U.S., Coalition Strikes Target ISIS Terrorists
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 34 strikes consisting of 78 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
Currency Auction Results, 25th May
By John Lee. The Central Bank of Iraq (CBI) has reported that 38 banks and 10 remittance companies took part in its currency auction on Thursday. A total of $158,102,404 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
$100bn Plan to Rebuild Liberated Areas
By John Lee. A plan has reportedly been made to rebuild the areas liberated from the Islamic State group (IS, ISIS, ISIL, Daesh) over the next 10 years with $100 billion in financing. According to Al Arabiya, Iraq’s Planning Minister Salman Al-Jumayli said on Wednesday: “The plan to bring stability and development for the liberated […]
US admits Failures to Monitor $1bn+ Arms Transfers
The US Army failed to keep tabs on more than $1 billion worth of arms and other military equipment in Iraq and Kuwait according to a now declassified Department of Defense (DoD) audit, obtained by Amnesty International following Freedom of Information requests. The government audit, from September 2016, reveals that the DoD “did not have […]
Military Airstrikes Hit ISIS Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 12 strikes consisting of 32 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
Currency Auction Results, 24th May
By John Lee. The Central Bank of Iraq (CBI) has reported that 39 banks and 10 remittance companies took part in its currency auction on Wednesday. A total of $150,321,047 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
SOMO considers JVs in Oil Shipping, Storage
By John Lee. Reuters reports that following the setting up a new oil trading firm with Lukoil subsidiary Litasco, the State Oil Marketing Organization (SOMO) is considering setting up similar ventures in shipping and oil storage. The news agency quotes the head of SOMO, Falah Alamri, as telling the CWC Iraq Petroleum Conference: “The idea is […]
Iraq bans Turkish Tomatoes
By John Lee. In a bid to boost local tomato production, The Iraqi government has banned the import of tomatoes from Turkey. A statement from the Iraqi Ministry of Agriculture and Water Resources said the tomato production of Najaf and Karbala is enough to supply all of domestic demand. Rudaw reports that Iraq imported tomatoes […]
Video: International Football Returning to Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. After a years-long absence predominantly due to security concerns, international football will return to Iraq when the country hosts a second-round match of the Asian Football Confederation (AFC) Cup.
Counter-ISIS Strikes Hit Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 27 strikes consisting of 99 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
Currency Auction Results, 23rd May
By John Lee. The Central Bank of Iraq (CBI) has reported that 40 banks and 10 remittance companies took part in its currency auction on Tuesday. A total of $154,598,421 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Former French Ambassador had Bag Stuffed with Banknotes
By John Lee. France's former Ambassador to Iraq has gone on trial over charges of tax fraud. Boris Boillon (46) was arrested in 2013 trying to take a train to Belgium with €350,000 in cash. The youngest ambassador under President Nicolas Sarkozy, Boillon said the money was payment for work he had done as a […]