By John Lee. France and the United Kingdom are to co-chair the Iraq Economic Contact Group (IECG) from the start of January. In a statement, the group added that, as friends and partners of Iraq, Canada, France, Germany, Italy, Japan, the European Union, the United Kingdom, the United States, and the World Bank commit to […]
By Ameer al-Kaabi, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Overlap Between the Islamic Resistance of Iraq and the Popular Mobilization Forces The Islamic Resistance of Iraq mourned the loss of members of the Iraqi […]
By John Lee. Judge Haider Hanoun, the head of Iraq's Integrity Commission, has met with an American delegation to explore the possibility of a memorandum of understanding between Iraq's Asset Recovery Fund and the US Treasury. The meeting, held at the US Treasury headquarters, aimed to address Iraq's need for assistance in determining the fate […]
By John Lee. WesternZagros Resources has joined the Association of the Petroleum Industry of Kurdistan (APIKUR), becoming its seventh member. According to a statement from APIKUR: WesternZagros is a privately held American owned company with offices in Calgary, Canada, and in Erbil and Sulaymaniyah in the Kurdistan Region of Iraq. It has invested over $1 […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: As Iraqis confront the US, some allies of Iran want higher value for Iraqi blood The war between Hamas and Israel in Gaza has over the past month made clear that […]
By Hamdi Malik and Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Militia Hair-Pulling Over Who Are The Truest Muqawama Given a couple of days of Gaza-related ceasefire, muqawama leaders went back to old […]
By John Lee. General Dynamics Land Systems, Sterling Heights, Michigan, was awarded a $15,992,597 modification (P00006) to contract W56HZV-21-C-0072 for contractor logistics support services for the M1A1SA/M88. Work will be performed at Camp Taji, Iraq, with an estimated completion date of Dec. 13, 2023. According to the United States Army Acquisition Support Center (USAASC), the […]
By Bilal Wahab and Selin Uysal, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will an Iraqi Front Open in the Hamas-Israel War? The risky tit-for-tat strikes between U.S. and militia forces are one symptom of […]
By John Lee. The United States has reportedly issued a new waiver allowing Iraq to pay Iran for electricity. According to Reuters, the waiver lasts for 120 days. While not directly confirming the waiver, US State Department spokesperson Matthew Miller told a press briefing on Tuesday: "So I don't have a comment to give on […]
By John Lee. Iraq's Finance Minister, Taif Sami, has signed a financing agreement for the maintenance of the Ministry of Electricity's power stations with JPMorgan, in partnership with General Electric (GE). The $257 million loan, guaranteed by the US Export-Import Bank (EXIM), is part of the fifth phase of the annual maintenance project. The agreement […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly made agreements to support several private Iraqi banks with foreign currency. State-run Iraqi News Agency (INA) quotes a government source as saying that, following meetings in Abu Dhabi with US officials, it has been agreed, "to boost the advance balance of five Iraqi banks […]
By John Lee. Texas-based Bell Helicopter, a wholly-owned subsidiary of Textron Inc., has been approved for a possible $300-million military contract with Iraq. Full statement from the US Defense Security Cooperation Agency (US DSCA): The State Department has made a determination approving a possible Foreign Military Sale to the Government of Iraq of Bell Helicopter […]
