From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What is behind Iraq's electricity crisis? As summer brings soaring temperatures, Iraq is again experiencing major power shortages with associated political turmoil. With daytime highs above 50 degrees Celsius, blackouts are particularly hitting […]
By John Lee. Dyncorp International LLC, Fort Worth, Texas, was awarded a $20,606,486 modification (P00152) to contract W58RGZ-19-C-0025 for worldwide aviation maintenance. Work will be performed in Fort Worth, Texas; and Iraq, with an estimated completion date of Nov. 30, 2021. (Source: US Dept of Defense)
Writing in Oil Price, Simon Watkins says Iraq is playing the United States and China off against each other in the awarding of contracts for infrastructural development and oil sales. Click here to read the full story.
By Ali Al-Mikdam, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Ongoing Assassinations of Iraqi Activists In the period after the 2020 assassination of Soleimani and al-Muhandis, many activists in Iraq believe that Iran's focus […]
By John Lee. US-based Textron Aviation Defense has been awarded a $7,605,208 firm-fixed price contract with cost-plus-fixed-fee and cost-reimbursable contract line item numbers for support and sustainment of the Iraq Peace Dragon Program. This contract provides support of the field service representatives, program management, core/field engineering and repair-and-return. Work will be performed in Wichita, Kansas, […]
By John Lee. Local news sources in Iraq claim the major power cut in Iraq on Friday was caused by sabotage of the power transmission lines. Meanwhile, Prime Minister Mustafa Al-Kadhim ordered the dismissal of the Director General of the General Company for Electricity Transmission in the Middle Euphrates region for "neglecting to perform his […]
By Adnan Abu Zeed 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 replaces state media head An Iraqi court has reinstated the former president of the Iraqi Media Network (IMN), annulling the appointment of Nabil Jasem. Click here to […]
By Yesar Al-Maleki, for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The promise and the pitfalls of Iraq's tripartite New Mashreq Sunday was a festive day in Baghdad. The last time Iraqis had received an Egyptian president 30 […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately 83,690,352 barrels, […]
By John Lee. At a meeting in Brussels on Wednesday, Iraqi Prime Minister Mustafa Al-Kadhimi asked the President of the European Commission, Ursula von der Leyen, to remove Iraq from its list of countries considered to have a high risk of money laundering. Earlier this year, the United Kingdom removed Iraq from its list of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st July 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD940 (-0.1%) / $824 (-0.1%) (weekly change) (+29.5% and +24.3% YTD change, respectively). The number of week traded […]
By John Lee. Iraq's Minister of Electricity, Majed Mahdi Hantoosh [Hantoush], has reportedly submitted his resignation, following protests over repeated power cuts. Anadolu Agency says the resignation was accepted by Prime Minister Mustafa Al-Kadhimi. Muqtada Al-Sadr, leader of the Sadrist movement, had recently called for the Minister to be sacked. (Source: Middle East Monitor)
