At a major Iraqi business event on Monday, there was a strong sense that Iraq's fortunes are turning a corner, with the Islamic State group (IS, ISIS, ISIL, Da'esh) on the retreat, and substantial export funding newly available for projects in the country. More than 250 delegates attended the Iraq Britain Business Council (IBBC)'s Spring […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) and Russia's Lukoil have formed a joint venture to market crude oil. In a statement, the Iraqi Oil Ministry said Litasco -- Lukoil‘s international marketing and trading arm -- would help sell Iraqi crude and train Iraqi staff in marketing. (Source: Ministry of Oil)
A total of 548 Iraqi civilians were killed and another 567 were injured in acts of terrorism, violence and armed conflict in Iraq in March 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in March (not including police) was 543, while the number […]
Iraqi officials believe that the March 17 blast in Mosul that killed 61 civilians -- including many women and children -- was caused by the blast of an Islamic State of Iraq and Syria vehicle-borne explosive device. Saeed al-Jayashi, a spokesman for the Iraqi military, said an examination of the site shows that the building […]
U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria, conducting 27 strikes consisting of 55 engagements against ISIS targets yesterday, 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 […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $159,961,907 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Nikkei Asian Review reports that state-owned Japan Bank for International Cooperation (JBIC) and the country's two leading commercial banks -- Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking -- are preparing to make Japan's first loan to Iraq in 31 years. The consortium will support an Iraqi government power project with a […]
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. Who owns Kirkuk, the major northern city with the major oil resources? The authorities in Iraqi Kurdistan have always considered it part of their semi-autonomous region which meant that the […]
By John Lee. The United Nations has advertised new positions in Iraq: Staff Counsellor, United Nations Assistance Mission for Iraq (UNAMI) Field Security Assistant, United Nations Assistance Mission for Iraq (UNAMI) Senior Electoral Officer (IT/Database Adviser), United Nations Assistance Mission for Iraq (UNAMI) National Security Officer, United Nations Assistance Mission for Iraq (UNAMI) Senior Protection […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Administrative Assistant, United Nations Assistance Mission for Iraq (UNAMI) Emergency Officer, United Nations Children's Fund (UNICEF) Adolescents in Northern Iraq - Consultant, Save the Children Education Manager, Save the Children Children's Mental Health and Psycho-social Well-being (MHPSS) Senior Admin/Finance Officer, Office of […]
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Haider al-Abadi said recently that any group taking up arms in Iraq outside the state's official framework will be considered outlaws. However, it seems at least […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. More than two years ago, ISIL forces overran the largest city in northern Iraq, Mosul, shocking the world with the speed and the ferocity of their victory. It was here that the Islamic […]
