US Firm wins $15m Iraq Training Deal
By John Lee. Spartan Air Academy Iraq LLC, Irving, Texas, has been awarded a $14,769,952 firm-fixed-price modification (P00006) to contract FA8617-20-C-6232 for the Iraq T-6A contractor logistics support and training maintenance program. The modification provides for the exercise of an option to extend the term of the contract for the continued services needed in order […]
Covid-19: Iraqi Govt announces New Measures
By John Lee. Prime Minister Mustafa Al-Kadhimi chaired on Monday a meeting in Baghdad of the Higher Committee for Health and National Safety. At the start of the meeting, the Prime Minister told the Committee that the coronavirus pandemic challenge facing Iraq is unprecedented, and that this challenge has been exacerbated by cumulative past administrative […]
Empowering Iraqi Women in Business
By Safa Fadhil, Head of Exploration and Sundus Abass, Gender Advisor at UNDP Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. This year marks the 20th anniversary of the UN Security Council (UNSCR) Resolution 1325, which helps to ensure women are on the […]
New Investment Opportunity in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Construction of a Housing Compound, NIC (Source: National Investment Commission)
Celebrating the Small: MSMEs in Iraq
In Iraq, a country most recognized for its oil production, it's the micro - small - and medium-enterprises (MSMEs) that bring life and colour to the streets. Despite being the 'small' players in business, the private sector (excluding oil) accounts for close to 60% of employment, with MSMEs active in the widest range of sectors […]
Awareness is Key to Flattening COVID-19 Curve
Awareness is key to flattening the COVID-19 curve in Iraq The World Health Organization (WHO), in collaboration with the Ministry of Health of Iraq, today began a major COVID-19 awareness-raising campaign targeting people living in high-risk and heavily affected areas in the Iraqi capital Baghdad. The campaign will mobilize more than 250 community volunteers to […]
Testing the Potential of Solar in Iraq
Characterized by long, hot and clear summers, Najaf, Iraq's holy city, seems like the ideal place to realize the potential for solar energy in Iraq. Which is why in 2016, Najaf was selected as one of three sites to pilot rooftop solar photovoltaic (PV) systems, testing their potential for application across the sunny nation. Energy […]
New Hospital Opened in Basra
By John Lee. Dar Al-Shifa Hospital has been opened in Al-Zubair district in Basra Province. The hospital, a private-sector investment project which created 100 new jobs and cost $24 million, has a capacity of 60 beds, five operating theatres, an ophthalmology centre, a dental clinic, a maternity ward, an emergency department, laboratories and a pharmacy. […]
Iraqi Parliament Approves Massive Borrowing
By John Lee. The Iraqi parliament has reportedly authorised borrowing of up to $5 billion (Dh18bn) from abroad after the fall in oil prices caused a financial crunch. According to The National, the vote came a few days rating agency Fitch forecast the economy to shrink 9 per cent this year and debt to skyrocket. […]
Iraq's Airports Remain Closed amid Rising COVID Cases
By Adam Lucente for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Frustration builds as Iraq's airports remain closed amid rising virus cases When Iraqi aviation authorities first closed airports to commercial passenger flights March 17 in an effort to curb the spread of […]
Ferrier Steps Down as CEO of GKP
Gulf Keystone Petroleum (GKP) has announced that Jón Ferrier (pictured), Chief Executive Officer, has informed the Board of his intention to retire from the Company upon appointment of a successor and after a period of handover. The Company is now commencing a formal, externally facilitated, search process and will provide an update as and when […]
Video: Coronavirus Threatens Herders in Iraq's Marshes
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The coronavirus pandemic is affecting a community in Iraq's historic marshes. For years, people there have relied on the wetlands for herding water buffaloes. But the pandemic is now threatening their livelihood. Al […]