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By John Lee. The US Supreme Court has rejected an attempt by Iraq to revive a lawsuit against companies for allegedly conspiring with Saddam Hussein's government to subvert the United Nations oil-for-food program. According to the Reuters report, more than 80 companies and other entities were named as defendants in the 2008 lawsuit over the […]
The newly appointed KRG Representative to France, Mr. Dara Bakir Salih, has begun his mission. Minister Falah Mustafa Bakir, Head of the Department of Foreign Relations, arrived in Paris today to oversee the handover of the Representation from Ms. Khaman Zirar, the former Representative, to Mr. Salih, the new Representative. During the handover ceremony, Minister […]
By John Lee. A French government spokesman has confirmed that an international meeting on the conflicts in Iraq and Syria will take place in Paris on 2nd June. French Foreign Minister Laurent Fabius, US Secretary of State John Kerry and Iraqi Prime Minister Haidar Al-Abadi are to co-chair the meeting. According to a report from […]
By John Lee. The French retailer Groupe Auchan has announced that its hypermarket in Erbil has closed down. The company described the closure as a "non-anticipated decision ... by the SI Retail shareholders, the English-law firm managing locally the hypermarket, due to the difficult situation encountered in the country." SI Retail signed an Auchan franchise […]
By John Lee. France's Technip, in partnership with UNICO, a Japanese engineering consultant, has been awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by Ministry of Oil's South Refineries Company (SRC), covers the engineering, procurement, construction, commissioning, start-up and warranty management phase […]
The International Finance Corporation (IFC), a member of the World Bank Group, is investing up to $18 million in Saudi dairy company Al Safi Danone’s Iraq-based subsidiary, to expand its operations in order to improve domestic food security, boost Iraq’s non-oil sector, and reduce its reliance on imported dairy products. IFC’s long-term investment, which is […]
The President of France, Francois Hollande, on Wednesday received at Elysée Palace a high-ranking delegation from the Kurdistan Regional Government’s Ministry of Peshmerga Affairs, led by the Minister, Mustafa Sayid Qadir, accompanied by a number of field commanders from the battle fronts and officials from the ministry. The purpose of the delegation’s visit to France […]
By John Lee. The French Consul General has reportedly said the French companies are interested in investing in Wassit Wasit] on a deferred payment basis. The Governor of Wassit province, Malik Khalaf, told AIN that during a visit to the province the Consul General discussed infrastructure projects including the building of roads and bridges, the […]
By John Lee. French cement maker Lafarge has written down 385 million euros of assets, mostly in Syria and Iraq. Volume sales were hit by the limited ability to transport cement in Iraq in the second half of the year. Bloomberg, however, quotes Chief Executive Officer Bruno Lafont (pictured) as saying that cement sales in […]
By John Lee. Iraq’s Minister of Electricity, Qasim Mohammad Abid Hammadi al-Fahadawi [Qassim al-Fahdawi] held a meeting with the French Ambassador to Iraq, Marc Barety, on Sunday. The Ambassador congratulated the Minister on his new role, and assured the Minister of the full support of the French government and private sector companies in the development of […]
By John Lee. A consortium has been awarded a $240-million engineering, procurement, and construction (EPC) order from Iraq's Ministry of Municipalities and Public Works to build pretreatment facilities at a desalination plant in Basra. Japan's Hitachi and Veolia Environnement of France have won $100 million of the total, with Egyptian engineering firm ArabCo getting the […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. French expats in Erbil, Iraq, say they try to lead a normal life, despite threats against French citizens by the Islamic State. At the French school here, the walls have been enhanced and armed […]
