The latest Mosul Business News – security, company news, oil refineries and more – brought to you by Iraq Business News
By John Lee. Iraqi forces have launched an operation to retake Mosul from so-called Islamic State group (IS, ISIS, ISIL, Daesh), which seized the city in June 2014. Iraqi military sources say the first part of the long-awaited offensive has recaptured several villages. The aim, according to a BBC report, is to retake Mosul within […]
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. Ain’t Nothing Going On But The Rent: How ISIS Rigs Mosul’s Money Markets In Their Favour In Mosul, there are no official banks anymore.So the Islamic State makes the rules: […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Amid growing talk that Iraq's largest dam risks bursting, residents of the town of Wana, which would be wiped out within minutes of a breach, are both sceptical and anxious:
The Iraqi authorities have signed a contract with Italy's Trevi construction company to consolidate the Mosul dam, reported the Italian Foreign Ministry. The contract was signed following intense negotiations between the company and the Iraqi authorities in Baghdad. Under the contract, the Trevi Group will carry out consolidation work on the dam, as agreed during […]
The Embassy of the United States of America has released a fact sheet on the Mosul Dam, offering a detailed overview of the risk of a potential failure and, as a contingency, recommendations for how residents in Iraq should respond in the event of an emergency. Mosul Dam faces a serious and unprecedented risk of […]
By John Lee. BasNews reports that the Islamic State group (IS, ISIS, ISIL, Daesh) is allegedly attempting to put residential buildings taken from civilians in Mosul on sale. A source told the news agency that IS confiscated "more than 126" (sic) houses left by Kurds and Christians in Mosul, and is now selling the houses […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Engineers say the Mosul dam in northern Iraq is the world's most dangerous - despite millions of dollars that have been spent to strengthen it. They need more cash - after discovering that […]
By John Lee. A new report by the U.S. Army Corps of Eengineers (USACE) says that the probability of Mosul Dam collapsing is even greater than was previously believed. According to Associated Press, the problem is that the dam was shoddily built on unstable ground: The earth underneath it is constantly being eroded by water. […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq announced on Tuesday that it has awarded Italian firm Trevi a contract to repair and maintain the country's largest dam, which is in danger of catastrophic collapse.
By John Lee. U.S. Army Lieutenant General Sean MacFarland has said the US military was working with the Iraqi government on a plan to protect civilians in the event of a collapse of Mosul Dam. Reuters quotes him as telling journalists in Baghdad: "The likelihood of the dam collapsing is something we are trying to […]
By John Lee. The United States has sent technical experts to assess the structural integrity of Mosul Dam, amid fears that it is in danger of collapse. State Department spokesman John Kirby told a press briefing on Monday: "... we continue to support Iraqi-led efforts to help take measures to repair the dam to prevent […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hundreds of thousands of Iraqis have been displaced from the country's second-largest city of Mosul. Many of them belong to minority communities, as Al Jazeera's Osama Bin Javaid reports from Erbil:
