By John Lee. Oil and gas service provided Petrofac has said that the security problems in Iraq have had "no significant impact" on its operations. In its Interim Management Statement, the company said: "Our operations in Iraq are south and east of Baghdad and represent less than 5% of the Group's expected revenues for 2014. […]
KRG officials call upon the international community to help abducted Kurdish Yezidi women KRG officials seek international mobilization to consider the case of women abducted by ISIS terrorists. Following severe terrorists attacks against Kurdish Yezidi towns and villages in late July and early August, a large number of women and underage girls were abducted. According […]
From Amnesty International. Shi’a militias, supported and armed by the government of Iraq, have abducted and killed scores of Sunni civilians in recent months and enjoy total impunity for these war crimes, said Amnesty International in a new briefing published today. Absolute Impunity: Militia Rule in Iraq provides harrowing details of sectarian attacks carried out […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL is taking over many crucial roads in Iraq. But people continue to shuffle between the Kurdish region and the capital Baghdad - not knowing if their journey could be their last. Al […]
Press Release from the Embassy of the United States: Just days after we saw the best of humanity when Malala Yousafzai and Kailash Satyarthi were awarded the Nobel Peace Prize, we again confront the worst of inhumanity in ISIL. No one needed a reminder of ISIL’s depravity and evil. But now we have the latest […]
By Vager Saadullah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iranian Peshmerga Chief: Iran set Ambushes for us The head of the Iranian peshmerga said his forces acted in self-defense during rare clashes with Iranian forces on Sept. 13, which resulted in deaths on […]
The UK has announced that it is funding state-of-the-art bomb disposal training to assist the Kurdistan Region of Iraq’s Peshmerga forces in their frontline battle against ISIL. This funding is for a four-week pilot course, delivered by a UK firm, which will initially train up to 18 students from the Peshmerga to counter Improvised Explosive […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many who escaped fighting between army and ISIL say they are also targets of Shia armed groups who are destroying homes. Al Jazeera's Zeina Khodr reports now from Kirkuk.
By John Lee. Afren announced today that Willkie Farr & Gallagher (UK) LLP (WFG) has completed its independent review into the receipt of unauthorised payments by members of management and senior employees. In connection with the conclusion of this review, the company has decided to terminate the employment and directorships of Osman Shahenshah and Shahid […]
By John Lee. The Financial Times reports that a looming fiscal crisis is threatening to limit Iraq’s ability to finance its war against the Islamic State insurgents. This is despite the country having large oil revenues, billions of dollars in reserves and surplus funds left from unexecuted projects. In recent years, expenditures have "skyrocketed", with […]
By John Lee. One possible consequence of the budgetary crisis facing Iraq is a fall in the value of the Iraqi dinar. As a result of the massive burden of public sector wages and salaries, in addition to subsidies for food and energy, the country faces major expenses in looking after its nearly 2 million […]
By John Lee. Iraq's Foreign Minister, Dr. Ibrahim Al Jaafari, received his British counterpart, Philip Hammond, on Monday. During the meeting, the two ministers discussed the Iraqi political and security developments and the importance of supporting Iraq in eliminating the terrorist Islamic State (IS). Minister Jaafari and Minister Hammond held a joint press conference on […]
