The United Nations Compensation Commission has made available $1.03 billion to the Government of the State of Kuwait towards the Commission’s remaining claim with an outstanding award balance. The United Nations Compensation Commission was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Tags: Chapter 7, Chapter Seven, Chapter VII, Compensation, Kuwait, United Nations Compensation Commission
US Re-Affirms Partnership with Iraq
On Wednesday, President Obama joined Vice President Joe Biden’s meeting with Iraqi Council of Representatives Speaker Osama al-Nujaifi and a delegation of Iraqi parliamentarians. Both sides reaffirmed the importance of the strategic partnership between the United States and Iraq. The President encouraged Iraq’s leaders to continue dialogue to address the legitimate grievances of all communities […]
KBR and Others Sued for Kickbacks
The US government has filed a complaint against Kellogg, Brown & Root Services Inc. (KBR) and Kuwaiti companies La Nouvelle General Trading & Contracting Co. (La Nouvelle) and First Kuwaiti Trading Co. (First Kuwaiti) for submitting false claims in connection with KBR’s contract with the Army to provide logistical support in Iraq, the Department of […]
Tags: Corruption, First Kuwaiti Trading Co., KBR, Kuwait, La Nouvelle General Trading & Contracting Co., Tamimi
Fmr Ambassador Argues for US to Do More
The death toll in Iraq this month is nearly 700 and rising — the result of a wave of bombings and open clashes between government-led Iraqi security forces and Sunni extremists with ties to al Qaida. Steve Inskeep talks to former U.S. Ambassador to Iraq James Jeffrey, who says the U.S. should be doing more […]
Come, See and Start
By Padraig O'Hannelly. This week the UK hosted a delegation of business people and officials from Erbil, who came to London to promote investment in the province. The delegation would have been larger were it not for the ongoing problem of getting visas to enter the UK; despite the recent opening of a new visa […]
Illegal Sidewalk Vendors Thriving
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Al-basta (Iraqi goods displayed for sale on the sidewalk) used to be for the poor. It then became a small business, garnering modest profit. Today, these sidewalk displays generate regular daily […]
Tags: street vendors
Azerbaijan Embassy "This Year"; New Flights
By John Lee. Azerbaijan is expected to open an embassy in Iraq by the end of the year. According to a report from Trend, the Iraqi ambassador to Azerbaijan, Heydar al-Barrak, told journalists that the process will take time, but he hopes to meet that schedule. He added that issues regarding the open of direct […]
Tags: air routes, Azerbaijan
UK Trade Mission to Kurdistan
The Middle East Association (MEA) and British Expertise will be leading a joint trade mission to Iraqi Kurdistan, visiting Erbil and Slemani, from 22nd-27/28th February 2014. Register your interest today to confirm your place. This mission will have a particular focus on Education, Training, and Skills, Construction and Infrastructure Development. The MEA and British Expertise […]
Zebari Meets EU Commissioner for Development
Foreign Minister Hoshyar Zebari and his accompanying delegation met European Commissioner for Development, Andris Piebalgs, on January 20, 2014, at the headquarters of the European Commission in Brussels. The two sides reviewed the development programs in Iraq, particularly the assistance provided by the EU in this area and the national development plan for the years […]
EU announces €75m Support for Iraq
Around €75 million of development support will be made available to Iraq during the period 2014 – 2020, has today announced European Commissioner for Development, Andris Piebalgs (pictured), during a meeting with the Iraqi delegation led by Foreign Minister Hoshyar Zebari. The three proposed main areas of cooperation are: Rule of Law and Human Rights, […]
Tags: EU, European Union
Swedish Diplomat Visits DFR
The Head of the Swedish Embassy’s Section Office in Erbil, Jessica Svärdström, who is also the Deputy Head of Mission at the Swedish Embassy in Baghdad, met with the Head of the KRG Department of Foreign (DFR), Minister Falah Mustafa and the Assistant Head of the DFR, Siham Jabali, to discuss relations and matters of […]
Nineveh may soon Request Autonomy
By Bassem Francis for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Nineveh Governor Athil al-Nujaifi (pictured) warned about the repercussions of the clashes between the army and the security services on the one hand and the Iraqi Sunnis in the province of Nineveh […]