From the World Bank: Without Reforms, Iraq's Oil Boom Could Turn to Bust Iraq's economy continued its oil-driven recovery after the sharp pandemic-induced recession in 2020, but non-oil sectors have stagnated, and growth constraints have reemerged. Despite a record oil windfall and a long-awaited new budget, Iraq nevertheless remains at risk of missing the opportunity […]
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded Dilnia Insurance a contract for comprehensive vehicle insurance for 6 UNOPS vehicles in Baghdad and Erbil. The contract value is $10,730. (Source: UNGM)
Poland reaffirms commitment to Iraq's stabilization with additional US$270,000 contribution Iraq's post-ISIL stabilization efforts will continue to make a difference in the lives of the most vulnerable, as the Government of Poland reaffirmed its commitment with an additional inject of funding in the amount of 1.1 million Polish zloty (approximately US$ 270,000) towards UNDP's Funding […]
By John Lee. The Iraqi Ministry of Health has invited interested parties to pre-qualify for the management and operation of six teaching hospitals: Al Sadeq Teaching Hospital 492 beds/ Babel Al Hasan Al Mujtaba Teaching Hospital 492 beds/ Karbala Al Najaf Teaching Hospital 492 beds/ Najaf Al Hakeem Teaching Hospital 492 beds / Maysan Al […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said that spending on the oil industry in Iraqi Kurdistan has been cut by $400 million as a result of the closure of the Iraq-Turkey pipeline (ITP). Full statement from APIKUR: The Association of the Petroleum Industry of Kurdistan (APIKUR) notes that […]
By John Lee. On Sunday, Iraqi Prime Minister Mohamed Al-Sudani chaired the second meeting of the High Committee for the Development Road Project ("dry canal" project). The meeting reviewed recent progress made by relevant authorities in advancing the project, with each responsible for their respective tasks. They also discussed updates on procedures with interested countries […]
By John Lee. President Abdullatif Jamal Rashid met with Minister of Water Resources, Engineer Aoun Diab Abdullah, to address the pressing issue of water scarcity in Iraq. The President stressed the need for cooperation with upstream countries to increase water flow and maintain Iraq's fair share of water. He also emphasized the importance of constructing […]
UNIDO and Government of Japan Collaborate on Sustainable Development of the Food Industry by Building Iraqi Government Staff Capacity The United Nations Industrial Development Organization (UNIDO), in collaboration with the Ministry of Industry and Minerals, conducted the second training workshop on food safety and quality. This workshop was a significant component of the project "Emergency […]
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the six-month period ended 30 June 2023, parent company Ooredoo said: "Asiacell achieved very solid Revenue growth in H1 2023, with a YoY increase of 16%, reaching a total of QAR 2,024 million. This growth […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: The significance of Iran-Iraq energy swaps Baghdad and Tehran earlier this month signed a deal to swap Iranian natural gas for Iraqi crude and fuel oil. If implemented, the July 17 accord […]
By Hamzeh Hadad, for the European Council on Foreign Relations (ECFR). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A golden opportunity: How Iraq can benefit from regional calm Following the recent thaw in relations between Iran and Saudi Arabia, Iraq is strengthening […]
By Amberin Zaman 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 Yazidis appeal to Baghdad for funds to rebuild their native Sinjar Iraq's Yazidi groups are pleasing for more financial assistance to rebuild Sinjar, which was decimated by the […]
