By John Lee. Maryland-based Amentum Services Inc. has been awarded a $10,000,000 modification (P00255) to contract W58RGZ-19-C-0025 for aviation maintenance services. Work will be performed in Iraq, with an estimated completion date of March 3, 2023. Amentum was created by the sale of AECOM's Management Services business to affiliates of Lindsay Goldberg and American Securities […]
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has deleted the following Iraq-related entities from its Specially Designated Nationals (SDN) list: MIDCO FINANCE S.A. (a.k.a. MIDCO FINANCIAL S.A.; a.k.a. MONTANA MANAGEMENT INC.), 57 Rue du Rhone, Geneva CH-1204, Switzerland; Panama; US FEIN CH-660-0-469-982-0 (United States); Switzerland [IRAQ2]. MIDCO […]
By Hassan Jivraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's tech ecosystem offers bright spot for private sector Despite numerous regional and country-specific challenges, Iraqi start-ups had a good year. Click here to read the full article.
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for December of 103,281,459 barrels, giving an average for the month of 3.332 million barrels per day (bpd), almost equal the 3.329 million bpd exported in November. The exports from the oilfields in central and southern Iraq amounted to approximately 100,735,151 barrels, while […]
KRG Prime Minister Masrour Barzani has approved the allocation of 1.985 billion Iraqi dinars [$1.36 million] to help reduce the impact of floods in the village of Grdjotiar near Erbil. This amount will be implemented in stages on the investment budget of the Ministry of Agriculture and Water Resources. (Source: KRG)
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi economic capital engulfed in trash, suffers from dilapidated electricity Georgian government plans to open an honorary consulate in Erbil in the near future to strengthen cultural and economic ties between Tbilisi and Erbil, […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran Moves To Consolidate Its Grip On Iraq's Oil Sector Iran has long held enormous political, economic, and military sway over neighbouring Iraq through its various military and political proxies, […]
Germany helps WFP support Iraqis affected by conflict and climate crisis through resilience-building activities The United Nations World Food Programme (WFP) welcomed a generous contribution of EURO 22.5 million (US$23.9) from Germany to support capacity-building activities in coordination with the Iraqi Government, as well as empowering youth through vocational training and assisting vulnerable communities in […]
89 investment projects worth over $2 billion have been implemented this year The implementation of investment projects in various sectors was one of the priorities of the Ninth Cabinet of the Kurdistan Regional Government (KRG). In 2022, the implementation of 89 investment projects began, with a capital of 2 billion and 135 million and 418 […]
