By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly laundered its cash reserves by investing in legitimate businesses in Iraq and elsewhere. According to a report from The Economist, in Iraq it has used middlemen to buy farms, car-dealerships, hotels and hospitals. It adds that weak institutions and rampant corruption make […]
The owner and chief executive officer of an armored vehicle company was sentenced today to 70 months in prison for his role in orchestrating a scheme to defraud the United States by providing the U.S. Department of Defense with armored gun trucks that did not meet ballistic and blast protection requirements set out in the […]
By Jack Detsch for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Trump administration’s budget proposal for next fiscal year does not include peshmerga salaries even as the Pentagon aims to continue training the Kurdish force. The Department of Defense had requested $365 million in stipends […]
Iraq has received the first batch of Russian-made T-90 battle tanks as part of a purchase agreement signed last year, according to an Iraqi Defence Ministry spokesman. “The first batch of Russian tanks arrived on February 15 at Umm Qasr Port - they have since been transported to Baghdad via the city of Basra”. The […]
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 Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Tribal disputes flare in southern Iraq over water scarcity Iraqi Prime Minister Haider al-Abadi gave instructions on Feb. 11 to stop the encroachment upon water quotas and increase the […]
Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between Feb. 9-15, conducting 43 strikes consisting of 63 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Strikes in Syria Yesterday in Syria, coalition military […]
An Iraqi court on February 12 sentenced former trade minister Abdul Falah al-Sudani to 21 years in prison on corruption charges. Sudani was involved in a corruption scandal connected to the country's massive food rations programme. He was given three sentences, two for "negligence" with a 14-year jail term and a third for "misconduct" with […]
Significant progress in the fight to defeat the Islamic State of Iraq and Syria has resulted in a shift in focus to sustaining military gains in Iraq to ensure a lasting defeat of Islamic State of Iraq and Syria terrorists, The commander of U.S. Air Forces Central Command told Pentagon reporters today. An Air Force […]
UNMAS Iraq ‘Clearance Mission’ Seen as ‘Tipping Point’ Between Past Conflict and a Normal Future Lives and livelihoods in Iraq’s liberated areas are being restored at long last. In Fallujah, as many as 1,800 vehicles and 100 pedestrians per hour can cross the re-opened ‘new bridge’ linking Baghdad with Al-Anbar Province. The fibre optic cable […]
By John Lee. Spartan Air Academy Iraq LLC., Addison, Texas, has been awarded a $45,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the stand-up of an Air Academy training in support of the Iraq Air Force. Work will be performed at Balad Air Base, Iraq, and is expected to be complete by Feb. 8, 2019. This award is […]
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 […]
