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 […]
Lukoil to submit West Qurna-2 Plan by end-Dec
By John Lee. Russian oil company Lukoil has said it will present its plans t0 develop the West Qurna 2 oil field to the Ministry of Oil by the end of the month. Company boss Vagit Alekperov (pictured) told reporters that his company is negotiating regarding production volumes, timelines, and investment. (Source: TASS)
Alliant Techsystems in $28m Iraqi Defense Deal
Alliant Techsystems Inc., Fort Worth, Texas, has been awarded a $28,778,721 firm-fixed-price modification (P00027) to a previously awarded contract (FA8106-16-C-0004) for the exercise of option year two for contractor logistic support for the Iraqi Air Force's Cessna 208 fleet and the Cessna 208/172 trainer fleet. Work will be performed in Iraq, with an expected completion […]
Two more charged in UK’s Unaoil Investigation
The UK's Serious Fraud Office (SFO) has charged two further individuals in relation to the Unaoil investigation. Paul Bond and Stephen Whiteley have both been charged with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. The charges relate to alleged corrupt conduct within Unaoil, between […]
Military Strikes Against ISIS Terrorists in Syria, Iraq
U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria, conducting 19 strikes consisting of 24 engagements between Nov. 27 and yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the most recent strikes, noting that assessments of results are based on initial […]
November Market Review: Tentative Recovery
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The dog days of the summer extended from October into the first 10 days of November, as the 40 day Arba’een pilgrimage came to […]
Iraq Falls Again in Prosperity Index
By John Lee. Iraq has fallen one place in this year’s Legatum Institute Prosperity Index, ranking in 142nd place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite Iraq's […]
UK to Invest $13m in Iraqi Counter-Terrorism
On 29 November 2017 the British Prime Minister became the first major foreign leader to visit Iraq since the fall of Mosul, announcing the UK’s commitment to addressing the evolving threat from Daesh and countering the dispersal of foreign fighters as Daesh is squeezed out of the battlefield in Syria and Iraq. Speaking to British […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Resident Finance and Administration Manager, National Democratic Institute (NDI) Program Manager, Relief International Security Associate, UN Office for Project Services (UNOPS) Mental Health and Psycho Social Support Consultant, International Rescue Committee (IRC) Invitation to Bid: Post Distribution Monitoring (PDM) of IOM Emergency Response […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Health Coordinator, Première Urgence Internationale (PUI) Deputy Head of Mission, Première Urgence Internationale (PUI) Finance & Human Resources Manager, Action contre la Faim - ACF International Finance Coordinator, Action contre la Faim - ACF International Proposal and Reports Writer, Save the Children […]
Gulf Keystone appoints New Non-Executive Director
Gulf Keystone Petroleum (GKP) has announced the appointment of Jacobus ("Jaap") Huijskes as a Non-Executive Director with immediate effect. Jaap Huijskes was most recently a Director at OMV, the Austrian integrated oil and gas company listed on the Vienna Stock Exchange. While at OMV, he was responsible for Exploration and Production (E&P) and oversaw the […]
Saudi Bottler to Open New Plant in Iraq
By John Lee. A Saudi-based bottling company is reported to be planning to open a new factory in Iraq next year. According to The National, Aujan Coca-Cola Beverages Company (ACCBC), a subsidiary of Aujan Group Holding, will invest up to 250 million Saudi riyals ($67 million) over the next two years, creating for more than […]