By Patrick Schmidt. After remaining in the hands of the Islamic State (IS) the Mosul Dam and surrounding areas have been mostly recaptured by Kurdish security forces. American airpower over Northern Iraq assisted the Kurdish in recapturing the facility during their offensive. The United States announced that it had launched 14 strikes against Islamic State […]
By John Lee. According to a report from Reuters, Islamic State (IS, ISIS, ISIL) militants fighting in Iraq are selling oil from oilfields and refineries they control to local communities and smugglers, augmenting their existing ample finances. It is understood that at least some of the oil is used to fuel a power plant they […]
By Patrick M Schmidt. In an interview with BBC, Masrour Barzani (pictured), the Head of the Kurdish Security Council, has requested that the international community supply Kurdish security forces with heavy weaponry. Barzani once again emphasized that there was no need for foreign military intervention with ground troops. “We need more modern weaponry. We need […]
By Patrick M Schmidt. Kurdish security forces have announced that a military airport will open in Erbil that will be the receiving point for international military assistance to the regional government. Iraqi, Kurdish and American forces will jointly operate the airbase. While the Kurdish security forces have already received weapons from the United States, they […]
By Patrick M. Schmidt. In statements made to the Financial Times, Turkish officials have encouraged the United States to allow American businesses to import Kurdish oil. They argued that the United States should support the Kurdish Regional Government (KRG) economically as Islamic State of Iraq and the Levant (ISIL, ISIS) has been able to directly […]
British Charity Makes Urgent Appeal to Help Refugees Fleeing Islamic State A British-run charity has launched an emergency appeal to help the many hundreds of thousands of people forced from their homes by the Islamic State (IS) fighters in Iraq. The AMAR International Charitable Foundation is one of the only organisations offering help to families […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Col. Tim Collins, Former British Army Commander, speaks with CNN's Hala Gorani about the chaos in Iraq:
By Patrick Schmidt. For a terrorist organization, the Islamic State of Iraq and the Levant (ISIL) follows relatively normal business practices. It may come as a surprise to those not familiar with the group, but the organization has published an annual report revealing its secrets to success and longevity. ISIL is thought to earn at […]
By Patrick Schmidt. While the Islamic State of Iraq and the Levant’s (ISIL) conquest of oil fields and major dams has garnered the attention of the international community, the seizure of some of Iraq’s most valuable farmland has not received the same amount of attention. ISIL has large portions of Iraq’s top five most productive […]
By John Lee. Following on from France's move to rapidly supply Kurdish Peshmerga led forces with arms and equipment, Germany's Federal Ministry of Defence has pledged "non lethal aid" to the Iraqi army. Typically, non-lethal aid is sent when a matter is politically sensitive, or if a government has reservations about supplying one side in […]
By Patrick Schmidt. In addition to current energy holdings in Syria, the Islamic State of the Iraq and the Levant (ISIL) holds seven different oil fields in Iraq. This past month the militants seized Ain Zalah and Batma oil fields. They had previously gained control of Najma, Qayara, Himreen, Ajeel and Balad oil fields. The […]
By Patrick Schmidt. Defence secretary Chuck Hagel has announced that additional military advisors are being deployed to Iraq. On Tuesday, an additional 130 American military advisers arrived in the country. The staff are tasked with accessing the ongoing humanitarian crisis taking place in the north of the country. This announcement comes almost a week after […]
