Analyst: Political Moves in Iraq
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The nomination of a new Iraqi prime minister could giveIraqis "a nationalistic surge," says CNN military analyst.
Video: Obama's Balancing Act over Iraq Crisis
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US President Barack Obama is warning that the fight against the Islamic State group may take time. Speaking before US fighter jets carried out a new round of air strikes, Obama blamed Iraqi […]
CBI Currency Auction Results, 12th Aug
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Tuesday. A total of $267,310,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Weekly Security Update, 05 - 11 August 2014
By Anne-Laure Barbosa at Constellis Consulting After months of parliamentary deadlock, President Massoum nominated Haider al-Abadi as Prime Minister on 11 August, effectively removing incumbent Prime Minister Nouri al-Maliki from office. This nomination follows lengthy and opaque negotiations between Massoum and leaders from the Shia National Alliance, of which Maliki’s State of Law coalition is a […]
US arming Kurdish forces
By Patrick Schmidt. Following recent gains of Kurdish security forces, in addition to a recent setback in Jalawla in northern Diyala, American officials have hinted that various government agencies have begun supplying Kurdistan with weapons to fight the Islamic State of Iraq and the Levant (ISIL). To date, America has mostly focused its attention on […]
Oil Prices in Flux During Crisis
By Patrick Schmidt. Crude oil reached $105 dollars per barrel late last week despite the ongoing crisis and advance of the Islamic State of Iraq and the Levant (ISIL). The increase came after a period of unusually low oil prices in the global market. Oil has fallen over $10 dollars over the past two months […]
Axeon to Refuse Kurdish Crude
By Patrick Schmidt. On Monday, August 11, Axeon Specialty Products announced that they would no longer accept any shipments of crude oil from the Kurdistan Regional Government (KRG). The tanker Minerva Joy arrived at a New Jersey port with the intention of delivering their cargo to Axeon; however, the tanker has not offloaded any of […]
New PM Named to End Maliki's Rule
By Laith Hammoudi. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News Iraqi president Mohammed Fuad Masum has asked Haider al-Abadi […]
US Airstrikes Against ISIL Near Sinjar
U.S. military forces continued to attack ISIL terrorists in Iraq on Monday, successfully conducting airstrikes on four ISIL checkpoints and multiple ISIL vehicles near Sinjar Mountain in defense of internally displaced Yazidi civilians in the area. At approximately 1:10 p.m. EDT, U.S. fighter aircraft struck and destroyed an ISIL checkpoint southwest of Sinjar Mountain. At […]
Haydar al-Abbadi Is New Iraq PM Candidate
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Today, what remains of the pan-Shiite National Alliance formally presented Haider al-Abadi [Haydar al-Abbadi] […]
CBI Currency Auction Results, 11th Aug
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Monday. A total of $283,921,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Maliki contests Abadi Nomination
By John Lee. Meeting an extended deadline, Iraqi President Fouad Massoum has nominated a PM from the State of Law bloc, the largest coalition which therefore has the constitutional right to name the next Iraqi PM. But it was not Nouri-al-Maliki. Observers are now waiting to see what action, if any, Maliki might take to […]