By John Lee. Iraq is requesting the U.S. Export-Import Bank (Ex-Im Bank) to finance the purchase of 10 planes from Boeing. Finance Minister Hoshyar Zebari told reporters in Washington that the planes have already cost the government $500 million (600 billion Iraqi dinars). If the request is granted, Boeing would repay the money it has […]
By John Lee. US-based engineering firm Devco has shipped $53 million worth of equipment to the Mishraq State Sulfur Mine in Mosul. This is the second major shipment from Devco’s $78.6 million order from the Iraqi Ministry of Industry. This contract, part of ongoing rehabilitation of the mine, is the largest contract awarded by Iraq’s […]
By John Lee. The Deputy Transport Minister, Bangen Rekani, has told Bloomberg that Iraq will seek $2 billion in financing to cover part of the cost of the 40 jets it has on order from Boeing. Iraq ordered 30 737-800s in 2008, followed by 10 787-8 long-haul Dreamliners in 2009, and a single 777 in 2012 -- […]
By John Lee. The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to guarantee a JPMorgan Chase loan totaling $35 million to Devco International LLC (Devco) of Tulsa, Okla., for the design and construction of a sulfur purification plant in Mosul, Iraq. Ex-Im Bank's financing will support approximately 380 U.S. jobs, […]
The Export-Import Bank of the United States (Ex-Im Bank) has opened in Iraq to help finance short-term and medium-term sales of U.S. exports to Iraqi buyers in both the public and private sectors. "Iraq's economy is growing, offering specific opportunities for U.S. exporters in a variety of industries. Ex-Im Bank can help by reducing the […]
