Military Strikes Continue Against ISIL Terrorists
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]
Iraq Business News Welcomes GardaWorld
By Padraig O'Hannelly. To prosper in Iraq, you need to be well informed, and at Iraq Business News we are committed to providing our readers with the very best and most relevant information on the country. To that end, we are delighted to announce that GardaWorld, a global leader in comprehensive security and risk management, […]
GE wins $1.4bn Iraq Power Generation Orders
GE has announced that it has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The company signed agreements that will add over two gigawatts (GW) of power and secure the delivery of ~1.75 GW of existing power […]
Govt Issues $1bn Sovereign Bond with US Guarantee
Iraq has successfully closed on its offering of a $1 billion sovereign bond issuance guaranteed by the United States of America. This loan guarantee underscores the strong and enduring commitment of the United States to support the government of Iraq in this critical moment in the fight against Da’esh. As part of a comprehensive international […]
US Firm in $210m Deal at Majnoon Field
By John Lee. According to a report from Reuters, Anglo-Dutch Shell has signed a $210-million contract with US-based Halliburton to drill 30 wells at the Majnoon field over the next three years. The contract is expected to raise output at the field from 220,000 barrels per day currently to about 400,000 bpd in three years. (Source: Reuters)
AMAR increases Mental Health Support for IS Victims
By Robert Cole. The AMAR International Charitable Foundation has been providing vital mental health treatment for many hundreds of Yazidi Women who have escaped from Daesh (ISIS) captivity. Thousands are still being held, but those that have managed to escape have returned, understandably traumatised by their terrible ordeals. The majority have been raped, beaten and […]
Video: Liberation of East Mosul
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. An Iraqi forces top commander announces they have fully retaken east Mosul from the Islamic State group, three months after a huge offensive against the jihadist bastion was launched:
Currency Auction Results, 19th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 17 remittance companies took part in its currency auction on Monday. A total of $160,461,658 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
U.S., Coalition Continue Strikes Against ISIL 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 today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter and remotely […]
Controversial General Appointed as Iranian Ambassador to Iraq
By John Lee. Iran has reportedly appointed General Irij Masjidi as its new ambassador to Baghdad, replacing Hassan Dana'i Fer [Danaeifar]. According to some sources, General Masjidi was previously a senior advisor to Qassim Sulaimani, Commander of the Iranian Revolutionary Guard Corp (IRGC). Al Arabiya quotes Saudi minister of state for the Gulf region Thamer Al-Sabhan […]
Video: Residents Resume Life in Mosul Neighbourhood
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi troops in Mosul are pushing westwards towards the banks of the Tigris river. They hold large parts of the east of the city, once dominated by ISIL. And, in some areas like […]
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 […]