By John Lee. As part of the Iraqi government's efforts to reform the financial and banking sectors, the Council of Ministers has approved the contracting of Rafidain Bank with K2 Integrity and up to three experts in the fields of compliance, anti-money laundering, and risk management. According to a statement from the Office of the […]
By John Lee. The Export-Import Bank of the United States (EXIM) has approved a $297 million final commitment in support of an energy efficiency project in Iraq. The project will increase the availability and reliability of electricity in Iraq by generating power through waste heat. Florida-based Stellar Energy Americas, Inc. will provide engineering, procurement, construction […]
By John Lee. The Iraqi Prime Minister has expressed a willingness to partner with American firms to develop the country's oil and gas resources. Speaking to Al Monitor, Mohammed Shia al-Sudani acknowledged that some US companies have said the terms of potential contracts were not favorable, and he pledged to rectify the issue. Full report […]
By John Lee. As part of its financial reform efforts, Iraq's Cabinet has approved the allocation of 4 billion dinars [$3 million] to the Iraqi Securities Commission for the modernization and maintenance of electronic systems used for stock and bond trading. The project, exempted from standard government contract procedures, will be executed in partnership with […]
By John Lee. The United States and Iraq have announced that the Global Coalition to Defeat ISIS will conclude its military mission in Iraq over the next twelve months, and no later than the end of September 2025. In a joint statement, the countries said the Coalition will transition to "bilateral security partnerships in a […]
By John Lee. A US court has ordered Iraq to pay an American law firm $5.7 million in damages, interest and costs, relating to an unpaid legal bill. Mills Law Group LLP (MLG) took the state of Iraq, and the Iraqi Ministry of Justice, to court following Iraq's non-payment of fees for the company's services […]
By John Lee. The U.S. State Department has approved a possible sale of Follow-On Technical Support (FOTS) for vessel maintenance and repair to Iraq, valued at an estimated $65 million. The principal contractor will be Amentum, which was created in 2020 by the sale of AECOM's Management Services business to affiliates of Lindsay Goldberg and […]
By John Lee. IDS International LLC, based in Arlington, Virginia, has awarded an $8,575,534 hybrid (cost-no-fee and firm-fixed-price) contract to support tactical training in Iraq. Bids were solicited via the internet with one received. Work will be performed in Camp Taji, Iraq, with an estimated completion date of Sept. 28, 2025. Fiscal 2024 Foreign Military […]
By John Lee. US Deputy Secretary of the Treasury, Wally Adeyemo, and Iraqi Prime Minister Mohammed Shiaa' al Sudani met on the sidelines of the UN General Assembly to discuss Iraqi banking sector reform, financial relations with the United States, and combatting illicit finance. Deputy Secretary Adeyemo congratulated Prime Minister Sudani on Iraq's significant progress […]
By John Lee. The United Nations Development Programme (UNDP) and the United States Agency for International Development (USAID), in collaboration with the Ministry of Environment, have announced the launch of the National Strategy for the Protection and Improvement of the Environment in Iraq (2024-2030). This strategy marks a critical milestone in Iraq's efforts to tackle […]
By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, met with a delegation from Apple Inc., alongside the head of the Communications and Media Commission (CMC), Ali Al-Muayyed. The discussion centered on Iraq's ongoing digital transformation, led by Al-Sudani through the High Committee for Digital Transformation. The Prime Minister highlighted Iraq's evolution into a successful […]
By John Lee. Iraqi Minister of Oil, Hayan Abdul-Ghani, has held a series of meetings with oil industy executives during his visit to the United States: ARC Alternative and Renewable Construction LLC, represented by CEO Lonnie Coplen, and Maysoon Tawfik. Discussions involved cooperation on infrastructure development for Iraq's energy sector. Baker Hughes, led by senior […]
