Video: Military Operations Targeting Western Mosul
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 […]
Operations Begin to Liberate West Mosul
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 […]
Coalition Continues Strikes Against ISIS
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 […]
GardaWorld Weekly Security Report
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Iran, Iraq to build "Industrial Townships"
By John Lee. Iranian Industry Minister Mohammad Reza Nematzadeh (pictured) and his Iraqi counterpart Mohammad Shiya al-Sudani have reportedly agreed on designing and building "industrial townships" in some Iraqi provinces. According to IRNA, Nematzadeh said that there a total of 750 industrial townships where over 40,000 industrial and producing units are active, adding, “we are […]
ISIL in "Deep Financial Trouble"
According to a report released by London-based International Centre for the Study of Radicalization (ICSR) and accounting group Ernst & Young, the Islamic State organisation (IS, ISIS, ISIL, Daesh) is in deep financial trouble. In an interview, ICSR director Peter Neumann stated out that the report clearly shows that while IS used to be the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Feb 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ102 (-0.1%) / $1083 (+0.3%) (weekly change) (+11.7% and +14.3% YTD change, respectively). The number of week traded […]
Iraq to Acquire "Large Fleet" of Oil Tankers
By John Lee. Reuters quotes Oil Minister Jabar Ali al-Luaibi [Allibi] as saying that Iraq plans to acquire a "large fleet" of oil tankers. Having owned as many as 24 tankers in the 1980s, the state-owned Iraqi Oil Tankers Company's fleet was largely destroyed in the Iraq War in 1991. (Source: Reuters) (Picture credit: Tasnim, […]
Etihad Foods seeks long-term Iraq Sugar Deal
By John Lee. Reuters reports that Etihad Food Industries is looking to sign one- or two-year raw sugar importing contracts with large trading firms after its current contract with Alvean runs out in November. Haidar al-Noumany, Commercial Director, told the news agency that Etihad imported 1.047 million tonnes of raw sugar last year for its Babil-based […]
Netherlands supports Reforms in Iraqi Kurdistan
The Netherlands is supporting reforms in the Kurdistan Region with a contribution to its Funding Facility for Economic Reform The Kingdom of the Netherlands is contributing nearly US$270,000 (€250,000) towards the implementation of the Economic Reform Roadmap, developed by the World Bank in cooperation with the Ministry of Planning of the Kurdistan Region of Iraq […]
WHO delivers Medical Aid to newly retaken areas of Mosul
The United Nations health agency has delivered medical supplies to parts of eastern Mosul, the Iraqi city liberated from the Islamic State (ISIL), where clinics are receiving an influx of people in urgent need of medical care. The World Health Organization (WHO) said the supplies “will support treatment of patients with infectious diseases, chronic conditions, […]
Officials Provide Details of Latest Counter-ISIS Strikes
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 34 strikes consisting of 35 engagements […]