Arab Wings Wins Iraq Gate Contract
A Jordanian company has reportedly won the management contract for Iraq Gate, the first private jet company with an air operator’s certificate (AOC) in Iraq. Ahmad Abu Ghazaleh, CEO of Arab Wings, which is part of the privately-owned International Wings Group (IWG), said: “We established and now manage an Iraqi AOC, a company called Iraq […]
Video: Iraqi Kurdistan backs Turkey Peace Efforts
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The president of Iraqi Kurdistan has called on Turkey's Kurds to back a flagging peace process with Ankara, in a show of support for Prime Minister Tayyip Erdogan's bid to overcome a three-decade […]
Oil Industry Loopholes Threaten Kurdistan’s Environment
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. Legal Loopholes in Oil Industry Threaten Iraqi Kurdistan’s Environment The region of Iraqi Kurdistan is brimming with untapped oil resources. And multi-national oil companies know it. But because of […]
World Bank Involved in Bank Restructuring
By John Lee. The acting Finance Minister, Ali Yousef Shukri (pictured), is reported to have held a meeting with a representative of the World Bank to discuss the restructuring of the state-owned banks in Iraq. According to the report from NINA, the discussions related particularly to the Rasheed and Rafidain banks. (Source: NINA)
Iraqi Rice Planting Below Target
By John Lee. Oryza reports that Iraq’s rice planting, at around 80,000 hectares, is 24 percent below the Ministry of Agriculture target of 106,000 hectares. According to the USDA, Iraq is expected to produce about 180,000 tons of rice (milled basis) in 2013-14, and import around 1.4 million tons to meet domestic demand. Iraq imports about […]
Turkey's Approach Toward Shiites will Reduce Sectarianism
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey's Approach Toward Iraq's Shiites will Reduce Sectarianism For the first time in modern Turkish history, a high-ranking Turkish official, Foreign Minister Ahmet Davutoglu (pictured), visited the Shiite holy cities of Najaf […]
Zaha Hadid to Design Parliament Building
By John Lee. Zaha Hadid has reportedly been chosen to design the new £630-million Iraqi Parliament building in Baghdad. According to Architects Journal, Zaha Hadid Architects (ZHA) landed the project despite coming third in a design contest for the prestigious building, which was won by London-based Assemblage. It is understood that the company has been working […]
Iraq Firm Pays $2.7m in Settlement
By John Lee. The US Department of Justice has said that an Iraqi construction company has paid $2.7 million to resolve allegations that it bribed a former US Army Corps of Engineers (USACE) official to win contracts in Iraq. Iraqi Consultants and Construction Bureau (ICCB), headquartered in Baghdad, had reached the settlement of alleged violations […]
In Karbala, Religious Grief Translates to Big Business
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. It is traditional for Shiite Muslims to wear mourning black around Ashura, a memorial day commemorating the death of one of their sect’s most important icons. But while some […]
Iraq: Waiting for Salvation Day
By Laith Hammoudi. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News Mohammed Abid is waiting for an email from the […]
Video: Turkey, Iraq Locked in Water Row
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey and its neighbours, Iraq and Syria, have been in dispute over water for five decades. Iraq and Syria accuse Turkey of using more water than it should, while Ankara says the other […]
Iraq gets First Shipment of Russian Helicopters
By John Lee. World Tribune reports that Iraq has received its first shipment of Russian Mi-35 attack helicopters. Part of a $4.3-billion deal with the Kremlin, the helicopters are regarded as some of the most advanced in the Russian military. “Iraq expects to see a consignment of around 40 Mi-35 and Mi-28NE attack helicopters by the […]