By John Lee. US-based Lockheed Martin Aeronautics has been awarded a $315,604,174 cost-plus-fixed-fee contract, for F-16 Contractor Logistics Support Phase IV. This contract provides the contractor logistics support and establish a training detachment at Balad Air Base, Iraq, for the government of lraq. Work will be performed at Balad Air Base, Iraq; and Greenville, South […]
Iraq’s oil ministry said on Sunday it has no connection with an oil tanker seized by Iran’s IRGC in the Persian Gulf for smuggling fuel, a report said. “The ministry does not export diesel to the international market,” the Arab country’s oil ministry said in a statement, Iraqi News Agency reported. Iraq’s relevant authorities are […]
Several members of Iraq’s parliament and the province’s deputy governor visited prisons near Mosul, Iraq, calling what they found a “humanitarian catastrophe.” This happened two days after Human Rights Watch (HRW) released research detailing the horrible conditions of the prisons, which hold terrorism suspects. Immediately after our report release, local authorities claimed Human Rights Watch’s […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mr. Adil Abd Al-Mahdi. It: voted to adopt the recommendation of the Ministerial Council on Energy on the Charter of Cooperation of Oil-Producing Countries which aims to promote stability in the global oil market; approved the allocation of […]
By Peter Schwartzstein, for National Geographic. Iranian border guards have started scores of blazes along their shared frontier to clear their lines of sight along key cross-border smuggling routes. Turkish airstrikes on militant camps have reduced tracts of forest to cinder. Across the bone-dry mountains and flatlands, a potent combination of illegal logging and naturally […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
By John Lee. The Iraqi government has reportedly issued warrants for 26 former and current top officials, including 11 ex-ministers, who are suspected of corruption. According to the Organized Crime and Corruption Reporting Project (OCCRP), the warrants issued included 15 to director generals. Sources told Asharq Al-Awsat that none of the warrants are for current […]
Alongside Founder, Chairman and CEO Stephan Crétier (pictured), funds advised by BC Partners, a leading international private investment firm, and others have reached a definitive agreement to acquire Rhône Group's equity interest in Garda World Security Corporation ("GardaWorld"), the largest privately-owned security and cash services company in the world, in a C$5.2 billion recapitalization. Following […]
On Tuesday, the United Nations Compensation Commission (UNCC) made available $270 million to the Governmentof 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 […]
By John Lee. Iran has reportedly reassured Iraq that there will be freedom of international maritime navigation in the Strait of Hormuz. Iranian President Hassan Rouhani (pictured) gave the reassurances to an Iraqi delegation visiting Tehran. (Source: Reuters)
Former Unaoil executive pleads guilty to conspiracy to give corrupt payments Basil Al Jarah, Unaoil’s former partner in Iraq, pleaded guilty on 15 July 2019 to five offences of conspiracy to give corrupt payments in connection with the UK Serious Fraud Office (SFO)’s investigation into Unaoil. The offences relate to the award of contracts to […]
