By John Lee. The State Department has made a determination approving a possible Foreign Military Sale to Iraq for Aerostats and Rapid Aerostat Initial Deployment tower systems and associated equipment, parts, training and logistical support for an estimated cost of $90 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this […]
By Harith Hasan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A video of Mahmoud al-Hassan, an Iraqi member of parliament (MP) from the State of Law Coalition, talking to a group of farmers in the province of Diwaniyah has circulated in […]
By John Lee. The US State Department has made a determination approving a possible Foreign Military Sale to Iraq for AT-6C Texan II aircraft (similar to the Moroccan Air Force plane pictured) and associated equipment, parts, training and logistical support for an estimated cost of $790 million. The Defense Security Cooperation Agency (DSCA) delivered the […]
By John Lee. Korean company LS Industrial Systems (LSIS) said on Wednesday that it has signed a $52 million deal with the Iraqi government to supply its patented advanced metering infrastructure (AMI) solutions. The company will supply 110,000 smart meters that track energy consumption at power transmission centers in Iraq. The transmission centers will then share […]
By John Lee. Nickolay Mladenov (pictured), the Secretary-General’s Special Representative for Iraq, visited the area of Abu Ghraib on Wednesday and spoke out against what he called the deliberate flooding of the area. Floods in Abu Ghraib have caused the displacement of more than 12,000 families and submerged hundreds of houses, including at least four […]
Foreign Minister, Hoshyar Zebari, discussed on May 13, 2014 with UNDP Country Manager, Adam Abdel Mawla, the programs and projects of the UN in Iraq. The UN representative stressed that all development programs will be run, from the beginning of next month inside Iraq, not from abroad, confirming that the organization will open a big […]
The South Korean Consul General to Kurdistan, Mr. Younhyon Kim, visited the KRG Department of Foreign Relations to meet with the Head of the DFR, Minister Falah Mustafa to bid farewell as his tenure in the region comes to an end. The meeting was also attended by the Assistant Head to the DFR, Ms. Siham […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed 7 percent lower on Wednesday after the company warned of delays in receiving payments for exports. The full text of the interim management statement for the period from 1 January 2014 to today is shown below: Overview On 25 March 2014, Gulf Keystone's common shares […]
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. Ninawa’s Planned Oil Refinery Moves Sunni-Led Region even Further from Baghdad The northern Sunni-led region of Ninawa has been planning its own oil refinery for some time now. And last […]
By John Lee. NES Global Talent, the manpower solutions provider, has opened a second office in Iraq. The new Erbil operation in Iraqi Kurdistan will act as a business hub for activity across the wider region, meaning it is on the ground to support its contractors and key clients and able to make the most […]
ZSCo, the company in Iskandariya [Alexandria] (50 kilometers south-west of Baghdad) in which Iran Khodro (IKCO) cars are assembled, is now producing at a rate of 10 cars per hour, according to an announcement from IKCO. The company's CEO said: "[The] Geographical proximity of Iran and Iraq is considered as a noticeable advantage for IKCO […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. During the months before the Iraqi elections that took place on April 30, there was growing talk within political and media circles that Iraq was heading toward “decisive elections.” Some politicians and […]
