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Iraq Attempts to Refinance Boeing Deal “Too Much Competition” for Karbala’s Biggest Business Yemen War Fuels Iraqi Sectarianism After Tikrit, what Next for Iraqi Forces?
 
Iraq Attempts to Refinance Boeing Deal

Iraq Attempts to Refinance Boeing Deal

By John Lee. Iraq is requesting the U.S. Export-Import Bank (Ex-Im Bank) to finance the purchase of 10 planes from Boeing. Finance Minister Hoshyar Zebari told reporters in Washington that the planes have already cost the government $500 million (600 billion Iraqi dinars). If the request is granted, Boeing would repay the money it has […]

“Too Much Competition” for Karbala’s Biggest Business

“Too Much Competition” for Karbala’s Biggest Business

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. Iraq’s Canning Can’t: Too Much Competition For What Was Once Karbala’s Biggest Business Once canning foods and juices was one of the biggest businesses in Karbala. Today, under pressure from […]

Yemen War Fuels Iraqi Sectarianism

Yemen War Fuels Iraqi Sectarianism

By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Operation Decisive Storm in Yemen has stirred the Iraqi sectarian divide. While the Shiite majority opposes the campaign, the Sunnis are voicing support for it. These differing positions, expressed for the Shiites by the […]

After Tikrit, what Next for Iraqi Forces?

After Tikrit, what Next for Iraqi Forces?

By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the battle in Tikrit, deciding on the next step to ensure the security situation and have future successful battles against the Islamic State (IS) in Iraq has taken center stage in political and media […]

Video: Tikrit still Deserted after Liberation

Video: Tikrit still Deserted after Liberation

17 April 2015

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Calm has returned to Tikrit two weeks after Iraqi security forces and allied paramilitaries retook the city from the Islamic State (IS, ISIS, ISIL) group....

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Posted in Security0 Comments

Iraq to Issue $5bn in Bonds

Iraq to Issue $5bn in Bonds

16 April 2015

By John Lee. Finance Minister Hoshyar Zebari (pictured) said on Wednesday that Iraq has decided to issue $5 billion in international bonds, as it attempts to finance a budget deficit of $25 billion for the current year. He told reporters in Washington that negotiations were in progress with...

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Posted in Banking & Finance, Politics5 Comments

PM al-Abadi Meets US CEOs

PM al-Abadi Meets US CEOs

16 April 2015

By John Lee. On his official visit to the United States, Prime Minister Haider al-Abadi met a group of CEOs and chairmen of major US corporations in Washington on Tuesday. According to a statement from the PM's office, the business leaders shared their respective visions on assisting Iraq and...

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Posted in Industry & Trade3 Comments

Iran Signs Deal on Clearing Waterway

Iran Signs Deal on Clearing Waterway

16 April 2015

By John Lee. During a visit to Basra, the Iranian Transport Minister, Abbas Akhwandi, has signed a Memorandum of Understanding (MoU) with the Governor of Basra, Majid al-Nasrawi, to lift sunken ships in the Shaat al-Arab waterway. According to a report from AIN, the two also laid the corner...

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Posted in Construction & Engineering, Transportation0 Comments

Italy may Build Hospital For Peshmerga

Italy may Build Hospital For Peshmerga

16 April 2015

By John Lee. BasNews reports that Kurdistan's Ministry of Peshmerga and the Italian Consulate in Erbil are planning to cooperate on the construction of a hospital for wounded Peshmerga in Erbil. Peshmerga Minister Mustafa Said Qadir met with the Italian Consul Carmelo Ficarra and two Italian...

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Posted in Healthcare0 Comments

New Privately-Owned Iraqi Airline

New Privately-Owned Iraqi Airline

16 April 2015

By John Lee. A new privately-owned Iraqi airline carrier is expected to start international flights by July. Deputy Transport Minister Bangen Rekani told Bloomberg that FlyBaghdad, owned by Iraqi investors, will operate two Airbus Group NV A320 narrow-body planes and a Bombardier Inc. CRJ-200...

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Posted in Transportation1 Comment

Iran could Supply Gas to Kuwait via Iraq

Iran could Supply Gas to Kuwait via Iraq

15 April 2015

By John Lee. The managing director of the National Iranian Gas Company (NIGC) has said it is possible for Iran to export natural gas to Kuwait through Iraq. Hamid Reza Araqi was quoted as saying that the pipeline which is being built to export gas to Iraq could be used for this purpose also....

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Posted in Oil & Gas8 Comments

$7.4bn Investment Offer for Grand Faw Port

$7.4bn Investment Offer for Grand Faw Port

15 April 2015

By John Lee. Iraq's Transport Minister has said that companies from the UAE, Iran, Turkey and China have offered to invest $7.4 billion dollars (8.6 trillion Iraqi dinars) for the development of the Grand Faw (Grand Fao) port project. Baqir Al Zubeidi told al-Forat news agency that the...

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Posted in Construction & Engineering, Transportation0 Comments

New Immunization Campaign Targets 5.8m Children

New Immunization Campaign Targets 5.8m Children

15 April 2015

Keeping Iraq “polio free”: New immunization campaign targets 5.8 million children A five day nationwide polio immunization campaign targeting 5.8 million children under five years of age in Iraq will commence Sunday 12 April and will be marked by launch events on 12 April in Baghdad, organized...

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Posted in Healthcare0 Comments

Yazidis Wary amid Stalled Sinjar Offensive

Yazidis Wary amid Stalled Sinjar Offensive

15 April 2015

By Shelly Kittleson for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The road to the front line runs close to the Syrian border, through Yazidi towns once occupied by the Islamic State (IS) and bombarded by...

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Posted in Security3 Comments

New Communications Service for Oil Cos

New Communications Service for Oil Cos

15 April 2015

By John Lee. O3b Networks announced a multi-year agreement to provide trunking services to UAE-based Meosat, an internet service provider to the oil and gas industry. The new capacity is intended to serve oil industry clients in southern Iraq. (Source:...

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Posted in Oil & Gas, Telecoms/Comms4 Comments

New Prices for Iraqi Oil, but Basra Heavy ‘Delayed’

New Prices for Iraqi Oil, but Basra Heavy ‘Delayed’

14 April 2015

By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra and Kirkuk crude oil for May. It has also issued separate prices for its new Basra Heavy grade, giving a significant discount to the more desireable Basra Light,...

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Posted in Oil & Gas6 Comments

NIC Invites Bids for Renewable Energy Plants

NIC Invites Bids for Renewable Energy Plants

14 April 2015

By John Lee. Iraq's Ministry of Electricity, in coordination with the National Investment Commission (NIC), have announced an investment opportunity to construct three solar power stations and one wind power station. The plants will capacity of between 5 and 10 MW, and be situated in Diwaniya,...

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Posted in Construction & Engineering, Investment6 Comments

Blackwater Guards Jailed for Iraq Deaths

Blackwater Guards Jailed for Iraq Deaths

14 April 2015

By John Lee. Four former Blackwater guards have been given long prison sentences over the killing of 14 Iraqi civilians in Baghdad's Nisoor Square in 2007. Nicholas Slatten received a life sentence for first-degree murder, while Paul Slough, Evan Liberty and Dustin Heard were all sentenced to...

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Posted in Security4 Comments

UNESCO Condemns Destruction of Nimrud

UNESCO Condemns Destruction of Nimrud

14 April 2015

The United Nations agency mandated with protecting heritage sites worldwide today denounced further destruction at the archaeological site of Nimrud in Iraq, calling the deliberate damage of culture a "war crime" and pledging to do everything possible to fight it. "I condemn this mad, destructive...

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Posted in Security2 Comments

Shell Staff Raise Money for AMAR

Shell Staff Raise Money for AMAR

14 April 2015

Shell Iraq staff dug deep into their own pockets to raise money for the AMAR International Charitable Foundation. They collected almost £10,000 ($14,700), which Shell management generously agreed to double. The photo from Khanke IDP camp near Dohuk today show AMAR staff distributing essential...

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Posted in Oil & Gas, Security2 Comments

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