By John Lee. Iran will reportedly resume gas exports to Iraq on Wednesday, following a meeting in Baghdad on Tuesday between Iranian Energy Minister Reza Ardakanian and Iraqi officials. The supply was said to have been stopped due to Iraq's arrears of more than $6 billion, but a statement from the Iraqi government claimed the […]
Capital Bank and Bank Audi Sign Definitive Agreements for the Sale of the Assets and Liabilities of Bank Audi Branches in Jordan and Iraq Capital Bank Group and Bank Audi Group have announced the signing of the definitive agreements for the acquisition by Capital Bank of the operations of Bank Audi's Jordan Branch Network, and […]
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded four contracts for the supply and delivery of Explosive Ordnance Disposal (EOD), Night Vision Monocular and Detonator Box for UNMAS Iraq: Lot 1 - Hook and Line: NIC Instruments Ltd. Contract worth $66,551; Lot 2 - De-mining Equipment: Alfarez for General Contracts […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Erbil hotel and restaurant owners protest ban on New Year celebrations Hotel and restaurant owners in Erbil protested on Sunday against the Kurdistan Regional Government (KRG) Ministry of Interior's decision to ban New Year […]
By John Lee. The National Iranian Gas Company (NIGC) has reportedly cut supplies of gas to Iraq due to Iraq's arrears of more than $6 billion. According to Reuters, Iran's Energy Minister is scheduled to visit Baghdad on Tuesday to discuss the matter. More here and here. (Sources: Shana, Reuters)
By John Lee. Spartan Air Academy Iraq LLC, Irving, Texas, has been awarded a $15,684,449 firm-fixed-price modification (P00006) to contract FA8617-20-C-6232 for the Iraq T-6A contractor logistics support and training maintenance program. The modification provides for the exercise of an option to extend the term of the contract for the continued services needed in order […]
By John Lee. Turkey has reportedly begun to export electricity to Iraq. According to Anadolu Agency, Turkey's Energy Market Regulatory Authority (EMRA, EPDK) started supplying Iraq on Monday at a rate of 150 MW, through the Silopi-Zakho transmission line. The deal is due to run until 1st November, 2021. (Source: Anadolu Agency)
Sweden reaffirms partnership with UNDP to support vulnerable Iraqis The Government of Sweden, represented by the Swedish International Development Cooperation Agency (SIDA) and the United Nations Development Programme (UNDP) have signed a three-year, SEK 140 million* (US$ 16.4 million) agreement to further support vulnerable communities in Iraq. Sweden's contribution will be channelled through UNDP's Funding […]
By John Lee. The Iraqi Cabinet has authorised the Iraqi Civil Aviation Authority (ICAA) to negotiate and sign a memorandum of understanding (MoU) for the rehabilitation of Mosul International Airport with a representative of the French company Aeroports de Paris Ingenierie (ADPI). (Source: Govt of Iraq) (Picture credit: Kayhan Ertugrul)
By John Lee. Mashareea Al-Taqa Company for Contracting and General Trading Ltd has won a contract with the United Nations Secretariat for the rehabilitation of a secondary school in Dokory/Rawabi, Sinjar. The contract is valued at $49,682. (Source: UNGM)
New partnership with Germany to create sustainable employment opportunities for Iraqis Germany has reaffirmed its partnership with the United Nations Development Programme (UNDP) by investing EUR 30 million (US$35.89 million) to enhance economic empowerment and create employment opportunities for vulnerable communities in Iraq. The contribution was made available by the German Federal Ministry for Economic […]
Up to 960,000 people in Basra to have access to safe drinking water thanks to the Netherlands' support to UNICEF and UNDP The Netherlands has committed USD $6,41 million to support UNICEF and The United Nations Development Programme (UNDP) to ensure that almost a million residents of Basra governorate have access to safe water. This […]
