US Man Jailed for Iraq Generator Theft
By John Lee. A US man who helped steal two 10-ton electrical generators from a military base in Iraq in four years ago has been sentenced to three years in prison and ordered to pay $352,111 in restitution. Ruebin S. Thomas, a former civilian contractor, had pleaded guilty to stealing the two generators from the […]
Iraqi Children Foundation (ICF) Fundraising Video
Building on the theme of UTN1’s music video “While We Can,” the Iraqi Children Foundation (ICF) is launching a year-end fundraising campaign to raise $15,000 for food, tutoring, and a safe place for Iraqi orphans and street children to go during the day. After 10 years of war in Iraq, bombings and killing are on […]
Doubt Surrounds Satarem-Missan Refinery Deal
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Recent information on Satarem sheds serious doubt about its prospects and ability for executing the Missan Refinery project. Iraq’s Ministry of Oil signed, in the presence of the Prime Minister Mr. Nuri […]
Iran Ups Electricity Exports to Iraq
By John Lee. Iran is to increase its electricity exports to Iraq by an additional 500MW. According to a report from PressTV, the Iranian Energy Minister Hamid Chitchian (pictured) said: “The first outcome of these accords is the increase of electricity exports by 500 megawatts (MW) in addition to previous agreements reached with the country .... […]
New 25-Storey Hotel for Basra
By John Lee. The Basra Investment Commission has reportedly approved a number of projects including the construction of a 25-storey hotel and a shopping mall. According to a report from Zawya, Commission Chairman Ali Gasib said the luxury hotel would be located near the Shatt Al Arab river, while the shopping facility would be situated […]
Video: Day of Deadly Bombings
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. At least 92 people have been killed and 161 wounded in a string of deadly attacks across Iraq, security sources told Al Jazeera, in attacks mostly targeting Shia Muslims, who mark a big […]
Cihan Bank Plans $100m Fund
By John Lee. Erbil-based Cihan Bank, a privately-owned Islamic bank, is about to launch a $100 million investment fund focused on opportunities in Iraq, and is planning to expand its operations in the UAE. Vice-Chairman Nawzad Yahya Bajger told Gulf News: “Currently, we have an office in Dubai. We are seeking to establish a representative […]
Iraqi Authorities Fail to Protect Journalists
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Dec. 8, the body of Yasser Faisal al-Jumaili, an Iraqi photojournalist who was executed by al-Qaeda in Syria, arrived in Fallujah. Only one day before the arrival of the body, […]
Govt Rejects Plans for Women’s Shelters
By Amal Sakr for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "Living in a jungle ruled by men." This is how Dahaa al-Rawi, the chair of the Women's Committee in the local Baghdad government, described the status of women in Iraq. Women […]
Development Work to Begin in Kut
By John Lee. A Malaysian firm has won a 71-billion Iraqi dinar ($61-million) contract to develop the southern area of Kut in Wasit [Wassit] province, according to a report from Al-Shorfa. Wasit governor Mahmoud Talal said: "The contract includes developing and rehabilitating the southern neighbourhoods of town by developing and paving streets and implementing water, […]
Hitachi Wins $240m Desalination Contract
Hitachi today announced that it has received "a comprehensive order" from the Iraqi Ministry of Municipalities and Public Works for the engineering, procurement, and construction (EPC) of a large-scale water treatment desalination plant in Basra. The winning consortium consists of three companies: Hitachi, OTV (a water processing plant manufacturer and subsidiary of the French environmental […]
Iraq Rejects all Rice Offers
By John Lee. Reuters reports that Iraq's grain board has rejected all offers in an international tender to buy at least 30,000 tonnes of rice on Friday. The tender closed on Sunday and offers had to remain valid until Thursday. According to traders, the lowest offer was $725 a tonne c&f free out (ciffo) for […]