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 […]
By John Lee. The Prime Minister Mr. Mohammed S. Al-Sudani has 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 covered various topics including economic, financial, and health cooperation, as well as energy and environmental partnerships between […]
By Bilal Wahab, for the Wall Street Journal. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Twenty Years After the War, Iraq Needs U.S. Support As a partner to Baghdad, Washington can establish a bulwark against malign influence in the Mideast. Click here to […]
By John Lee. Iraq's Council of Ministers has approved the recommendation to convert the Sadr power station from a simple cycle to a combined cycle operation. The conversion will be done by the American company Stellar Energy for a total cost of $877,200, an increase of 3.2 percent from the original estimate. Total capacity will […]
By Joshua Levkowitz for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: American fast food is leaving its mark two decades after the invasion US franchises such as Burger King and Cold Stone Creamery open with fanfare, including appearances […]
By John Lee. US-based Duck Donuts has said it has signed a franchise agreement for 10 shops in Iraq. Eric Lavinder, Duck Donuts chief development officer, said: "We welcome our newest franchise partners to the system and look forward to supporting them throughout their journey as a small business owner." The company did not disclose […]
