By John Lee. The former president, chief executive officer, and chairman of the board of a New Jersey-based international engineering consulting company has been sentenced to 12 months of home confinement and fined $4.5 million for conspiring to defraud the U.S. Agency for International Development (USAID) with respect to billions of dollars in contracts over […]
Iraq Business News (IBN) recently interviewed Colin Findlay, General Manager of Severn Valve Solutions and Executive Director of the Severn Glocon Group of companies, about doing business in Iraq. IBN: Can you tell us a little about your business in Iraq? Colin Findlay: Severn Valve Solutions was formed in 2012 and has quickly become the […]
By Imtiaz Ahmad. Over the last seven to eight years, Iraq remained very attractive for international investment especially in the oil and gas sector. Almost all major international oil companies (IOCs) invested, either individually or in partnership with others. By contrast, Iraq showed slow progress in setting out proper petroleum and tax policy for existing […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th May 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,168 / $1,161 (+3.8%) (weekly change) ) (-16.2% and -21.6% YTD change, respectively). The number of week traded […]
By John Lee. Insitu Inc., Bingen, Washington, has been awarded a $10,919,060 firm-fixed-price delivery order against a previously issued basic ordering agreement for the procurement of site activation services, and field service representative personnel to perform site lead, pilot/operator, and maintenance personnel duties to support intelligence, surveillance, and reconnaissance services program and force protection services […]
Over 500 families have moved into the newly opened Shekhan camp for internally displaced people (IDPs) in northern Iraq over the past week and hundreds more will move in in the coming days. The camp has been constructed by a consortium of humanitarian partners with the support of multiple donors and will eventually provide shelter […]
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. The war against terrorism and a decrease in oil prices resulted in Iraq running a deficit in its 2015 budget. This has been accompanied by tensions in Iraq and neighboring countries […]
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. Not Minding Their Own Business: US Draft Law Causes First Major Political Upset In Baghdad's New Govt A recent piece of proposed legislation sponsored by US Republicans has caused some […]
UNICEF Announces the Results of the Family Survey on Water Usage The UNICEF Iraq WASH programme, in cooperation with the Administration Institute/Ressafa –the Technical College, with support from the European Union, organized a conference at the Administration Institute/Ressafa to announce the final results of thepilot family survey on water usage. The survey was conducted by […]
By John Lee. Quantitech Inc., Huntsville, Alabama, has been awarded a $9,999,908 firm-fixed-price contract to procure systems engineering, test and evaluation, and computer resources supporting the Counter-Rocket, Artillery, Mortar Program Directorate (C-RAM) in Iraq and Afghanistan with capability integration with the Air and Missile Defense Planning and Control System. Work will be performed in Huntsville, […]
By John Lee. FIFA, the international federation governing soccer, has reportedly lifted a ban on playing friendly football matches in Iraq. A spokesman for the Ministry of the Youth and Sport told AIN that the head of FIFA, Joseph Blatter (pictured), has agreed to allow friendly football matches in advance of a complete lifting of […]
The Basra Compact, a flagship partnership to revive the economy in southern Iraq The authorities of Basra and the UN Development Programme (UNDP) have signed a flagship agreement, the Basra Compact, aiming at strengthening participatory and accountable governance and reviving the economic activity in the southern governorate, which is not just oil-rich but needs to […]
