Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Mac Skelton and Abdulameer Mohsin Hussein, for the Konrad-Adenauer-Stiftung. Medicine Under Fire - How Corruption Erodes Healthcare in Iraq The April and July 2021 hospital fires in Nasiriya and Baghdad left hundreds dead, adding insult to injury for a medical system that had already buckled under the weight of the COVID-19 pandemic. Why did […]
WFP and partners revive olive production in Iraq The United Nations World Food Programme (WFP) and partners have inaugurated a new olive press machine as part of economic regeneration efforts for the local community in Bashiqa, Iraq. WFP, the Governor's office, Mayor's office, the Bashiqa Olive Association and Samaritan's Purse's aim is to bring this […]
By John Lee. The Iraqi Cabinet (pictured) has authorised the Minister of Finance to borrow $76 million from the state-owned Trade Bank of Iraq (TBI) to finance the Great Samawa Water Project. (Source: General Secretariat for the Council of Ministers)
UNDP Iraq and the Japan International Cooperation Agency (JICA) have signed a renewed partnership agreement to monitor and support acceleration of the implementation of socio-economic infrastructure projects in Iraq. The projects are implemented by the Government of Iraq (GoI) with loan assistance from JICA with the aim of improving the economic recovery and living conditions […]
By John Lee. FastIraq Co. For Information Technology Ltd., which has a head-office in Baghdad, has won a contract with UNAMI for the provision of "Primary Internet Bandwidth to UNAMI and UNITAD offices in Iraq." The contract is valued at $184,800 and has a potential end date of 30th November, 2024. (Source: UN)
The launch of the National Youth Volunteering Platform (NYVP), a new innovative tool that allows young people in Iraq to be matched to volunteer opportunities, was announced today by the Ministry of Youth and Sports in Federal Iraq, the Ministry of Culture and Youth in Kurdistan Region of Iraq, and UNICEF, in collaboration with United […]
By John Lee. Ziad Akle, Unaoil's territory manager for Iraq, has had his conviction for bribery quashed by the UK's Court of Appeal today (Friday). He had been sentenced to five years' imprisonment in July 2020 having been found guilty of paying over $500,000 in bribes to secure a $55-million contract to supply offshore mooring […]
Germany Increases Support to Boost Employment Opportunities in Iraq with New EUR 18m Contribution Germany and the United Nations Development Programme (UNDP) have today signed a EUR 18.29 million agreement (US$ 21.78 million) to boost employment and economic opportunities for vulnerable communities in Iraq. The generous contribution is the second provided to the Building Resilience […]
Network of Iraqi Alumni from UK Universities Conference 2nd Dec 2021, The Station Conference Hall, Baghdad A special occasion was witnessed on the morning of 2nd December, 2021, by the official launch of the Network of Iraqi Alumni from UK Universities, at a conference held in Baghdad in the presence of government and academic figures […]
The economy is recovering from last year's sharp contraction, helped by higher oil prices and easing of the containment measures. Non-oil real GDP is expected to rebound by 12 percent in 2021 while the fiscal and current account balances are expected to improve significantly. Higher oil revenues present the opportunity to tackle Iraq's significant vulnerabilities, […]
'Fallujah Land': Iraq's Anbar province rebuilds after Isis Writing in the Financial Times, Chloe Cornish says that, five years after defeat of the jihadis, there are signs of fragile economic growth in area known as resistance hotbed. Click here to read the full article (subscription required)
The Trade Bank of Iraq (TBI) has re-joined the Iraq Britain Business Council (IBBC). TBI were original founding members of IBBC and we are delighted to say they are now back in full participation mode, with President Dr Salem Chalabi taking a lead role at the recent IBBC Autumn conference Dubai. At the conference Dr […]
