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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 […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. France's prime minister on Wednesday vowed to continue its military action in Iraq until the local army can gain the upper hand against Islamic State militants surging through the country.
By John Lee. According to a report from Reuters, a US federal appeals court has rejected Iraq's effort to sue dozens of companies for allegedly conspiring with the Saddam Hussein regime to subvert the United Nations' oil-for-food programme and deprive Iraqi citizens of humanitarian aid. The court said Iraq's government could not recoup damages under […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The United States welcomed an announcement by French President Francois Hollande that France would join US-led air strikes against Islamic militants in Iraq.
At an international conference in Paris, the five permanent members of the U.N. Security Council, representatives of European and Arab states, and representatives of the EU, Arab League and United Nations, have all pledged to help the government in Baghdad fight against Islamic State militants. The full statement from the French Ministry of Foreign Affairs is […]
By John Lee. The new Minister of Foreign Affairs, Dr. Ibrahim al-Jaafari has met the new French Ambassador to Iraq, Mr. Francois Bartley, and received a copy of his credentials. During the meeting, they discussed relations between Iraq and France and ways to enhance prospects of joint cooperation. They also discussed the ongoing preparations for […]
By John Lee. French President Francois Hollande has called for an international conference to discuss new strategies to counter the Islamic State of Iraq and the Levant (ISIL). It is not the first time such an idea has been discussed, with counter-terrorism expert David Kilcullen suggesting a repeat of the WW2 ARCADIA conference, only this time aimed […]
By John Lee. The New York Times has reported that French President Francois Hollande has endorsed the appointment of Haider al-Abadi as Iraq's new PM, and with Baghdad's approval France is now ready to send arms to Kurdish forces. The move comes after the Kurdish President Massoud Barzani remarked that the Peshmerga were not sufficiently […]
On Wednesday, June 25th 2014, the first hypermarket under the French Auchan banner was opened in the Kurdistan Region of Iraq. This 6,000 sqm store is part of a 106-shop mall, located near the center or Erbil [Hewlêr]. The opening of this store is based on a franchise agreement between the Auchan Group and SI Retail, one […]
