Iran Dominates Market after Occupation of Mosul
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the occupation of the Iraqi town of Mosul by armed groups, including the Islamic State (IS) and the Baath Party — banned by the Iraqi Constitution — prices of food increased significantly, a result […]
Why Islamic State is no al-Qaeda Clone
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. With the public appearance in Mosul of Ibrahim Awwad Ibrahim Ali al-Badri al-Samarrai, known as Abu Bakr al-Baghdadi, and his self-proclamation as caliph of all Muslims, Baghdadi has declared a war on everyone inside and […]
Economic Prospects for Erbil Look Bright
By Patrick M Schmidt. While the security situation in some parts of Iraq remains in flux, the north region of Kurdistan continues to attract foreign businesses as a promising location for investment. With a 12 percent growth in Gross Domestic Product (GDP) in 2012 and another 8 percent growth of GDP in 2013, Kurdistan’s economic […]
Shahristani Receives the Gereman Ambassador
Acting Minister of Foreign Affairs Dr. Hussain al-Shahristani received on July 22, 2014 a copy of the credentials of the Ambassador of the Federal Republic of Germany's new ambassador to the Republic of Iraq, Mr. Eghard Boroza during the ceremony took place in the office of the ministry. The Minister welcomed the Ambassador, praising the […]
ISIS "Greater Threat" to West than al-Qaeda
By Daniella Peled. 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 The Islamic State of Iraq and Syria (ISIS) poses […]
Peshmerga to 'Fill in' for Iraqi Army
By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kurdistan’s Ministry of Peshmerga Affairs said its troops are not attacking armed groups in Iraq, but are just taking defensive positions. It said the speeches of Iraqi Prime Minister Nouri al-Maliki do not scare the […]
Echoes of Apocalypse in Iraq Conflict
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. When George W. Bush invaded Iraq, he was criticized, including for being motivated by eschatology (the aspect of theology that deals with the end of days) and desiring to push a right-wing Christian agenda in […]
Poll: ISIS and the Dinar Traders
Following the insurgency by ISIS/ISIL, and the declaration of a 'caliphate' to be known as the Islamic State (IS), we have seen an increase in enquiries to Iraq Business News regarding the future of the country's currency, the Iraqi dinar (IQD). These enquiries typically come from people who have been persuaded to speculate on the […]
KRG Considers Building Ifraz Station-4
The General Directorate of Water and Sewage in the Kurdistan Region is considering the implementation of the Ifraz Station-4 project, with a capacity of 25000 cubic meters per hour, due to the increase in the demand for drinking water in the capital, Erbil. The General Directorate of Water and Sewage last year started to implement […]
Russia to Expand Military Cooperation with Iraq
Itar-Tass reports that Russia’s Defense Minister, Sergei Shoigu (pictured), intends to expand military-technical cooperation with Iraq. The Minister is quoted as saying: “Military-technical cooperation between our countries develops successfully. The intergovernmental agreement proves its efficiency. “We’re meeting with the Iraqi officials when the country faces difficulties. “We support your efforts in fighting terrorism. “We seek […]
Kurdish Oil Nears US Marketplace
By Patrick M Schmidt. After a long journey across the Atlantic Ocean, the oil-tanker, United Kalavrvta [United Kalavryta], is just miles off the coast of Florida. The tanker is loaded with one million barrels of crude oil that has a current market value of approximately $100 million (117 billion Iraqi dinars). The oil onboard is […]
Video: New President as Violence Rages
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fuad Massoum elected in a step towards new government, but appointment comes as bombings and attacks continue unabated. Al Jazeera's Omar Al Saleh reports from Erbil.