US May Open Network of Bases in Iraq
By John Lee. The United States is considering opening a network of new bases in Iraq, to help in the war against the Islamic State (IS, ISIS, ISIL). General Martin E Dempsey (pictured), chairman of the Joint Chiefs of Staff, outlined the plan just a day after the White House announced that up to 450 […]
Video: Almost 600 Exhumed at Massacre Site
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has so far exhumed the remains of 597 people believed to have been executed by jihadists in the so-called Speicher massacre, the human rights minister said:
Inherent Resolve Airstrikes Continue
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 between 8 a.m. Wednesday and 8 a.m. Thursday, local time, noting that assessments of results […]
Nina-Iraq Magazine Victim of Cyber Attack
Nina-iraq has been hacked. This is not a simple sabotage. In a hacking attempt similar to the one that saw data being stripped from the US government a few days ago the entire server of this leading, bilingual Iraqi magazine has been corrupted, bringing down many other sites also. Nina has been fending off constant […]
Iraq Slashes Oil Output Targets
By John Lee. Reuters reports that Iraq has again reduced its oil production targets. Speaking at a conference in London, Falah Alamri, head of the State Oil Marketing Organization (SOMO), said Iraq now planned to produce 5.5-6.0 million bpd by 2020, down from the previously target of 8.4-9.0 million bpd. This would represent an increase […]
KRG to Borrow Internationally
By John Lee. BasNews, citing an anonymous source, reports that one German and one American bank have expressed interest in lending to Erbil, if it proves its ability to repay the loan and interest. The KRG Parliament recently passed a bill allowing the government to borrow up to $5 billion (6 trillion iraqi dinars), at […]
US Confirms 450 New Troops for Iraq
US President Barack Obama has authorized Defense Secretary Ash Carter to provide a modest increase in additional U.S. personnel to be deployed to Iraq in a noncombat role, Defense Department officials announced today. Officials said Obama has authorized up to 450 additional U.S. personnel to deploy to Iraq to expand the U.S. advise-and-assist mission at […]
Work Starts at new Cristal Hotel in Erbil
Construction has commenced for the Cristal Grand Erbil Hotel, the second hotel to be operated by the group in the Kurdistan city, and its third in Iraq. The five-star flagship property will feature 160 rooms and suites when it opens in 2017, as well as several restaurants, a gym, spa and business centre, according to […]
Airstrikes Destroy ISIL Infrastructure, Weapons
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 between 8 a.m. Tuesday and 8 a.m. Wednesday, local time, noting that assessments of results […]
Video: Divisions as Iraq Struggles against IS
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. While the United States ponders its strategy, Iraq is being torn apart by war and is struggling to survive as a unified country:
Security for Shiites Causes Controversy
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Over the last 10 years, traveling merchant Hussein Alwan and his seven-member family never missed celebrating any Shiite religious occasion. They visited Najaf, Karbala and Samarra several times, and on May 12 they made a […]
New Oil Grade boosts West Qurna II Output
By John Lee. Reuters reports that oil production at the West Qurna II oilfield is currently running at around 402,000 barrels per day. The news agency quotes Lukoil Overseas senior vice president, Gati Al-Jebouri (pictured), as telling at a conference in London that output is expected to rise to 420,000 bpd by the end of […]