Video: Iraqi Army Secures Villages South of Mosul
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces on Sunday cleared villages from which they ousted jihadists south of Mosul, the Islamic State group's main hub in the country:
Video: Phone Camera Captures Suicide Bombing - 30 Killed
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A suicide bomber has blown himself up at a football stadium south of the Iraqi capital Baghdad, killing at least 30 people and injuring 95 others. Al Jazeera's Bernard Smith reports:
China-Jordan JV Bids for Iraq-Jordan Oil Pipeline
By John Lee. Platts reports that Iraq's oil ministry has received a bid from a Jordanian-Chinese consortium to build and operate a 1-million-bpd crude oil export pipeline to the Red Sea port of Aqaba. Jordan's Mass Group Holding, along with a consortium of Chinese companies, submitted a service fee proposal to Iraq's oil ministry for […]
Will Iraq pass Amnesty Law that could Pardon Terrorists?
By Omar Sattar, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Although the political blocs in the Iraqi Parliament agreed to pass the general amnesty draft law, voting on it has been delayed since the beginning of the current parliament’s term in 2014. This […]
Water Loss could lead to Security Risks
By John Lee. Research has found that the Tigris-Euphrates Basin -- comprising Turkey, Syria, Iraq and western Iran -- is losing water faster than any other place on the planet except northern India. According to the UN Development Progamme (UNDP), while scientists have been able to record falling water levels, political analysts have simultaneously observed […]
Antigua & Barbuda offers Citizenship to Iraqis
By John Lee. Citizens of Iraq are now eligible to apply for citizenship of Antigua & Barbuda, under the country's Citizenship by Investment Programme (CIP). Iraq's Newly appointed Ambassador to Antiqua & Barbuda, Ahmed Abbas Oleiwi Al-Hassani, thanked the government for, “opening the doors for Iraqis ... to Antigua”. On Friday, he signed a multi-million US-dollar […]
Massoud Barzani vows to Fight Corruption
By Amberin Zaman, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Massoud Barzani vows to fight corruption with same dedication as KRG has fought IS These are critical times in the quasi-independent Kurdish entity in Iraq better known as the Iraqi Kurdistan Region, or […]
S. Korea offers $7m in Aid to Iraq
By John Lee. South Korea has offered US$7 million to help resolve the humanitarian crisis in Iraq. A statement on Thursday from Seoul's Foreign Ministry said: "Our government decided to provide assistance following a comprehensive review of the humanitarian crisis in Iraq, the international community's call for aid and other countries' provision of aid." South […]
Qaiwan secures $105m Loans for Iraq Power Plant
By John Lee. Kurdistan's Qaiwan Group has secured two loans totalling $105 million to refinance part of the firm's investment in the 442-MW Bazian Power Plant (pictured). According to a report from Trade Arabia, Deutsche Bank has arranged an eight-year $75-million buyer credit, along with the Dubai branch of Lebanon's Bankmed. The finance is being […]
Genel Boss Eyeing a New Oil Venture
By John Lee. The Chairman and former CEO of Genel Energy is reportedly planning to set up an investment fund to buy distressed oil and gas assets. The Sunday Times reports that Tony Hayward (pictured) has held talks in recent weeks with potential backers including private equity firms and sovereign wealth funds in the Middle East. […]
UN Visits Ramadi to Launch Stabilization Activities
The Governor of Anbar, Mr. Sohaib al-Rawi, and the United Nations Development Programme (UNDP) Resident Representative and UN Resident and Humanitarian Coordinator for Iraq, Ms. Lise Grande, visited Ramadi today to assess conditions and provide urgently needed support to families returning to their homes. The delegation met with security forces and representatives of the local […]
Iraq Launches Operation to Retake Mosul
By John Lee. Iraqi forces have launched an operation to retake Mosul from so-called Islamic State group (IS, ISIS, ISIL, Daesh), which seized the city in June 2014. Iraqi military sources say the first part of the long-awaited offensive has recaptured several villages. The aim, according to a BBC report, is to retake Mosul within […]