By Simon Kent. After months of talks, the Kurdish Regional Government says it has authorisation from Baghdad to issue bonds, in a move aimed at easing growing financial pains in the semi autonomous region. According to Bloomberg, the region needs approximately $1.4 billion to balance its books. Quoting IBN blogger Robert Tollast, the report noted how the KRG […]
By Simon Kent. The Iraqi Ambassador to Jordan has announced plans to re-route a proposed pipeline to the country's Western neighbour. According to Ambassador Jawad Abbas, the $18bn, 150,000 bpd pipeline will now go south towards Basra and then west into the neighbouring Kingdom. The project is one of a number of oil and gas […]
By Robert Tollast. Loveday Morris, who usually reports on Iraq for The Washington Post, has written an engaging piece on the returning "internally displaced persons" or IDPs, to Tikrit following the expulsion of Islamic State forces in the town. Morris' piece touches on some of the nuance that is often lost in reporting on Iraq. For […]
With Iraq on the verge of a massive funding shortfall, European Commission steps in to provide vital, frontline support The European Commission's Humanitarian Aid and Civil Protection Department (ECHO) has made a € 3,000,000 contribution to UNICEF in Iraq to support the distribution of immediate life-saving supplies to tens of thousands of families displaced by […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's security and armed forces suffer from a lack of intelligence-gathering capabilities that has affected their ability to draft plans and mechanisms for combating terrorism. The parliament's Security and Defense Committee […]
By John Lee. SOS International (SOSi) of Reston, Virginia, has been awarded a $40-million (46.6 billion Iraqi dinars) contract for base life support at the Besmaya Compound in Iraq. The estimated completion date is 1st January, 2017. One bid was solicited with one received. SOSi recently won a similarly-sized contract for base life support at […]
By John Lee. Reuters reports that exports from Iraq's southern terminals have averaged 3.00 million barrels per day in the first 15 days of June, up from 2.69 million bpd in the month of May. The increase is due in part to the splitting of Basra crude into two grades, Basra Heavy and Basra Light. […]
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 between 8 a.m. Wednesday and 8 a.m. Thursday, local time, noting that assessments of results […]
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. Attitude Adjustment: Are the US and Iran-Backed Militias Getting Friendlier? Last week Captain Amir al-Saadi, whose unit is based in the Habbaniyah camp in the Anbar province, received a phone […]
The KRG's Ministry of Natural Resources (MNR) notes the decision by the Seoul Western District Court in Korea to grant an application from the Korean National Oil Company (KNOC) ordering the Korea Times newspaper to delete all published articles relating to allegations by a Korean MP of a misuse of funds by the KRG and […]
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 between 8 a.m. Tuesday and 8 a.m. Wednesday, local time, noting that assessments of results […]
Kurdistan Regional Government Prime Minister Nechirvan Barzani on Tuesday received the Egyptian Ambassador to Iraq, Mr. Ahmad Hassan Darwish, and his accompanying delegation. Ambassador Darwish highlighted historical relations between Kurdistan and the Egyptian people, hoping to expand those relations particularly in the economic fields of trade and investment. He pointed out that Egyptian investors are […]
