Saturday , November 17 2018
Breaking News


Kurdish Companies “moving South” to Avoid Tax


Companies are reportedly relocating from the Kurdistan Region to rest of Iraq in an effort to avoid taxes and customs duties which the Iraqi government charges on goods exported to southern Iraq. According to Kurdish media network Rudaw, the Baghdad government considers goods produced in Iraqi Kurdistan to be foreign, and subject to import duties. Mustafah Zubeir, of the KRG ... Read More »

ABB to complete Iraq Projects by 2024


ABB is reportedly targeting 2024 for the completion of energy projects in Iraq. Its managing director for the Middle East, Mostafa Al Guezeri, told The National that the Swiss-Swedish company is in the planning stage for its $1.2-billion work in the country. He added that the company was committed to spending more on Iraq by helping the country access finance, ... Read More »

Iraq’s Foreign Reserves top $60 billion


The Central Bank of Iraq (CBI) has announced that the county has foreign reserves exceding 60 billion dollars. In a statement, the bank said the reserves are “a result of the fiscal and monetary policies adopted by the Central Bank over the past years to stabilize the general financial situation, especially in 2014 and the years that followed, with financial ... Read More »

Iraq to buy 90,000 tons of US Rice


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 successful sale. A purchase of this great ... Read More »

‘Iraq’s foreign reserves at USD55.7 billion’

cbi-central-bank-iraq (1)

Baghdad: Iraq’s foreign reserves have stood at USD55.7 billion, an official source at the Iraqi central bank was quoted saying. Alsumaria News quoted the source saying that this is the amount recorded until the end of last June, noting that while the net amount of foreign currency stands at USD48.3 billion, the remainder represents the finance ministry’s deposit at the ... Read More »

US Approves Helicopter Sales to Iraq


The US State Department has made a determination approving a possible Foreign Military Sale to Iraq of five (5) Armed Bell 407GX helicopters configured with M240 7.62mm Machine Guns for an estimated cost of $82.5 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale. The Government of Iraq has requested to buy five ... Read More »

Corruption Blamed for Imports of Bad Food and Medicine


Iraq’s parliament is investigating allegations that corruption and fraud at border crossings involving “influential entities” have led to an influx of contaminated food supplies and expired or counterfeit medications into the country. “Spoiled medications and food supplies come into Iraq. Large quantities have been confiscated. This [scheme] is backed by influential entities,” Noura al-Bajari, a member of the parliamentary Economy ... Read More »

Aggreko signs Contract with North Refineries Company


UK-based Aggreko (Middle East) and Iraq’s North Refineries Company have signed a contract for rental of temporary power generators to supply 15MW of power to Baiji Refinery as a first stage. For Aggreko, the world’s largest supplier of temporary power, which also supplies South Refineries Company with 25MW, This contract will help broaden the partnership between Aggreko, the world’s largest ... Read More »

IOCs discuss Basra’s Oil and Gas Megaprojects


The 5th annual CWC Basra Megaprojects Conference – Oil, Gas & Environment will be held from 9-10 October in Istanbul, Turkey chaired by the EU Ambassador to Baghdad, Ramon Blecau. In a show of support for the rebuilding of Iraq, Ambassador Blecau and industry experts will highlight the business opportunities available in the resource-rich South of Iraq with the aim ... Read More »

Three held over Iraq to UK ‘people-smuggling ring’


Three men have been arrested in an operation to tackle a people-smuggling network suspected of illegally bringing almost 3,000 migrants into Europe. A 41-year-old from Oldham, suspected of leading the network, was later bailed after being questioned on suspicion of immigration offences. A 35-year-old from Manchester and a 38-year-old from Stoke-on-Trent had been released on bail before the older man. ... Read More »

Drug Smuggling Supported by Maysan’s Tribes

A strong room holds seized narcotics at the Counter Narcotics Police of Afghanistan (CNPA) Headquarters in Lashkar Gah, Helmand Province, Afghanistan.This image shows the storage facility for seized drugs in Helmand province from the last six months (a total of 3785 kg of narcotics worth £265m).Imagery captured showing the work of the Provincial Reconstruction Team (PRT) in central Helmand Province, Afghanistan.
The Helmand PRT is a mulitnational team, with staff supplied by the UK, US, Danish and Estonian governments.
The UK has run the management platform for the PRT since 1 May 2006, when it assumed responsibility from the US.
The PRT comprises 91 civilian, 94 military and 27 civilian police staff in Lashkar Gah and district centres across Helmand.  It also employs approximately 30 locally engaged staff, bringing the total staff to 242.
The PRT helps the Afghan Government deliver effective government and security across all Helmand Province.

Smuggling drugs through Iraq on the way to the Gulf and Europe is big business in Maysan province – and it is often the local tribes in the border areas facilitating the enterprise. Drug trafficking has been a popular trade in the southern province of Maysan since the 1990s. “We needed to make money because of the international sanctions against ... Read More »

Police Overwhelmed as Drugs from Iran flood Basra


By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq. In the oil-rich city of Basra in southern Iraq, drug-trafficking gangs are gaining power. Through certain areas on the Iraqi-Iranian border, drugs come in from Iran to be consumed in Basra or smuggled to other Iraqi ... Read More »

4,000 Smuggled Artifacts to be Returned to Iraq


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. According to the report from NPR, the ... Read More »

Petrofac awarded Basra Oil Company EPC Contract


Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two oil processing trains, able to process 200 kbopd. Petrofac was ... Read More »

Iraq steps up efforts to Stop Smuggling of Rare Species


Iraq’s Ministry of Health and Environment released 20 falcons back into the wild. The falcons had been smuggled earlier in the month to Kuwait, which returned them to Iraq. This incident is but one example of the systematic smuggling of rare birds and animals out of the country, and the authorities are working to better enforce existing laws and adding ... Read More »

US returns thousands of Ancient Artifacts to Iraq


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 come from the ancient city ... Read More »

Hobby Lobby’s Smuggled Artifacts Will Be Returned To Iraq


Nearly 4,000 ill-gotten artifacts will be returned to Iraq, the US Immigration and Customs Enforcement says. The ancient objects were bought by Hobby Lobby, a national chain of arts and crafts stores, then smuggled into the United States in violation of federal law. The Oklahoma-based chain of retail stores bought more than 5,500 objects from dealers in the United Arab ... Read More »

Thousands of Iraqi artifacts were once smuggled to Hobby Lobby. Now they’re going home.


About 3,800 artifacts, including Sumerian cuneiform tablets dating to 2100 B.C., that were illegally smuggled to retailer Hobby Lobby were returned to Iraqi officials in Washington on Wednesday. US Immigration and Custom Enforcement officials signed over the artifacts to Iraqi Ambassador Fareed Yasseen at his Washington residence, with some of the artifacts laid out on a table. “We will continue ... Read More »

Turkish Police Bust Iraq Car-Smuggling Gang


Five suspected members of an organized crime ring that was smuggling stolen cars into Iraq have reportedly been arrested in Turkey. Police detained three members of the gang, one of them a Greek national, at a customs office in Istanbul after they cleared a luxury Jaguar through customs. They later detained a Turkish national and the Iraqi leader of the ... Read More »

Iraq, Chinese firm to sign for development of Baghdad oil field


Baghdad: Iraq will sign a contract with a Chinese company for the development of an oil field east of the capital, Baghdad, a spokesperson of the oil ministry said. Assem Jihad said Iraq will sign the contract with ZhenHua Oil to develop the southern section of Eastern Baghdad oilfield. He said the agreement aims to drive up production from the ... Read More »