By John Lee. The United Kingdom has committed GBP 3 million (approximately US$ 4.1 million) to support the Government of Iraq's response to the coronavirus disease (COVID-19) pandemic, in partnership with the United Nations Development Programme (UNDP). With this contribution, the United Kingdom joins 12 international partners in supporting UNDP's COVID-19 rapid health emergency response […]
By Anthony H. Cordesman, for the Center for Strategic and International Studies (CSIS). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. [Please note that this report was issued on 1st April 2021, several days before the Strategic Dialogue between the United States and Iraq.] […]
By John Lee. The United Kingdom has removed Iraq from the list of high-risk third countries for the purposes of money laundering legislation. The new listing -- "Schedule 3ZA" -- does not include Iraq. This schedule replaces the list in Commission Delegated Regulation (EU) 2016/1675 of 14th July 2016 by identifying high-risk third countries with […]
By John Lee. French-based Axens -- part of the IFP Energies Nouvelles group -- has said it is pleased to continue working with JGC Corporation on the Basrah Refinery Upgrading Project. Earlier this month, Prime Minister Mustafa Al-Kadhimi laid the foundation stone for the $4bn-project. In a statement, the company said: Part of Iraq's Ministry […]
By John Lee. Mastercard has signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country's payment ecosystem in a bid to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the advancement toward a cashless society. According to a statement from the company, the […]
By John Lee. The North Oil Company (NOC) has said that two oil wells in the Bai Hassan field in Kirkuk were attacked in an act of sabotage on Saturday. The explosions did not result in damage or injury. (Source: Ministry of Oil)
Corruption Worse Than ISIS: Causes and Cures for Iraqi Corruption The Iraq Britain Business Council (IBBC) is delighted to invite you to the public launch of Professor Frank Gunter's new paper on corruption in Iraq on Monday 26th of April from 1pm - 2pm BST. Following the presentation of the paper there will be comments from […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has officially opened a new power station in Muthanna Governorate. The plant was built by the American company GE, and Turkey's Enka. According to @HarryIstepanian, the plant is in Samawa, and uses four GE "Frame-9E" turbines to provide 500MW of power. (Source: Office of the Prime Minister, @HarryIstepanian)
By Humam Miscone, for The Iraqi Economists Network (IEN). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. World Bank's Assessment Is Flawed - Manufacturing Is Viable in Iraq. Additional Reflections on Iraq's Industry. These additional reflections are prompted the article of Dr. Amer Hirmis […]
An international jury has announced that an entry by eight Egyptian architects won the international competition for the reconstruction of the historic Al-Nouri Mosque complex in Mosul, Iraq, a major component of UNESCO's ambitious project for the rehabilitation of the ancient city, Revive the Spirit of Mosul. Selected from among 123 entries, the winning design […]
By Banafsheh Keynoush, for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Water scarcity could lead to the next major conflict between Iran and Iraq Iran and Iraq are frequently at odds over water issues. Iraq depends on the […]
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. More Lebanese doctors leave for Iraq As Lebanon is sinking deeper into an unprecedented financial and political crisis, many medical doctors are increasingly packing their bags and leaving for […]
