By John Lee. The Financial Times reports that a looming fiscal crisis is threatening to limit Iraq’s ability to finance its war against the Islamic State insurgents. This is despite the country having large oil revenues, billions of dollars in reserves and surplus funds left from unexecuted projects. In recent years, expenditures have "skyrocketed", with […]
By John Lee. One possible consequence of the budgetary crisis facing Iraq is a fall in the value of the Iraqi dinar. As a result of the massive burden of public sector wages and salaries, in addition to subsidies for food and energy, the country faces major expenses in looking after its nearly 2 million […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A triple suicide attack tore through a Kurdish compound in eastern Iraq, killing at least 29 members of the security forces and wounding 88, according to hospital and security officials. A roadside bomb […]
The KRG Ministry of Planning and the United Nations have finalised an immediate response plan for Iraqi IDPs sheltered in the Kurdistan Region, including clear objectives to be met by 15 November 2014. The joint document states: "This massive influx of people in a short period has created a grave humanitarian crisis and is pushing […]
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. Money-Making Plots: Extremists Now In Real Estate Business In Mosul The Sunni Muslim extremist group that has taken over the northern city of Mosul has a new source of income: […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Until ten days ago the Iraqi town of Taza Khormatho [Tuz Khormato,Tuz Khurmatu], just south of Kirkuk city, was in the hands of ISIL fighters. But a week ago the Iraqi army and […]
By John Lee. A new report from the International Monetary Fund (IMF) has forecast that the Iraqi economy will contract this year due to continuing war against the Islamic State. In its October World Economic Outlook, it says that Iraq's gross domestic product (GDP) is expected to shrink by 2.66 percent this year, down from […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. More than two months have passed since the US-led coalition began targeting ISIL in Iraq. There have been some tactical successes but the group has not been defeated. The Iraqi government is now […]
By John Lee. RAW in WAR (Reach All Women in WAR) has honoured Vian Dakhil (pictured), a Yazidi member of the Iraqi Parliament, with the 2014 Anna Politkovskaya Award for her courage to speak out and to give a voice to the many Yazidi and Iraqi women and girls whose voices cannot be heard. Vian […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. VP Joe Biden wasn't wrong, Turkey, UAE, Saudi Arabia need to do more to fight ISIS, says Christopher Hill:
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. How 'Khadija' went from a schoolteacher to an ISIS member. Her interview with CNN is the first time she has ever told anyone her story:
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. Erbil, Baghdad Strengthen Ties in face of Islamic State It was never impossible to repair the long-strained relationship between the Baghdad and Erbil governments. Compromise had always been available to both parties. […]
