IMF starts first review of $5.3bn Assistance Package
The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from August 28–September 10, 2016 on the first review of Iraq’s 36-month $5.3-billion Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016. Mr. Christian Josz, Mission Chief for Iraq, issued the following statement: “The Iraqi […]
Giuliani defends Trump ‘taking’ Iraqi Oil
By John Lee. Rudy Giuliani, the former Mayor of New York, and current advisor to Republican presidential hopeful Donald Trump, has defended the Trump’s statement that the US should have taken Iraq’s oil. When asked in an interview if that was legal, Giuliani, a lawyer, said: “Of course it’s legal. It’s a war. Until the […]
Zebari Fights Back Against Accusations
By John Lee. The Financial Times reports that Iraqi Finance Minister Hoshyar Zebari (pictured) is fighting back against accusations of financial mismanagement by digging out documents that he claims reveal the true extent of corruption in the public sector. “I’ve started my campaign — the counterattack", he said. "I didn’t want to galvanise it. But […]
Counter-ISIL Strikes Target Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]
Baghdad wants to take back Kirkuk Oil Fields
By John Lee. Iraq’s Ministry of Oil has said it will try to retake full control of all Kirkuk oilfields that were administered by the North Oil Company (NOC) before the Islamic State group (IS, ISIS, ISIL, Daesh) entered Iraqi territories, and "before the Peshmerga forces seized some oil wells during the previous government.” It […]
GKP Reports on Payments to Governments
Gulf Keystone Petroleum has issued the details of the payments made to governments for the year ended 31 December 2015, as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority. Basis for preparation Total payments below £86,000 made to a government are excluded from this report as permitted under the Regulations. […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Sept 2016). Note: ISX will be closed starting from Sep. 11, 2016 to Sep. 15, 2016 due to the national holiday of Eid Al-Adha. The next session will be held on Sunday, Sep. 18, 2016. Please click here to download a table […]
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 today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber, fighter and remotely […]
Video: Yazidis determined to return to Sinjar
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. There are concerns in Iraq that the battle with ISIL is already altering the demographic of villages. In Sinjar, a territory dominated by one minority group, the people say they are determined to […]
Video: Mass Graves discovered in Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. As ISIL fighters retreat from villages and cities in northern Iraq, dozens of mass graves, thought to contain thousands of bodies have been discovered. Yazidi community leaders say the graves are evidence of […]
Children Disappear across Iraq
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Baghdad Operations Command announced the release of two kidnapped children from southern Baghdad on Aug. 20. The crime itself was no surprise, as the abduction of children has […]
ICTSI to Open New Port Facilities in Oct
By John Lee. Philippines-based port company International Container Terminal Services Inc (ICTSI) is to open a new section of its Umm Qasr port in October. The VP and Head of Asia-Pacific region, Christian Gonzalez, is quoted as saying that the company has allocated $420 million in capital expenditure for 2016, to be used for the […]