KAI wins $360m Contract with Iraqi Air Force
By John Lee. Korea Aerospace Industries (KAI) has announced a contract worth $360 million from the Iraqi Air Force. Under the deal, KAI will provide logistics support, education and training for the T-50IQ aircraft over a three-year period, starting January 2022. The T-50IQ Fighting Eagle light fighter and trainer aircraft is the Iraqi Air Force […]
Successful Handover of Mheila Water Treatment Plant
By John Lee. Lebanese-based Khatib & Alami (K&A) has announced the successful handover of the Mheila Reverse Osmosis Water Treatment Plant (WTP) on the banks of Basra's Shatt al-Arab river, with a capacity of 72,000 m³/day. The plant is the first of its kind in the region because it's reverse osmosis system enables flexible operation […]
Enhancing Services to Women and Girls in Anbar
UNFPA, Anbar Governorate Sign Framework to Enhance Services to Women and Girls UNFPA Representative to Iraq, Dr Rita Columbia, and the Governor of Anbar, Mr Ali Farhan Al-Dulaimi, signed a Joint Cooperation Framework on Sunday to increase access to services responding to gender-based violence and protecting women and girls in Anbar. The agreement will be […]
Boss of Iran's Quds Force "backs Kadhimi"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: Quds Force cmdr backs Kadhimi, warns Iraqi allies Less than 24 hours after the targeting of Iraq's Prime Minister Mustafa Al-Kadhimi in an "assassination attempt," the commander of Iran's Quds Force […]
Iraqi Market Review: "Continued Momentum"
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. The market, as measured by the Rabee Securities RSISX USD Index, was up 2.4%, and 25.7% for the year. While 10 months do not make a year, […]
Iraq Cuts its Basra Light Crude Oil Blend
By Gerald Jansen, for Oil Price. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Cuts Its Once-Popular Basrah Light Crude Oil Blend When Iraq introduced Basrah Medium into its portfolio of crude grades, it was believed that a stricter delineation of qualities […]
UK Company to support Mine Action in Iraq
By John Lee. The UK-based Humanitarian Academy for Development (HAD), a business unit of Islamic Relief Worldwide (IRW), has won two contracts with the United Nations Office for Project Services (UNOPS) in Iraq: Lot 1: Residential certified Project Management Course, delivered to Directorate for Mine Action (DMA) in Baghdad. Contract value $21,738; Lot 2: Residential certified […]
Ten Years Jail for Iraqi Real Estate Fraud
By John Lee. Nineveh Criminal Court has sentenced the former director of Real Estate Registration and his assistants to ten years in prison for fraud relating to property belonging to Mosul Municipality Department. The court issued a sentence of temporary imprisonment for ten years in accordance with article (289) of Penal Code No.(111) of 1969 […]
Iraqi PM Survives Assassination Attempt
By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi escaped uninjured in an assassination attempt at his home in Baghdad's Green Zone on Sunday. A drone carrying explosives was used to carry out the attack, which has been condemned by Iraqi politicians and world leaders. Al-Kadhimi was previously Iraq's head of intelligence before becoming prime minister […]
IFC, NBI boost access to Finance for SMEs, Create Jobs
IFC, National Bank of Iraq Partner to Boost Access to Finance for SMEs, Create Jobs To support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions, the International Finance Corporation (IFC) has announced an investment for the National Bank of Iraq (NBI). IFC's $10 million […]
Iraq Ratifies Paris Agreement on Climate Change
By John Lee. Iraq has officially ratified the Paris Agreement on Climate Change. The Agreement will enter into force for Iraq on 1st December 2021. The Paris Agreement is an international treaty on climate change, adopted in 2015. It aims to keep the rise in mean global temperature to well below 2 degrees Celcius above […]
Election Protesters Injured
By John Lee. More than two dozen people are reported to have been injured on Friday in clashes in Baghdad between Iraqi security forces and people disputing the results of October's general election. Police used tear gas to disperse protesters rejecting the results of the election. Prime Minister Mustafa Al-Kadhimi has ordered an investigation into […]