29 Jun '17, 2pm

ISIS has lost 60% of territory, 80% of revenue: Analysts

ISIS has lost 60% of territory, 80% of revenue: Analysts

BEIRUT (AFP) - The Islamic State in Iraq and Syria (ISIS) group has lost more than 60 per cent of its territory and 80 per cent of its revenue, an analysis firm said Thursday, as the militant "caliphate" turns three. The group declared its self-styled "caliphate" across swathes of Iraq and Syria on June 29, 2014, prompting the formation of a US-led coalition in a bid to halt its advance. In January 2015, ISIS militants controlled about 90,800 sq km, but by June 2017, that number dropped to 36,200, said IHS Markit. The biggest fall was in the first six months of 2017, when ISIS lost around 24,000 sq km of territory. Get The Straits Times newsletters in your inbox Sign Up "The Islamic State's rise and fall has been characterised by rapid inflation, followed by steady decline," said Columb Strack, senior Middle East analyst at IHS Markit. "Three years after the 'caliphate' wa...

Full article: http://www.straitstimes.com/world/isis-has-lost-60-of-ter...

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