Iraq's Defunct Military Industry
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Military Industry Commission (MIC) has a tragic story. Iraq developed its local military industry during the Iran-Iraq War, but in 1991, the international coalition — which was established in 1990 […]
Arson Being Used to De-Stabilize Farms?
By Mohammed al-Zaidi. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Mysterious Fires of Wasit: Arson Being Used to De-Stabilize Iraqi Farms? A recent rash of farmland fires in Wasit province has seen accusations go flying. Is […]
GKP Directors Step Down, Shares Fall Further
By John Lee. Gulf Keystone Petroleum (GKP) has announced that three of the company's Non-Executive Directors are to quit their positions. V Uthaya Kumar has resigned from the Board on 2 July 2015, while Dr. Joseph Stanislaw and Maria Darby-Walker have decided to not seek re-appointment and will retire from the Board on the day […]
More Iraq Business for SOS Int'l
By John Lee. SOS International (SOSi) of, Reston, Virginia, has been awarded a $100-million firm-fixed-price incrementally funded contract with options for base life support, Camp Taji, Iraq. Work will be performed in Iraq with an estimated completion date of June 30, 2018. One bid was solicited with one received. The company has previously been involved […]
Oil Export Data from KRG, June 2015
The Kurdistan Regional Government has published its Monthly Export Report for June 2015. The Kurdistan Regional Government (KRG) exported 17,130,639 barrels of crude oil (an average of 571,021 barrels per day (bpd)) in the month of June through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by […]
Airstrikes Hit ISIL in Syria, Iraq
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the latest strikes, which took place between 8 a.m. Wednesday and 8 a.m. Thursday, local time, noting that assessments of results […]
Security Situation Weighs on Iraq's Economy
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi army, backed by the Popular Mobilization Units, has been engaged in war for more than a year now against the Islamic State (IS, ISIS, ISIL). There do not seem to […]
Will Iraqi Kurdistan Ever Get New Constitution?
By Alaa Latif. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Fighting About Religion and Power: Will Iraqi Kurdistan Ever Get It's New Constitution? Iraqi Kurdistan is now working on re-drafting its Constitution. It would define the region […]
Standard Chartered Appoints New Iraq CEO
By John Lee. Standard Chartered Bank has appointed Andreas Meletiou as its Chief Executive Officer for Iraq. Meletiou will split his time between Dubai and Baghdad, and has replaced Gavin Wishart, who has reportedly left the bank. The new CEO previously worked on developing the bank's strategy for entering Iraq in 2013, and was regional […]
KRG to set up Foreign Loans Committee
Kurdistan Region Council of Ministers on Tuesday held its ordinary meeting, chaired by Prime Minister, Nechirvan Barzani and attended by Deputy Prime Minister, Qubad Talabani. Prime Minister Barzani shed light on the latest developments in the relations between Kurdistan Regional Government, KRG, and the Iraqi Federal Government, highlighting the differences between the two sides over […]
Belarus, Iraq in Talks on Healthcare
By John Lee. The Ambassador of Belarus to Turkey and Iraq (non-resident), Andrei Savinykh, is paying a working visit to Baghdad this week. On 1 July he held meetings with Iraqi Minister of Health, Adila Hammoud Hussein, and with the Iraqi Foreign Ministry. During the meeting with Adila Hammoud Hussein the parties discussed the possibility […]
Iraq Bans Poultry Imports from US
By John Lee. Iraq has joined more than 30 countries in banning poultry imports from the United States because of bird flu, following the worst outbreak of avian influenza in US history. Bloomberg reports that the ban, announced on Wednesday, is to last for three months. Figures from the US Department of Agriculture (USDA) show […]