Tag Archives | featured

Airstrikes Hit ISIL in Syria, Iraq

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. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter, fighter-attack, bomber and remotely […]

Pipeline Attacks “Cost KRG $250m”

Statement by KRG's Ministry of Natural Resources on attacks on the Kurdistan to Ceyhan oil export pipelines in Turkey Since July 27th, there have been repeated attempted thefts and sabotage attacks on the pipelines that carry crude oil from the Kurdistan Region to Ceyhan (pictured) in Turkey. This has led to an almost complete stoppage […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th July 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,271 (-4.5%) / $1,319 (-4.3%) (weekly change) (-8.8% and -11.0% YTD change, respectively). The number of week traded […]

More than 1,300 Iraqis Killed in July

According to casualty figures released today by UNAMI, a total number of 1,332 Iraqis were killed (including civilians, civilian police and casualty figures in Anbar), and another 2,108 were injured in acts of terrorism, violence and armed conflict in July*. The number of civilians killed is 844 (including 27 civilian police and casualty figures in […]

Iraqi Kurds Desire PKK and Turkey Ceasefire

By Patrick Schmidt. With tensions rising once again between the Turkish central government and the Kurdish Workers’ Party (PKK), Iraqi Kurds are now more concerned about their own relationship with the Turkish leadership. Despite this concern, Iraqi Kurds do not agree with all the claims made by the Turkish government about the PKK. Kurdistan’s Foreign […]

Coalition Continues Airstrikes Against ISIL

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. Officials reported details of the latest strikes, which took place yesterday, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter-attack, […]

IMF Approves $1.24bn Financial Support for Iraq

On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 891.3 million (about US$1.24 billion or 75 percent of quota) for Iraq under the Rapid Financing Instrument (RFI). The purpose of this financial assistance is to help Iraq address present and urgent balance of payment and budget needs in 2015 […]

Siemens wins Electricity Order

By John Lee. The Ministry of Electricity has reportedly signed a contract with the German company Siemens for the provision of that includes processing equipment, civil works and the rehabilitation of four 132 kV substations in Baghdad. Shafaaq News reports that the contract includes processing equipment and the execution of civil works for the four […]

Serbia, Iraq sign Telecom Agreement

By John Lee. Serbia and Iraq have signed an agreement on cooperation in telecommunications sector. The document was signed by Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic and Iraqi Minister of Telecommunications Hassan Al Rashid, at the end of the Iraqi minister's three-day visit to Serbia. During his visit, the Minister visited Serbian […]

Basra's Beleaguered Governor Under Fire

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Political Independence Doesn't Pay: Basra's Beleaguered Governor Under Fire As they have done with the pictures of his predecessors, the protestors in Iraq's southern Basra province were so angry they […]

$12.7m New Husky Order for Iraq

By John Lee. Critical Solutions International (CSI), of Carrollton, Texas, has been awarded a $12,702,031 firm-fixed-price foreign military sales contract (Iraq) for Husky Mark III 2-Operator 2G vehicles with manuals and spare parts, with an estimated completion date of Dec. 20, 2015. One bid was solicited with one received. (Source: US Dept of Defense)