US-based Textron Aviation Defense has been awarded a $15,350,000 contract for continued support for the completion of the reconstitution of 15 T-6A aircraft. This modification provides for a schedule extension to complete the reconstitution of 15 T-6A aircraft and procure cartridge actuated devices and propellant actuated devices. Work will be performed at Imam Ali Air […]
Acting US Secretary of Defense Patrick M. Shanahan met Iraqi Council of Representatives Speaker Mohammed al-Halbousi at the Pentagon on Wednesday to reaffirm the strategic security partnership between the U.S. and Iraq and the U.S. commitment to a sovereign, secure, and prosperous Iraq. The secretary extended his condolences to the speaker for the tragic ferry […]
By Geneive Abdo, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Pro-Iran factions are pushing for the move just as the Islamic State is starting to hit back. Momentum is building among deputies in the Iraqi parliament to oust U.S. […]
By John Lee. Ride-sharing services Uber, from the United States, and Careem of Dubai, have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. The acquisition of Careem is subject to applicable regulatory approvals. The transaction is expected to close in […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As more factions within Iraq’s Popular Mobilization Units (PMU) are being designated as terrorists by the US administration on account of their close ties with the Iranian side, Tehran is moving toward pulling […]
By John Lee. The Trump administration has reportedly granted Iraq a further 90-day extension to the waiver exempting it from US sanctions on Iran. CNBC quotes a senior State Department official as saying on condition of anonymity: "While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions […]
By John Lee. US-based QSC has announced that GSL Professional will begin distributing QSC Systems and Live Sound portfolios in the GCC (Gulf Cooperation Council) region, including Iraq, beginning 1 July 2019. Ron Marchant, Senior Director Sales Management, QSC EMEASA, said: “As QSC continues to expand the Q-SYS Ecosystem and Live Sound portfolio and focus […]
A U.S.-Iraq Security Partnership: Avoiding the Pitfalls Just Ahead The dust of last year’s final campaign to destroy the Islamic State “caliphate” had hardly settled before talk of expelling U.S. forces began to circulate in Iraq’s newly seated Council of Representatives (COR), according to a report from The Washington Institute for Near East Policy: "This […]
By John Lee. AeroVironment Inc., of Simi Valley, California, has been awarded a $17,356,084 firm-fixed-price Foreign Military Sales (Iraq) contract for Puma AE II C-Code International Digital Data Link systems. One bid was solicited with one bid received. Work will be performed in Simi Valley, California, with an estimated completion date of Oct. 18, 2021. […]
By John Lee. At the Third Brussels Conference on “Supporting the Future of Syria and the Region” on Thursday, the United States announced more than $397 million in additional humanitarian assistance for the people of Syria as part of the Regional Refugee and Resilience Plan for 2019-2020. According to a State Department announcement, more than […]
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. Iranian President Hassan Rouhani arrived in Baghdad on March 11 amid his government's efforts to expand ties with Iraq to reduce the impact of US sanction on Iran's economy. Prior to departing Tehran, Rouhani remarked, “[Iran's ties with Iraq] […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. How will US sanctions affect Iran-Iraq economic relations? The Trump administration is giving Iraq a few more months to continue buying oil and electricity from neighbouring Iran before the United States enforces sanctions […]
