Wednesday, May 04, 2016

ISIS Turns to Fish Farms, Car Dealerships For Revenue - I-HLA

The U.S.-led coalition’s air strike have crippled the ISIS oil-smuggling-based economy, forcing the organization to rely on fish farming and car dealing as alternative money generating resources,  a new report has revealed.
The latest figures released by market research firm IHS show that ISIS revenue has fallen by around a third since last summer, to about $55 million a month.

In order to close a yawning gap in the organization’s once-lucrative $2.9 billion oil trading scheme, ISIS has now increasingly turned to operating network of fishing farms in hundreds of lakes north of Baghdad, generating millions of dollars a month. Another source of income is the many car dealerships and factories which once belonged to the Iraqi government, but which have been captured by ISIS.
According to Homeland Security News Wire, ISIS has also begun to impose a 10 percent tax on agricultural products or any other food stuffs that enters the territory under their control....

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