By Salim A. Essaid for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Saudi Arabia, UAE invest $6 billion in Iraq operations The United Arab Emirates and Saudi Arabia will join together to boost trade and commerce in Iraq. Click here […]
By John Lee. KBR has announced that it has settled a legacy lawsuit pending in federal court, USA ex rel Howard v. KBR, Inc. et al. Stuart Bradie, KBR President and CEO, said: "We are pleased to put this decade-old lawsuit behind us as we close out one of our final legacy legal issues. We […]
By John Lee. Iraq's parliamentary oil and gas committee has said the government plans to increase oil production to over 5 million barrels per day (bpd). According to state-run Iraqi News Agency (INA), member of the committee, MP Zeinab Juma al-Mousawi, stressed the importance of facilitating an investment-friendly environment by offering protection and incentives to […]
By John Lee. Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, has held talks with Phil Malem, the Chief Executive Officer (CEO) of Serco Middle East. According to a statement from Iraq's Ministry of Foreign Affairs, the discussions aimed to resolve outstanding disputes between the UK-based company and relevant Iraqi authorities. The meeting […]
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. An Iranian official confirmed that the Iraqi government has released all of Tehran's frozen assets, amounting to $10 billion worth of energy debts. The funds have been deposited into an […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey extends flight ban on Iraqi Kurds' Sulaimaniyah airport over alleged PKK support Turkey said its latest ban is in response to "the intensification of activities by the PKK […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for June: Total exports of crude oil: 100,059,052 barrels Revenues from crude oil exports: $7.115 billion Oil fields in central and southern Iraq accounted for 98,725,620 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
By John Lee. Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded $13,561,913 modification (P00014) to a previously awarded contract (FA8617-21-C-6237) for contractor logistics support of Iraq's C-172 and C-208 fleets. The modification brings the total cumulative face value of the contract from $33,031,313 to $46,593,226. Work will be performed at Balad Air Base, […]
From the Iraq Britain Business Council (IBBC): LARSA Security Services is an Iraqi security company registered in Iraq as a private company under the Iraqi ministry of interior and has obtained license number (164). LARSA is a pioneer in the field of private security and logistics. With a high level of skill, training, expertise, and […]
By Mehmet Alaca for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Turkey's Spymaster-Turned-Foreign Minister Could Reshape Iraq Policy While Turkey's new foreign minister may reshape its Iraq policy, Ankara will likely prioritize economic relations above all […]
By Louisa Loveluck and Mustafa Salim, for The Washington Post. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A building boom fueled by corruption is changing the face of Baghdad Twenty years after an American-led invasion plunged Iraq into conflict, a real estate […]
By John Lee. The Shoshme [Shushme] border crossing in Halabja has been opened. According to the KRG, the gate is open for tourist traffic between the Kurdistan Region of Iraq (KRI) and Iran. (Source: KRG)
