AtlasGlobal Expands Iraq Service
Turkish carrier AtlasGlobal, formerly known as Atlasjet, will be expanding service to Iraq starting in September 2015. New routes will be launched from Erbil, Sulaymaniyah, Baghdad and Basra. This is in addition to Najaf. eff 03SEP15 Istanbul Ataturk – Erbil 2 daily KK6200 IST0635 – 0900EBL 320 246 KK6200 IST0635 – 0900EBL 321 x246 KK6202 IST1500 […]
Video: Israel Imports 77% of its Oil from Kurdistan
A new report suggests that Israel has bought more than three-quarters of its oil from the government of Iraq’s semi-autonomous Kurdistan Region. According to the Financial Times, Israeli firms and refineries imported over 19 million barrels of oil worth one billion dollars between May and August 20-15. That’s almost 77 percent of the crude exported […]
Airstrikes Continue Against ISIL Terrorists
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. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter and remotely piloted aircraft […]
Currency Auction Results, 18th Aug
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 7 remittance companies took part in its currency auction on Tuesday. A total of $226,224,332 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
UK MP joins GKP Management
Gulf Keystone Petroleum (GKP) has announced that Nadhim Zahawi (pictured) has been appointed as Chief Strategy Officer. Mr Zahawi is joining Gulf Keystone's management team and will be responsible for the evaluation of strategic options for the Company, reporting to CEO Jón Ferrier. Mr Zahawi, 48, is of Kurdish origin, and moved from Iraq to […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th Aug 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,239 (-1.4%) / $1,297 (-1.4%) (weekly change) (-11.0% and -12.5% YTD change, respectively). The number of week traded […]
Iran, Iraq Discuss Azadegan Oilfield
By John Lee. Iraq's Ambassador to Iran, Rajeh Saber Aboud al-Moussavi, has said that Tehran and Baghdad are in talks on investment in the joint Azadegan oilfield. The field, situated 80-100 kilometres west of Ahvaz in Khuzestan province in Iran, was discovered in 1999, and has reserves estimated at 33 billion barrels. It is already […]
Airstrikes Hit ISIL 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. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber, fighter and remotely piloted […]
Iraqi Christians take up Arms
By Saad Salloum for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Christians take up arms to regain lost land Christians formed armed units to regain land lost when the Ninevah Plains were invaded by the Islamic State (IS) in June 2014. Though […]
Video: Departure Terminal for Iraq's Exodus
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's gateway to Europe, the northern city of Erbil is the first bottleneck on a long and uncertain journey for a growing number of Iraqis choosing exile:
Austrian Firm Wins Water Pump Order
By John Lee. Austrian-based Andritz has won a contract to supply 121 pumps and 18 booster stations for a new drinking water treatment plant in Samawa, Iraq, on behalf of PWT Wasser- und Abwassertechnik, Germany. The new plant will pump up 220,000 m³ of water from a branch of the river Euphrates, which will then […]
IS Extorted $11m per month in Nineveh
By John Lee. According to BasNews, the Iraqi parliamentary report into the fall of Mosul reveals that Islamic State (IS, ISIS, ISIL) militants were levying taxes at every level throughout Nineveh Province prior to the capture of Iraq’s second largest city in June last year. The IS group was generating up to $11 million every […]