The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]
Iraq Business News has learned of claims that Iraq's anti-corruption bodies are investigating the contract to operate the duty-free shops at Baghdad and Basra airports. Early last year we reported that the Iraqi Civil Aviation Authority (ICAA) and the Ministry of Transport had extended Iraq Duty Free's exclusive contract at the airports by ten years […]
KBR, Inc. announced today that it has been awarded a contract by the Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq. Under the terms of the contract, KBR says it will provide overall project management, multi-discipline engineering support, procurement and construction management services to BOC under a two […]
The U.S. Embassy Announces Open Application Period for the Fulbright Foreign Language Teaching Assistant (FLTA) Program The U.S. Embassy in Baghdad is pleased to announce that the application period is now open for the Fulbright Foreign Language Teaching Assistant (FLTA) program. Applications are due June 30, 2018. Detailed program information, eligibility guidelines, and application procedures […]
Bright and early last Saturday morning, runners in the Washington, DC area took off when the starting gun fired. It was the sixth annual IN THEIR SHOES 5K for Iraq's most vulnerable children. This year, for the first time, the US-based 5K was joined by a "sister" 5K in Basra, Iraq, hosted by BP. Veterans, Iraqi-Americans, diplomats, businesses, children, […]
Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between May 4-10, conducting 53 strikes consisting of 63 engagements, Combined task force officials reported on Friday. Strikes in Syria On May 10, coalition military forces conducted four […]
By John Lee. Despite this year’s drought, Iraq has reportedly bought more than 300,000 tonnes of domestic wheat this season, and maintained its estimate of 2.5 million tonnes of local purchases for the 2018 season. According to Reuters, this implies an import gap of 2 million tonnes, as the country uses between 4.5 million and […]
Startup Bootcamp, an entrepreneurship training to promote development of innovative business ideas among young innovators, entrepreneurs and software developers from displaced, refugee and host communities, took place on 4-5 May in Erbil, Kurdistan Region of Iraq. The event was supported by IOM Iraq, and organized by Five One Labs, a start-up incubator based in Iraq that assists displaced […]
The United States Embassy in Iraq is pleased to announce the annual competition for the Hubert H. Humphrey Fellowship Program. This one-year Fellowship program is offered to young and mid-career professionals who have a proven track record of leadership, a public service commitment, and the capacity to take full advantage of a self-defined program of […]
By John Lee. According to a report from Platts, Iraq has reached "key preliminary terms" with ExxonMobil and PetroChina on the South Integrated Project. The project involves the development of the Nahr Bin Umar and Ratawi oil fields in southern Iraq, with gas plants at the two fields, a multi-field water injection project, storage, pipelines […]
U.S. Immigration and Customs Enforcement (ICE) returned 3,800 ancient artifacts, including cuneiform tablets, cylinder seals, and clay bullae, to the Republic of Iraq. The artifacts were smuggled into the United States in violation of federal law and shipped to Hobby Lobby Stores, Inc, a nationwide arts-and-crafts retailer. Many of the tablets can be shown to […]
By John Lee. Nearly 4,000 ancient artifacts illegally acquired by a US-based arts-and-crafts retailer are to be returned to Iraq on Wednesday. In July of last year, Hobby Lobby agreed to pay a $3 million fine for illegally importing thousands of ancient Iraqi artifacts smuggled into the US through the United Arab Emirates (UAE) and Israel. […]
