WesternZagros Secures Additional Funding
By John Lee. WesternZagros Resources has announced that it has entered into an investment agreement with Crest Energy International LLC, under which Crest will purchase, through a non-brokered private placement, 51,000,000 Common Shares in the Company at $1.25 per share for gross proceeds of $63.75 million. This price represents an approximate 25 percent premium to […]
Ericsson Wins Iraq Network Expansion Deal
By John Lee. Swedish telecom company Ericsson has been selected to expand the Iraqi Telecom and Post Company's (ITPC) wireline network with a transition to next generation network. According to a report from Trade Arabia, the partnership strengthens the five-year relationship between the companies and positions Ericsson as the sole supplier for ITPC’s core network. […]
Iraqi Politician Attacks "Central Bank Corruption"
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The controversial Iraqi Sunni politician Ahmed al-Alwani, who is president of the Economic Commission in the Iraqi parliament, ridiculed the notion that if Anbar province gains autonomy, its economy will be […]
Video: Billions of Dollars Wasted in Iraq
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after the US-led invasion of Iraq, and despite USD 60 billion in taxpayer funds for development, the country is still unstable and according to Stuart Bowen, US Special Inspector General […]
US Embassy Commemorates Int'l Women’s Day
In commemoration of International Women’s Day, the U.S. Embassy in Baghdad hosted a reception on March 10 to discuss challenges facing women and girls in Iraq and efforts of the U.S. and Iraqi governments and civil society to address these challenges and promote the status of women in Iraq. Iraqi government figures, civil society leaders, […]
De-Baathification in the Iraqi Provincial Elections
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
Amnesty International: Torture in Iraq
Ten years after the US-led invasion that toppled the brutal regime of Saddam Hussein, Iraq remains enmeshed in a grim cycle of human rights abuses, including attacks on civilians, torture of detainees and unfair trials, said Amnesty International in a new report out today. A decade of abuses exposes a chronology of torture and other […]
KRG Minister Signs Barzan Water Projects
By John Lee. The KRG Minister of Municipalities and Tourism recently signed an agreement with ARGE Company; the ceremony was attended by Governor of Hawler, General Consul of Turkey in Hawler (Erbil), general director of water for Erbil province, the Mayor of Mergasor and the manager of implementing company. Later in a press conference the […]
Mosul’s Automotive Alchemist turns Vintage Cars into Gold
By Saleh Elias. 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. An old Mosul mechanic is shocking locals by restoring scrapped, vintage cars and making lots of money. The aging mechanic even talks to the vehicles to […]
US-Sponsored Microscholarship Program Celebrates Grads
On March 2, 2013, the U.S. Embassy with implementing partner Iraqi Green Peace Organization (IGPO) celebrated the graduation of 48 English Access Microscholarship Program scholarship recipients. Deputy Chief of Mission (DCM) Douglas Silliman and Mr. Samir Al‑Badrawi, Director of IGPO, congratulated the graduates and presented their certificates of completion. Dr. Mahdiya Abed Hasan, Baghdad Council […]
Iraq to Pay $60m to Egyptian Workers
By Matthew Gayle. Egyptian Prime Minister Hesham Qandil has announced that a settlement has been made on the unpaid pension funds worth $60 million for Egyptian workers that once worked in Iraq. According to the Egypt Independent, over 450,000 Egyptian families will benefit from the settlement. The settlement was reached during a high-level meeting between […]
$13m Detained Ceylon Tea Arrives In Iraq
By Matthew Gayle. According to Lanka Business Online, approximately 100 containers of Ceylon tea from Sri Lanka started arriving in Iraq two weeks after a meeting between trade and commerce ministers from both countries. The containers, worth an estimated $13 million, were detained at the Iraq-Kuwait border, Aqaba Free Trade Zone of Jordan, and Umm […]