Petrel Resources "Incurs no Costs" in Iraq
By John Lee. In its Interim Statement for period ended 30 June 2015, Irish-based Petrel Resources issued the following update on its operations in Iraq: "Our third theatre of activities is Iraq, where we have had a presence for 18 years. The original Petrel interest was in Block 6 in the Western Desert between Baghdad […]
Iran-Iraq Joint Summit on Border Patrols
By John Lee. According to a report from Mehr News Agency, the fifth joint summit on border patrolling of Iran’s west provinces and Iraqi border cities has begun in Mehran, Iran, with the presence of the Commander of the Iranian Border Guard Units General, Ghasem Rezaei [Qasem Rezaee] (pictured). The summit will review the security […]
Korea Supports newly liberated areas in Iraq
The Government of the Republic of Korea and the United Nations Development Programme (UNDP) signed a $1 million partnership agreement to support stabilization and recovery in areas liberated from control of the Islamic State of Iraq and the Levant (ISIL). Korea’s contribution will be channeled through UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances […]
Japan to offer $810m for Refugees
By John Lee. Japanese Prime Minister Shinzo Abe (pictured) is expected to announce the provision of about $810 million in aid in response to refugees fleeing Syria and Iraq, public broadcaster NHK reported on Monday. According to the report from Reuters, Japan maintains very strict conditions for accepting refugees, prompting fourteen non-government organizations, including Amnesty International, […]
Airstrikes Hit ISIL Terrorists in Syria, Iraq
On Sunday, 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. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Remotely piloted and fighter aircraft […]
Video: Anti-Daesh Coordination with Syria, Russia, Iran
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Prime Minister Haider al-Abadi's spokesman says Baghdad will step up coordination with Russia, Iran and Syria in the field of military intelligence to share and analyze information. Sa’ad al-Hadithi says the coordination committee […]
Interruptions to the Oil Export Pipeline in Turkey
The flow of crude oil from the Kurdistan Region to Ceyhan was halted on Thursday following theft from the export pipeline in Turkey. The thieves struck the pipeline near Urfa at 0545 am on the first day of the Eid holiday. No repair crews were on duty. A crew was due to start work on […]
Zaha Hadid Wins 2016 Royal Gold Medal
The Royal Institute of British Architects (RIBA) has today (24 September 2015) announced that the globally-renowned architect Dame Zaha Hadid will receive the 2016 Royal Gold Medal, the first woman to be awarded the prestigious honour in her own right. Given in recognition of a lifetime’s work, the Royal Gold Medal is approved personally by […]
Airstrikes Hit ISIL Terrorists in Syria, Iraq
On Friday, 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 today. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Airstrike in Syria Near Al Hawl, bomber […]
Ancient Kish City lies Buried in Sand
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. A British archaeological team from the Field Museum and Oxford University conducted excavations between 1923 and 1929 in Kish City, 80 kilometers (50 miles) south of Baghdad. Since then, no other excavations have been […]
Major New Business Opportunities in Iran
The publishers of Iraq Business News are delightd to announce the launch of our new publication, Iran Business News, in response to the intense business interest in Iran in anticipation of the lifting of santions. After years of negotiations, agreement has been reached between Iran and the P5+1 countries (China, France, Russia, the United Kingdom, […]
Budget 2016 and the Risk of Slipping into Debt Trap
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Budget 2016 and the Risk of Slipping into the Debt Trap The Ministry of Finance (MoF) prepared the draft budget law for 2016 and submitted it to the Cabinet for deliberation and […]