Archive | 2020

Ummet Al Salam wins $920k Contract in Diyala

By John Lee. Ummet Al Salam Co. Ltd. for General Trading & Contracting has won two contracts with the United Nations Office for Project Services (UNOPS): Rehabilitation of Internal Roads in in Al Khaless in Al Mansouriah District, Diyala Governorate. Contract worth $680,000; Supply and installation solar street lights in in Al Khaless in Al […]

Iraq Reparations to Kuwait Extended to 2022

By John Lee. The United Nations Compensation Commission (UNCC), which was established to pay compensation for losses and damage as a direct result of Iraq's unlawful invasion of Kuwait in 1990, has made available $230 million to the Government of Kuwait towards the Commission's remaining claim with an outstanding award balance. With this payment, the […]

US threat to shutter Baghdad Embassy 'Ongoing'

By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US threat to shutter Baghdad embassy 'ongoing,' says Syria envoy Outgoing US Syria envoy James Jeffrey says the State Department's threats to close the US Embassy in Iraq is "very serious." […]

Iran "to Sign Military Cooperation Deal with Iraq"

Iran to Sign Military Cooperation Deal with Iraq: Top General Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri (pictured) unveiled plans for signing an agreement with Iraq on military and defense cooperation. Speaking to reporters after a meeting with Iraq's defense minister in Tehran on Sunday, Major General Baqeri said […]

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Mansuriya Gas Contract "Cancelled"; Russia "Extremely Interested"

By John Lee. Iraq has reportedly cancelled a contract to develop its Mansuriya gas field near the Iranian border. Iraq Business News understands that, under a deal agreed in 2010, the field was being developed by Turkish Petroleum (TPAO) (37.5%), Iraqi Oil Exploration Company (25%), Kuwait Energy (KEC) (22.5%), and Kogas (15%). According to Reuters, […]

PM encourages Saudis to Invest in Iraq

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq, Saudi Arabia agree to boost ties Iraqi Prime Minister Mustafa al-Kadhimi had a virtual meeting Nov. 10 with Saudi Crown Prince Mohammed bin Salman, to discuss Saudi investments […]

JICA, UNDP Renew Partnership on Iraq Infrastructure Projects

JICA and UNDP Iraq Renew Partnership Agreement to Accelerate Infrastructure Projects The Japan International Cooperation Agency (JICA) and UNDP Iraq have signed a renewed partnership agreement to monitor and support the acceleration of the implementation of socio-economic infrastructure projects in Iraq. The projects are implemented by the Government of Iraq (GoI) with loan assistance from […]

Empowering Young Iraqis: New Partnership Signed

The United Nations Development Programme (UNDP) and the Iraqi Ministry of Youth and Sport (MoYS) have signed a new Memorandum of Understanding (MoU) to empower Iraqi youth and promote youth leadership, citizenship and effective participation in decision-making. The three-year MoU provides a framework of cooperation between the two partners to support innovative solutions to social […]

France signs agreement to support Iraqi Elections

By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. France signs financing agreement with UN to support Iraqi elections The UN-France deal supports Iraq's Independent High Electoral Commission ahead of early elections slated for next summer. Click here to read […]

Al-Kadhemi opens new Medical Center in Najaf

By John Lee. Iraqi Prime Minister Mustafa Al-Kadhemi has opened the new Al-Shifa Medical Center 13 at Al-Kindi Hospital in Najaf. The new facility is built on an area of two thousand square meters, with capacity of 120 beds, including 48 beds for intensive care. It has beds for dialysis and an integrated oxygen system, […]

KRG Opposes new Federal Budget Bill

By John Lee. The Kurdistan Regional Government (KRG) has expressed concerns and signaled its opposition to legislation put forward by the Iraqi parliament on Thursday that it says would once more cut the Kurdistan Region's share of the federal budget. The Council of Ministers issued the following statement: "The Kurdistan Regional Government commends the Kurdistan […]

Iraqi Officials Welcome Biden Presidency

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi officials welcome Biden presidency While Iraqi leaders and officials have welcomed a Biden presidency, there are worries about what direction US policy will take when it comes to Baghdad. Click […]