The Ministry of Planning's Central Statistical Organization (CSO) in partnership with the United Nations Development Programme (UNDP) and with funding from the United States Agency for International Development (USAID) has launched a study on Micro, Small, and Medium-Enterprises (MSMEs) in Iraq. The study provides an evidence base to inform policies and strategies aimed at creating […]
Supporting Iraq's Local Economic Development through Sustainable Energy Solutions - New Projects Launched Three innovative projects aimed at promoting sustainable energy solutions were launched today in partnership with the European Union and the United Nations Development Programme (UNDP) in Iraq and the governorates of Erbil, Sulaymaniyah, and Duhok. The projects, which were designed by the […]
By John Lee. The head of the Kurdistan Board of Investment has reportedly said that it has granted of 112 licences for factories making construction materials, with the intention of helping to ease the housing crisis in the region. According to the report from IQ News, the total investment is valued at $4 billion. (Source: […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi visited Tehran on Sunday and met with Iran's President, Ebrahim Raisi. According to media sources, Kadhimi is the first first foreign leader to meet the new Iranian leader. He also met the Speaker of the Iranian Shura Council, Muhammad Baqir Qalibaf, and the First Vice President of […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi has ordered a doubling of the number of visas granted to visitors from Islamic countries who want attend the Arbaeen pilgrimage in Karbala. Just days ago, Iraq's Supreme Committee for Health and National Safety has approved the entry of 30,000 thirty thousand visitors from Iran and 10,000 […]
By John Lee. Iraq has reportedly re-started the supply of crude oil to Jordan by road. Shipments ended in November 2020 following the expiration of the previous agreement. The latest agreement sees a total of 3.7 million barrels being exported from Baiji refinery to the Jordanian refinery at Zarqa, at a rate of 10,000 barrels […]
By John Lee. The recently-created Iraqi National Oil Company (INOC) has held its first meeting in Baghdad. Among the items discussed were the five-year plan for the oil exploration sector, and what were described as "interim and future production and export plans", in coordination with the State Oil Marketing Organization (SOMO). (Source: Ministry of Oil)
UNDP partners with Toyota to support youth employment and sustainable development in Iraq A Memorandum of Understanding (MoU) has been signed today between Toyota and the United Nations Development Programme (UNDP) in Iraq to support youth employment and advance the achievement of the Sustainable Development Goals (SDGs). The three-year MoU focuses on supporting vulnerable communities […]
By John Lee. Elsewedy Electric and Toyota Tsusho Corporation (TTC) have reportedly announced the completion of four electrical substations in Southern Iraq. According to Zawya, the $546-million contract was signed in February 2018, with the participation of the Japan Bank for International Cooperation (JBIC), Bank of Tokyo-Mitsubishi UFJ, and Sumitomo-Mitsui Banking Corporation, under insurance cover […]
The United Nations World Food Programme (WFP) has expanded its resilience-building programme across Salah al-Din governorate north of Baghdad, to respond to growing concerns about the lower than usual rainfall in Iraq. This year has seen the second lowest rainfall in 40 years in the country. WFP's livelihoods work, implemented with local communities, the Government […]
Pearl Petroleum, the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to support the gas expansion works currently under way at the Khor Mor gas plant in the Kurdistan Region of Iraq (KRI). DFC is the development […]
By John Lee. The Kurdistan Regional Government's Council of Ministers approved on Wednesday the Agricultural Projects Oversight Bill. According to a statement from the KRG, the bill will play a significant role in creating new jobs for recent graduates, notably from agricultural colleges and institutes. (Source: KRG)
