Iraq says it has purged province of Islamic State militants

Azzaman, January 27, 2015 Iraq says its troops have cleared Province of Diyala of Islamic State militants, the head of the security commission in the province said. Faleh al-Husaini said the troops “liberated” the town of Meqdadiya and a string of villages north of the provincial capital Baaquba early this week. Meqdadiya, he added, was [...]

Iraqi premier says oil price plunge ‘catastrophic’ to economy

By Nourideen Hameed Azzaman, January 26, 2015 The fall in oil prices is having serious consequences on the economy and the budget, Prime Minister Haider Abadi said. “Frankly, I think the impact is catastrophic,” Abadi said when asked on his opinion about the sharp drop in oil prices. Abadi made the remarks as he was [...]

Iraq airdrops food supplies to towns besieged by Islamic State militants

By Nourideen Hameed Azzaman, January 25, 2015 Iraq has resumed airdrops of supplies to the towns of Haditha and Baghdadi currently under siege by Islamic State militants. The two towns, in the restive Province of Anbar, have been encircled for months and Iraqi troops’ attempts to break their siege have all but failed. But despite [...]

U.A.E. donates warplanes to Iraq to help it in fight against Islamic State

By Ali Al-Mawsawi Azzaman, January 23, 2015 The United Arab Emirates is supplying Iraq with warplanes free of charge to help it in the fight against Islamic State militants. The U.A.E. donated 10 Mirage warplanes recently and is mulling furnishing Iraqi armed forces with Brazilian made light fighter aircraft. The U.A.E. is the first Arab [...]

Mosul shall not be the same even if Islamic State militants are driven out

By Fatih Abdulsalam Azzaman, January 22, 2015 Mosul is the largest town under Islamic State’s control whether in Syria or Iraq. With its nearly two million people, Mosul is the most prized possession of the Islamic State, whose jihadists occupy large swathes of territory in both countries. The citizens of this city, if liberated by [...]

Iraqi Oil minister says prices to pick up in second half of 2015

By Shaymaa Adel Azzaman, January 20, 2015 Oil prices, which have lost nearly 50% of their value in the past six months, will start increasing in the second half of 2015, Oil Minister Adel Abdulmahdi said. But the minister added oil producing countries may not see prices in the range prior to their collapse in [...]

Iraq’s trade with Iran and Turkey valued at $28 billion

By Shaymaa Adel Azzaman, January 19, 2015 Iraq is striving to expand ties with neighboring states, particularly Turkey and Iran to help it fight Islamic State militants and alleviate impact of falling oil prices through trade deals. Iraq’s trade exchange with the two states is valued at $28 billion a year and is destined to [...]

Iraq proposes oil barter scheme to pay for weapons

By Shaymaa Adel Azzaman, January 17, 2015 The Oil Ministry says countries could pay for oil with weapons as Iraq’s need for arms surges due to an ongoing deadly war with Islamic State militants. Paying for oil with weapons and arms is the latest move by the government to save hard cash and meet a [...]

U.S. and allies urged to intensify aerial bombing to protect oil center from falling to Islamic State

Azzaman, January 16, 2015 The United States and its allies should intensify their bombing of Islamic State militants who have moved to the outskirts of the oil-rich city of Kirkuk, according to Kirkuk’s governor Najmudeen Kareem. The jihadist group is concentrating its attacks on towns and villages in the vicinity of Kirkuk, which is a [...]

Iraq’s race to boost oil exports won’t help it close widening budget deficit

Azzaman, January 15, 2015 Iraq’s plans to substantially raise its oil exports is not likely to increase its revenues and close the widening gap in its 2015 budget, analysts say. Oil prices have been falling steadily in the past six months, prompting the government to lower its expectations for oil revenues which initially it estimated [...]