By John Lee. US-based Lockheed Martin has been awarded a $9,725,000 firm-fixed-price Foreign Military Sales (Iraq) contract for procurement of Mobile M1A1 Situational Awareness Platoon Mobile Advanced Gunnery training system, mobile pre-brief, after action review capability, spare parts package, installation, on-site testing, training, design, development, test, management, documentation, hardware, software, and spares. One bid was […]
By John Lee. The Iraqi Minister of Finance has met with China's state-owned investment company CITIC Bank to discuss the financing of projects in Iraq. Minister Fuad Hussein held talks with CITIC Bank chairman Chang Zhenming, in the presence of the Iraqi governors, transport minister, and electricity minister. The projects are said to include rail […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th September 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD630 (+2.4%) / $678 (+2.4%) (weekly change) (-4.4% and -4.5% YTD change, respectively). The number of week traded […]
By Padraig O’Hannelly. This week at Iraq Business News, we are delighted to welcome two new Expert Bloggers to our ranks: Sharing an Expert Blogger slot, Alice Bosley and Patricia Letayf are the co-founders of Five One Labs, the hugely impressive start-up incubator that helps refugees and conflict-affected entrepreneurs launch and grow their businesses. Launching […]
By John Lee. At Iraq Business News, we are often asked how we see Iraq developing over the coming months and years. The truth is that none of us has a crystal ball, but it's possible that some data from our website may give a feel for the direction of sentiment towards Iraq: Pageviews for […]
By Alice Bosley and Patricia Letayf, Co-Founders of Five One Labs. At Five One Labs, we work with idea or early-stage entrepreneurs from diverse communities to launch scalable, innovative businesses. We’ve had the privilege to work with tech startups like Dada, PHARX, Khanoo and more, and deeply understand the struggles that entrepreneurs who pursue apps, […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Production of diapers in Diwaniyah – State Company for Textile and Leather Industries Production of 9mm pistols – State Company for Military Industries Production of Unmanned Aerial Vehicles (UAV) – State Company for Military Industries Production of solvents and asphalt – […]
By John Lee. During their recent visit to China, the Deputy Prime Minister for Economic Affairs, accompanied by the Ministers of Transport and Electricity visited the China Machinery Engineering Corporation (CMEC), which specializes in transport, energy, communications and heavy engineering equipment. The company is already involved in the reconstruction of Salah al-Din power station and […]
By John Lee. The Deputy Prime Minister for Economic Affairs, Fuad Hussein, accompanied by the Ministers of Transport and Electricity, a number of Governors, Advisors to the Prime Minister and a number of general managers visited the China Railway Company earlier this week. Among the projects discussed were the building of the Karbala-Najaf railway. The […]
By Nick O'Connell, Partner, Al Tamimi & Co. This briefing note was originally published by lus laboris and is republished with permission by Iraq Business News. In Iraq the European Union's General Data Protection Regulation (GDPR) has had limited impact. There is currently no modern data protection law in Iraq, and there is accordingly no […]
By John Lee. Oil and gas company TechnipFMC has agreed to pay more than $5 million to settle an Iraq-related corruption case with the US Securities and Exchange Commission (SEC). The company is alleged to have taken part in bribery between 2008 and 2013 to secure business from Iraqi state-owned oil companies. Just last month, […]
By John Lee. Security company Blue Hackle, which operates in Iraq, has recently been awarded several quality certifications. In a statement, the company said it has "successfully achieved ISO 18788:2015, ISO 9001:2015 and the ANSI/ASIS PSC.1-2012 certifications, having successfully completed the Stage 2 audit, which was conducted by MSS Global". (Source: Blue Hackle) (Picture: ISO9001, […]
