US Firm Wins $11m IT Contract in Iraq
By John Lee. Florida-based NIC4 Inc., a division of Network Innovations Group, has been awarded an $11,611,032 firm-fixed-price contract for supplies and services to deliver network operations center equipment, software licenses and extended warranty coverage, and to provide installation services, support services and training for the government of Iraq. Bids were solicited via the internet […]
Solar Power "Remains a Mirage" in Iraq
By Noam Raydan and Harry Istepanian, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite scorching heat, solar power remains mirage in Iraq Iraq has suffered from a lack of electricity generation capacity following the US-led invasion of 2003 as well […]
How Iraqi Officials make Millions in 'Cash for Jobs' schemes
By Ahmed Maher, for The National. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq corruption: how ministry officials make millions in 'cash for jobs' schemes A part-time job with a temporary contract in Iraq's Industry and Minerals Ministry cost mechanics graduate Yasmine $1,000. […]
The Economist: "Iraqis are getting fed up with Iran"
From The Economist. Iraqis are getting fed up with Iran Iranian-backed militias still hold sway in much of Iraq. Many were involved in the violent suppression of anti-government protests that erupted in 2019. Lately, though, they have lowered their profile. Read the full article here (subscription needed).
Iraqi Diaspora Mobilization and the Future Development of Iraq
By Dr. Oula Kadhum, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Static Budget Process Iraqi diaspora mobilization and the future development of Iraq, authored by Dr. Oula Kadhum, explores Iraqi diaspora mobilization before and after the 2003 […]
Broadening Negotiations Could Help Resolve Kuwaiti-Iraqi Maritime Dispute
By Bader Al-Saif, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Think Big: Why Broadening Negotiations Could Help Resolve the Kuwaiti-Iraqi Maritime Dispute Kuwait and Iraq have worked hard to rebuild bilateral ties. Resolving their maritime dispute as […]
Iraq's UR Airlines adds to Fleet
By John Lee. Iraq's UR Airlines has reportedly added a B737-300 to its fleet. According to ch-aviation, the 21-year-old Boeing joins the company's only other aircraft, a B737-400. More here. (Source: ch-aviation)
Iraq receives First Delivery of Vaccines through COVAX Facility
Iraq receives the first delivery of COVID-19 vaccines through the COVAX Facility Amid a global shortage of COVID-19 vaccines, Iraq has finally received 336 000 doses of AstraZeneca COVID-19 vaccine through the COVAX Facility, a partnership co-led by Coalition for Epidemic Preparedness Innovations (CEPI), Gavi - The Vaccine Alliance and the World Health Organization (WHO), […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th March 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD914 (-4.0%) / $812 (-3.3%) (weekly change) (+26.0% and +22.5% YTD change, respectively). The number of week traded […]
Fitch Upgrades Outlook on Iraq to "Stable"
By John Lee. Fitch Ratings has revised its outlook on Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'B-'. More here. (Source: Fitch)
Cabinet approves $480m Drilling Deal in Southern Iraq
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet approved a bid from Schlumberger to drill 96 wells for the Basra Oil Company (BOC) and ExxonMobil. The company has previously worked at ExxonMobil's West Qurna 1 field in southern Iraq. […]
GKP Resumes Kurdistan Investment Programme
Gulf Keystone Petroleum (GKP) has announce the resumption of the Company's growth plans to ramp-up gross production towards 55,000 barrels of oil per day ("bopd"). Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "After a year of successfully managing the impact of COVID-19 on our people and production operations at Shaikan, we are pleased […]