By John Lee. Iraq's Finance Minister, Hoshyar Zebari (pictured), has told Reuters that he is trying to postpone the final $4.6 billion installment of reparations for its 1990-91 occupation of Kuwait. To fund its reparations commitments, Iraq pays 5 percent of its crude oil exports to the U.N. Compensation Commission (UNCC). So far, nearly all […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Shiite Muslims are flocking to the Imam al-Hussein shrine in Karbala in preparation for the Arbaeen religious festival marking the 40th day after Ashura which commemorates the seventh century killing of Prophet Mohammed's grandson:
By John Lee. Iraq is reported to be giving bigger discounts for heavy crude from Basra from January. The State Oil Marketing Organization (SOMO) recently abandoned plans to split its "Basra Light" grade into two grades, light and heavy. Reuters says this latest move is aimed at pacifying buyers who have had to deal with […]
By John Lee. Reuters reports that Mass Global will partly finance a $3-billion power plant in Bismaya. The gas-fired, 3,000-megawatt plant is being built by Turkey's Enka Insaat, whose chairman Sinan Tara said it would be financed partly from Mass Global's equity and partly from Iraqi lenders. The project will be built in two phases […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Finance Minister Hoshyar Zebari says ISIL is now on the defensive, although they are still in control of Mosul. Al Jazeera's Jane Arraf reports from Baghdad:
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. Kidnappers In Uniform? Defenders Of Baghdad Turn To Crime For Cash There’s been a rise in crime and kidnapping in Baghdad and it seems that perpetrators are often in military […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's autonomous Kurdish government says 727 of its fighters have been killed in battles with ISIL since June. ISIL has been trying to take control of strategic areas in Iraq. The latest town […]
The International Monetary Fund (IMF) has issued its findings following a recent visit to Iraq. End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the […]
By John Lee. On a recent visit to the holy city of Karbala, Prime Minister Haider Al-Abadi described the existence of "ghost" soldiers as a crime on two fronts - the theft of public money and the breach in security which led to the murders of innocent people. He described the efforts of the Ministry of […]
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The new oil agreement between Iraq’s federal government and the autonomous Kurdish government in the north appears to have left some room for confusion as to what the Kurds should do […]
By John Lee. AM General has been awarded a $9,788,413 firm-fixed-price, foreign military sales (Iraq) contract for 50 M1165A1 high mobility multipurpose wheeled vehicles (HMMWV) and spare parts for one year. Work will be performed in South Bend, Indiana, with an estimated completion date of Dec. 9, 2015. Bids were solicited via the Internet, with […]
On Tuesday, the world commemorated the International Anti Corruption Day. On that Day, 9 December, 11 years ago, the United Nations Convention against Corruption (UNCAC), was first opened for signature and adoption by Member States of the United Nations, in Mexico. The Convention named the United Nations Office on Drugs and Crime (UNODC) as the […]
