SI Retail Opens First Auchan Store in Erbil
On Wednesday, June 25th 2014, the first hypermarket under the French Auchan banner was opened in the Kurdistan Region of Iraq. This 6,000 sqm store is part of a 106-shop mall, located near the center or Erbil [Hewlêr]. The opening of this store is based on a franchise agreement between the Auchan Group and SI Retail, one […]
New Parliamentary Session Abandoned
By John Lee. Sunnis and Kurds walked out of the first session of Iraq's new parliament on Tuesday after Shi'ites failed to name a prime minister to replace Nuri al-Maliki, according to Reuters. With Shi'ites failing to name a prime minister, Sunnis and Kurds refused to return to the chamber after a recess. The Shi'ite […]
KRG Oil & Gas Council discusses Fuel Shortages
Deputy Prime Minister Qubad Talabani yesterday chaired a meeting which included several ministers, the KRG Oil and Gas Council, and Kurdistan’s governors to discuss measures to tackle fuel shortages in the Region. The meeting was designed to identify solutions to overcome the current fuel shortage, considering the current situation in Kurdistan and throughout Iraq and […]
Record Casualties in June
According to casualty figures released today by UNAMI, a total of at least 2,417 Iraqis were killed and another 2,287 were injured in acts of terrorism and violence in June. (Data do not take into account casualties of the current IA operation in Anbar, for which we report at the bottom the figures received by […]
Video: US will send More Troops to Iraq
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Pentagon will send a total of 800 troops to Iraq to help the country combat ISIS. CNN's Barbara Starr reports.
Video: Is Maliki Calling the Shots?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Prime minister fights back against Sunni-led rebellion - and those who want him replaced. Sami Zeidan speaks to Mark Kimmitt - a former US state department official and retired Brigadier General; Saad Jawad […]
Video: Regional Economy feels Iraq Conflict
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fear of getting caught up in violence and difficulty getting visas to Iraq are affecting businesses in Jordan.
Video: Ramadan begins in Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. While battles with Sunni extremist militants continued to grip the country, Iraqis began fasting for the Muslim holy month of Ramadan. Shoppers were out Monday morning buying provisions:
Iraq Receives Russian Fighter Jets
By John Lee. Iraq has received the first batch of fighter jets from Russia to help it repel the offensive by Sunni rebels. The defence ministry said five Sukhoi SU-25 attack aircraft would enter service in "three to four days". Prime minister Nouri al-Maliki told the BBC last week that his government had signed a […]
What is a Caliphate?
By John Cookson. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's extraordinary history has turned another page. Jihadists - who only 3 weeks ago swept into northern Iraq - have now declared thousands square kilometres between Aleppo jn Syria and the governorate of […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,665 (-2.2%)/ $1,776 (-2.2%) (weekly change) (-10.7% and -10.6% YTD change, respectively). The number of week traded shares […]
Electricity Generation needs Urgent Fuel Supply
Iraq’s electricity shortages cannot be resolved unless sufficient fuel flows to the power plants feeding Iraq’s national grid, according to Dr Jafar D. Jafar, co-founder and CEO of Uruk Engineering & Contracting, addressing a recent conference. Uruk’s CEO highlighted the short-fall in fuel availability, particularly gas, currently impacting Iraq’s power generation capacity. He noted that […]