Northrop Grumman Corporation (NYSE:NOC) has received an $87.8 million foreign military sales (FMS) contract to provide the APG-68(V)9 airborne fire control radar to Thailand, Iraq and Oman for use on F-16 fighter aircraft. The company will deliver six radar systems to the Royal Thai Air Force, 22 radar systems to the Iraqi Air Force and […]
Levels of violence rose in Iraq last week. AKE documented more incidents than in any other seven-day period since the March 2010 elections. At least 137 people were killed and 307 injured in nationwide attacks. This is the highest figure recorded in any week since May 2010. Over the course of the week a total […]
The former CFO of Australia's AWB has admitted to authorising payments to Saddam Hussein's Iraqi government. According to a report in the Herald Sun, Paul John Ingleby, aged 60, admitted he failed to "join the dots" and question payments disguised as inland transport fees before approving the transactions which ultimately went to Hussein's regime. The […]
Iraq's Commission on Integrity has revealed details of fraudulent credit operations in the Ministry of Defense's branch of Rafidain Bank, noting that the director of the bank granted illegal loans in excess of "150 billion Iraqi dinars" ($129 million). The commission said that the director of the bank allowed conditions for the granting of loans […]
Levels of violence rose in Iraq last week. At least 79 people were killed and 207 injured in nationwide incidents, more than double the figure recorded the previous week. A total of 21 non-suicide bomb attacks left 24 people dead and 36 injured. This is a relatively standard figure for the country. However, a suicide […]
Paul Jennings appeared before Southwark Crown Court in London on Monday charged with alleged offences of conspiring to make corrupt payments to public officials in Indonesia and Iraq to secure contracts for Innospec Ltd for the supply of its products. Mr Jennings, a former CEO for Innospec Ltd, pleaded guilty today to the following charges: […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
The CIA is reportedly planning to cut the number of personnel in Iraq to 40% of what it had at the height of the Iraq war, when Baghdad was the headquarters of the largest CIA station in the world. At that time, there were more than 700 members of the CIA there. Supporters of the […]
A U.S. Army major who pleaded guilty to accepting $20,000 in bribes from an Iraqi contractor was sentenced last week to six months in federal prison, according to a report from Reuters. In addition to his prison sentence, Christopher Bradley, aged 42, of El Paso, Texas was also ordered to pay restitution. Federal prosecutors said […]
Conditions seemed relatively quiet in Iraq for most of last week until a co-ordinated spate of bombings hit the capital on 31 May. Otherwise, the total number of attacks recorded countrywide fell by almost half. At least 31 people were killed and 74 injured in nationwide incidents. Across the country a total of 21 bomb […]
Levels of violence fell slightly in Iraq last month. Over the course of May AKE documented at least 162 separate attacks around Iraq. Incidents left at least 223 civilians and members of the security forces dead. Dozens more injured and the figure does not include militants and terrorists killed in police or army operations or […]
Omnnea, an Iraq-based wireless, internet and data provider, has developed the hardware and software necessary for a dual mode GSM/CDMA Tracking Device to address security issues. Omnnea is planning to offer the system to users by Q3 2012. The system is designed, developed and manufactured in Iraq. It has routine vehicle tracking features to alert […]
