F-16 Delivery "on Track"
By John Lee. Reuters reports that the delivery of F-16 fighter jets to Iraq is "on track" for next autumn. An American official told the news agency, on condition of anonymity, that Iraqi pilots are in training, and Iraq recently paid an instalment of roughly $650 million for the jets. Iraq signed a new contract […]
Zebari Receives Belarusian Delegation
By John Lee. Minister of Foreign Affairs, Hoshyar Zebari, recently received the Undersecretary of the Belarusian Ministry of Foreign Affairs, Valentine Rybakov, and the Head of the of Africa and Middle East Department at the Belarusian Ministry of Foreign Affairs, Igor Alexandrevich. The meeting discussed relations between the two countries and strengthening political, economic, trade, […]
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The Iraq Club is a business-focussed forum run by people who understand the nature of doing business in Iraq. This exclusive network brings together senior professionals to share experiences of working in Iraq’s energy and construction sectors. Our guests make connections that will help them solve the particular challenges they are facing in country. Please note […]
New UK Boost for Arab Businesses
Businesses across the Middle East and North Africa will get a £4.5 million boost from the UK, Prime Minister David Cameron announced at the World Islamic Economic Forum on Tuesday. The UK’s funding to the Nomou business fund will be matched by the Shell Foundation to support ‘missing middle’ businesses - those too large for […]
Genel Issues Interim Management Statement
By John Lee. Shares in Genel Energy closed the day unchanged on Wednesday following the issueing of its Interim Management Statement for the period from 01 July 2013 to 29 October 2013. The Company will announce its full year 2013 Trading Statement and Operational Update on 15 January 2014. Full year 2013 results will be […]
GKP Launches Convertible Bonds
By John Lee. Gulf Keystone Petroleum (GKP) announced today the launch of an offering of senior unsecured convertible bonds which will be issued in a principal amount of US$ 50 million. The New Bonds are to be issued on the same terms (save for the issue price) as, and shall be consolidated and form a […]
Chinese Clothing Imports on the Rise In Iraq
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abu Ahmad blows puffs of smoke from his cigarette into the air while standing in front of a pile of used clothes he has spread out on the ground in Bab […]
Polish Delegation Visits Erbil
A Polish delegation headed by the Director of the Department of Economy from the Marshal Office of the Wielkopolska Region, Beata Joanna Łozińska, met with the Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, to discuss ways of furthering bilateral relations between Kurdistan and Poland. The meeting was also attended by the […]
Kurdistani Police and Children: Policing Future (Great) Citizens
By Ala Jaff. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kurdistani Police and Children: Policing Future (Great) Citizens, Not Today’s Criminals While the police services in Kurdistan are moving at groundbreaking speed in terms of police “reform”, there is still much needed progress when […]
Changing World, New Relationships - the World Islamic Economic Forum
By Madeleine White, capacity building and communications specialist. Changing World, New Relationships - a Message from the World Islamic Economic Forum in London I am at the opening session of the 9th World Islamic Economic Forum in the Excel conference centre London. Before me are 16 world leaders - from HM King Abdullah II of Jordan, to […]
Basra Children’s Hospital gets New MRI
By Nathan Herring. The installation of a new MRI at the Basra Children’s Hospital in Iraq brings the facility one step closer to diagnosing and treating childhood cancer, one of the leading causes of death in Iraqi children. The U.S. Army Corps of Engineers (USACE), Middle East District oversaw the MRI project and the construction […]
Former Marine Jailed for Iraq Bribery
By John Lee. A former Marine has been sentenced to five years and three months in federal prison for his role in corruption in Iraq. LA Times reports that former staff sergeant Gilbert Mendez is the 10th Marine who was stationed at Camp Fallouja to be convicted of corruption or fraud-related offensives. Mendez, who served […]