By John Lee. Oil services firm TechnipFMC (TFMC) has agreed to pay $296 million to resolve allegations that the company paid bribes in Brazil and Iraq. TFMC is the product of a 2017 merger between two predecessor companies, Technip S.A. and FMC Technologies, Inc.. The admissions and court documents establish that beginning by at least […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq exports around 3.5 million barrels of oil a day. Heightened regional tensions between the US and Iran and recent attacks on oil tankers in the Gulf have heightened security fears. The government […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iran already turning Iraq into battleground against US As tension intensifies between Washington and Tehran, attacks against US interests in Iraq are increasing quickly and significantly. A short-range Katyusha missile on June 19 hit the […]
By John Lee. General Electric (GE) is reportedly expected to win a large share of the multibillion-dollar contracts to rebuild Iraq’s electricity system. According to a report from Reuters, "under U.S. prodding, Iraq is asking both Siemens and GE to bid on contracts and expects to make awards to each of the companies". Following a […]
By John Lee. The US Ambassador to Iraq, Matthew H. Tueller, joined Minister of Water Resources Jamal al-Adili and Italian Ambassador Pasquino to celebrate the successful completion of emergency efforts to stabilize Mosul Dam. The United States provided $124 million for the U.S. Army Corps of Engineers (USACE) to serve as the "Engineer" for the […]
By John Lee. The Trump administration has reportedly granted Iraq a 120-day waiver from its sanctions against Iran, to allow it to continue importing electricity from the country during the hottest of the summer weather. The decision followed a phone call on Friday between Secretary of State Michael Pompeo (pictured) and Iraqi Prime Minister Adel […]
By John Lee. The United States has imposed sanctions on an Iraqi company, South Wealth Resources Company (SWRC), which it is says is an Iraq-based affiliate of Iran's Islamic Revolutionary Guard Corps (IRGC). The full text of the Treasury Department's statement is shown below: Today [Wednesday 13th June], the U.S. Department of the Treasury’s Office […]
Actress Alia Shawkat Designs Exclusive Tee for 5K to Benefit Iraqi Children Iraqi-American performer and producer, Alia Shawkat, is best known for her acting work in TV shows like Arrested Development and films like Whip It and The Runaways. She is also a talented artist, with her contemporary works featuring in high profile gallery shows […]
On June 9, 2019, Ambassador Matthew H. Tueller presented his credentials to serve as U.S. Ambassador to Iraq to President Barham Salih and Foreign Minister Mohamed Alhakim. Ambassador Tueller thanked President Salih and Minister Alhakim for their warm reception and commented: “The United States is committed to our Strategic Framework Agreement which defines our bilateral […]
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. ExxonMobil evacuated dozens of its non-Iraqi employees from Iraq on May 18. The evacuation follows a US State Department decision to withdraw its non-essential staff from the US Embassy in Baghdad and its consulate […]
The U.S. Agency for International Development (USAID) hosted a workshop in Erbil, in the Iraqi Kurdistan region, on May 14, 2019, to discuss USAID’s New Partnership Initiative (NPI) with 30 local and faith-based Iraqi organizations. USAID will co-create with successful applicants to award $3 million dollars by the end of this U.S. Government’s Fiscal Year […]
By John Lee. Amnesty International has challenged a statement from the US-led Coalition in which it acknowledges at least 1,302 unintended civilian deaths during Operation Inherent Resolve. The organisation’s Senior Crisis Response Adviser, Donatella Rovera, said: “While all admissions of responsibility by the US-led Coalition for civilian casualties are welcome, the Coalition remains deeply in […]
