Iran Deal "a Catalyst for Regional Stability"
By John Lee. A spokesman for Iraqi Prime Minister Haider al-Abadi (pictured) has said that the nuclear deal announced on Tuesday between Iran and world powers will be "a catalyst for regional stability." Saad al-Hadithi told the Associated Press that it will lead to better unity in the fight against terrorism. But Hamid al-Mutlaq, an […]
Iraq Declares Thursday a Holiday
By John Lee. The Iraqi government has declared an official holiday on Thursday due to the continuing heatwave affecting the country. The Daily Mail reports that several provinces have reported temperatures above 50C (122F), causing particular difficulties for people who are fasting during the long daylight hours in the Muslim holy month of Ramadan. The Eid […]
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 […]
Electricity Crisis means Lights Out for Iraqis, Again
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Never-ending Electricity Crisis means Lights Out for Iraqis, Again Electricity generators have often saved Iraqis from summer temperatures that can reach 50 degrees Celsius (122 degrees Fahrenheit). Yet, they have also become a symbol […]
Without Curfew, Baghdad's a New City during Ramadan
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Food, Family, No Sleep: Baghdad A New City During Ramadan, Thanks to End of Curfew For the first time in years locals in Iraq's capital city are getting to enjoy […]
Iran Starts $2.3bn Gas Pipeline to Iraq
By John Lee. Iran has reportedly started construction on a new gas pipeline to Iraq, which will feed two power plants near Baghdad. The line is an extension of Iran’s 6th cross-country gas pipeline, and will extend 590 kilometers and include five booster stations. The Managing director of Iran's Gas Engineering and Development Company, Alireza […]
Baghdad Cancels Ceyhan Oil Schedule
By John Lee. According to a report from Platts, 9 of the 14 tankers intending to load oil from Iraq's State Oil Marketing Organization (SOMO) at the Turkish port of Ceyhan in June, have had their orders cancelled and have left the area. The remaining five are also cancelled but are still waiting, as they […]
Video: Escaped Yazidi Girls Tell their Stories
More than 5,000 Yazidi women are still being kepts as slaves by ISIS (Islamic State, IS, ISIL). The AMAR International Charitable Foundation has produced three short videos in which girls who managed to escape tell their horrific experiences at the hands of the rapists in ISIS. Their suffering is very much why AMAR is working […]
Inherent Resolve 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 on Sunday, noting that assessments of results are based on initial reports. Airstrikes in Syria […]
15,000 Killed Since January – UN report
A UN report released on Monday shows that the conflict in Iraq continues to take a terrible toll on civilians, with at least 15,000 killed and 30,000 injured since January 2014. Widespread human rights violations and massive displacement continue unabated throughout the country. The report, compiled by the UN Assistance Mission for Iraq (UNAMI) and […]
Currency Auction Results, 14th July
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks and 3 remittance companies took part in its currency auction on Tuesday. A total of $248,160,085 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Genel gives Update on Trading and Ops
By John Lee. Genel Energy has issued the following trading and operations update in advance of the Company's half-year 2015 results, which are scheduled for release on 6 August 2015. Tony Hayward, newly-appointed Chairman of Genel, said: "Production has grown rapidly in the first half of the year, increasing 41% year on year, with operational […]