Northrop Grumman Wins $13m Iraq Contract
By John Lee. Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded $13,561,913 modification (P00014) to a previously awarded contract (FA8617-21-C-6237) for contractor logistics support of Iraq's C-172 and C-208 fleets. The modification brings the total cumulative face value of the contract from $33,031,313 to $46,593,226. Work will be performed at Balad Air Base, […]
IBBC welcomes LARSA Security as New Member
From the Iraq Britain Business Council (IBBC): LARSA Security Services is an Iraqi security company registered in Iraq as a private company under the Iraqi ministry of interior and has obtained license number (164). LARSA is a pioneer in the field of private security and logistics. With a high level of skill, training, expertise, and […]
Turkey's Spymaster-Turned-FM could Reshape Iraq Policy
By Mehmet Alaca for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Turkey's Spymaster-Turned-Foreign Minister Could Reshape Iraq Policy While Turkey's new foreign minister may reshape its Iraq policy, Ankara will likely prioritize economic relations above all […]
Baghdad Building Boom "Fueled by Corruption"
By Louisa Loveluck and Mustafa Salim, for The Washington Post. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A building boom fueled by corruption is changing the face of Baghdad Twenty years after an American-led invasion plunged Iraq into conflict, a real estate […]
New Border Crossing between Iran and KRI
By John Lee. The Shoshme [Shushme] border crossing in Halabja has been opened. According to the KRG, the gate is open for tourist traffic between the Kurdistan Region of Iraq (KRI) and Iran. (Source: KRG)
With Iraq's New Budget, Baghdad "goes after Kurdish Oil"
By Joseph Daher for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. With Iraq's new budget, Baghdad goes after Kurdish oil Taking advantage of festering divisions within Kurdistan and the weakening of the KRG government, Iraq's central government has seized its […]
Iraq Improves Ranking in Global Peace Index
By John Lee. The Institute for Economics and Peace has ranked Iraq 154th out of 163 countries in its 2023 Global Peace Index. This represents an improvement of three places on last year's ranking. The report also estimates the economic impact of violence in Iraq at over $82 billion. The most peaceful countries were listed […]
Is Iraq's $17bn Road & Rail Mega-Project Feasible?
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 'Route of Development': Is Iraq's $17 billion road and rail mega-project feasible? Iraq's 'Route of Development' ["Development Road"; "Dry Canal"] is ambitious, but an unstable political and security […]
Will Sudani's 3-Yr Budget bring Stability to Iraq?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will Sudani's three-year budget bring stability to Iraq's economy? Almost five months after taking office, Iraqi Prime Minister Muhammad Shia' Al-Sudani (pictured) in March this year submitted a draft budget law […]
Full Text of Iraq Budget Law
By John Lee. Iraq's parliament has published the text of the Federal General Budget Law for the coming three years (2023, 2024 and 2025). The budget was ratified last week by President Abdullatif Jamal Rashid. Click here to download (Arabic) (Source: Iraqi Parliament)
UN Awards New Contracts in Iraq
By John Lee. The United Nations (UN) Secretariat has awarded two Iraq-related contracts recently: Construction of marketplaces in Sinjar City, Nineveh Governorate: Granted to RUBAR For General Contracting Ltd.. Contract value $124,434; Supplying and installing handwash units for public areas in Sinjar and Sinuni Districts: Granted to Bab Al Karama for General Contracting Ltd.. Contract […]
ATFX Launches Ops in Iraq with Ashur Bank
By John Lee. UK-based online trading and foreign exchange company ATFX has announced the start of operations in Iraq, in partnership with Iraq's Ashur Bank. The agreement was signed in Jordan by Joe Li, Global Chairman of ATFX, and Ziad Fatayer, the CEO of Ashur Bank. Speacking at the event, Managing Director of ATFX Levant, […]