By John Lee. A US court has ordered Iraq to pay an American law firm $5.7 million in damages, interest and costs, relating to an unpaid legal bill. Mills Law Group LLP (MLG) took the state of Iraq, and the Iraqi Ministry of Justice, to court following Iraq's non-payment of fees for the company's services […]
By John Lee. Netherlands-based Damen Shipyards Group has successfully delivered three advanced search and rescue (SAR) vessels to Jawar Al Khaleej (JAK) in a ceremony held at Albwardy Damen in Sharjah, UAE. The handover, which took place just five months after the contract signing, includes two Damen SPi 1605 SAR class vessels and one Damen […]
By John Lee. Late on Tuesday evening, Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi (pictured), announced the full resumption of air traffic at all Iraqi airports following a temporary suspension earlier in the day due to regional tensions. A Ministry statement said that, with safety risks now mitigated, Iraqi airspace has reopened for all incoming, […]
By John Lee. Iraq has approved a series of infrastructure projects, focussing on the construction of roads and bridges. These projects aim to improve connectivity and support economic growth across various provinces. Key developments include: Baghdad: Preparation of studies and technical feasibility for the construction of the road (Amara - Kut - Baghdad - Kirkuk) […]
By John Lee. Iraq's Minister of Interior, Abdul Amir Al-Shammari, has inaugurated a new armored vehicle production line under the Defence Industries Commission (DIC), with support from Prime Minister Mohammed Shia Al-Sudani. According to a statement from the Ministry, the initiative aims to enhance the supply of military equipment to Iraq's security forces. It says […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq sees rapid growth in private universities amid concerns over quality and accountability The number of private universities and colleges in Iraq has surged dramatically, with three new institutions opening annually, according to the […]
From Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. "We hold them responsible for the blood of our youth": Five years on, impunity prevails for violations against Tishreen protesters On the five-year anniversary of the Tishreen protests, Amnesty International's research reveals a […]
By John Lee. The Central Bank of Iraq (CBI) has identified irregularities in the operations of several exchange companies regarding the sale of U.S. dollars allocated to travellers. A recent audit and monitoring of company practices revealed that some exchange firms have been charging citizens a commission of 50,000 dinars for purchasing dollars, double the […]
By John Lee. Iraq's Integrity Commission and China's National Supervisory [Oversight] Commission have signed a memorandum of understanding to strengthen cooperation in combating corruption, pursuing fugitives, and recovering assets. The agreement aims to align efforts with the Belt and Road Initiative, promoting transparency and clean governance. Iraq's Integrity Commission head, Judge Haider Hanoun, emphasized the […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for August, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 105,845,599 barrels. Exports from the oil fields in […]
Second phase of the PROSPECTS partnership launched in Iraq The Government of Iraq officially launched yesterday the second phase of the PROSPECTS partnership in Iraq, an initiative spearheaded and funded by the Government of the Netherlands. This four-year initiative, with a total investment of USD 46 million, aims to provide comprehensive crticial support to refugees, […]
By John Lee. Iraq's Ministry of Transport has announced that the Nasiriyah International Airport project has reached over 56% completion, with significant progress following the resolution of obstacles faced by the Chinese contractor. Key Data: Project: Nasiriyah International Airport Completion Rate: 56% Total Workers: 450 Machinery in Use: Over 120 units Main Buildings: Passenger terminal […]
