The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
By Simon Kent. The Turkish government has confirmed that two hostages have been released by the group calling themselves the "Death Division," who kidnapped the workers in Baghdad early this month, along with 16 other hostages. The two men were said to be in good condition, confirmed by both Turkish and Iraqi authorities, who also […]
By Simon Kent. Shi'a cleric Moqtada al Sadr has again challenged the media image of himself as a radical "firebrand" by demanding the release of the 17 Turkish construction workers kidnapped in early September. The cleric has long had a reputation for violent anti government, anti-western and sectarian politics, after running the militias the Jaish […]
By Robert Tollast. A militia group calling itself "Firqat al Mawt" or "Death Division" has released a video (still shown above) of 18 Turkish construction workers who were kidnapped from their living quarters near Sadr City. The men were in Iraq working on the construction of a football stadium, in an area with high unemployment and […]
By Simon Kent. Two days after the beginning of Iraq's entry into the Eurobond market, in which the country hopes to raise up to $6 billion, Iraq has announced it is seeking a $500 million loan from the Jeddah based Islamic Development Bank (IDB.) However, according to a source in the Iraqi govt. the sum […]
By Simon Kent. Aberdeen based oil and gas company MOL Group have reduced their planned investments at Akri Bijell in the Kurdish region of Iraq, Rigzone reports. The new plans will see one well operational at 2200 bpd, while Bijell 4 and Bijell 6 appraisal wells encountered more geological complexity than envisaged. MOL have struggled in the region […]
By Simon Kent. Various sources have reported Tuesday that acting deputy justice minister Abdel Karim Faris was kidnapped in northern Baghdad, by "black clad" assailants. One source Iraq Business News spoke with speculated that terrorists had taken advantage of PM Haidar al Abadi's recent decision to cut security staff for politicians, but in the absence of details we […]
By Simon Kent. The Kurdish Regional Government (KRG) has released a statement saying it has put aside $75 million to pay three IOCs, Genel Energy, DNO and Gulf Keystone. The announcement follows payment disruption to the IOCs from the ongoing Baghdad--Erbil revenues and exports dispute. Additionally, the KRG has pledged regular payments, welcome news to the […]
By John Lee. Ability with Innovation (AWI) has announced that it has been awarded a contract by PAE Government Services for its equipment lease services to support their BLiSS project in Baghdad, Iraq. AWI will provide bulk waste removal service at Baghdad Embassy Compound (BEC) as second provider. AWI will supply and deliver dump trucks […]
By John Lee. Eighteen Turkish employees of Ankara-based construction company Nurol Insaat have been kidnapped in Baghdad. Masked men in military uniforms reportedly stormed the construction site, where the workers were sleeping in caravans, and bundled them into several SUVs early on Wednesday. The men were working on the construction of the new sports complex […]
By John Lee. Iraq's Ministry of Electricity has invited investment in a new power station at al-Yusufiyah, in Baghdad. The contract for the 1200-1400 MW plant will be granted on a build, own and operate basis. Further details are available from the Ministry of Electricity: [email protected] (Source: National Investment Commission) (Electricity image via Shutterstock)
By Robert Tollast. An interview with Mohamed Ridha, of the Baghdad entrepreneurial tech collective Fikra Space. So what on earth is a hackerspace? Since the essence of the concept is open source, it seems apt (although not so professional!) to quote Wikipedia, which has the most succinct definition. According to the page a hackerspace is, […]
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. Food, Family, No Sleep: Baghdad A New City During Ramadan, Thanks to End of Curfew For the first time in years locals in Iraq's capital city are getting to enjoy […]
