Video: Iraq Bomb Kills at Least 19
From AFP Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. At least 19 people were killed and 43 wounded when a car bomb exploded near a market on Tuesday in the Iraqi capital's eastern district of Baghdad al-Jadida, a predominantly Shiite area that has […]
Currency Auction Results, 22nd July
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 8 remittance companies took part in its currency auction on Wednesday. A total of $292,886,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Antonoil Wins $140m Iraq Contract
By John Lee. China’s Anton Oilfield Services Group (Antonoil) has announced that the Group has received a notification from an oil company customer operating oilfield projects in south Iraq, adding that "the general contract is awarded to Antonoil for the provision of oilfield workover and completion services". A press release from the company continued: "Internal approval […]
Funding Shortage Closes UN Water, Sanitation
With more than 74,000 new people displaced by fighting on the move in Iraq, the United Nations humanitarian wing has warned that overall, some 40 per cent of critically needed life-saving water and sanitation programmes will be forced to shut down by the end of the month due to lack of funding. “New displacements, dynamic […]
Airstrikes Continue in Iraq, Syria
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, which took place yesterday, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter […]
New Australian Ambassador to Iraq
By John Lee. The Australian Prime Minister has announced the appointment of Mr Christopher Langman as the country's next Ambassador to Iraq. Australia and Iraq enjoy a strong bilateral relationship. More than 48,000 Australian residents were born in Iraq. Two-way merchandise trade was worth nearly $300 million in 2014, with Australia continuing to provide high […]
Video: Iraq shows off New F-16s
The Iraq Air Force on Monday showed off the first four F-16 warplanes it has purchased from the US, at the Iraq Air Force's Balad base, north of Baghdad. The F-16s are part of a squadron of 36 purchased by the government, which were delivered to Iraq the week before. (Source: The Telegraph)
Managing Volatility of Oil Export Revenues
By Ahmed Mousa Jiyad. Managing Volatility of Oil Export Revenues This is part three of a research work commissioned by the Natural Resource Governance Institute (NRGI) (USA) as part of the preparation for NRGI’s strategic plan for interlinked and complementary interventions in Iraq during the upcoming three years. The Executive Summary of the study was […]
Honghua Signs $26m Drilling Contract
By John Lee. Chinese company Honghua Group Ltd has announced that it entered into an oilfield services agreement worth approximately US$26.0 million (approximately HK$201.5 million) with an Iraqi client in early July. Pursuant to the oilfield services agreement, the company will provide drilling services using two rigs which are expected to gradually begin operations in August and September 2015. In […]
Car Bomb Kills 120
By John Lee. A car bomb has killed an estimated 120 people and injured at least 130 at a busy market in the predominantly Shia town of Khan Bani Saad, north of the Baghdad. The Islamic State (IS, ISIS, ISIL) group has said it was behind the attack, adding that one of its members drove […]
Fallujah Liberation Key to Securing Anbar
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On July 13, Iraqi authorities announced the launch of the battle to liberate Anbar province — the biggest Iraqi province in terms of surface — from the Islamic State’s (IS, ISIS, ISIL) grip, with the […]
Inherent Resolve Airstrikes Hit ISIL
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 yesterday’s strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter and remotely piloted aircraft conducted […]