Swedish truck maker Scania paid $5 million in kickbacks through the U.N.'s oil-for-food program in Iraq, possibly violating both U.S. and Swedish laws, an anti-corruption investigator said on Friday, according to a report from Associated Press. Swedish prosecutor Nils-Eric Schultz told the agency he is preparing to file charges in Sweden against several company officials […]
There is money to be made in Iraq for companies that wish to invest in correct security measures, according to leading project management specialists Parsons Brinckerhoff. Speaking during the fourth annual Construction Week Conference in Abu Dhabi, the company’s Iraq country manager Jeff Larkin told delegates that security remained a real issue for staff working […]
The Czech Republic might sell up to 25 Aero L-159 ALCA (Advanced Light Combat Aircraft) subsonic fighter aircraft to Iraq, according to Prague Monitor. The deal requires approval from the U.S., which supplied avionic equipment to the planes. According to some information, Czech Foreign Minister Karel Schwarzenberg discussed the issue on his visit to the […]
National Overview The national total number of officially reported hostile incidents increased slightly from 116 to 119. Although the Baghdad region accounted for most of hostile incidents it was for a smaller number than the three previous weeks. The modus operandi of assassinations utilising under vehicle improvised explosive devices and small arms fire continued unabated. […]
The Iraqi government announced on Monday that it no longer has the authority to contract for the major F-16 aircraft deal that we reported on just two weeks ago, according to Alsumaria News. While stressing the need for Iraq to have a strong air force to protect its sovereignty, Iraqi government spokesman Ali al-Dabbagh told […]
The US government will hire an additional 7,000 security contractors once Congress approves the 2011 budget. Speaking at the annual Arab-US Policymakers conference in Washington, Michael Corbin, Deputy Assistant Secretary for State for Iraq said security contractors will help "the Iraqi government improve its police department and other civil agencies." Corbin stated that State Department […]
Olive Group, one of the global providers of integrated security solutions, and a regular contributor to Iraq Business News, is a Silver Sponsor at the forthcoming Iraq Mega Projects event in Istanbul, Turkey this October 26 - 28th. Olive Group will be speaking at this reputable event, and will host several networking opportunities throughout the […]
National Overview The total number of officially reported hostile incidents nationally decreased slightly from 123 to 116. Baghdad again accounted for the largest proportion of incidents with hostile activity being characterised by assassinations of Iraqi Security Forces and Government of Iraq personnel rather than indiscriminate attacks. There was a notable decline in attacks from Shia […]
With gold recently hitting highs of nearly $1,400 per ounce, an armed raid on a row of goldsmiths' shops in Baghdad has left at least nine people dead. The gunmen used hand grenades and small arms to kill three gold shop owners in a market in the Mansour district of western Baghdad, an Interior Ministry […]
By Anthony J Permal, Online Communications Manager, IQPC Lafarge, the world’s biggest cement contractor, maintains a presence in Iraq because of its booming housing development market, yet other companies shy away from taking a piece of the multi-billion dollar construction pie. Sigma Paints, the coatings leader, sponsors investment meetings in order to partner with attending […]
Federal authorities say a U.S. Army engineer took hundreds of thousands of dollars in bribes for funneling Iraq reconstruction contracts to friends, building a $1.1 million mansion with the proceeds. John Alfy Salama Markus, 38, was arrested at his home on Wednesday and charged in New Jersey with money laundering and conspiracy to commit bribery […]
National Overview The total number of officially reported hostile incidents increased nationally by eight to 123. Baghdad again accounted for the largest proportion of incidents with hostile activity largely characterised by assassinations of Iraqi Security Forces and Government of Iraq personnel rather than indiscriminate attacks. With the government formation process finally starting to gain momentum […]
