By John Lee. KBR has announced that it has settled a legacy lawsuit pending in federal court, USA ex rel Howard v. KBR, Inc. et al. Stuart Bradie, KBR President and CEO, said: "We are pleased to put this decade-old lawsuit behind us as we close out one of our final legacy legal issues. We […]
By John Lee. Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded $13,561,913 modification (P00014) to a previously awarded contract (FA8617-21-C-6237) for contractor logistics support of Iraq's C-172 and C-208 fleets. The modification brings the total cumulative face value of the contract from $33,031,313 to $46,593,226. Work will be performed at Balad Air Base, […]
By John Lee. US State Department spokesperson Matthew Miller (pictured) has explained the background to Iraq's payment of its debt to Iran, despite the sanctions that are in place with regard to Iran. At a press briefing, he was asked: "Iraqi electricity ministry, they told the state media that Iraq has paid off all the […]
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. Three New Facade Groups Launched in Iraq Efforts are being made to create new brands for anti-U.S. resistance on Iraqi soil, while […]
By John Lee. Texas-based oilfield services company ADS Services has signed a partnership contract and joint submission agreement with the Iraqi Drilling Company (IDC) to provide oil services. According ot a press release, the collaboration will focus on introducing and integrating dynamic pressure control systems on IDC's fleet of drilling rigs. Charles Orbell, CEO of […]
By John Lee. Iraqi Prime Minister, Mohammed Shia Al-Sudani, met with a delegation from the Iraqi-American Business Council on Wednesday, led by the council's president, Steve Lutes, Deputy Vice President of the US Chamber of Commerce for Middle East Affairs. During the meeting, Prime Minister Al-Sudani stated that Iraq is qualified to be an attractive […]
Water complex rehabilitated by UNDP and USAID provides safe drinking water for over 30,000 people in Basra The United Nations Development Programme (UNDP), U.S. Agency for International Development (USAID), and the Government of Iraq have inaugurated the Al-Hussein water complex, bringing clean, potable water to more than 30,000 people in Hay Al-Hussein subdistrict and helping […]
Full text of the statement from Ericsson: Yesterday [Wednesday], the U.S. District Court for the Eastern District of New York dismissed with prejudice the securities litigation against Ericsson (NASDAQ: ERIC) brought by certain shareholders. In its ruling, the court rejected in full the plaintiff's claims that Ericsson misled investors and concluded that Ericsson did not […]
By John Lee. The Iraqi Drilling Company (IDC) has signed a partnership contract with the American company Air Drilling Solutions. Few details were given, but a statement from the Ministry of Oil said the intention was to, "keep pace with the industrial and technological development in the oil industry sector, in addition to training and […]
Man Convicted Of Torture And Exporting Weapons Parts And Related Services To Iraq A federal jury convicted a Pennsylvania man on May 19 for numerous crimes, including the torture of an Estonian citizen in 2015 in the Kurdistan region of Iraq, in connection with the operation of an illegal weapons manufacturing plant in Kurdistan. According […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has held talks in recent days with representatives of business interests from several countries: On Monday, the Prime Minister received the President of the US-Iraqi Business Council, and the Vice President of the American Chamber of Commerce for Middle East Affairs, Mr. Steve Lutes. The meeting […]
By John Lee. US President Joe Biden has extended for one year the national emergency with respect to the stabilization of Iraq, declared in Executive Order 13303 in 2003. Full text of the President's statement: On May 22, 2003, by Executive Order 13303, the President declared a national emergency pursuant to the International Emergency Economic […]
