Press Release from the Embassy of the United States: Just days after we saw the best of humanity when Malala Yousafzai and Kailash Satyarthi were awarded the Nobel Peace Prize, we again confront the worst of inhumanity in ISIL. No one needed a reminder of ISIL’s depravity and evil. But now we have the latest […]
By Vager Saadullah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iranian Peshmerga Chief: Iran set Ambushes for us The head of the Iranian peshmerga said his forces acted in self-defense during rare clashes with Iranian forces on Sept. 13, which resulted in deaths on […]
If Iraq didn't face enough challenges already, the slump in the price of crude oil is another unwelcome development for the new Abadi government to deal with. At a current price of $81.78, the benchmark West Texas Intermediate (WTI) crude is down nearly 25 percent from its June high, driven in part by a strong […]
The UK has announced that it is funding state-of-the-art bomb disposal training to assist the Kurdistan Region of Iraq’s Peshmerga forces in their frontline battle against ISIL. This funding is for a four-week pilot course, delivered by a UK firm, which will initially train up to 18 students from the Peshmerga to counter Improvised Explosive […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many who escaped fighting between army and ISIL say they are also targets of Shia armed groups who are destroying homes. Al Jazeera's Zeina Khodr reports now from Kirkuk.
By John Lee. Tarek Saadi, President of Ericsson's North Middle East Region, has said his company remains bullish on Iraq despite the threat of terrorism. Speaking on the sidelines of a trade event, he said: “Iraq is one of the more important markets for Ericsson in the Middle East ... We still believe in the […]
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 […]
