By John Lee. Iraq's Heavy Engineering Equipment State Company (HEESCO) has signed deals with three international companies in the oil, petrochemical and the marine industries: UK-based Weir Engineering Services; Czech-based KPS; Egyptian-based Petrojet. The company, established in 1963, has technological capabilities in the design, manufacturing and installation of the engineering equipment, such as the tanks, boilers, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The parliamentary transparency commission in Iraq says $320 billion has gone missing in the past 15 years, because of government c. It's one of many big issues weighing on the minds of Iraqis […]
By John Lee. Iraq plans to increase capacity at its southern refineries to 280,000 barrels per day by the end of 2018. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] made the announcement at the opening of the second phase of the fourth unit project in the south refineries in Basrah governorate. The new project will […]
The Iraqi-Czech Economic Forum was held in Baghdad on Sunday, 30.07.17 according to the invitation forwarded by the Iraqi deputy speaker of Parliament, Dr. Humam Hamoodi and with the attendance of public and private sectors representatives of the two sides. The conference started with a welcome speech by Dr. Sami AL- Araji, Chairman of the […]
By John Lee. Czech company Zetor is reported to be planning to set up a tractor assembly plant in Iraqi Kurdistan in 2020, using parts imported from the Czech Republic. According to Rudaw, the company will set up an entire new division on the KRI by 2030. A spokesperson for the KRG's Ministry of Agriculture […]
By John Lee. A Kurdish Yazidi survivor of the Islamic State group (IS, ISIS, ISIL, Daesh) sex slavery has been shortlisted for the prestigious Václav Havel Human Rights Prize for her outstanding activities in the defense of human rights. Nadia Murad managed to excape captivity, and now brings the plight of the Yazidi community, in […]
By John Lee. The Czech Republic has said it intends to send up to 35 instructors to Iraq in June to train pilots on the L-159 military jets recently bought from Prague. The mission would begin on 1st June at Iraq’s Balad Air Base and last until 2018, at a cost of 265 million koruna […]
By John Lee. The Czech defense minister, Martin Stropnicky, says he is planning to send about 30 instructors and military technicians to Iraq to train pilots for Czech-made planes. The Czech Republic agreed to sell 15 Czech-made Aero Vodochody L-159 light combat planes to Iraq last year, but according to a report from Associated Press the deal […]
The Czech government has decided to provide military aid to Iraq and Jordan. Prime Minister Bohuslav Sobotka wrote on Twitter: "I promised help in the fight against Islamic State to Jordan last year. We are meeting our promise. The Czech Republic will send ammunition for assaults rifles and machine guns." He added that assault rifles […]
The Czech Republic has contributed US$200,000 to UNDP’s Funding Facility for Immediate Stabilization (FFIS) which channels fast-track support to help rehabilitate civic infrastructure, kick-start local economies, boost government capacity and promote community reconciliation. UNDP Resident Representative and UN Resident and Humanitarian Coordinator for Iraq, Ms. Lise Grande said: “The generous contribution from the Czech Republic comes at a […]
Reuters reports that Iraq showed off two newly-purchased fighter jets at Balad Air Force Base on Thursday. The Aero Vodochody L-159 subsonic jets, bought from the Czech Republic, are due to be used in the fight against the Islamic State group (IS, ISIS, ISIL).
By John Lee. Iraqi politicians have reportedly made allegations of corruption relating to the sale of Czech military aircraft to Iraq. According to media sources, Iskandar Watoot, from the Iraqi parliament's security and defense committee, says corruption worth millions of dollars has accompanied the purchase of the L-159 subsonic combat planes, while Haitham al-Jubouri, a […]
