Global Telecom Holding (GTH), an Egyptian joint stock company, today announces that, as previously disclosed, on 19 November 2012 Atheer Telecom Iraq Limited initiated English High Court proceedings against Orascom Telecom Iraq Ltd. (OTIL) and GTH in relation to a dispute arising from 2007 sale of Iraqna, OTIL's Iraqi mobile subsidiary, to Atheer. Pursuant to […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, 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 Coalition military forces conducted 16 strikes consisting of 29 […]
In his first trip to Baghdad as defense secretary, Jim Mattis today praised the Iraqi army for its resilience and noted the forces are now focused on liberating west Mosul. The Iraqi army has the full support of the more than 60 members in the coalition fighting the Islamic State of Iraq and Syria, Mattis […]
By John Lee. National Investment Commission (NIC) Chairman Dr. Sami Al-Araji and Iraqi Permanent Representative in the UN, Ambassador Muhammad Ali Al- Hakeem, met recently with the Italian Deputy foreign Minister, Mr. Vincenzo Amendola, at the Italian Representation Headquarter in the UN. During the meeting the two sides discussed bilateral relations and the Italian efforts […]
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has announced an increase of 10 billion barrels in Iraq's oil reserves, bringing its total proven reserves to 153 billion barrels. He said the increase comes from seven oil fields in central and southern Iraq, but did not name the fields in question. Iraq will ask […]
By John Lee. US Defense Secretary Jim Mattis has promised that the Trump administration will not try to take Iraq’s oil. On Monday, during his first trip to Iraq as Pentagon chief, he told reporters: “All of us in America have generally paid for our gas and oil all along, and I am sure we […]
By John Lee. Kuwait-based telecommunications group Zain has said that revenues at its Iraqi unit fell by 11 percent in 2016. In its full-year results, the company blamed "exceptional circumstances" with revenues for the full-year reaching USD 1.1 billion, and EBITDA reaching USD 394 million, down 18 percent, with a net loss of USD 5 […]
The military operations to retake Mosul from the Islamic State of Iraq and the Levant (ISIL) resumed on 19 February. Iraqi Security Forces are moving towards the city from the south-west, through lightly-populated areas. To date, some 160,000 of the almost 217,000 people who have fled hostilities since 17 October are living in displacement, while […]
By John Lee. Iraqi Prime Minister Dr. Haider Al-Abadi has expressed his thanks for the international support his country has received in its fight against the Islamic State group (IS, ISIS, ISIL, Daesh). Speaking at the Munich Security Conference, he said: "On behalf of the Iraqi people, I extend my sincere thanks to your countries […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The UN says it is now a race against the clock to prepare for the displacement of civilians as Iraqi troops begin an offensive on western Mosul. There are about 750,000 people trapped […]
The government of Iraq and Iraqi security forces announced today the commencement of operations to liberate western Mosul from Islamic State of Iraq and Syria terrorists, Combined Joint Task Force Operation Inherent Resolve officials reported. In a release, officials said the battle for the complete liberation of Mosul cannot come soon enough for the hundreds […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria 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 Syria Coalition military forces conducted 26 strikes consisting of 28 engagements […]
