Archive | Security

Daesh Oil Revenue Falls

By John Lee. The Speaker of the Iraqi Parliament has said that the ability of the so-called Islamic State militant group (IS, ISIS, ISIL, Daesh ) to profit from illicit oil sales has declined, as the terrorists lose control over the captured territories. Saleem Jubouri (pictured) told Sputnik: "Daesh used [oil] fields to earn money, especially […]

Why Iraqi-Saudi ties are Backsliding yet Again

By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is facing a new crisis with Saudi Arabia as a result of their differing points of view regarding regional issues, most notably those related to Lebanon-based Hezbollah, which was recently classified […]

China Reaches $20bn Trade with Iraq

By John Lee. The Minister of Foreign Affairs, Dr Ibrahim Al-Jaafari, received a copy of the credentials of the new Chinese Ambassador to Iraq, Mr Chen Weiqing, at the ministry Headquarters.. "Last year, trade [between Iraq and China] reached $20 billion, and today Iraq represents the third largest partner in the Arab world," Mr Chen […]

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Kurdish Poor turn to Scavenging at Local Dumps

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. A Dirty Job: Iraqi Kurdish Poor Turn To Scavenging At Local Dumps Dozens of locals make a living scavenging the huge rubbish dump on the outskirts of one of Iraq’s […]

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US Secretary of State John Kerry visits Iraq

By John Lee. U.S. Secretary of State John Kerry visited Iraq on Friday to show support for its prime minister. Kerry's visit "will underscore our strong support for the Iraqi government as it addresses significant security, economic, and political challenges," State Department spokesman John Kirby said in a statement. A senior U.S. official in Washington […]

US Announces New Assistance for Mine-Clearance in Ramadi

The U.S. Embassy announced new U.S. funding worth $5 million to assist in safely clearing explosive hazards in Ramadi, an essential first step to supporting Iraqi authorities as they repair key infrastructure and help displaced families return home. The UN estimates thousands of improvised explosive devices (IEDs) have been left behind by Da’esh throughout the […]

Counter-ISIL Strikes Continue in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and […]

Navistar Wins $8m Iraq Defense Contract

By John Lee. Navistar Defense LLC has been awarded an $8,311,516 firm-fixed-price, foreign-military sales contract to supply 46 medium tactical vehicles to Iraq. Work will be performed in Springfield, Ohio; West Point, Mississippi; and Ootlewah, Tennessee, with an estimated completion date of July 29, 2016. (Source: US Dept of Defense)

Airstrike Destroys ISIL HQ Compound in Mosul

A U.S.-led coalition airstrike took out an Islamic State of Iraq and the Levant headquarters compound in Mosul, Iraq, on Monday morning, a Pentagon spokesman said. Navy Capt. Jeff Davis told reporters that ISIL operatives took over the former Turkish consulate in Mosul in June 2014, claiming it as one of its headquarters. “ISIL repurposed […]

Military Strikes Continue Against ISIL

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Wednesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]

Textron to Supply APCs to Iraq

By John Lee. Textron Systems Marine & Land Systems has been awarded a $65,948,115 firm-fixed-price, foreign military sales contract to suppply 54 Commando Select armoured personnel carriers (APCs) to Iraq and Columbia. Work will be performed in Slidell, Louisiana. (Source: US Dept of Defense)