The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
By Anne-Laure Barbosa at Edinburgh International Anbar excluded, casualty figures released by the UN stated that at least 1,273 people were killed and another 2,010 injured in ISIS-related violence across Iraq. Taking into account the areas where ISIS are in full control, these figures are likely to be much higher and the data published by the […]
By John Lee. Iraq has received a second shipment of two new trains from China. Of the ten units ordered, this brings the total delivered to four, with the balance to be delivered by the end of the year. The total value of the contract is $138 million (161 billion Iraqi dinars). Chairman of the […]
By John Lee. Warwick International Hotels Group (WIH) has opened its portfolio new 300-room Babylon Warwick Hotel in Baghdad. The company has entered into a contract with Al Ebaa Company to manage the propertly, located on the edge of the Tigris River opposite of the USA Embassy. According to an announcement from the Groip, the hotel […]
By John Lee. Turkish officials close to their country's energy policy have announced that a total of 8 million barrels of oil have been exported via the Turkish port of Ceyhan. According to officials, while some buyers have been deterred by legal threats from Baghdad, the number of buyers is in fact increasing. The Kurds […]
By Patrick Schmidt. The British government announced Sunday the dispatch of an official special military envoy to the Kurdistan Regional Government (KRG). General Sir Simon Mayall will assume the title of “Government Security Envoy.” “He will travel to Iraq next week to meet with political leaders in Baghdad and the Kurdistan Regional Government in Erbil […]
By Patrick Schmidt. The Kurdish Minister of Natural Resources, Ashti Hawrami (pictured) announced that the Kurdistan Regional Government (KRG) has sold 7 million barrels of oil on the international market. He remains confident that the KRG will win the ability to sell oil in the US markets. Currently, the KRG produces 300,000 barrels of oil per […]
By Patrick Schmidt. American officials have announced that more US troops may be deployed to Iraq in the coming weeks. The additional troops would be based in the capitol city of Baghdad. Approximately 748 US troops have been deployed to Iraq since the rise of the Islamic State (IS). These troops supplement the usual 100 […]
By Patrick Schmidt. The Baghdad local government has announced the opening of refugee camps in Al-Nahrawan for those who are fleeing the violence of the Islamic State (IS) in the north. The complex cost $4.3 million dollars and can house up to 1,000 families with facilities including schools, hospitals, shops, and recreational facilities. "The complex […]
By John Lee. Thousands of fighters from as many as 25 pro-government tribes have launched a coordinated offensive against ISIS fighters in the Western Iraqi province of al-Anbar. The leader of these "Sahwa" fighters, Sheikh Abdel Jabbar Abu Risha, announced that the offensive was not related to Maliki stepping down and had been planned for […]
By Patrick Schmidt. A Kurdish oil tanker has arrived at the Croatian port of Omisalj and is preparing to begin offloading its cargo in the coming days. This delivery represents a success for the Kurdish Regional Government (KRG) in finding a buyer for their crude following legal threats from Baghdad. These threats have previously deterred […]
By John Lee. Following on from France's move to rapidly supply Kurdish Peshmerga led forces with arms and equipment, Germany's Federal Ministry of Defence has pledged "non lethal aid" to the Iraqi army. Typically, non-lethal aid is sent when a matter is politically sensitive, or if a government has reservations about supplying one side in […]
By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A battle without a future, neither a victory nor an end can be seen in the darkness of the Iraqi tunnel, a war that adds to the collection of wars in the Middle East more […]
