A former business partner of a U.S. military contractor was sentenced today to 18 months in prison for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military base in Kuwait during the Iraq War. Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division, Special […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As the Gulf crisis continues with the rivalry between Saudi Arabia and Qatar, with no sign of a resolution, each country deems it necessary to seek a rapprochement with […]
Large-scale flooding beginning on the morning of Friday (23/11) has wreaked havoc across Iraq, killing several people and causing widespread damage to homes, infrastructure and agriculture, and worsening the living conditions of internally displaced persons (IDPs). In Ninewa governorate, Qayarrah Airstrip and Jeddah IDP camps were particularly affected by the flooding. Among the approximately 7,500 […]
By Ranj Alaaldin. The June 2014 takeover of Mosul by the Islamic State group (ISIS) was described as an existential threat to the Iraqi state and the post-2003 political order. Yet, its emergence was only a symptom of a broader series of crises that had engulfed Iraq over the past decade. While militant groups dominate […]
The European Union has adopted today a €56.5 million package to promote sustainable job creation and strengthen support to refugees, internally displaced populations and their host communities in Iraq. This brings the total EU development assistance mobilised in favour of Iraq in 2018 to €129 million and it is part of the €400 million pledged […]
By John Lee. Gas exports from Iran to Iraq have reportedly been interrupted as authorities in Iran repair pipeline damage caused during a recent earthquake. The gas is used for electricity generation, with the cut reducing available power by 2,500 megawatts (MW). Supplies are expected to be restored over the coming days. (Sources: Iraq Oil […]
By John Lee. Iraq has fallen one place in this year’s Legatum Institute Prosperity Index, ranking in 143rd place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite Iraq’s […]
By John Lee. Janus Global Operations (JGO) has reportedly opened an operations center in the east of Mosul. According to PRNewswire, the center will provide mobile and static security support for its commercial clients, coordinate the company's demining and explosive ordnance disposal teams, and perform other tasks to help restore stability to the area. The […]
The World Health Organization (WHO) has conducted an urgent needs-assessment mission to Qayyarah’s Jadaa internally displaced person (IDP) camps in Ninewa governorate to assess the health situation of the population affected by the heavy rain which caused flash flooding in a number of IDP camps in the governorate. Tens of thousands of families have lost […]
It's here! #Giving Tuesday! Make a high impact gift to Iraqi orphans and vulnerable children today. How? $40,000 is available in matching funds for education, nutrition, legal protection, medical care, and psychosocial support for orphans, street kids, and displaced children. Donate $25, $50, $100, or more and get a 100% match PLUS, for every $25 donated, a girl or boy gets a gift […]
IBBC welcomed 260+ delegates to Dubai to discuss ‘Iraq – Reconstruction & Rebuilding, how to deliver Vision’ with expert Industry, Government and International Organisations on 25th November Iraq Britain Business Council held its annual Autumn Conference in Dubai yesterday on the 25th November at the Address Dubai Marina in Dubai. The event hosted many speakers […]
By John Lee. General Electric (GE), Standard Chartered Bank and the state-run Trade Bank of Iraq (TBI) are reported to have jointly closed a $600-million financing agreement to fund the ambitious electricity project 'Power Up Plan' in Iraq. According to Trade Arabia, the project will be implemented in two phases, providing more than 2 gigawatts […]
