Archive | Security

US Packs Up Air Defenses as Withdrawal Deadline Looms

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US Packs up Last Iraqi Air Defenses as Withdrawal Deadline Looms Nearly two months ahead of its anticipated Sept. 30 withdrawal deadline, the United States has begun packing up its air defenses in […]

Fly Baghdad Removed from US Sanctions List

By John Lee. Fly Baghdad, also known as Iraq Express, has been removed from the US Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list. Two aircraft operated by the airline - tail numbers YI-BAF and YI-BAN - have also been delisted. The airline had been designated under the Specially Designated Global Terrorist […]

Iraqi Court Recovers $15m in Corruption Case

By John Lee. An Iraqi court has recovered IQD 20 billion (USD 15.3 million) in a financial and administrative corruption case. According to the Supreme Judicial Council (SJC), the funds were recovered by the Rusafa Investigation Court, which specialises in integrity and money-laundering cases, in connection with offences including financial fraud. (Source: Supreme Judicial Council)

Iran War "Has Cost Iraq $45bn"

By Mustafa Saadoon, for Alhurra. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: Iran War Has Cost Iraq $45 Billion Official sources said that collapsing oil exports and stalled development projects have inflicted massive losses on the country as Baghdad bets on deeper […]

Coordination Framework Condemns US/Saudi Strike on PMF

By John Lee. An emergency meeting of Iraq's Coordination Framework was held at the Government Palace on Wednesday to discuss what it described as US-Saudi attacks on Iraqi sovereignty. According to Prime Minister's Office, the meeting, hosted by Prime Minister Ali al-Zaidi, condemned what it called an attack on Iraqi territory that resulted in the […]

$2m Found at Home of Former Official

By John Lee. IQD 2.5 billion (USD 1.9 million) in cash has been found at the home of a former head of the accounts department in Salahadin Governorate, who is currently detained pending investigation. Six properties registered in the name of his wife were also identified at investment compounds. According to the Federal Commission of […]

Iraq and Turkey Sign Three Cooperation Agreements

By John Lee. Iraq and Turkey have signed three memoranda of understanding (MoUs) in Ankara, covering industrial property, police training, and youth and sports cooperation. According to the Iraqi Prime Minister's Office, the signing was witnessed by Prime Minister Ali al-Zaidi and Turkish President Recep Tayyip Erdoğan. The agreements are: An MoU on industrial property […]

$21m Seized in Iraq Oil Corruption Case

By John Lee. Iraqi authorities have seized IQD 27 billion ($20.6 million) in connection with a corruption case involving a detained senior official at the Ministry of Oil. According to the Supreme Judicial Council (SJC), the funds were found hidden with a number of individuals linked to the case. The investigating judge at the Central […]

Inside Washington's Quiet Bid to Break China's Grip on Iraq

By Simon Watkins, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside Washington's Quiet Bid to Break China's Grip on Iraq It looks like the U.S.'s renewed engagement with Iraq could signal a major shift back in Baghdad's geopolitical alignment away from […]

Iraqi PM Pitches 'Trilateral Business Opportunities' to Iran, US

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: Iraqi PM Pitches 'Trilateral Business Opportunities' to Iran, US Iraq's prime minister did not deliver a ceasefire proposal by the Donald Trump administration during his recent visit to Iran, senior sources in […]

As the War Flares, Iraq's Economic Dire Straits Deepen

By Matein Khalid, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. As the War Flares, Iraq's Economic Dire Straits Deepen The revival of the US-Israel-Iran war is set to intensify the concatenation of economic, energy and geopolitical […]