By John Lee. The continuing war against the Islamic State (IS, ISIS, ISIL), coupled with the decline in oil prices, have reportedly made Iraqi regulators and government more receptive to reforms that would strengthen the economy and the stock market, according to an article in UAE-based The National. Shwan Taha, head of Rabee Securities, has […]
By John Lee. Anadolu Agency reports that international oil companies (IOCs) operating in Iraqi Kurdistan are reconsidering their investments as they have not yet been paid by the Kurdistan Regional Government (KRG). Gulf Keystone Petroleum (GKP) recently suspended crude oil exports by truck from Iraqi Kurdistan, and was reported in November as saying that it […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The armed group Islamic State of Iraq and the Levant (ISIL, ISIS, IS) has been running an ambitious propaganda campaign that includes social media and lots of recruitment videos tailored to different cultures […]
By John Lee. The Czech government has given the go-ahead to supply 100 military vehicles to Iraq, to support the ongoing fight against Islamic State (IS, ISIS, ISIL) militants. BasNews reports that the vehicles are reconditioned BVP-1 armoured personnel carriers (APCs) and T-72 tanks, to be supplied by a company called Excalibur Army. (Source: BasNews) […]
By John Lee. Jordanian government officials have told NBC News that Jordan has deployed "thousands" of troops at its border with Iraq. Speaking on condition of anonymity, they said the troops were sent to prevent the infiltration of ISIS fighters into Jordan, and as a show of force. "We are determined to wipe them [ISIS] […]
By John Lee. Militants from the Islamic State (IS, ISIS, ISIL) have bombed the Kirkuk railway on Saturday evening, in an attempt to prevent Peshmerga forces from attacking the area. A Peshmerga source in the area told BasNews that the jihadists laid waste to a section of the railway near Maktab Khalid, and blew up […]
By John Lee. Prime Minister Dr. Haider Al-Abadi received the German Ambassador in Baghdad, Mr. Ekkehard Brose, at his office on Wednesday. The meeting discussed means of promoting bilateral relations especially security, training and armament cooperation in addition to the economic, trade and investment fields. H.E. mentioned that Iraq is looking forward to a promising […]
By Patrick Schmidt. The United States military has repositioned and deployed additional military resources to Iraq in the wake of two major events. The brutal murder of a Jordanian fighter pilot by the Islamic State (IS, ISIS, ISIL) has sent another shock through the international community. As a result, the United Arab Emirates has withdrawn […]
By Patrick Schmidt. The United States Department of Defense announced this week that the Islamic State (IS, ISIS, ISIL) no longer receives the majority of income from oil sales. Officials now believe that the group is funded mainly through private donations as well as black market sales. Additional pressure has mounted against the Islamic State […]
The head of the United Nations Educational, Scientific and Cultural Organization (UNESCO) voiced alarm today over the reported destruction of thousands of books in museums, libraries and universities across Mosul – the northern Iraq city currently controlled by the Islamic State of Iraq and the Levant (ISIL). According to the UN agency, the books – […]
By John Lee. The Islamic State (IS, ISIS, ISIL) is reported to be exports 100 tankers of crude oil every day from the Hamrin oil fields in southern Kirkuk. The US has previously warned that IS is using oil as a major source of funds. An Iraqi army officer, who declined to be identified, told […]
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. The militant activities of the Islamic State (IS) and its counterparts have contributed to the rise of moderate Islam in the Islamic world. The fact is that it is Muslims, of all sects, who have […]
