By Patrick Schmidt. General George Allen, coordinator of the international coalition fighting against the Islamic State (IS), announced that the Iraqi Security Forces would begin a ground offensive against the group in the coming weeks. The offensive will be supported by the international coalition’s airpower. The coalition has launched over 2,000 airstrikes against the Islamic […]
The Kurdistan Region of Iraq Needs an Estimated US$1.4 billion this Year to Stabilize the Economy The Kurdistan Regional Government (KRG) is facing an economic and humanitarian crisis as a result of the influx of Syrian refugees (starting in early 2012) and more recently the Internally Displaced Persons (IDP) in 2014. According to a newly […]
Security Council approves resolution targeting sources of financing for ISIL Urging global cooperation “to impair, isolate and incapacitate” terrorist threats, the United Nations Security Council today approved measures targeting sources of funding for the Islamic State of Iraq and the Levant (ISIL) and Al-Nusrah Front (ANF), condemning those buying oil from the groups, banning all […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Equipped with various firearms, convoys of tribal members can be seen across Iraq, in defiance of the laws prohibiting the firing of guns into the air. This causes major economic losses, while the country […]
By John Lee. Islamic State (IS, ISIS, ISIL) militants have attacked Peshmerga forces on the Khazir frontline, north of Mosul, with the aim of seizing equipment and machinery belonging to US oil company ExxonMobil. A Peshmerga commander told BasNews that the extremist group was forced back from the area, including the key villages of Wardik […]
The International Organization for Migration (IOM) yesterday signed a Memorandum of Understanding (MoU) with Kerbala Governorate in Central Iraq to enhance cooperation on migration management and emergency response activities. IOM Iraq Chief of Mission Thomas Lothar Weiss, and the Governor of Kerbala, Aqeel Omran Al-Turahi, signed the MoU in a ceremony at the governorate administrative […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Dozens of Iraqi refugees from the Bo-Nimir tribe, from the IS-controlled Anbar province, take shelter in makeshift homes in Ramadi, in northern Baghdad, as they wait for an opportunity to go back home:
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] […]
