Were Duty Free Contracts Illegally Granted?
Iraq Business News has learned of claims that Iraq's anti-corruption bodies are investigating the contract to operate the duty-free shops at Baghdad and Basra airports. Early last year we reported that the Iraqi Civil Aviation Authority (ICAA) and the Ministry of Transport had extended Iraq Duty Free's exclusive contract at the airports by ten years […]
Iraq Election: Abadi Trails Rivals
By John Lee. According to media reports, the Nasr (Victory) Alliance led by Prime Minister Haider al-Abadi is trailing in third place in the Iraqi general elections. With more than half of votes counted, Saeroun (Marching Towards Reform) list, comprising Shia Muslim cleric Moqtada Sadr's Istiqama (Integrity) party and six mostly secular groups, is in the […]
KBR Confirms Contract to Develop Majnoon
KBR, Inc. announced today that it has been awarded a contract by the Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq. Under the terms of the contract, KBR says it will provide overall project management, multi-discipline engineering support, procurement and construction management services to BOC under a two […]
$10m Iraq Demining Contracts Awarded
By John Lee. Two companies have won tenders to supply EOD/IEDD search and clearance teams to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with UK-based Optima Defence & Security Group Limited is valued at $6,374,302, while the contract with Ain Alsaker (Falcon Eye) Demining Co. is valued at $3,782,425. (Source: UNGM) […]
Australia Increases Support for Stabilization in Iraq
Australia Substantially Increases Support to Stabilization in Iraq The Government of Australia has contributed an additional USD 13.5 million (AUD 18 million) to the UNDP Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas of Iraq liberated from the Islamic State of Iraq and the Levant (ISIL). This brings Australia’s total contribution since […]
Application Period opens for Fulbright Program
The U.S. Embassy Announces Open Application Period for the Fulbright Foreign Language Teaching Assistant (FLTA) Program The U.S. Embassy in Baghdad is pleased to announce that the application period is now open for the Fulbright Foreign Language Teaching Assistant (FLTA) program. Applications are due June 30, 2018. Detailed program information, eligibility guidelines, and application procedures […]
New Development Plan for West Qurna-2
LUKOIL and the Basra Oil Company (BOC) signed a Development Plan for the West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels per day. According to the Plan, the oil production of 480 thousand barrels per day will be reached in 2020 and 800 thousand barrels per day is expected […]
Running for the Children of Iraq
Bright and early last Saturday morning, runners in the Washington, DC area took off when the starting gun fired. It was the sixth annual IN THEIR SHOES 5K for Iraq's most vulnerable children. This year, for the first time, the US-based 5K was joined by a "sister" 5K in Basra, Iraq, hosted by BP. Veterans, Iraqi-Americans, diplomats, businesses, children, […]
GardaWorld Weekly Security Report
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th May 2018). ISX will be closed tomorrow (May 13, 2018) due to the elections that will be held today (May 12). The next trading session will be held on Monday (May 14, 2018). Please click here to download a table of listed […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: WPE Senior Manager - Quality Assurance, International Rescue Committee (IRC) Protection Manager, International Rescue Committee (IRC) Senior Protection Manager, International Rescue Committee (IRC) Education Officer - Safe Healing Learning Space, International Rescue Committee (IRC) Education Officer, International Rescue Committee (IRC) Advocacy Advisor, International […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: WPE Social Worker, International Rescue Committee (IRC) Partnership & Capacity Development Manager, Oxfam Security Associate, UNOPS - United Nations Office for Project Services (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock)