By John Lee. Zawya reports that exports of fruit and vegetables from Jordan to the Iraqi market are increasing. A spokesperson for the Agriculture Ministry said Jordan exports 3,800 tonnes of produce to the Iraqi market daily, giving the example of six refrigerated trucks carrying 300 tonnes of peaches, which arrived in Iraq on Wednesday. […]
By John Lee. An American military contractor has been sentenced to 4-1/2 years in federal prison in relation to bribes for contracts Iraq. George H. Lee Jr., aged 72, pleaded guilty to bribery earlier this year, following prosecution claims that he gave more than $1 million to Army officials who steered $20 million in contracts […]
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. Sudden Silence? Why Local Media Have Shut Up About Iraqi-Saudi Arabia Wikileaks Scandal In late June, the whistle blowing organisation, Wikileaks, published a raft of formerly confidential documents said to […]
By John Lee. Prime Minister Haider Al-Abadi has opened the new Al-Jadiriya Water Reservoir. This project coincided with opening another project in the area of Kasra Wa Attash. According to a statement from the Office of the Prime Minister, the capacity of the two projects is "150 000 cubic meters". Al-Abadi emphasized the importance of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has recovered hundreds of cultural artefacts that have been seized by international customs agents since 2003. Having been looted from Iraq, many of these pieces come from areas that are now under […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. While serving his second term as prime minister in February 2011, former Prime Minister Nouri al-Maliki told AFP he did not aspire to serve a third term. He averred that “the premier […]
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. Chinese Company Pollutes, Causes Disease: Is The Oil Industry Killing The Poor in Wasit? As soon as the Chinese oil company began extracting oil from the Ahdab oil field in […]
By John Lee. According to a report from the Financial Times, Iraq’s introduction of the new Basra Heavy crude oil grade is causing problems for the international oil companies (IOCs). Since its launch in June, IOCs such as Shell, BP, Total, Lukoil, Petronas and China National Petroleum Corporation (CNPC) have received their remuneration for development […]
By John Lee. In a statement to the markets this morning, Dragon Oil gave the following update on its operations at Block 9 in Iraq: "In 2014, the partners in Block 9 in Iraq (Dragon Oil 30%) announced the discovery of oil in two formations in the consortium's first exploration well, Faihaa-1. "Open and cased […]
By John Lee. India's Diamond Power Infrastructure has reportedly won a $14.5-million (16.9 billion Iraqi dinar) order to supply 4,600 kms of Aerial Bunched Cables to Iraq. The cables are to be supplied over a period of 8 months, starting in September 2015. Shares in the company were trading up 10 percent on Friday. (Source: […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber, fighter-attack and remotely piloted […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 5 remittance companies took part in its currency auction on Thursday. A total of $242,666,428 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
