Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
By the end of the second quarter of 2017, the Funding Facility for Stabilization (FFS) expanded its work with over 1,000 projects underway that support the Government of Iraq's efforts to stabilize 23 newly liberated areas. This report outlines the progress made from 1 April to 30 June 2017 by FFS in the governorates of […]
On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Iraq. Iraq is facing a double shock arising from the conflict with ISIS and the plunge in oil prices. In 2016, real GDP increased by 11 percent owing to a 25 percent increase in oil production, which was […]
On August 5, the Japan International Cooperation Agency (JICA) under the Government of Japan signed a loan agreement with the Government of the Republic of Iraq in Baghdad to provide a Japanese ODA loan of up to 21.556 billion yen (equivalent to approximately USD 191 million[1]) for the Hartha Thermal Power Station Rehabilitation Project (Phase […]
The Iraq Britain Business Council (IBBC) has held its first major networking event in Dubai, to accommodate the demand from its members, who operate from Dubai as a regional business hub. Vikas Handa, the IBBC UAE Representative said over the last few years UAE has emerged as the hub for companies doing business in Iraq, […]
Swiss-based ABB has won an order to supply and install a substation at the 3,000 megawatt (MW) Rumaila power plant, located in the Basra region of southern Iraq. The completed power plant will be operated by Shamara Holding Group (SHG), one of Iraq’s largest private industrial conglomerates and an independent power producer. The Rumaila power […]
EU and UNESCO organize High-Level Workshop on “Building a Roadmap for Effective Groundwater Management in Iraq” The European Union (EU) and UNESCO organized a high level meeting on “Building a Roadmap for Effective Groundwater Management in Iraq”, in the context of the EU-funded project entitled “Advanced hydrogeological survey of groundwater resources in Iraq phase 2 […]
On Tuesday 1 August, 2017, the Iraq Britain Business Council (IBBC) will hold its first networking event in Dubai. The event follows the appointment of Vikas Handa (pictured) as IBBC UAE representative. Vikas intends to host regular networking events in the UAE for IBBC members and companies that are interested in working in Iraq. Since […]
The United Nations Development Programme (UNDP) and Sulaimaniyah Governorate completed the rehabilitation of the main water network providing safe drinking water to hundreds of thousands of people. UNDP’s Iraq Crisis Response and Resilience Programme (ICRRP) and Sulaimaniyah Governorate repaired key components of the main pipeline that transfers water from Dukan Lake to Sulaimaniyah Governorate. Pumping […]
The Iraq Britain Business Council (IBBC) held its annual weekend retreat on 7-9 July at Cumberland Lodge, Windsor Park, a venue dedicated to the advancement of international societal issues through constructive dialogue. Around 60 IBBC Members and guest speakers attended this unique event to discuss pressing issues on the future of Iraq’s economy, prospects and […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Haider al-Abadi declared victory in the "liberated" city of Mosul on Sunday, his office said, in the biggest defeat yet for the Islamic State group:
Enabling children to grow, develop skills and remain safe “Every day on my way home from school, my friends and I spend our afternoon playing at the playground,” said Mahdi, 11, from Al Nashwa sub-district of Basra, South of Iraq. In 2015, and under the UNDP-Shell Partnership, four playgrounds were constructed between Basra’s sub-districts of […]
Marking a key milestone in Fallujah’s recovery, the Government of Iraq and UNDP’s Funding Facility for Stabilization (FFS) re-opened Al Azrakiyah Water Treatment Plant, which provides safe water to more than 60% of the city. The rehabilitation of the plant was one of the key projects requested by the Anbar Command Cell, which is responsible […]
