Daewoo Wins $86m Iraq Order

By John Lee. South Korea’s Daewoo Engineering & Construction has reportedly won an $86 million order to build a prefabrication yard for a tunnel project at the new Al Faw Grand Port in Basra. Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the Khor Al-Zubair immersed tunnel prefabrication […]

Caliburn Renovates Primary School in Iraq

Caliburn International, LLC has recently completed a renovation of the Al-Sqor Primary School in Bakar Village. Located a short distance from Balad Air Base in Iraq, the village has endured years of conflict and unrest from the Iraq War through the insurgence, contributing to the school’s state of disrepair. Caliburn identified specific needs to address […]

Iraqi Parliament Postponed until Protests End

Iraq’s parliament has announced that it is postponing the holding of its sessions until the end of the protests that have swept through the country in recent weeks, repealing the parliament’s former decision that it will meet after the Shia Arbaeen pilgrimage ends. On Saturday, the parliament’s Legal Committee confirmed that the House of Representatives […]

EITI Lift’s Iraq’s Suspension

The EITI Board has decided that Iraq has made meaningful progress in implementing the EITI Standard. Validation, the EITI’s quality assurance process, found that Iraq’s performance in implementing EITI Requirements has improved markedly since the country’s first Validation in 2017. Iraq’s suspension as a result of poor results in its first Validation has now been lifted, […]

Iran Electricity Export to Iraq Hits Record

Iranian Energy Minister Reza Ardakanian (pictured) has said the export of electricity to neighboring countries has reached a record high in the past year. Addressing a Sunday session of Tehran’s City Council, Ardakanian said management of the situation over the past two water years has helped the country break the record in three sectors of […]

Fair Competition to Empower Women in the Arab World

By John Lee. Fair competition is needed to economically empower women in the Arab world Female labor force participation levels in Arab countries are the lowest in the world, despite the rising educational attainment of women reaching working age, according to an article from the Middle East Institute. Rabah Arezki, Ferid Belhaj argue that young […]

Amnesty Accuses Iraq of Abusing Activists

By Amnesty International. Iraq: Stop security forces from threatening, forcibly disappearing and abusing activists The Iraqi authorities must immediately end a relentless campaign of intimidation and assault against activists in Baghdad and reveal the whereabouts of others, among them a doctor and a lawyer forcibly disappeared more than 10 days ago, Amnesty International said on […]

EXIM signs MoU with Iraq

By John Lee. The Export-Import Bank of the United States (EXIM) has entered into a memorandum of understanding (MOU) with the Ministry of Finance of the government of Iraq aimed at rebuilding Iraq and enhancing trade and economic cooperation between the two countries. The MOU replaces the previous agreement signed in Kuwait in February 2018 […]

UNOPS, Japan providing Renewable Energy in Iraq

By John Lee. To improve living conditions for returnee populations living in newly liberated areas, UNOPS – with funding from the government of Japan – is helping to provide renewable energy and emergency waste disposal services in three Iraqi governorates. “[This project] comes at a time when Iraq is counting on its friends to recover […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th October 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD649 (+0.4%) / $698 (+0.4%) (weekly change) (-1.5% and -1.7% YTD change, respectively). The number of week traded […]