By John Lee. The acting Finance Minister, Ali Yousef Shukri (pictured), is reported to have held a meeting with a representative of the World Bank to discuss the restructuring of the state-owned banks in Iraq. According to the report from NINA, the discussions related particularly to the Rasheed and Rafidain banks. (Source: NINA)
By John Lee. Oryza reports that Iraq’s rice planting, at around 80,000 hectares, is 24 percent below the Ministry of Agriculture target of 106,000 hectares. According to the USDA, Iraq is expected to produce about 180,000 tons of rice (milled basis) in 2013-14, and import around 1.4 million tons to meet domestic demand. Iraq imports about […]
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. Turkey's Approach Toward Iraq's Shiites will Reduce Sectarianism For the first time in modern Turkish history, a high-ranking Turkish official, Foreign Minister Ahmet Davutoglu (pictured), visited the Shiite holy cities of Najaf […]
By John Lee. Zaha Hadid has reportedly been chosen to design the new £630-million Iraqi Parliament building in Baghdad. According to Architects Journal, Zaha Hadid Architects (ZHA) landed the project despite coming third in a design contest for the prestigious building, which was won by London-based Assemblage. It is understood that the company has been working […]
By John Lee. The US Department of Justice has said that an Iraqi construction company has paid $2.7 million to resolve allegations that it bribed a former US Army Corps of Engineers (USACE) official to win contracts in Iraq. Iraqi Consultants and Construction Bureau (ICCB), headquartered in Baghdad, had reached the settlement of alleged violations […]
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. It is traditional for Shiite Muslims to wear mourning black around Ashura, a memorial day commemorating the death of one of their sect’s most important icons. But while some […]
By Laith Hammoudi. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News Mohammed Abid is waiting for an email from the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey and its neighbours, Iraq and Syria, have been in dispute over water for five decades. Iraq and Syria accuse Turkey of using more water than it should, while Ankara says the other […]
By John Lee. World Tribune reports that Iraq has received its first shipment of Russian Mi-35 attack helicopters. Part of a $4.3-billion deal with the Kremlin, the helicopters are regarded as some of the most advanced in the Russian military. “Iraq expects to see a consignment of around 40 Mi-35 and Mi-28NE attack helicopters by the […]
By John Lee. The head of refineries at Hindustan Petroleum (HPCL) has told Reuters that Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014. B.K. Namdeo added: "Iraq is very positive. They are willing to raise credit period to 60 days and waive […]
By John Lee. French company Schneider Electric has won a contract to build a power plant in Iraq. The 64MW plant will be built in the Nasir district in northern Dhi Qar province, near the stadium in the area. Schneider employs more than 140,000 people in over 100 countries. Last year revenues were $32bn. (Source: […]
Basra's Arabian Gulf Academy For Maritime Studies will soon be able to offer its students a high-class hands-on training using three simulators from Transas: Engine Room simulator ERS 5000, GMDSS simulator and Radar/ARPA simulator. The simulators will provide trainees with a wide range of navigational and engineering skills. Engineers will acquire knowledge of operating an […]
