U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber and remotely […]
The Czech Republic has contributed US$200,000 to UNDP’s Funding Facility for Immediate Stabilization (FFIS) which channels fast-track support to help rehabilitate civic infrastructure, kick-start local economies, boost government capacity and promote community reconciliation. UNDP Resident Representative and UN Resident and Humanitarian Coordinator for Iraq, Ms. Lise Grande said: “The generous contribution from the Czech Republic comes at a […]
By John Lee. According to a report from the International Monetary Fund (IMF), the external outlook for Iraq has worsened since the latest Article IV consultation assessment (May-June), mainly owing to a further weakening of global oil prices. The analysis finds: "Lower capital spending on the back of falling oil revenue is expected to contract […]
By Rebecca Bradshaw for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Despite IS threat, Iraqi Kurdistan tries to lure tourists Until the beginning of 2014, the Kurdistan Regional Government’s (KRG) fledgling tourism industry was growing at an impressive pace. Domestic and international investment was on […]
As a necessary step after the liberation of Shingal district mid November 2015, the Ministry of Interior of the Kurdistan Regional Government (KRG), Joint Crisis Coordination Centre (JCC) has conducted a rapid damage assessment on the early recovery needs for the town of Shingal. On the 13th of November 2015, the Peshmerga forces, supported by […]
Prime Minister Nechirvan Barzani yesterday received Mr. Marco Carnelos, Italy's ambassador to Iraq, accompanied by a diplomatic and military delegation. Mr. Marco Carnelos reiterated his country’s commitment to continue providing military and humanitarian aid to the Kurdistan Region. He commended the Peshmerga forces of the Kurdistan Region for their role in defending all the citizens […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter and […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces were evacuating Monday civilians from the Sufiya village on the eastern outskirts of Ramadi, as they continued to clear the city two weeks after declaring victory against the Islamic State group.
The Kurdistan Regional Government (KRG) has publishes its monthly oil export report for December 2015. KRG exported 18,105,734 barrels of crude oil (an average of 584,056 barrels per day (bpd)) in the month of December through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG […]
The Rabee Securities ISX Index (RSISX) fell 6.7 percent in the first week of 2016, reflecting the mood in world markets generally, to end the week at IQD 1017. This follows a drop of 22 percent in 2015 (closing at 1090), and more than 25 percent in 2014. The question for investors is where does […]
By John Lee. The United States has sent technical experts to assess the structural integrity of Mosul Dam, amid fears that it is in danger of collapse. State Department spokesman John Kirby told a press briefing on Monday: "... we continue to support Iraqi-led efforts to help take measures to repair the dam to prevent […]
By John Lee. Bloomberg reports that Dana Gas PJSC is still waiting for payment of the $1.98 billion that it and two other energy companies -- Crescent Petroleum and Pearl Petroleum -- were awarded by the London Court of International Arbitration (LCIA) in November. The court gave the Kurdistan Regional Government 28 days to pay […]
