Military Strikes Target ISIL 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 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 Attack, bomber, fighter and […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Information Management Manager, Handicap International Forensic Archaeologist, International Commission on Missing Persons (ICMP) Driver, World Food Programme (WFP) Country Director, Norwegian Refugee Council (NRC) (Source: UN)
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Food security and Livelihood Manager Pays, Triangle Génération Humanitaire (TGH) Administrative Assistant, United Nations Assistance Mission for Iraq (UNAMI) Close Protection Officer, United Nations Assistance Mission for Iraq (UNAMI) Information Analyst, United Nations Assistance Mission for Iraq (UNAMI) Field Manager, Save the Children […]
Fitch Affirms Iraq at 'B-'; Outlook Negative
Fitch Ratings has affirmed Iraq's Long-Term Issuer Default Rating (IDR) at 'B-' with a Negative Outlook. The Country Ceiling is affirmed at 'B-' and the Short-Term IDR at 'B'. KEY RATING DRIVERS Political risk and insecurity in Iraq are among the highest faced by any sovereign rated by Fitch. Progress has been made in pushing […]
Kirkuk Pipeline hit by 'Technical Defect'
A pipeline pumping around 90,000 bpd from a field near Kirkuk to the Turkish port of Ceyhan (pictured) via Kurdistan reportedly stopped operations on Monday morning due to a "technical defect". North Oil Company (NOC) sources told Reuters on Wednesday that maintenance teams are working to repair the pipeline, which is expected to resume operations within […]
Oman Air Postpones Launch of Najaf Route
By John Lee. Oman Air has announced that the start of its planned service between Muscat and Najaf is delayed from 15th September to 1st October. The airline said in a statement: “The decision was taken in line with Oman Air’s over-riding priority of ensuring the safety and well-being of all its customers and staff.” […]
Video: The 'catastrophic’ Plight of Iraq's Orphans
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. More than five million children in Iraq have lost one or both parents as a result of years of continued violence. As orphans often lack access to medical care, education and even the […]
Coalition Strikes Hit ISIL 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 Monday, Combined Joint Task Force Operation Inherent Resolve officials reported on Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, […]
$billions "Siphoned off" from Iraqi Dinar Auctions
By John Lee. Finance Minister Hoshyar Zebari has shown The Financial Times documents that appear to be part of a probe by Iraq's parliamentary finance committee, purporting to show how an individual close to the previous government used currency auctions to siphon $6.4 billion from the state. A spokesperson for former Prime Minister Nouri al-Maliki […]
Iraq to Increase Oil Exports in October
By John Lee. Platts reports that Iraq plans to export an average of 3.28 million barrels per day (bpd) of crude oil in October, a rise of 23,000 bpd from the previous month. It cites data from the State Oil Marketing Organization (SOMO) showing planned export volumes of 80.68 million barrels (2.6 million bpd) of […]
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 […]