Archive | 2014

Iraq’s Oil Brinkmanship

By Denise Natali for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As al-Qaeda continues to terrorize parts of Iraq, another battle looms over the country: control over Iraqi hydrocarbons and revenues. The Kurdistan Regional Government (KRG) is pressing ahead with its plans to […]

Iraq Pays Another $1bn Compensation to Kuwait

The United Nations Compensation Commission has made available $1.03 billion to the Government of the State of Kuwait towards the Commission’s remaining claim with an outstanding award balance. The United Nations Compensation Commission was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for […]

Attempts to Solve Housing Crisis Cause Problems

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. Govt Attempts to Solve Iraqi Kurdistan’s Housing Crisis Causes Even Bigger Problems Authorities in Iraqi Kurdistan are trying to solve the housing crisis in the area by handing out […]

$82m of Hellfire Missiles for Iraq

The Defense Security Cooperation Agency notified Congress on Thursday of a possible Foreign Military Sale to Iraq for AGM-114K/R Hellfire Missiles and associated equipment, parts, training and logistical support for an estimated cost of $82 million. The Government of Iraq has requested a possible sale of 500 AGM-114K/R Hellfire missiles, Hellfire missile conversion, blast fragmentation […]

US Re-Affirms Partnership with Iraq

On Wednesday, President Obama joined Vice President Joe Biden’s meeting with Iraqi Council of Representatives Speaker Osama al-Nujaifi and a delegation of Iraqi parliamentarians. Both sides reaffirmed the importance of the strategic partnership between the United States and Iraq. The President encouraged Iraq’s leaders to continue dialogue to address the legitimate grievances of all communities […]

KBR and Others Sued for Kickbacks

The US government has filed a complaint against Kellogg, Brown & Root Services Inc. (KBR) and Kuwaiti companies La Nouvelle General Trading & Contracting Co. (La Nouvelle) and First Kuwaiti Trading Co. (First Kuwaiti) for submitting false claims in connection with KBR’s contract with the Army to provide logistical support in Iraq, the Department of […]

Conference on Legal Aid for Vulnerable Populations

On Wednesday January 22, Deputy Chief of Mission John P. Desrocher joined the Secretary General of Council of Ministers, Mr. Ali Mohsen Al-Alaq, in opening the First National Conference on Legal Aid Clinics at the Royal Tulip Hotel in Baghdad. The event was attended by ministers, members of parliament, and regional and local government officials […]

Weir Wins $98m Contract with Lukoil

The Weir Group has announced it has signed a contract with LUKOIL to provide general maintenance services for the West Qurna-2 oilfield in Southern Iraq. The agreement, which is for two years and is estimated to be worth a total ofUS$98m (£59m), will see Weir engineers deliver mechanical, electrical, maintenance and pipeline services for the […]

Corruption and Construction in Karbala

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. Six Years to Build a Short Road: Corruption and Construction in Karbala Despite the city’s tourism wealth, Karbala city officials say they don’t have enough money to complete important […]

Capacity Building Programme for Human Rights

Head of the European Union Delegation in Iraq, Ambassador Jana Hybáškova, and the Special Representative of the United Nations Secretary-General for Iraq (SRSG) Mr. Nickolay Mladenov (pictured), has launched the “Capacity Building of the Human rights Related Committees in the Council of Representatives and the Iraqi High Commission for Human Rights”. “The objective of the […]

Fmr Ambassador Argues for US to Do More

The death toll in Iraq this month is nearly 700 and rising — the result of a wave of bombings and open clashes between government-led Iraqi security forces and Sunni extremists with ties to al Qaida. Steve Inskeep talks to former U.S. Ambassador to Iraq James Jeffrey, who says the U.S. should be doing more […]

Come, See and Start

By Padraig O'Hannelly. This week the UK hosted a delegation of business people and officials from Erbil, who came to London to promote investment in the province. The delegation would have been larger were it not for the ongoing problem of getting visas to enter the UK; despite the recent opening of a new visa […]