Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On July 26, the Iraqi government announced that the Popular Mobilization Units (PMU) will be converted into “an independent military formation affiliated with the armed forces’ commander-in-chief.” The Shiite force […]
By Jean Aziz for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A hotel in Beirut was the scene of a series of secret meetings Aug. 8-11 between a diplomatic delegation that included representatives from Western countries and nongovernmental organizations (NGOs), and a delegation […]
The Kingdom of Norway has contributed an additional US$3 million to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). With this contribution, Norway has channelled $10.7 million to UNDP's FFIS during 2016. Based on priorities identified by the Government […]
State Commission for Customs, in coordination with the National Investment Commission (NIC), has announced an investment opportunity to establish a customs check point in Al Safra Zone / Al Uthaim in Diyala Province, and provide all necessary requirements and services (logistic and security). Interested investors are entitled to present their wish to the customs commission […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter and remotely […]
By Ibrahim Malazada for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is one of the worst-off countries in the world in terms of minefield and projectile pollution, with 25 million land mines and other unexploded ordnances scattered across the country. The concentration is especially dense […]
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. Mohammad Karim Khudair, 13, quickly pushes his luggage trolley through the streets of Najaf. The small three-wheel trolley is loaded with the luggage of an Iranian tourist who came to the city to visit […]
Japan's Marubeni-Itochu Steel has joined the Iraq Britain Business Council (IBBC). The company is a joint venture between Marubeni Corporation and Itochu Corporation, established in October 2010 when the two companies merged their respective steel divisions. Its Tubular Products Division, which operates under the name Marubeni-Itochu Tubulars, supplies tubular products for the energy sector; its […]
By John Lee. The United States has filed a False Claims Act complaint against DynCorp International Inc. (DynCorp) alleging that it knowingly submitted inflated claims in connection with a State Department contract to train Iraqi police forces (CIVPOL contract). The United States filed the complaint in the U.S. District Court for the District of Columbia. […]
By John Lee. The UK's Serious Fraud Office (SFO) has announced that it is conducting a criminal investigation into Unaoil, the Monaco-based company that has been implicated in an international corruption scandal. A statement from the SFO called for information relating to the allegations: "The SFO is conducting a criminal investigation into the activities of […]
Dubai-based Drake & Scull International PJSC (DSI) has announced that it has been awarded a AED 226 million ($61 million) engineering, procurement and construction (EPC) contract for the construction of a water injection network installation project at the Zubair oil field in Basra, Iraq by ENI Iraq B.V. (EIBV) a subsidiary of the Italian oil […]
By John Lee. The Iraq Mission Chief for the International Monetary Fund (IMF) has said that the staff-monitored program that started in November 2015 is designed with a focus on four key elements: reducing budget spending and restoring public finances to a healthy state and stabilize debt; protecting spending on the social front to ease […]
