaiza [Huweiza] oil field near the Iranian border, in Maysan [Missan] governorate. The field is being developed by Missan Oil Company (MOC), with drilling being carried out by the Iraqi Drilling Company (IDC). Geological studies […]

DNO Spuds Third Peshkabir Well; Resumes Field Appraisal

DNO, the Norwegian oil and gas operator, today announced resumption of appraisal drilling at the Peshkabir discovery on the Tawke license in the Kurdistan region of Iraq following extended testing of the Cretaceous and Jurassic reservoirs in the Peshkabir-2 well. The Company spud the Peshkabir-3 well on 8 July as part of a fast track […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th July 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD805 (-0.9%) / $826 (-1.6%) (weekly change) (-16.2% and -12.8% YTD change, respectively). The number of week traded […]

Airstrikes Continue in Effort to Defeat ISIS

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 25 strikes consisting of 75 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]

UNHCR welcomes Donation from Germany

UNHCR, the UN Refugee Agency, has welcomed the latest contribution of Euro 13m from Germany to provide shelter and protection assistance to over 3 million displaced Iraqis. This generous support will enable UNHCR to continue its interventions in providing humanitarian assistance and protection activities in supporting the internally displaced persons with their basic needs, shelter, […]

Eid Visitors to Kurdistan Double

By John Lee. The number of tourists visiting the Kurdistan Region of Iraq over the Ramadan holidays has doubled since last year to 243,000 people. The income generated is estimated at $73 million. Nawroz Mawlud, the minister for Municipalities and Tourism told Rudaw that about 70 percent of the tourists came from southern and central […]