A post by @FirstSquawk on X.
IRAQI PRIME MINISTER BANS DEALING WITH INTERMEDIARY COMPANIES IN MILITARY MANUFACTURING FOLLOWING THE KATA'IB HEZBOLLAH CASE
@FirstSquawk on X
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Iraqi Prime Minister Mohammed Shia al-Sudani banned dealings with intermediary companies in military manufacturing following the Kata'ib Hezbollah case, according to a First Squawk report. The order bars intermediary firms from military manufacturing contracts, though the article did not specify contract values or the number of companies affected. The move matters because it reshapes how defense procurement flows through middlemen in Iraq, potentially reducing layers of contracting and the associated fees. It follows the Kata'ib Hezbollah case, which prompted scrutiny of how intermediaries were used in military manufacturing deals. What to watch next is whether the ban extends to other state procurement and how existing intermediary contracts are unwound.
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Named in this story
Iraqi Prime Minister, Kata'ib Hezbollah, Iraq