By John Lee. Iraq's Ministry of Finance has initiated the payment of compensation totalling over 175 billion dinars to the Ministry of Agriculture for damages caused by floods and rains in the following provinces: Basra: 32.69 billion dinars Maysan: 7.91 billion dinars Wasit: 12.41 dinars Muthanna: 122.87 dinars The disbursement is based on Cabinet Decision […]
By John Lee. Ahla Al-Jinan Company has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Construction of the Woman Shelter in Diwaniyah Governorate". The contract is valued at $172,225. The potential end date is given as Monday, February 19, 2024. (Source: UN)
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Assessing the Risks of a Wider Middle East Conflict The market, as measured by the Rabee Securities US Dollar Equity Index (RSISX USD Index), was down 3.4% in […]
By Mohammed A. Salih, for the Foreign Policy Research Institute (FPRI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Recentralization Imperils Iraq's Stability and Fuels Regional Tensions Iraq is at a pivotal juncture, diverging from its post-2003 vision of a federated state as […]
By John Lee. The Kurdistan Regional Government (KRG) has allocated more than 70 billion Iraqi Dinars [$53 million] annually for the procurement of cancer medications, equipment, and medical supplies. Speaking at the laying of the foundation stone for the LINAC Radiotherapy Radiation Cancer Treatment Centre in Duhok, KRG Prime Minister Masrour Barzani also appealed to […]
By John Lee. Iraq's Oil Pipeline Company has successfully completed a project to extend a dry gas pipeline (16 inches in diameter) that supplies the Kirkuk Gas Power Station from the Khor Mor fields. The pipeline, with a length of 1,050 meters, was constructed in two phases and is expected to transport an additional 100 […]
By John Lee. In a meeting of the Joint Management Committee, Iraq's Oil Ministry discussed the development plan for fields and projects contracted with the French company TotalEnergies. The Deputy Minister for Extraction Affairs affirmed the ministry's commitment to implementing strategic projects with TotalEnergies and QatarEnergy. According to a statement from the Ministry, the four […]
By John Lee. Texas-based Bell Helicopter, a wholly-owned subsidiary of Textron Inc., has been approved for a possible $300-million military contract with Iraq. Full statement from the US Defense Security Cooperation Agency (US DSCA): The State Department has made a determination approving a possible Foreign Military Sale to the Government of Iraq of Bell Helicopter […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has Barzani has opened what is described as the largest cardboard and packaging factory in Iraq. Masrour Barzani opened the Fabyab facility in Erbil on Tuesday, saying: "This factory plays a crucial role in bolstering our agricultural sector by providing essential packaging and […]
By John Lee. Al-Ekhwa Al-Nubalaa for General Trading & Contracting Limited has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of Cat IV Housing Units in Ninewa, Sinjar and Ba'aj Districts" The contract is valued at $1,657,607. (Source: UNGM)
By John Lee. WEE Pros GmbH (Water, Energy, Environment Professionals) has won a contract with the United Nations Office for Project Services (UNOPS) for "Capacity Building for Professional Services of Beneficiaries, NGOs & Private Sector staff and the Public Sector staff members in Anbar." The contract is valued at $95,000. The company describes itself as […]
Iraq - Drivers of Climate Induced Displacement: Climate Vulnerability Assessment (October 2023) Climate change and environmental degradation have contributed to the displacement of at least 55,290 individuals in assessed locations in central and southern Iraq between January 2016 and October 2022. This figure represents an estimated 15 per cent of the original population that used […]
