Rail Company Accuses Govt Officials of Corruption
The Iraqi Railway Company accused government officials on Sunday of attempting to open up the transport system to private companies for personal gain through the suspension of the national transport law that was passed by the Ba'ath regime. Spokesperson for the company, Jawad al-Kharsani, told AKnews that the law meant that government ministries were required […]
Iraq Needs Strategies to Improve Prospects for Youth – UN Envoy
The top United Nations envoy for Iraq has called on the country's authorities to develop a vision as well as strategies to improve the economic and social prospects for its young people, noting that a number of youth development indicators in a new report are of concern. The Youth Status Analytical Report found high illiteracy […]
Slovenia's Foreign Minister Visits Kurdistan
Slovenia’s Foreign Minister Samuel Žbogar yesterday on his first visit to Kurdistan and Iraq met President Masoud Barzani and Kurdistan Regional Government ministers. On a two-day visit as part of an official trip to Iraq, Minister Žbogar and President Barzani discussed the current political and economic developments in the Kurdistan Region and Iraq as a […]
190 Dept of Labour Employees Investigated
General Inspector’s office at Ministry of Labor and Social Affairs said 190 employees, including four directors, will be investigated on charges of financial corruption. The Integrity Commission will investigate the allegations and if they find sufficient evidence the employees will be sent to court, General Inspector Hammed al-Zaidi, told AKnews. All are suspected of 'money […]
Iraq's Central Bank Considers New Currency
Iraq’s Central Bank says the country is in need of a new currency in which the current zeros are removed to facilitate commercial transactions, according to Azzaman. The bank's Governor, Sinan al-Shabibi, said he was in talks with the prime minister, Nouri al-Maliki, on how to go ahead with the bid to issue currency with […]
AlBaraka Bank 'to Open a Branch in Erbil'
The Turkish AlBaraka Bank will open a branch in Erbil in August, according to a report from Turkish Weekly. It would be Albaraka's first branch in a foreign country. "The Erbil branch will contribute to bilateral relations between Iraq and Turkey," Albaraka's director general Fahrettin Yahsi said. There have been reports of AlBaraka opening an […]
360 Architecture Wins 2 Iraqi Stadium Contracts
To help rebuild and reunite its country, Iraq has embarked on a plan to create a nationwide network of internationally competitive athletic venues. For assistance, the country has turned to the design-build team of Anwar Soura General Contracting Company and 360 Architecture, along with its global team of consultants. The Anwar Soura/360 Architecture team is […]
Iraqiyya Tries to Clear the Air on Federalism
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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Etihad to Increase Services to Erbil
Etihad Airways, the national airline of the United Arab Emirates, will double its flights from Abu Dhabi to Erbil at the beginning of September. The current twice-weekly service will increase to four services per week, complementing Etihad's daily operation to its other Iraqi destination, Baghdad. Etihad commenced two-class Airbus A320 operations to Erbil in June […]
Ex-USACE Workers Charged with Iraqi Corruption
Bloomberg reports that three former employees of the U.S. Army Corps of Engineers (USACE) have been charged along with two other men with participating in a bribery and kickback scheme involving more than $50 million in Iraqi contracts. The indictment unsealed on Thursday in federal court in Newark, New Jersey, [U.S. v. Markus, 11-cr-366, U.S. […]
New Water Project Opened in Baghdad
Baghdad Governorate inaugurated a new water project on Thursday, reports Aswat al-Iraq. The Zuhoor water project in the Husainiyah area of Baghdad, has a production capacity of 800,000 cubic meters per hour, and a cost of 5 billion Iraqi dinars [4 million dollars], according to a statement issued by the Governor's office. The project will […]
MRC Announces New Tenders
Midland Refinery Company announces the below tenders: -Spare Parts -Spares For Volvo Construction Equipment -Jointing & Packing Sheet Gasket -Spares For Mechanical Seals -Motor -Turbine Spares Please click on the above links for further information.