The U.S. State Department plans to deploy 16,000 civilian employees in Iraq, the Washington Post reports. And while the U.S. military is supposed to be out of Iraq by the end of the year, the two governments are trying to negotiate an agreement for a small training force to remain. But those forces will be […]
Iranian news agency FARS reports that senior Iraqi officials have launched a probe into corruption accusations against the country's parliament speaker, Osama al-Nujaifi. Media reports in Iraq have leveled several corruption accusations against al-Nujaifi in recent days, and questioned the source of the $600,000 he has spent on repairing his house. Some Iraqi officials have […]
Reuteres reports that a senior Iraqi oil ministry official said on Friday that two bombs hit pipeline networks transporting crude from Iraq's giant Rumaila oilfield. The impact on production from Rumaila was not immediately clear, but firefighters were working to put out blazes caused by the blasts. (Source: Reuters) (Picture: an oil pipeline at Rumaila)
The Colorado Securities Commission has ordered a company promoting speculation in Iraqi dinars, and its director, to stop soliciting investors in Colorado. The commission entered a cease-and-desist order on Thursday against AmIraq Fund LLP, general manager BB&M International Corp, and William Burbank, who serves as CEO and managing director of both companies. The order prohibits them […]
Levels of violence fell slightly in Iraq over the past week. There was a rise in the number of small arms attacks, mainly in Baghdad and the neighbouring province of Diyala. There was also a slight rise in the number of indirect fire attacks countrywide, which left two people dead (including a US soldier) and […]
Despite Monday’s deadly attack against a police facility in Anbar province, overall levels of violence declined in Iraq over recent months. At least 676 people were killed between July and September as a result of over 700 separate terrorist and militant attacks. This constituted an improvement from the second quarter of the year (April-June) when […]
Fluor Corporation has dropped a protest filed last month with the Government Accountability Office challenging a $500 million award to KBR for a logistics support contract in Iraq, according to a report from Bloomberg. According to the news agency, a Fluor spokesman said the company had no comment. The contract was on hold until the […]
Iraqi Foreign Minister Hoshyar Zebari denied allegations that he or his ministry had been bribed by Kuwait in order to settle the dispute over Kuwait's new Mubarak Port, according to a report from AKnews. Although Zebari stated that these allegations would not deserve a response, he labeled the allegations as "fabricated" and "defamatory". "The Ministry […]
The following report was published on 26th September 2011 by the International Crisis Group. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. To download the full report, please click here. EXECUTIVE SUMMARY AND RECOMMENDATIONS After years of uncertainty, conflict and instability, the Iraqi state […]
Over the next 18 months, the U.S. Embassy in Iraq will provide approximately $580,000 toward establishing the Test of English as a Foreign Language (TOEFL) center at the Commission on Integrity (COI). These funds will provide English-language training for 100 COI employees. The investigators and prosecutors in the program will receive a minimum of 288 […]
Levels of violence rose in Iraq for the fourth week in a row last week, with a number of people killed and injured in nationwide attacks. Violence was concentrated in Baghdad, Mosul and the districts surrounding the capital. As warned in last week’s Security Update on Iraq Business News there were several attacks conducted against […]
Bloomberg reports that Iraq has made its first payment on a $3 billion program to buy 18 Lockheed Martin (LMT) F-16 fighter jets. Pentagon spokesman George Little commented: “A long-term strategic relationship with Iraq is important. We seek to find ways to enable the Iraqis to provide for their own security and to add to […]
