By John Lee. Iraq has recovered $13 million in state funds that were frozen in French banks, following court orders and coordination with international and domestic authorities. According to the Iraqi Fund for Asset Recovery (IFAR), the recovered amount has been deposited into accounts held by the Ministry of Finance, following the completion of required […]
By John Lee. Iraq's new ambassador to the United States, Krikor Der Hagopian, has presented his credentials to President Donald Trump at a formal ceremony at the White House. According to the Iraqi Ministry of Foreign Affairs, Der Hagopian conveyed greetings from the Iraqi government and stated that his mission's priorities would include following up […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Courts Europe in Bid to Diversify Options after Coalition Withdrawal Iraq is moving to forge bilateral security partnerships with Europe, with Prime Minister Ali Al-Zaidi's recent tour of France and Germany resulting […]
By John Lee. Iraq and Oman have signed a memorandum of understanding (MoU) on bilateral cooperation in integrity promotion and anti-corruption, on the sidelines of the Sixth Session of the States Parties to the Arab Anti-Corruption Convention in Doha, Qatar. The MoU was signed by Dr Mohammed Ali Al-Lami, President of the Federal Commission of […]
By John Lee. An unlicensed currency exchange and money transfer network has been dismantled in Baghdad, with five suspects arrested and $240,000 seized. According to Iraq's Ministry of Interior, the operation was carried out by units of the Federal Intelligence and Investigations Agency (FIIA). The suspects were operating in several districts on the Rusafa side […]
By John Lee. An Iraqi member of parliament has been sentenced to seven years in prison for illicit enrichment and ordered to repay more than IQD 61 billion (USD 46.6 million) in unlawful assets and equivalent financial penalties. According to the Federal Commission of Integrity, the Central Criminal Court for Anti-Corruption issued an in-person verdict […]
By John Lee. A fraud network that purchased more than 170 properties in Babylon and Baghdad and registered them in the names of others has been dismantled, with all nine suspects arrested. The properties, which include state-owned and agricultural land, are estimated to be worth tens of billions of Iraqi dinars (hundreds of millions of […]
By John Lee. Iraq has closed the file on restricted airspace zones in its skies, following confirmation that military airspace areas listed in the Iraqi Aeronautical Information Publication (Iraq AIP) are no longer used for military operations. The Ministry of Transport announced the development, noting that it was achieved through a purely national decision taken […]
By Yesar Al-Maleki, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Oil Deals Reset US-Iraqi Relations? As Iraq and the United States enter a new phase in their relationship, oil is assuming a more central role. During Prime […]
By John Lee. Six memoranda of understanding (MoUs) were signed between Iraq and France at the Élysée Palace in Paris on Monday, covering defence, energy, aviation, and youth and innovation cooperation. The agreements were signed during a visit by Prime Minister Ali al-Zaidi and were witnessed by French President Emmanuel Macron. According to the Prime […]
By John Lee. A tanker was struck by an unknown projectile approximately 28 nautical miles south-east of Al Faw today (Wednesday). The vessel's crew are reported safe and no environmental impact has been reported. According to the United Kingdom Maritime Trade Operations (UKMTO), authorities are investigating the incident. Vessels are advised to transit the area […]
By John Lee. The United States has approved a possible Foreign Military Sale to Iraq for Bell 412EPX and Bell 407M helicopters and related equipment, with an estimated total value of $800 million. The principal contractor would be Bell-Textron, based in Fort Worth, Texas. According to the US Bureau of Political-Military Affairs, the package includes: […]
