Japan's Marubeni-Itochu Steel has joined the Iraq Britain Business Council (IBBC). The company is a joint venture between Marubeni Corporation and Itochu Corporation, established in October 2010 when the two companies merged their respective steel divisions. Its Tubular Products Division, which operates under the name Marubeni-Itochu Tubulars, supplies tubular products for the energy sector; its […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, […]
The Belarusian Universal Commodity Exchange (BUCE) recently held a meeting with a delegation from the Iraqi Businessmen Association (IBA). In the course of the talks, the representatives of Iraq’s production and trading companies learnt about BUCE main activities and principles as well as the advantages of leveraging the exchange mechanism to boost Belarus-Iraq bilateral trade. […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Alaa Abboud, the spokesman for the Peace Brigades, the armed faction of the Sadrist movement, said in a TV interview with a local Iraqi channel July 20, “We will […]
By Simon Kent. The self declared Islamic State have claimed an attack over the weekend in Baghdad at a checkpoint in Kadhimiyah, a district in Baghdad home to a major Shia mosque. The bombing occurred in heavy traffic near the Adnan checkpoint and wounded around 35 others. Since losing significant territory in Iraq, the so […]
By Simon Kent. Iraqis suffered a second summer of 50C temperatures with the barometer climbing to 53C (127F) over the weekend, and the government declaring a national holiday. Iraqis typically describe this weather as akin to being in an oven or having a hair dryer blown against skin on a hot setting. While many Iraqis […]
By Simon Kent. Iraq's oil exports have been recorded at an average of 3.28 mbpd for July, a rise from 3.18 mbpd in June. This is good news for Iraq, although a two month fall in exports due to infrastructure problems was offset by a slight increase in the price of oil. In June, a […]
By Simon Kent. Supranational organizations and countries at the US State Department organized Washington donor conference have made pledges of hundreds of millions of dollars for Iraq. This will take some financial strain off the Iraqi government as it struggles to assist over 3 million displaced people, amid slumped oil revenue and ongoing war expenditure. […]
By John Lee. Canadian Minister of Defence Harjit Sajjan has announced that Canada will establish and staff a field hospital (or military hospital) as a part of its contribution to the forthcoming battle for Mosul, expected some time over the coming winter. Sajjan noted, "As part of our ongoing commitment, Canada will soon deploy up […]
By Mustafa Sadoon for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The military protocol agreement signed July 12 between the Iraqi Kurdistan Regional Government and the United States might create controversy in Iraq’s public and political circles, especially those that do not have good relations with the […]
Scotland-based casing and completion tool specialist Deep Casing Tools has continued its Middle East expansion with a successful deployment of its unique drillable turbine technology in Iraq. The company’s 7” Turbocaser Express™ high-speed reaming system was deployed recently for a client who had experienced previous liner running issues. The Turbocaser Express™ reamed through multiple problematic […]
By John Lee. Russia's Uralvagonzavod (UVZ) reportly stopped deliveries of armoured vehicles to Iraq due to delayed payments. TASS, citing UVZ`s 2015 annual report, stated: "In 2015, the UVZ Corporation stopped the shipping of the defense production to the No.356 customer (Iraq) due to delayed payments." (Source: Defense World)
