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 […]
Iraq Offers Longer Credit to India
By John Lee. The head of refineries at Hindustan Petroleum (HPCL) has told Reuters that Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014. B.K. Namdeo added: "Iraq is very positive. They are willing to raise credit period to 60 days and waive […]
Schneider to Build Dhi Qar Power Plant
By John Lee. French company Schneider Electric has won a contract to build a power plant in Iraq. The 64MW plant will be built in the Nasir district in northern Dhi Qar province, near the stadium in the area. Schneider employs more than 140,000 people in over 100 countries. Last year revenues were $32bn. (Source: […]
Transas Supports Simulation Project in Basra
Basra's Arabian Gulf Academy For Maritime Studies will soon be able to offer its students a high-class hands-on training using three simulators from Transas: Engine Room simulator ERS 5000, GMDSS simulator and Radar/ARPA simulator. The simulators will provide trainees with a wide range of navigational and engineering skills. Engineers will acquire knowledge of operating an […]
Video: Shia Muslims Commemorate Ashura
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Shia Muslims are marking Ashura, the most revered religious event of their calendar. Millions have travelled to the city of Karbala in central Iraq, despite growing violence in the country. Al Jazeera's Imran […]
Video: Violence mars Ashura Celebrations in Iraq
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Dozens were killed in Iraq during one of the most holy days for Shiite Muslims. CNN's Mohammed Jamjoom reports:
Weekly Security Update 07 - 13 November 2013
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW The ebb and flow of violence continued in Iraq this week with many religious pilgrims targeted and killed by suicide bombers, predominantly in Baghdad and Nineveh provinces. Kurdish fighters have also continued to secure and fortify their positions in northern Syria and along the Iraqi border having […]
A Week of Contrasts in Iraq
Security incidents earlier this week at two sites in Southern Iraq have caused concern among oil companies and workers, and have prompted one company to issued force majeure notices to its customers. As a result of the disruption in the area, the Iraq Future Energy conference, scheduled to take place in Basra later this month, […]