From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is looking to strengthen its economy after decades of war, sanctions, sectarian division and the rise of the Islamic State of Iraq and the Levant (ISIL or ISIS). It has achieved some […]
Tag Archives | reconstruction
President voices Support for Private Sector
By John Lee. President Barham Salih has highlighted the need to address the obstacles impeding the work of the private sector in Iraq. Addressing a delegation from the Iraqi Federation of Chambers of Commerce at his Office in Baghdad, the President stressed the importance of enhancing the role of the private sector in reconstruction. Mr. […]
Iraq call on Turkish Companies to assist Reconstruction
By John Lee. Iraqi Foreign Minister Mr. Mohamad A. Alhakim received Turkish Foreign Minister Mr. Mevlüt Çavuşoğlu at the Ministry’s headquarters in Baghdad; they reviewed bilateral relations, areas of joint cooperation between Baghdad and Ankara, as well as regional issues and mutual interest. Minister Alhakim called for Turkish companies to contribute to the reconstruction of […]
$64m Stolen from Mosul after Governor Sacked
By Editor on 24th April 2019 in Construction & Engineering In Iraq, Iraq Public Works News, Security
By John Lee. Approximately $64 million has reportedly been embezzled in Mosul by officials said to be close to the recently-sacked governor, Nawfel Akoub, who is currently on the run following a warrant for his arrest in relation to the Mosul ferry disaster. AFP quotes Iraq’s Integrity Commission as saying that officials “close to Akoub” […]
Iraqi Investment and Reconstruction Conference in Rome
By Editor on 6th April 2019 in Construction & Engineering In Iraq, Investment, Iraq Industry & Trade News
Sponsored by the Embassy of the Republic of Iraq in Rome, and in coordination with the Federation of Italian Industries, the Iraqi Conference on Investment and Reconstruction was held at the end of March to discuss investment opportunities and the contribution of Italian companies in the reconstruction of Iraq. Representatives of more than 200 Italian […]
Japan gives another $5.4m for Iraq Reconstruction
The United Nations Human Settlements Programme (UN-Habitat) has welcomed an additional contribution of USD 5.4 million from the Government of Japan to support reconstruction and peacebuilding in Iraq through the rehabilitation of war-damaged houses and construction of low-cost housing units in key liberated cities. More than one year from the declaration of the military victory […]
Tags: featured, Japan, mn, reconstruction, UN-HABITAT, United Nations Human Settlements Programme (UN-Habitat)
Restoration of 15,000 Homes underway in Mosul
The United Nations Development Programme (UNDP) is rehabilitating 15,000 houses in West Mosul, bringing the total number of houses in its stabilization portfolio to more than 30,000 – the largest of its kind in Iraq. The project in West Mosul covers 29 neighbourhoods that were hardest hit during the fight to liberate the city from […]
Video: Where is the Money for Iraq Reconstruction going?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, reconstruction remains a daunting obstacle to displaced people returning home. The government has allocated money and established commissions for people to file for assistance. But there is little sign of that […]
EU announces additional EUR 50m for Iraq
The EU has announced an additional €30 million in humanitarian assistance. Another €20 million in development funding will contribute to the reconstruction of the country’s cultural heritage, as well as the creation of jobs and opportunities for vulnerable youth. The announcement was made by Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides (pictured), on […]
Turkey to provide $5bn Loan to Iraq
By John Lee. Turkey will reportedly provide around $5 billion in loans for the reconstruction of Iraq. According to Anadolu Agency, Foreign Minister Mevlut Cavusoglu (pictured) told a meeting in Istanbul on Sunday: “We will provide $5 billion credit … We have already begun coordination of these works for the reconstruction of Iraq,” (Source: Anadolu Agency)
UK announces $43m Iraq Aid Package
By Editor on 29th January 2019 in Construction & Engineering In Iraq, Healthcare, Iraq Education and Training News, Iraq Public Works News
A new UK aid package is to help the Government of Iraq to reinvigorate its economy and rebuild hospitals, schools and other vital infrastructure, allowing Iraqis displaced by conflict to return home and restart their lives, UK Minister for the Middle East Alistair Burt announced during a four-day visit to Iraq. The UK is the […]
Tags: featured, Funding Facility for Stabilization (FFS), germany, Iraq Reform and Reconstruction Fund (IRRF), Office of the Coordinator of Humanitarian Affairs (OCHA), reconstruction, UN Development Programme (UNDP), United Kingdom, World Bank
Jordan’s Contractors see New Opportunities in Iraq
By John Lee. Business leaders in Jordan have reportedly welcomed increased access to Iraq’s $88.2-billion reconstruction efforts. According to a report from Jordan Tmes, a recent agreement to grant Jordanian construction contractors equal status to their Iraqi peers was described as “a God-sent miracle” by engineer and board member of the Jordan Construction Contractors Association (JCCA) […]