Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. GDP growth in Iraq is expected to hit 4.1 percent in 2019, up from 2.8 percent this year, acccording to data from Moody's. The gain is based on an expectation of oil prices averaging $75 per barrel, and would be the highest level since 2016’s 13.1 percent expansion. The National quotes the […]
By John Lee. Abu Dhabi-based Emirates Steel is reportedly considering expansion into Iraq. Chief Executive Saeed Al Remeithi told The National: "We’re always looking at new markets, one of which we are targeting now is Iraq ... "Iraq is a big growth market for us, and from the logistics point of view it is very […]
The German Ministry of Foreign Affairs has contributed an additional EUR 22 million to the UNDP Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas of Iraq liberated from the Islamic State of Iraq and the Levant (ISIL). This brings the Ministry’s contribution to EUR 80.2 million and the total support from the […]
The Government of Norway is supporting the United Nations Development Programme (UNDP) with an additional NOK 25 million (approximately USD 3 million) for stabilization in Iraq, bringing Norway’s total contribution since 2015 to USD 36 million, the seventh largest donor to FFS. The fund will be directed towards UNDP’s Funding Facility for Stabilization (FFS) which […]
Cash-for-Work project in Halabja paves a safer and easier road to school for local children 42 host community members, IDPs and refugees employed to restore roads and walkways that will enable safe access to schools and markets for families in Halabja. To neighbours in the communities of Azadi and Sirwan, in northern Iraq, paved roads […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As the United States enacts sanctions on Iran, Iran is increasing its influence in Iraq with plans for a railway that could work around US restrictions. The state-owned Islamic Republic of Iran […]
The Government of France has contributed US$568,690 (€500,000) to UNDP’s Iraq Crisis Response and Resilience Programme (ICRRP) to promote recovery and resilience-building in areas liberated from the Islamic State of Iraq and the Levant (ISIL). The funding will help improve access to income-generating opportunities for 200 vulnerable returnees in Sinjar and Hamdaniya – where returnee numbers […]
A total of 41 Iraqi civilians were killed and another 73 injured in acts of terrorism, violence and armed conflict in Iraq in November 2018*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The figures include ordinary citizens and others considered civilians at the time of death or injury, […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As the Gulf crisis continues with the rivalry between Saudi Arabia and Qatar, with no sign of a resolution, each country deems it necessary to seek a rapprochement with […]
Large-scale flooding beginning on the morning of Friday (23/11) has wreaked havoc across Iraq, killing several people and causing widespread damage to homes, infrastructure and agriculture, and worsening the living conditions of internally displaced persons (IDPs). In Ninewa governorate, Qayarrah Airstrip and Jeddah IDP camps were particularly affected by the flooding. Among the approximately 7,500 […]
The European Union has adopted today a €56.5 million package to promote sustainable job creation and strengthen support to refugees, internally displaced populations and their host communities in Iraq. This brings the total EU development assistance mobilised in favour of Iraq in 2018 to €129 million and it is part of the €400 million pledged […]
By John Lee. Iraqi President Barham Salih has told an international conference in Rome that Iraq will remove any impediments to Iraqi and foreign private sector companies, as well as international financial institutions, donor countries and sovereign wealth funds, to invest in major infrastructure projects in the country. He added that these projects may include […]
