Video: Museum tries to Recover Lost Treasures
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The UN is warning that Iraq's ancient heritage could be lost forever. Thousands of artefacts have been looted and destroyed by the Islamic State of Iraq and the Levant (ISIL) group. Many were […]
Anti-ISIL Forces Make Gains in Iraq, Syria
Forces fighting the Islamic State of Iraq and the Levant continue to make progress in Iraq and Syria, the Operation Inherent Resolve spokesman said today. "We're starting to see changes in the way ISIL operates every day on the ground here. That doesn’t mean this is over. We're a long way from over," Army Col. […]
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 today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely […]
IBBC and the Southern Governorates
By Robert Tollast. The following opinions are the author's only, and do not necessarily represent the views of Iraq Business News. Despite the grim headlines, the main challenge for doing business in many parts of Iraq is not really security, it is still bureaucracy and a lack of clarity regarding who is responsible for different […]
Iraq Signs Convention on Settlement of Investment Disputes
The Chairman of Iraq’s National Investment Commission (NIC), Dr. Sami Al-Araji, has signed the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention). Iraq has become the 160th country to sign the Convention and the 152nd country to become a member of the International Centre Settlement of […]
PM Barzani Opens Deralok Hydropower Project
In a ceremony attended by Japanese new Ambassador to Iraq, Mr. Fumio Iwai, KRG Prime Minister Nechirvan Barzani inaugurated the 36 megawatt hydropower project near Deralok town in Duhok Governorate. The project is funded by the Japan International Cooperation Agency (JICA) within the framework of Japan’s loan to Iraq. Earlier last week, Prime Minister Barzani […]
Court Orders KRG Pay Dana Gas $100m
The UK's High Court has ordered the Kurdistan Regional Government (KRG) to pay a consortium led by Dana Gas $100 million within 14 days. In a statement, the KRG's Ministry of Natural Resources said: “The Court’s decision does not relate to the substantive merits of the claims and counterclaims in the on-going arbitration between the […]
Baghdad-KRI Flights Suspended
By Simon Kent. The Iraqi Civil Aviation Authority has suspended flights from Baghdad to Sulaymaniyah and Erbil in the Kurdish region of Iraq (KRI) for two days, effective from today. The move follows concern that Russian jets and cruise missiles pass though that airspace from the Caspian Sea region, to targets in Syria. It is […]
Japan Lends Funding for Water Treatment
By Simon Kent. Japan will extend a loan worth "billions" of Yen to construct a water treatment facility in Samawah, southern Iraq. According to the Japan Today, the southern city of 300,000 people currently lacks adequate treatment facilities. Between 2003-04 a contingent of Japanese troops were stationed in the city, and the new loan represents […]
Coalition Airstrikes 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, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, ground-attack, fighter, bomber […]
Currency Auction Results, 23rd Nov
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 19 remittance companies took part in its currency auction on Monday. A total of $271,347,366 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Rare Attack Hits Yusifiyah
By Simon Kent. An improvised explosive device has killed at least 9 people and injured many more in the town of Yusifiyah, about 20km south of Baghdad. The town used to be part of what was once called the "triangle of death" along with nearby Mahmudiyah and Iskandariyah, and was once the scene of almost […]