By Dr. Layth Mahdi. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Prime Minister's Job Development Office: Best Chance for Reducing Unemployment and Poverty Iraq economy has suffered for the past 18 years due to continued violence, economic mismanagement, flawed policies and the absence […]
By John Lee. The Dhi Qar Oil Company (DQOC) has reportedly said that Litasco, the international marketing and trading company of Russia's LUKOIL, will finance the doubling of capacity at the Nassiriyah oil field from 100,000 barrels per day (bpd) to 200,000 bpd. The project includes a 42-kilometer pipeline, and will be a joint venture […]
ALIPH and the Iraqi Ministry of Culture join forces to rescue the Arch of Ctesiphon, the world's largest brick vault constructed until modern times The International alliance for the protection of heritage in conflict areas (ALIPH) and the Iraqi Ministry of Culture, Tourism and Antiquities have announced urgent stabilization measures to protect the endangered Arch […]
By John Lee. Construction projects in Anbar province have created jobs, and provincial capital Ramadi could soon have Iraq's largest shopping mall, according to a report from Al Jazeera. It adds that the push for more investment underpins the province's ambitions for greater autonomy. Click here to read the full article. (Source: al Jazeera)
United Kingdom National Charged with Bribery and Kickback Scheme Involving Iraqi Reconstruction Contracts A United Kingdom national is charged with wire fraud and conspiracy to commit bribery for his role in a scheme involving the award of millions of dollars of U.S. Army Corps of Engineers (USACE) reconstruction contracts in Iraq, Acting U.S. Attorney Rachael […]
By Salam Zidane 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's reform budget heads to parliament Parliament is debating the 2021 budget, which is the first budget drafted based on the White Paper for economic reform. Click here to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th January 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD687 (-1.0%) / $608 (-1.0%) (weekly change) (-5.3% and -8.3% YTD change, respectively). The number of week traded […]
By John Lee. Iraq's Ministry of Oil has signed a Memorandum of Understanding with French oil company Total. According to a statement from the Ministry, both sides have "achieved advanced cooperation steps towards implementing large projects in the oil and energy sector." The document was signed in Baghdad by Oil Minister Ihsan Abdul-Jabbar Ismail and […]
By John Lee. Iraq's Cabinet has approved an allocation of $100 million to buy Coronavirus vaccines. The funding was provided with the assistance of the World Bank. (Source: Iraqi Cabinet, Office of the Prime Minister)
By John Lee. French petroleum consultancy Beicip-Franlab met with Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail in Baghdad on Wednesday to discuss strategic plans to develop oil and gas fields in the country. Among those in attendance were the company's Chairman and CEO, Jean Burrus, and the French Ambassador to Iraq, Bruno Aubert. (Source: Iraqi Ministry […]
ILO and UNICEF collaborate to support vulnerable youth in Iraq to develop skills and transition from training to decent employment, with support from the Government of the Netherlands The United Nations Children's Fund (UNICEF) and the International Labour Organization (ILO) in Iraq are working together to help young forcibly displaced persons and host community members […]
Belgium Provides Additional USD 1.8 Million for UNMAS Activities in Iraq The United Nations Mine Action Service (UNMAS) in Iraq welcomes an additional contribution of EUR 1.5 million (approximately USD 1.8 million) from the Government of Belgium that will play a pivotal role in supporting the Government of Iraq to assist those impacted by explosive […]
