Alliant continues support to Iraqi Air Force's Cessna Fleet
By John Lee. Northrop Grumman, doing business as Alliant Techsystems Inc., Fort Worth, Texas, has been awarded a $15,152,856 firm-fixed-price modification (P00061) to contract FA8106-16-C-0004 for contractor logistic support for the Iraqi Air Force's Cessna 208 and 172 fleet. Work will be performed in Balad Airbase, Iraq, and is expected to be completed June 30, […]
Sweden Increases Funding to UNHCR in Iraq
Unearmarked funds from the Kingdom of Sweden help UNHCR meet the changing needs in Iraq UNHCR welcomes the recent contribution of 9 million Swedish Krona (~ USD 1 million) towards UNHCR's protection and assistance programmes to support vulnerable displaced persons in Iraq. This is in addition to the 10 million Swedish Krona (~USD 1.17 million) […]
Daewoo in $2.6bn Iraq Port Deal
By John Lee. The Iraqi cabinet has authorised the Director General of the General Company of Iraqi Ports to sign a contract with the South Korean company Daewoo to construct the first phase of the Al-Faw Great Port project in Basra. The project will be supervised by the Italian consulting company Technital. Reuters reports that […]
Major Housing Projects planned for 2021
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar, has said that the coming year will see investment opportunities in each Iraqi province, similar to the Bismaya City housing project in Baghdad. She made the announcement at a recent meeting with the heads of the provincial investment commissions of Kerbala, […]
General Dynamics awarded Iraq Defense Contract
By John Lee. General Dynamics Land Systems has been awarded a $15,509,730 cost-plus-fixed-fee contract for contractor logistics support services for M1A1SA Abrams tanks and M88A1/A2 recovery vehicles in Iraq. Bids were solicited via the internet with one received. Work will be performed in Camp Taji, Iraq, with an estimated completion date of Dec. 31, 2022. […]
Price Hikes follow Iraqi Dinar Devaluation
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Price hikes at Sulaimani market following dinar devaluation Traders in Sulaymaniya (Slemani) say the devaluation of the Iraqi dinar is driving up prices for local shoppers. Click here to read the full story. (Picture […]
COVID: Iraq Closes Land Borders, Restaurants
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq closes land borders, restaurants with new anti-virus measures The Iraqi government announced a series of strict measures to combat COVID-19 on Tuesday. All land border crossings, restaurants and malls will […]
Iraq's Cabinet approves Draft Budget
By John Lee. The Iraqi cabinet has approved the draft budget for 2021. According to Reuters, the budget of 150 trillion Iraqi dinars ($103 billion) is based on an oil price of $42 per barrel, and will result in a deficit of 63 trillion dinars ($43 billion). Rudaw puts the deficit at 58 trillion dinar […]
Iraqis Protest against Dinar Devaluation
By John Lee. Rudaw reports that hundreds of people protested in Baghdad's Tahrir Square demanding that the government reverse its decision to devalue of the Iraqi dinar against the US dollar. According to The Arab Weekly, the devaluation sparked panic across the country, as people rushed to buy dollars or stock up in supermarkets before […]
IMF Recommendations on Iraq
From the International Monetary Fund (IMF): IMF Staff Completes 2020 Article IV Mission with Iraq End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the […]
Iraq's Economic Collapse: Biden's First Foreign-Policy Headache?
By Farhad Alaaldin and Kenneth M. Pollack, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Economic Collapse Could Be Biden's First Foreign-Policy Headache If the Iraqi government fails to pay state workers' salaries in January, it could lead to […]
Despite PM's Promises, Disappearances Continue in Iraq
By Belkis Wille, for Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Despite Prime Minister's Promises, Disappearances Continue in Iraq Since I started covering Iraq for Human Rights Watch in 2016, enforced disappearances have been one of my main areas […]