By John Lee. SOS International (SOSi) of, Reston, Virginia, has been awarded a $36-million (42-billion-Iraqi-dinar) modification to contract W56KGZ-15-C-4000 for base life support at Camp Taji, Iraq. The estimated completion date is June 30, 2015. Funding will be determined with each order. Army Contracting Command Kuwait, is the contracting activity. (Source: US Dept of Defense) […]
By John Lee. Oil major BP has reportedly agreed with the Iraqi oil ministry to cut this year's expenditure on development work at Rumaila oilfield from $3.5 billion (4.1-billion-Iraqi-dinar) to $2.5 billion. According to The Economic Times, the cut in spending will have no impact on production from the oilfield this year, where output is […]
By John Lee. The head of Iran’s Department of the Environment, Masoumeh Ebtekar, and Iraq’s Minister of the Environment, Ibrahim Turki al-Juburi (Qutaiba al-Jibouri), have met to search for solutions to the environmental issues affecting the countries. According to the report from BasNews, the Ministers discussed the dust storms that blanket the region, particulate pollution, […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In a society where conservative religious trends and the rule of tribal law are on the rise, the dissemination of human rights principles is a difficult task. Often, interpretations of religious and tribal customs contradict […]
Kurdistan Region Prime Minister, Nechirvan Barzani, has received Mr. Akihiko Tanaka, head of Japan International Cooperation Agency (JICA) and Japan’s Ambassador to Iraq. Mr. Tanaka expressed his appreciation for the assistance that Kurdistan Regional Government, KRG, provides to the agency during the implementation of their projects in the Region. He briefed the Prime Minister about […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th May 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,213 / $1,206 (+3.9%) (weekly change) ) (-12.9% and -18.6% YTD change, respectively). The number of week traded […]
By John Lee. Iran’s Defense Minister, Brigadier General Hossein Dehqan [Dehghan], arrived in Baghdad on Monday for talks with senior officials. The Minister and his delegation were welcomed by the Chief of Staff of the Iraqi Armed Forces, General Babak Zebari. Dehqan is scheduled to meet with the Iraqi Minister of Defense, Khalid al-Obeidi; Iraqi […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fighters from the Islamic State of Iraq and the Levant (ISIL, ISIS) group have overrun one of the last remaining districts held by government forces in the Iraqi city of Ramadi, security officials […]
The Kurdistan Regional Government has appointed Mr Karwan Jamal Tahir as its new Representative to the United Kingdom. The Head of the Kurdistan Regional Government’s Department of Foreign Relations, Minister Falah Mustafa, said that under the recommendation of the President of the Kurdistan Region, Masoud Barzani, and in order to develop and further strengthen bilateral […]
Japan and UNESCO have joined hands to address the grave consequences of Iraq’s present emergency situation on education. The government of Japan has pledged $3,000,000 in funding to help UNESCO implement two education projects that will benefit IDPs and Syrian refugees in Iraq including the Kurdistan Region of Iraq. An event to launch the two […]
By John Lee. South Korea's LSIS said on Tuesday that it has signed a deal to supply electrical equipment for the Bismayah New-City Project (BNCP) (pictured). The deal, worth about 160 billion won ($146 million, 170 billion Iraqi dinars), will see the company supply equipment for gas insulated switchgear at 32 substations over the next […]
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed two new members. Privately-owned Upstream Technical Consultants Limited is the organisation's first member from the recruitment sector. Established in the UK in 1998, it opened a branch office in Iraq in 2014, providing skilled exploration and production specialists to the oil and gas industry. Dubai-based […]
