By John Lee. A plan has reportedly been made to rebuild the areas liberated from the Islamic State group (IS, ISIS, ISIL, Daesh) over the next 10 years with $100 billion in financing. According to Al Arabiya, Iraq’s Planning Minister Salman Al-Jumayli said on Wednesday: “The plan to bring stability and development for the liberated […]
The US Army failed to keep tabs on more than $1 billion worth of arms and other military equipment in Iraq and Kuwait according to a now declassified Department of Defense (DoD) audit, obtained by Amnesty International following Freedom of Information requests. The government audit, from September 2016, reveals that the DoD “did not have […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 12 strikes consisting of 32 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. Reuters reports that following the setting up a new oil trading firm with Lukoil subsidiary Litasco, the State Oil Marketing Organization (SOMO) is considering setting up similar ventures in shipping and oil storage. The news agency quotes the head of SOMO, Falah Alamri, as telling the CWC Iraq Petroleum Conference: “The idea is […]
By John Lee. In a bid to boost local tomato production, The Iraqi government has banned the import of tomatoes from Turkey. A statement from the Iraqi Ministry of Agriculture and Water Resources said the tomato production of Najaf and Karbala is enough to supply all of domestic demand. Rudaw reports that Iraq imported tomatoes […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. After a years-long absence predominantly due to security concerns, international football will return to Iraq when the country hosts a second-round match of the Asian Football Confederation (AFC) Cup.
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 27 strikes consisting of 99 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. France's former Ambassador to Iraq has gone on trial over charges of tax fraud. Boris Boillon (46) was arrested in 2013 trying to take a train to Belgium with €350,000 in cash. The youngest ambassador under President Nicolas Sarkozy, Boillon said the money was payment for work he had done as a […]
Prime Minister Haider Al-Abadi received the Saudi Arabian Minister of Energy, Industry and Mineral Resources, Khalid bin Abdul Aziz al-Faleh, and his accompanying delegation in his office on Monday. During the meeting, they discussed boosting cooperation in the oil sector, industry, petrochemicals, electricity, minerals, trade and banks, as well as reviewed cooperation to support OPEC […]
During a visit to Iraq, an Iranian deputy minister was updated on the latest status of two sports arenas that Iranian companies are constructing in Baghdad. Mojtaba Khosrotaj, Iran’s deputy minister of industry and head of the Trade Promotion Organization of Iran (PMOI), held a meeting with Iraq’s minister of youth and sports and with […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, conducting 22 strikes consisting of 72 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. US-based Navistar Defense LLC has been awarded an $18,778,845 firm-fixed-price foreign military sales contract for 115 medium tactical vehicles for Iraq. One bid was solicited and one bid received. Work will be performed in West Point, Mississippi; Ooltewah, Tennessee; and Marion Wisconsin, with an estimated completion date of Jan. 13, 2018. (Source: […]
