National Bank of Iraq joins IBBC
The National Bank of Iraq (NBI) has become the latest member of the Iraq Britain Business Council (IBBC). In a statement, the IBBC said it is delighted to welcome one of Iraq’s preeminent private sector banking organisations to join its growing financial and professional services sector table. NBI was founded in 1995 as a publicly […]
Sadr, Amiri announce Political Alliance
By John Lee. Nationalist cleric Moqtada al-Sadr and Hadi al-Amiri have reportedly announced an alliance between their political blocs. The groups who won first and second places respectively in last month's parliamentary election. While Sadr's Sairoon Alliance is opposed to Iranian involvement in Iraq, Amiri's Fatah (Conquest) Coalition is head of an Iranian-backed militia. At […]
Disputes over Election Results flare after Baghdad Ballot Fire
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The fate of Iraq’s latest elections has become fraught following a deliberate arson attack on the ballot boxes storage center in the Rusafa district of Baghdad on June 10. The facility exposed to the […]
Operation Roundup Targets ISIS Remnants in Iraq, Syria
Combined Joint Task Force Operation Inherent Resolve and its partners have increased offensive activity against Islamic State of Iraq and Syria targets in designated parts of Iraq and Syria throughout the month of May. Since the May 1 start of Operation Roundup, Syrian Democratic Forces resumed major offensive operations in the middle Euphrates River Valley. […]
Aqaba offers "New Gateway" to Iraq
New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo, APM Terminals said in its press release. Containers imported into Iraq will no longer have to be trans-loaded onto […]
We are Committed to Reforms - KRG's Barzani
Prime Minister Nechirvan Barzani has said the Kurdistan Regional Government is “firmly insistent to implement administrative reforms”. These remarks were part of a speech he made at the ceremony of presention of the ISO certificate to the KRG Ministry of Interior. He said the aim the KRG wants to attain is "to eliminate bureaucracy, red […]
Iraqi Depositors ‘Trapped’ In Iranian Banking System
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Abbas Sarhan. The Iranian banking system was seen as an attractive alternative to Iraq’s shaky financial institutions. But a recent, drastic devaluation in the Iranian rial means Iraqi money […]
Chevron signs Contracts with Iraqi Oil Companies
By John Lee. The US oil company Chevron has signed an agreement with Iraq's Basra Oil Company (BOC) and Dhi Qar Oil Company (DQOC) to provide expertise and services, including seismic surveys, to the Iraqi companies. Assim Jihad, Spokesman for the Ministry of Oil, said the Ministry aims to sign more memorandums of understanding with […]
KBRwyle Wins New Iraqi Contract
KBR announced today that its global government services business, KBRwyle, has been awarded a cost-plus-fixed-fee contract modification to provide base life support services to the U.S. Army throughout Iraq in support of Operation Inherent Resolve (OIR). The Army Contracting Command (ACC) awarded this one-year task order modification, exercising the third option year on the task […]
UK appoints New Trade Commissioner for Middle East
UK International Trade Secretary Dr Liam Fox MP has appointed Simon Penney (pictured on right) as Her Majesty’s Trade Commissioner (HMTC) for the Middle East. The announcement was confirmed by Dr Fox on a visit to Bahrain and the United Arab Emirates (UAE), where he met government and industry representatives to boost trade and promote […]
Video: Fire hits Iraq's biggest Ballot Warehouse
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Emergency services try to put out a fire that ripped through Iraq's biggest ballot warehouse in eastern Baghdad's Al-Russafa district, ahead of a vote recount prompted by allegations of fraud during legislative elections that […]
Turkey "Postpones" filling of Ilisu Dam
By John Lee. Turkey has reportedly postponed the filling of the Ilisu Dam on the Tigris river until July, as fears of major water shortages in Iraq increase. According to a report from The National, water levels of the Tigris have reduced significantly since last week, sparking renewed panic among Iraqis. The Turkish Ambassador to Iraq, […]