By John Lee. Korea Aerospace Industries (KAI) has signed a $1.1 billion contract with Iraq to export T-50 supersonic advanced jet trainer and light attack aircraft. The deal for the 24 aircraft, which includes the training of Iraqi pilots, was signed today in Baghdad by KAI's President and CEO, Ha Sung-yong, Defense Acquisition Program Administration's […]
By John Lee. Thales has signed a contract with the Iraqi Civil Aviation Authority (ICAA) for the modernisation of Iraqi airspace. The company will deliver a TopSky-ATC centre in Baghdad, this in addition to the ATC centre equipped in Basrah in 2007; it will also supply 3 latest generation RSM970S secondary radars to the ICAA, […]
By Ayser Jabbar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Experts in both the public and the private sectors expected Iraq to be an international free-trade area amid the increasing global variables in economics, trade and manufacturing. Administrative agent for the Transportation […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after Saddam Hussein's arrest, the now-executed Iraqi dictator's legacy of conflicts, sanctions and repression still exact a heavy toll on the country:
By Tom Walker, Director, Assaye Risk COUNTRY SECURITY OVERVIEW Iraqi’s have born the brunt of a particularly violent week in which the key cities of Mosul, Kirkuk and Baghdad have all come under attack from high impact bombings and coordinated well-planned combined arms assaults. In what is now nearing one of the most violent […]
By John Lee. The Director of the Majnoon oilfield has told Aswat al-Iraq that production at the field has exceeded 210,000 bpd. Basim Tahir added that production may be increased to 220.000 bpd at the beginning of 2014, with gas supplying Rumaila power station. Shell owns 45 percent of the venture, with Petronas owning 30 percent, […]
By John Lee. New Zealand-based meat processor Alliance Group said it was developing meat export opportunities in Iraq. The cooperative has just completed its first full year of exporting directly to hotels, restaurants, and catering companies in Iraq, and its exports of Pure South brand lamb have increased by about 35 percent in the past […]
By Omar al-Jaffa for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Iraq, the early election media campaign has taken various forms. Notably, the government has started giving away residential land in return for votes. In an interview with Al-Monitor, writer and political […]
United Nations Envoy Welcomes Agreement on Humanitarian Corridor from Iraq to Syria The Government of Iraq and the United Nations in Iraq have reached agreement to facilitate the opening of a humanitarian corridor that will allow UN relief agencies (UNHCR, WFP, UNICEF) to resupply their warehouses in Eastern Syria with quantities of food and non-food […]
On December 4 U.S. Agency for International Development (USAID) Associate Administrator Mark Feierstein and Acting Assistant Administrator Alina Romanowski concluded a two-day visit to Iraq as part of a regional tour of USAID missions. In Baghdad, the Associate Administrator and Acting Assistant Administrator met with Prime Minister Maliki’s Chief of Staff, Dr. Hamid Ahmed, to […]
By John Lee. Gulf Keystone Petroleum (GKP) has issued a statement this morning confirming that Excalibur does not intend to appeal against the September court judgement, and has agreed to a payment of £17.5 million relating to costs. Shares in GKP were trading up 7 percent on Monday morning. The full text of the GKP […]
By John Lee. Turkey has offered to jointly build two more border crossings with Iraq, in addition to two new gates recently agreed upon, according to a report from Today's Zaman. The Turkish Customs and Trade Minister, Hayati Yazıcı (pictured), told the press in Ankara on Wednesday that the government favoured the construction of two […]
