By John Lee. US President Joe Biden has announced his intent to nominate Tracey Ann Jacobson (pictured) as Ambassador to Iraq. If approved by the Senate, Ms Jacobson will take over the role from Alina L. Romanowski, who has served in the post since June 2022. In a statement from The White House, Tracey Jacobson […]
By John Lee. Iraq's Commission of Integrity has arrested the General Manager of the Iraqi Cement Company and the director of a private company on charges of bribery. The arrests followed a tip-off from an investor who claimed to be a victim of extortion, having been asked for a sum of $500,000 in exchange for […]
UNDP continues to support the Government of Iraq in ending corruption and boosting foreign investment The UN Development Programme (UNDP)'s Anti-Corruption and Arbitration initiatives (ACAI) is achieving significant milestones midway through its five-year implementation. Funded by the European Union (EU), the project recently conducted its second steering committee on Sunday, January 21, at the State […]
By John Lee. Dana Gas has informed the market that a liquid storage tank at the Khor Mor facility in the Kurdistan Region of Iraq was struck by a suspected drone on the evening of Thursday, 25 January. It said there were no injuries to personnel, but that production was temporarily suspended to put out […]
By John Lee. Iraqi budget airline Fly Baghdad has suspended operations until further notice, following the imposition of sanctions by the United States earlier this week. It said the move was in compliance with a decision of the Iraqi government. The airline added that due to the freezing of its bank accounts, it is unable […]
By John Lee. China's Huawei has organised a technical seminar at the Ministry of Electricity's headquarters, focused on digital transformation, the future of energy, and programs for protecting electrical systems. The seminar was attended by the Director-General of the Technical Department, along with several specialists and advanced engineering and technical staff. The participants provided a […]
By John Lee. The United Nations Development Programme (UNDP) has responded to a claim that large sums are being lost to corruption in Iraq as donors fail to track spending on post-war reconstruction. According to an article in the British newspaper The Guardian: "The alleged kickbacks are one of a number of claims of corruption […]
By John Lee. The United States has imposed sanctions on the Iraqi airline Fly Baghdad, and on its CEO, Basheer Abdulkadhim Alwan al-Shabbani. In a statement on Monday, the Department of the Treasury's Office of Foreign Assets Control (OFAC) said the airline, "provid[ed] assistance to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its proxy […]
By John Lee. Iraq's Oil Products Distribution Company, in collaboration with supporting security forces, have successfully broken an oil smuggling ring. According to a statement from the Ministry of Oil, a raid was carried out on a garage in the Khor Al-Zubair area, at which they seized 29 tankers loaded with oxidized asphalt [oxidized bitumen], […]
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein, has met with Director General of International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, at the Agency's headquarters in Vienna. The meeting was attended by permanent representative to the IAEA, Ambassador Bakr Fattah Hussein. During the meeting they discussed prospects for cooperation between […]
By John Lee. Iraq's Commission of Integrity has reported the detection of "excesses and waste" exceeding $33 million in two contracts for Dhi Qar Oil Company (DQOC) and several departments affiliated with the Ministry of Electricity in the province. The department revealed excesses in the cost of a contract for the construction and maintenance of […]
By Abbas Kadhim 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. Iraq's prime minister is sending mixed messages on whether US forces should withdraw or not The coming months will reveal whether the Iraqi government intends to uphold the […]
