Coalition Strikes Continue Against ISIL
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Wednesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, […]
Currency Auction Results, 29th June
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 17 remittance companies took part in its currency auction on Wednesday. A total of $151,374,269 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Court Hears of 'Outrageous' Iraq Bribe
By John Lee. The father of a notorious ISIS terrorist is facing charges in Australia for allegedly conspiring to bribe officials at a company linked to the Iraqi government in the hope of winning lucrative building contracts. Mamdouh Elomar, aged 62, his brother Ibrahim Elomar (60) and businessman John Jousif (46) were charged following information […]
FT: Iran looks to Iraq and even Syria for Trade
The Financial Times reports that Iran finds Iraq to be a big market for its domestically produced goods, including fresh milk, antibiotics and cement. Yahya Ale Eshaq, head of the Iran-Iraq Chamber of Commerce, told the newspaper: “Iraq needs everything, which makes it the best market for Iranian-made goods ... “We can work with European […]
Kerry: Iran 'Helpful' in Fighting IS in Iraq
By John Lee. US Secretary of State John Kerry has said Iran's presence in Iraq is "helpful" to American attempts to defeat the Islamic State group (IS, ISIL, ISIS, Daesh). He told the Aspen Ideas Festival: "... we have challenges with Iran as everybody knows and we are working on those challenges ... But I […]
Bloody Power Struggles continue in Disputed Territories
By Shelly Kittleson for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Bloody power struggles continue in Iraq’s disputed territories The security situation in Tuz Khormato continues to deteriorate. On June 18, a car bomb exploded just outside the local headquarters of the largest […]
Military 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 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 Fighter and remotely piloted […]
Currency Auction Results, 28th June
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 Tuesday. A total of $144,725,099 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
AM General Wins $66m Iraq Defense Contact
By John Lee. US-based AM General has been awarded a $66,406,483 contract to supply 356 High Mobility Multipurpose Wheeled Vehicles to Iraq. Work will be performed in Mishawaka, Indiana, with an estimated completion date of Aug. 31, 2016. (Source: US Dept of Defense)
Turkish Power Ships Resume work in Basra
By John Lee. Power supply ships have reportedly returned to work in Basra following threats from the governor to expel them. The ships, reportedly owned by the Turkish-based Karadeniz Holding, had stopped production for several hours due to unpaid debts of $85 million owed to them by the Ministry of Electricity. The Turkish company supplies […]
Fallujah Success "a Counter-ISIL Milestone"
Carter Hails Iraqi Fallujah Success as Counter-ISIL Milestone Defense Secretary Ash Carter today congratulated Prime Minister Haider al-Abadi and the Iraqi people for freeing the city of Fallujah from the grip of the Islamic State of Iraq and the Levant. The operation in Fallujah was a significant challenge for the Iraqi security forces and for […]
IBBC Forms Partnership With NOF Energy
IBBC Forms Partnership With NOF Energy, Will Co-host Event In October A new partnership has been forged between the Iraq Britain Business Council (IBBC) and NOF Energy, a business development organisation for oil, gas, nuclear and offshore renewables sectors. IBBC will serve as one of the organisation’s 33 Global Partners and will promote the business […]