By John Lee. Alliant Techsystems (ATK) has been awarded a firm- fixed price, cost-plus-fixed-fee $9,949,966 modification (P00053) to previously awarded contract FA8106-10-C-0010. The contractor will provide contractor logistic support for the Iraqi Air Force's Cessna 208B Caravan and is expected to be completed by April 30, 2015. (Source: US Dept of Defense)
The Balance Sheet of the Recent IFG-KRG Oil Deal By Ahmed Mousa Jiyad. On 2 December the Council of Ministers-CoM website posted the decisions taken by the Cabinet including one approving the agreement concluded between the Iraqi Federal Government (IFG) and Kurdistan Regional Government (KRG). Soon after its announcement and due to lack of transparency, […]
By Cengiz Çandar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Adel Abdul-Mahdi, Iraq’s former vice president and current oil minister in Haider al-Abadi's government, spotted me aboard a flight from Beirut to Istanbul. He was in a rush, on his way back […]
By Sana Bekki. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. I met with Hana Sadeq, the Ambassador of Arab fashion in Amman. Hana’s kaftans and abayas represent business success. However, by opening a window to the all-too-often hidden charm of Arab women, she has […]
The Kurdistan Regional Government Council of Ministers has appointed the current KRG Representative to the United Kingdom, Ms. Bayan Sami Abdul Rahman, as the new KRG Representative to the United States of America. Commenting on this decision, the Head of the KRG Department of Foreign Relations, Minister Falah Mustafa said: “Based on the KRG’s policy […]
Four US Charities Team Up to Deliver Emergency Winter Supplies, Soccer Balls to Iraqi Children and Families fleeing ISIS A coalition of four US-based charities founded by veterans of Desert Storm and the Iraq War are mobilizing emergency winter aid for Iraqi families fleeing ISIS and delivering soccer balls to Iraqi children who deserve a […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 15 banks took part in its currency auction on Wednesday. A total of $170,771,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Egypt’s state-owned Petroleum Projects & Technical Consultations Company (Petrojet) has reportedly won two contracts in Iraq valued at $142.5 million (166 billion Iraqi dinars). In the first contract, worth $75 million, Petrojet will carry out the first phase of the rehabilitation and upgrade of the current facilities in Basra Gas Company, for […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th December 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,370 (+0.2%)/ $1,486 (+0.3%) (weekly change) (-26.5% and -25.2% YTD change, respectively). The number of week traded shares […]
By John Lee. Prime Minister Dr. Haider Al-Abadi met the CEO of BP, Bob Dudley, in his office on Sunday. During the meeting, they discussed the production and development of oil fields in Iraq, and in particular the oil fields operated by BP in Rumaila and Kirkuk. Dr. Haider al-Abadi expressed Iraq’s interest in increasing […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As soon as the oil agreement signed Dec. 2 between the Iraqi government and the Kurdistan Regional Government (KRG) was announced, optimism emerged in Iraqi and international circles, which considered the agreement to be the […]
By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari met the French Defense Minister, Jean-Yves Odrian, during a visit to Manama. The Minister praised France's position in the war against terrorism and its support for Iraq, in addition to mobilizing European public opinion against ISIS, describing the French support as "powerful and influential". For his part, […]
