Video: Coalition Adapts Iraq Training
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US-led coalition troops have adapted their training for Iraqi forces to teach them how to breach jihadist defences in larger-scale assaults on Islamic State group strongholds, officers said Wednesday.
Iraq to sell Saddam's Properties?
By John Lee. The Iraqi government is reportedly considering the sale of more than 600,000 state-owned properties, including around 1,000 that formerly belonged to Saddam Hussein. The sale could potentially yield $150 billion, helping to bolster the country's finances as it struggles to cope with lower oil prices. But according to a report from The […]
Iraq Improves Transparency Ranking (Slightly)
By John Lee. Transparency International has said that Iraq has risen slightly in its global Corruption Perceptions Index (CPI). From at total of 167 countries, Iraq came in at number 161, slightly better than last year’s position of 170 out of 175 countries, and tying with Libya. This result puts it ahead of countries such […]
Foreign Minister Receives the Head of JICA
Minister of Foreign Affairs Dr Ibrahim Al-jaafari received the head of the Japanese International Cooperation Agency (JICA) Mr Shinichi Kitaoka, at the Ministry Headquarter, in Baghdad. The two sides discussed horizons of mutual relations and means to promote them in order to meet the aspirations of the two friendly countries. The minister said that Iraq […]
Widespread Iraqi Anger Threatens Saudi Ties
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. In June, Saudi Arabia announced that it would reopen its embassy in Baghdad after a 25-year rift. Iraqi officials, including President Fuad Masum, had visited Riyadh on Nov. 12, 2014, paving the way for […]
Military Strikes Hit ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, 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, fighter and […]
Currency Auction Results, 28th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 21 remittance companies took part in its currency auction on Wednesday. A total of $150,002,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Nechirvan Barzani: One Day we will Own our Independent State
Text of speech by Prime Minister Nechirvan Barzani at the conference held today to announce the roadmap for reform and modernisation of the Ministry of Finance and Economy and debate the current financial crisis in the Kurdistan Region: Dear Distinguished Guests, Good morning to you all. I would like to thank representatives of foreign countries, […]
UK Firm Supplies Ballistic Doors to Iraq
By John Lee. Newmark Security, which describes itself as "a leading provider of electronic and physical security systems", has reported a sale of ballistic doors in Iraq. In its interim results for the six months ended 31 October 2015, announced on Thursday morning, the UK-based company stated: "We invoiced £307,000 in the period for 25 […]
Military Strikes Target ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, 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 and fighter […]
Currency Auction Results, 27th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 22 remittance companies took part in its currency auction on Wednesday. A total of $153,493,843 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Czech Govt to send more Arms to Iraq
The Czech government has decided to provide military aid to Iraq and Jordan. Prime Minister Bohuslav Sobotka wrote on Twitter: "I promised help in the fight against Islamic State to Jordan last year. We are meeting our promise. The Czech Republic will send ammunition for assaults rifles and machine guns." He added that assault rifles […]