UNHCR, the UN Refugee Agency, warmly welcomes the generous 2018 contributions from the Government of the United States of America, which reached a cumulative total of US$ 128.8 million for Syrian refugees and internally displaced Iraqis. With the support of donors like the United States, UNHCR can continue to provide assistance to the millions of […]
TGS USA, of McLean, Virginia, USA (Toyota Gibraltar Stockholdings Ltd) has been awarded a $39,543,009 firm-fixed-price Foreign Military Sales (Iraq) contract for Toyota Land Cruisers and spare parts. Bids were solicited via the internet with three received. Work locations and funding will be determined with each order, with an estimated completion date of Oct. 16, […]
By John Lee. Both Germany's Siemens and US-based GE have signed deals with the Iraqi government on Sunday to provide major additional power generating capacity to Iraq. Following a hotly-contested competition, the two rivals are to share the work, with GE supplying 14 Gigawatts (GW), and Siemens 11 GW. (Sources: GE, Siemens)
GE (NYSE: GE) signed Principles of Cooperation (POC) with the Iraqi Ministry of Electricity to develop the country’s power sector. The plan is expected to generate up to 14 gigawatts (GW) of power, create up to 65,000 direct and indirect jobs, support the government to realize savings and recoverable losses of up to $3 billion […]
US Assistance to Ethnic and Religious Minorities in Iraq As part of the continued commitment by Vice President Pence, Secretary Pompeo (pictured), and USAID Administrator Green to support ethnic and religious minorities in Iraq as highlighted earlier this year at the first-ever Ministerial to Advance Religious Freedom, the United States is proud to announce over […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions today on Afaq Dubai, an Iraq-based money services business (MSB) that has been moving money for the Islamic State of Iraq and Syria (ISIS). Today’s designation follows action taken by the Department of Defense—announced on October 11—against a key ISIS financial […]
By John Lee. Germany's Siemens may have to share a $15-billion contract to supply power-generation equipment to Iraq with US rival General Electric (GE). The Financial Times reports that although it appeared that Siemens would win the deal, the Trump administration successfully intervened on behalf of GE. Last month German business newspaper Handelsblatt reported that […]
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. IRGC masses troops on Iraq border amid rising tensions with Kurdish groups Iran’s Islamic Revolutionary Guard Corps (IRGC) is launching increasingly daring operations to degrade the capabilities of armed […]
By John Lee. Iraq has agreed to buy 90,000 metric tons of rice from the United States. US Congressman Ralph Abraham, M.D., R-Alto, a member of the House Agriculture Committee, said in a statement: “Iraq is buying three times more rice than we requested in our letter, so I’m thrilled that this resulted in such […]
A new government in Baghdad can make real progress if the US offers the right kind of support, says Eli Lake. Writing for Bloomberg Opinion, he argues that to do that, the US needs to signal its commitment to Iraqi cities under threat from the militias. Read the full article here from Bloomberg.
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. The oil-rich port city of Basra is feeling the heat of the intensifying conflict between the United States and Iran. Pro-Iranian armed groups that threaten the United States from time […]
By Laura Rozen for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Concerned that tensions between Iran and the United States could blow back onto Iraq, a senior Iraqi diplomat said today that Iraq would be willing to facilitate dialogue between […]
