Iraqi Pre-Islamic Landmark threatening to Collapse
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Taq Kasra, some 40 kilometers (25 miles) south of Baghdad, is different from many other sites and monuments that date to the pre-Islamic era in Iraq. Unlike them, Taq Kasra has a place […]
Iraq Oil Economy Grows, Non-Oil Shrinks
By John Lee. The Iraq Mission Chief for the International Monetary Fund (IMF) has said Iraq's oil sector grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016. This contrasts with the fortunes of the non-oil economy, which contracted by 19 percent in 2015 and is […]
Japan gives $7m to UNICEF for Humanitarian Aid in Iraq
The crisis in Iraq has continued for over two years, and with no end in sight and over 3.3 million people internally displaced, humanitarian assistance to Iraqi children is more crucial than ever. In this environment of increased need and reduced resources, the Government of Japan has offered critical assistance to UNICEF in the form […]
In Iraq, Teenagers who Dress Differently have Much to Fear
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Several years ago, Iraq’s so-called “emos” – young men who dressed differently – were attacked openly for looking strange in a conservative culture. Now that their attackers are otherwise occupied, […]
Baghdad Bombing ignites Demand for Better Security
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Baghdad's residents are demanding beefed-up security measures and an international investigation into the gruesome July 3 bombing that rocked Baghdad's busy Karrada district, killing almost 300 people and injuring 200 more. The death toll […]
IMF: No Dinar Devaluation, Committed to Dollar Peg
By John Lee. The Iraq Mission Chief for the International Monetary Fund (IMF) has said that he sees no reason to devalue the Iraqi dinar "under current circumstances", and says the authorities are "committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar". Christian Josz told IMF News: "Iraq has maintained a peg to […]
France to send Troops, Aircraft Carrier to Fight IS
By John Lee. France is to send more military advisors to Iraq, in addition to sending a aircraft carrier to the region, as it steps up its fight against the Islamic State group (IS, ISIS, ISIL, Daesh). President Francois Hollande (pictured) said: "We will intensify the army's efforts to support the Iraqis as they try […]
Military Strikes Continue 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 on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, […]
Video: IS leader Omar al-Shishani Killed in Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Omar al-Shishani, a top commander of the Islamic State of Iraq and the Levant (ISIL, ISIS, Daesh), has been killed in Iraq, a website affiliated with the armed group said. The Pentagon announced […]
Video: US gives more aid to Iraqi Kurds to fight IS
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The U.S has signed a deal with the Kurdish regional government in northern Iraq, to help in the fight against ISIL (Islamic State group, ISIS, Daesh). The agreement bypasses Iraqi government leaders in […]
Bondholders Take Control of GKP in $500m Restructuring
By John Lee. Gulf Keystone Petroleum (GKP) announced this morning that $500 million worth of company bonds are to be converted into equity, diluting current shareholders to a stake of just 5 percent of the company. The company's shares fell another 40 percent in early trading, and a new Chairman, Keith Lough, has been appointed […]
New Jobs in Iraq
By John Lee. The United Nations has advertised several new positions in Iraq: Team Leader, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) TVET Expert, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Technical Specialists USAID Iraq Governance and Performance Accountability (IGPA) Project, Management Systems International (MSI) Contracts Assistant, UNICEF Livelihoods Research Consultant, International Alert (IA) Short-Term Expert on […]