The UK's Serious Fraud Office (SFO) has charged two further individuals in relation to the Unaoil investigation. Paul Bond and Stephen Whiteley have both been charged with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. The charges relate to alleged corrupt conduct within Unaoil, between […]
U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria, conducting 19 strikes consisting of 24 engagements between Nov. 27 and yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the most recent strikes, noting that assessments of results are based on initial […]
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The dog days of the summer extended from October into the first 10 days of November, as the 40 day Arba’een pilgrimage came to […]
By John Lee. Iraq has fallen one place in this year’s Legatum Institute Prosperity Index, ranking in 142nd place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite Iraq's […]
On 29 November 2017 the British Prime Minister became the first major foreign leader to visit Iraq since the fall of Mosul, announcing the UK’s commitment to addressing the evolving threat from Daesh and countering the dispersal of foreign fighters as Daesh is squeezed out of the battlefield in Syria and Iraq. Speaking to British […]
By John Lee. The United Nations has advertised new positions in Iraq: Resident Finance and Administration Manager, National Democratic Institute (NDI) Program Manager, Relief International Security Associate, UN Office for Project Services (UNOPS) Mental Health and Psycho Social Support Consultant, International Rescue Committee (IRC) Invitation to Bid: Post Distribution Monitoring (PDM) of IOM Emergency Response […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Health Coordinator, Première Urgence Internationale (PUI) Deputy Head of Mission, Première Urgence Internationale (PUI) Finance & Human Resources Manager, Action contre la Faim - ACF International Finance Coordinator, Action contre la Faim - ACF International Proposal and Reports Writer, Save the Children […]
Gulf Keystone Petroleum (GKP) has announced the appointment of Jacobus ("Jaap") Huijskes as a Non-Executive Director with immediate effect. Jaap Huijskes was most recently a Director at OMV, the Austrian integrated oil and gas company listed on the Vienna Stock Exchange. While at OMV, he was responsible for Exploration and Production (E&P) and oversaw the […]
By John Lee. A Saudi-based bottling company is reported to be planning to open a new factory in Iraq next year. According to The National, Aujan Coca-Cola Beverages Company (ACCBC), a subsidiary of Aujan Group Holding, will invest up to 250 million Saudi riyals ($67 million) over the next two years, creating for more than […]
By John Lee. The escalating tensions between Baghdad and Erbil have triggered an unprecedented upsurge in applications from wealthy Iraqi nationals for second citizenship programs. Data collected by Savory & Partners, one of the largest companies in the Middle East that provides citizenship-by-investment programs, shows that compared to the same quarter last year, interest has […]
By John Lee. Al-Burhan Airways has opened a new helipad at Al-Rasheed Hotel in Baghdad. A spokesman for the company told Iraq Business News that it's planning to use the new facility to serve the sponsors of Frontier Exchange's Iraq Banking & Investment Summit, being held on 2nd and 3rd of December, by providing a […]
For more than 3 years, the people of Hawiija [Hawijah] district in Kirkuk governorate, were cut off from lifesaving health care and immunization services, leaving many children susceptible to vaccine-preventable diseases. “For years, I worried that my children may contract polio and measles or die,” said Hadija, a 32-year-old mother of 3. In September 2017, […]
