Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Baroness Emma Nicholson, Executive Chairman of the Iraq-British Business Council (IBBC), has apologised for the complexity and inefficiency of the British visa system. Addressing the opening of the Iraq Mining 2011 conference in London, the Baroness described the visa system as an inhibitor rather than a facilitator of business interests. Several Iraqi delegates to the […]
Iraq's former anti-corruption chief slammed its leaders Monday, describing graft as "part of the struggle for power", according to a report from AFP. Rahim Hassan al-Uqailee [Judge Rahim al-Akili; al-Ugeily], who last week stepped down as head of Iraq's Integrity Commission, sharply criticised interference in his inquiries, and said he had lost political support for […]
Following his address to the Iraq Mining 2011 conference in London, the Chairman of Iraq's National Investment Commission, Dr Sami al-Araji, was interviewed by Padraig O'Hannelly for Iraq Business News: Iraq Business News: Dr al-Araji, in your speech you mentioned the visa problems that Iraqis sometimes have entering the UK; what some businesses are also […]
Hilton Worldwide is set to open its first hotel in Erbil, the flourishing capital city of Iraqi Kurdistan, under a management agreement with New York based real estate developer The Claremont Group. Comprising of 200 serviced apartments, DoubleTree Suites by Hilton Erbil is expected to open at the end of 2013. The new hotel will […]
Defense Solutions Holding, Inc. (DFSH:PK), CEO Timothy Ringgold outlined the firm’s five year growth plan that capitalizes on the firm’s extensive opportunities in Iraq. Defense Solutions has worked in Iraq since 2005 when it was the only supplier of battle tanks to the new Iraqi Army. Release of the business plan followed meetings in the […]
According to lawmakers, the border area between Kuwait and Iraq should no longer be disputed territory. However Iraqi locals see it differently and accuse Kuwait of blocking their waterways, stealing their oil and teaching their children untruths about the area, according to this report from Niqash. As dusk falls along the southern borders that Iraq […]
Washington and Baghdad have made significant progress on a deal for Iraq to buy Lockheed Martin F-16 warplanes but do not have a signed contract, according to Bloomberg. In February the Iraqi government delayed its planned purchase of F-16s and diverted $900 million set aside for an initial payment on the aircraft into its national […]
Officials in Basra have reportedly blocked a $500m power generation deal with Korea's Hyundai, because of the company's involvement with the controversial Mubarak Port in Kuwait. The project was due to be launched on Thursday. Ayad al-Amara, an official spokesman for Basra Governorate told AKnews that the Governorate has decided to stop work with all […]
Azzaman reports that the Iran Foreign Investment Company (IFIC) is willing to invest heavily in a number of projects in the southern Iraqi province of Wassit, and is prepared to accept deferred payment for its acvities. The head of the province’s information office, Majid al-Atabi, said the company’s offer was tempting because Wassit did not […]
The final report of the congressionally chartered US Commission on Wartime Contracting in Iraq and Afghanistan says at least $31 billion has been lost to contract waste and fraud, and that major reforms are required. Commission reform objectives include improving federal planning for use of contracts, strengthening contract management and oversight, expanding competition, improving interagency […]
KBR (NYSE: KBR) has announced that it has been selected by the UK’s Foreign and Commonwealth Office (FCO) to provide life support, vehicle maintenance and healthcare services across Baghdad, Basra and Erbil in Iraq, and Kabul and Lashkar Gah in Afghanistan. This builds on KBR’s existing relationship with FCO delivering services in challenging environments. The […]
The electricity, trade, defense and interior ministries have been identified as the most corrupt of the country's ministries, the Integrity Committee in parliament. Iraq's Integrity Commission has announced that it has opened an investigation into corruption in the Iraqi Defense Ministry AKnews reports that the investigation relates to all of the department's dealings since 2003, […]
