The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News
Bloomberg reports that U.S. prosecutors have filed a civil suit against Kuwaiti logistics company Agility, accusing it of defrauding the government over food contracts to the U.S. military in the Middle East worth $9.8 billion. Agility was the largest supplier to the U.S. Army in the Middle East during the war in Iraq and a […]
The Governor of the Kuwaiti Capital, Sheikh Ali Al-Jaber, visited soutwestern Iraq’s holy city of Karbala on Sunday to discuss the implementation of several investment projects in the Province, its Governor, Amaluddin al-Hir, said on Sunday. “We have conferred with a Kuwaiti Delegation, who visited Karbala, under leadership of the Kuwaiti Capital’s Governor, Sheikh Ali […]
The United States hopes the U.N. Security Council will lift restrictions on the import of nuclear technology to Iraq, even though Baghdad has not ratified a U.N. agreement on tough atomic inspections, according to a report from Reuters. At a meeting on Wednesday to be chaired by U.S. Vice President Joe Biden, the 15-nation Security […]
The Defense Department is being forced to extend multimillion-dollar contracts for services in Iraq, including one with a firm under criminal indictment, because losing bidders have legally challenged the companies selected as replacements, according to a report from the Washington Post. The Kuwaiti firm Agility, charged in November 2009 with overbilling food contracts worth $8.5 […]
A Kuwaiti company received two investment licenses in Muthanna, according to a media source at the Muthanna Investment Commission, quoted by Aswat al-Iraq. “Kuwait’s al-Mahamed company received two investment licenses to implement a residential compound, which contains 2,000 apartments, in addition to the establishment of a cement factory in the Badiya al-Samawa region,” Ali Hanoun […]
Iraq and Kuwait have agreed to create a 500-metre no-man's land on each side of the border, and to move Iraqi farmers to new homes, a Kuwaiti official said today (Wednesday). The Al-Seyassah daily quoted foreign ministry official Jassem Al-Mubaraki as saying that under the deal, Kuwait undertakes to build up to 50 homes inside […]
Kuwait and Iraq have reached an initial agreement on sharing border oilfields, Kuwaiti Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said on Wednesday, according to a report from Reuters. 'They [the two countries] have agreed in principle. We have signed it from Kuwait's side. They [Iraq] will be signing it maybe this week or next week,' […]
The Supreme Court of Canada has allowed Kuwait to pursue the seizure of Iraqi government assets in Canada, according to CTV News. The high court has granted an appeal by Kuwait Airways against Iraq and Bombardier Aerospace of Montreal, follows a British judgment that could allow Kuwait to seize Iraqi passenger planes now in Canada. […]
Iraq has awarded three of its established gas fields to foreign consortia in the third stage of an energy sell-off, as the country races to supply gas to local power plants and to export markets. The three fields, in the south, centre and far west of Iraq were sold at or slightly below the price […]
Iraq has agreed to allow Kuwaitis who owned real estate in Iraq to recover property seized under Saddam Hussein's regime after the invasion of Kuwait 20 years ago, according to a report from Reuters. Kuwaitis can recover their Iraqi property provided there is no legal decision prohibiting it, Iraq’s government spokesman, Ali al-Dabbagh (pictured), said […]
The Iraqi Oil Ministry is seeking to open more border crossings to make it easier for foreign firms to bring their oil equipment to Iraq. “Foreign firms working on boosting Iraq’s oil production submitted a request to the Kuwaiti authorities to open a border crossing so that they can bring their equipment into Iraq,” a […]
Kuwait-based Eastern National Oilfield Services (ENOS), a subsidiary of Kuwaiti Safat Energy Holding (KUW: SENERGY), has won a $7 million (8.2 billion Iraqi dinars) contract to provide oil well testing and digging services for an unnamed company in Iraq, according to a report from ADP News. Safat Energy reportedly released the information in a statement […]
