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 […]
By John Lee. The United States Treasury Department has sanctioned Harakat Hezbollah al Nujaba, a radical Muslim militia group of about 10,000 fighters, as well as its leader Akram Kaabi. The full statement from the Office of Foreign Assets Control (OFAC) can be read here. (Source: US Treasury Department)
GE Power has announced that it has provided an advanced 9E gas turbine to Iraq's Al Qudus Power Plant. The company will also service up to seven GE 9E gas turbines at the facility throughout 2019, including maintenance, supply of parts and rehabilitation. GE is installing the new gas turbine at the site and it […]
The U.S. Embassy in Baghdad is pleased to announce that the application period for the 2019-2020 Fulbright Teaching Excellence and Achievement Program (FTEA) is now open until March 15, 2019. This program will provide Iraqi secondary-school teachers the opportunity to spend six weeks at a host institution in the United States to observe classrooms and […]
By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay Al-Khatteeb (pictured) as saying: “I don’t have financial allocations or the processes available at hand, it doesn’t allow me to cherry-pick the right consultancies […]
By John Lee. Florida-based NIC4 Inc., a division of Network Innovations Group, has been awarded a $28,812,143 firm-fixed-price Foreign Military Sales (Iraq) contract for capabilities to operate, sustain, support and expand Iraq’s Very Small Aperture Terminal (VSAT) network. Bids were solicited via the internet with five received. Work locations and funding will be determined with […]
US-based Sallyport Global Holdings has been awarded a not-to-exceed $375,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in the support of the Iraq F-16 program. Work will be performed on Balad Air Base, Iraq, and is expected to be completed by Jan. 30, 2020. This contract was […]
UK Export Finance (UKEF) has announced it will support UK firms with US $1.02 billion to build two new power stations in Iraq and support the restoration of a number of electricity substations in the country. US $1.02 billion in support for UK firms to build two new power stations Agreement will help build and […]
Iraqi Ministry of Electricity and GE Power celebrate inauguration of Baghdad West North Substation Underlining their joint commitment to support the development of Iraq’s power infrastructure, the Iraqi Ministry of Electricity (MoE) and GE Power’s Grid Solutions business (NYSE: GE) celebrated the energization of the Baghdad West North substation. Located about 35 kilometers away from […]
By John Lee. The US Army has published a report on its 2003 invasion of Iraq, and subsequent developments until the withdrawal of troops, claiming that Iran was the only real winner of the operation. "The U.S. Army in the Iraq War" was released Thursday in two volumes entitled "Invasion and Insurgency—Civil War, 2003-2006" and […]
Shares in Genel Energy were trading up 6 percent on Monday afternoon after the company announced that it has reached agreement to acquire stakes in the Chevron-operated Sarta and Qara Dagh blocks (pictured), in the Kurdistan Region of Iraq. Genel will acquire 30% equity in the Sarta licence by paying a 50% share of ongoing […]
