GardaWorld keeps $1.2bn Baghdad Embassy Contract
By John Lee. Virginia-based security firm SOC LLC has failed in its attempt to challenge the awarding of a $1.2-billion contract for security services at the US embassy in Baghdad to rival GardaWorld. According to a decision from the US's Government Accountability Office (GAO), four proposals were received for the work, and the Department of […]
Iraqi PM pushes Basra Desalination Project
By John Lee. The Prime Minister, Mr. Muhammad Shia Al-Sudani, has chaired a meeting this week discussing the sea water desalination project in Basra Governorate. During the meeting, they discussed "the acceleration of contracting and financing mechanisms." The Prime Minister affirmed the government's intention to involve reliable international companies in the implementation of the project. […]
Al Sadr takes aim at LGBTQ Community
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Sadr takes aim at LGBTQ community Leader of the Sadrist movement Muqtada al-Sadr made the headlines again in Iraq by announcing his opposition to homosexuality, several months into […]
Iraqi Cabinet authorises more Fertiliser Purchases
By John Lee. The Iraqi government has authorized the Minister of Agriculture to purchase 60,000 tons of DAP (di-ammonium phosphate) fertilizer, at a price not exceeding 1,550,000 dinars per ton, an additional quantity previously contracted at 90,000 tons, from the Ministry of Industry. It describes this as being an exception to the stipulated contracting methods. […]
"Sudani Is a General Manager": How Militias view Iraq's New PM
By Hamdi Malik for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. "Sudani Is a General Manager": How Militias View Iraq's New Prime Minister Militia leaders have stated that his authority will be limited to technocratic and […]
Iran-linked Militia in Iraq threatens Saudi Arabia
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran-linked militia in Iraq threatens Saudi Arabia as Iraqi PM visits Tehran Kataib Hezbollah are calling for more attacks on Saudi Arabia amid wrangling over who should protect the […]
IMF says 8 Percent Real GDP Growth in Iraq
Iraq: Staff Concluding Statement of the 2022 Article IV Consultation Mission: A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or 'mission'), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles […]
Foundation Stone laid for first British University in Erbil
KRG Prime Minister Masrour Barzani laid the foundation stone for the British campus of the University of London in Erbil. Prime Minister Barzani stated the Kurdistan Regional Government's (KRG) Ninth Cabinet has prioritized developing its education sector and highlighted the efforts taken to expand and evolve academic studies across the Kurdistan Region. "I am pleased […]
Contract Signed for New Solar Power Station in Erbil
The KRG's Minister of Electricity, Kamal Mohammed, signed a contract with with "Pluto Otto Cycle company" on Monday to build a solar power station in Erbil province. The minister signed the deal with the company to set up a 25-megawatt solar power station. The project will be implemented within 90 days and will produce 25 […]
iQ becomes First Official Partner of Tencent in Iraq
Today, iQ proudly reveals its groundbreaking partnership with Tencent. In a bid to improve gaming latency and establish itself as a telecommunication pioneer, iQ has become the gaming publisher's first partner in Iraq, as well as one of its few partners in the region. iQ will provide Tencent with powerful servers and unmatched connectivity to […]
Tabaqchali: Supermarkets and Stability
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Market Report: Supermarkets and Stability The market, as measured by the Rabee Securities RSISX USD Index, was down 4.2%, and down 2.9% for the year. The […]
KRG's New e-Procurement Portal Launched
KRG Prime Minister Masrour Barzani has welcomed the launch of the KRG's first e-procurement portal, introducing transparency and accountability to public tenders in ways that bring more efficiencies to public finances; support the emergence of small and medium businesses, and allow us to incubate new industries to accelerate our reform agenda. In a statement, the […]