Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
By John Lee. U.S. Army Lieutenant General Sean MacFarland has said the US military was working with the Iraqi government on a plan to protect civilians in the event of a collapse of Mosul Dam. Reuters quotes him as telling journalists in Baghdad: "The likelihood of the dam collapsing is something we are trying to […]
With no let-up to the war in Syria, UN, humanitarian and development agencies in Iraq have appealed for $298 million in ongoing assistance for nearly 250,000 Syrian refugees in Iraq. The appeal was made at the launch of the Iraq chapter of the Syria Regional Refugee and Resilience Plan (3RP) in Erbil today, attended by […]
By John Lee. Iraq has reportedly agreed a $328.8 million deal with General Electric. Electricity Ministry spokesman Musab al-Mudaris told Reuters that GE will provide equipment and maintenance for 10 power plants across the country, boosting capacity by 1,000 megawatts (MW). He added that Baghdad will pay GE in instalments over three years, starting in […]
The Kingdom of Norway has contributed an additional US$2.8 million to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This is the second contribution from the Kingdom of Norway in recent months, and will be dedicated to restoring livelihoods […]
By John Lee. Prime Minister Dr. Haider Al-Abadi has inaugurated the new 500-MW Najibiyah gas power station in Basra province. The Prime Minister congratulated the citizens and the people of Basra on this important achievement which will increase the supply of electricity. Dr. Haider Al-Abadi said electric power is the lifeblood of the country and […]
The Czech Republic has contributed US$200,000 to UNDP’s Funding Facility for Immediate Stabilization (FFIS) which channels fast-track support to help rehabilitate civic infrastructure, kick-start local economies, boost government capacity and promote community reconciliation. UNDP Resident Representative and UN Resident and Humanitarian Coordinator for Iraq, Ms. Lise Grande said: “The generous contribution from the Czech Republic comes at a […]
As a necessary step after the liberation of Shingal district mid November 2015, the Ministry of Interior of the Kurdistan Regional Government (KRG), Joint Crisis Coordination Centre (JCC) has conducted a rapid damage assessment on the early recovery needs for the town of Shingal. On the 13th of November 2015, the Peshmerga forces, supported by […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The year 2015 saw the liberation of several areas of Salahuddin (Tikrit) and Anbar (Ramadi - pictured) provinces from the grasp of the Islamic State with operations toward that end ongoing. Yet, to date […]
By John Lee. Anbar officials estimate that the reconstruction of Ramadi, recently liberated from the Islamic State group (IS, ISIS, ISIL, Daesh), will cost $10 billion (12 trillion Iraqi dinars), as the government says that about 80 percent of the city has been destroyed. According to the report from the Wall Street Journal (WSJ), Iraqi politicians […]
By Simon Kent. APR Energy plc has announced that it has signed for an extension of its power generation contract in Iraq. The company run a gas fired power station that provides electricity for Iraq's southern port city of Basra. According to APR, the power plant has been in operation since 2012 and comprises six […]
In a ceremony in Baghdad today, Sweden signed a US$4 million agreement with the United Nations Development Programme (UNDP) to support stabilization in newly liberated areas of Iraq. The contribution, provided to UNDP’s Funding Facility for Immediate Stabilization (FFIS), will help thousands of people as they try to restart their lives in areas which have […]
The Kingdom of Norway and the United Nations Development Programme (UNDP) signed a $1.8 million partnership agreement today to support stabilization in newly liberated areas in Iraq. Norway’s contribution will be channeled through UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas retaken from the Islamic State of Iraq and the […]
