The US House Oversight Committee held a hearing to assess the transition of control in Iraq from a military to a civilian-led mission. Witnesses included: The Honorable Patrick Kennedy, Under Secretary for Management, U.S. Department of State; Mr. Peter Verga, Chief of Staff for the Under Secretary for Policy, U.S. Department of Defense; The Honorable […]
Levels of violence fell in Iraq last week, but the overall number of attacks was still above average. At least 69 people were killed and 179 injured in nationwide incidents. A total of 48 bombings left 42 people dead and over 160 injured. A rise in small arms attacks left 27 people dead and 11 […]
Mr Hans Nijkamp, the head of Shell's operations in Iraq, has highlighted the success in removing explosive remnants of war (ERW) at the Majnoon oilfield, in which Shell has a 45% stake. Speaking at CWC‘s Iraq Petroleum 2012 conference in London last week, Nijkamp said that more than 12 million square metres had been cleared […]
By Joan Kibler, U.S. Army Corps of Engineers, Middle East District. Though its construction program is a fraction of what it once was in Iraq, the U.S. Army Corps of Engineers continues to manage $350 million in projects there to help build facilities for the sovereign nation. In seven years starting in 2004, the U.S. […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
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 […]
