Fitch Affirms Iraq at 'B-'; Outlook Stable
By John Lee. Fitch Ratings has affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. More details here. (Source: Fitch Ratings)
Al-Burhan Group Builds Residential Complex in Wasit
By John Lee. Under the auspices of H.E. Mr. Mohammed Shiaa Al-Sudani, the Prime Minister, and in the presence of H.E. Mr. Bangin Rekani, the Minister of Reconstruction, Housing, and Public Municipalities, alongside the honourable Member of Parliament, Mr. Yousif Al-Kalabi, and under the supervision of H.E. Dr. Mohammed Jameel Al-Miyahi, the Governor of Wasit, […]
Iraqi PM Welcomes Chinese Investment in Industrial Projects
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani met with Zhang Jiming, the CEO of China's Changxin Company [Shanxi Changxin?], and accompanying delegation. The Prime Minister highlighted Iraq's abundant investment opportunities during the meeting, expressing the government's commitment to providing necessary facilitations for major international companies. Shang Xin Corporation, a prominent Chinese company with global […]
UNDP Investment-Friendly Arbitration Initiative in Iraq
From the United Nations Development Programme (UNDP): A more investment-friendly economy in Iraq through UNDP`s arbitration initiative Iraq has been taking solid actions to adopt laws and policies that foster investment-friendly economic development intending to end systematic corruption, diversify its oil-dependent revenue and better serve its people. UNDP in Iraq has been working closely with […]
UNOPS Commissions Rehab of Water Plants in Anbar
By John Lee. Tareek al-Tebr has won a contract with the United Nations Office for Project Services (UNOPS) for the "Rehabilitation of Nine Water Treatment Plants in Anbar," specifically in Qaim an Ana [Anah]. The contract is valued at $601,441. Under the same reference, UNOPS granted Salah El-Din Company for General Contracting a contract to […]
UNESCO, EU Create Jobs in Iraq's Cultural Heritage Sector
Iraq: UNESCO and the European Union extend their partnership for training and job creation in the cultural heritage sector UNESCO, the European Union and the Iraqi Ministry of Culture, Tourism and Antiquities announce the launch of a new phase of the project "Reviving Mosul and Basra Old Cities", for an amount of 9 million euros. […]
Duhok Int'l Airport Project about to Start
Duhok Governor Ali Tatar has announced a new project plan for the Duhok International Airport, following Prime Minister Masrour Barzani's directive. The Ministry of Transport and Communications will undertake the project in two stages. With the mapping and review phase complete, implementation is now set to begin. Dylan Rashad, spokesperson for the Ministry, identified the […]
Iraqi Anti-Corruption Academy Launches Laserfiche
From the United Nations Development Programme (UNDP): Iraqi Anti-Corruption Academy Launches Laserfiche: A Digital Transformation Milestone Against Corruption E-governance represents a fundamental shift in the way governments around the world are embracing their mission. By harnessing the potential of technology, Governments are able to establish clear administrative objectives, enhance the quality of public services, make […]
Climate Adaption Key to Iraq's Stability and Economic Development
By Sarhang Hamasaeed, Mac Skelton and Zmkan Ali Saleem, for the United States Institute of Peace (USIP). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Climate Adaption Key to Iraq's Stability and Economic Development As water scarcity grows, Iraq's government needs a comprehensive […]
Turkish Firm to Evaluate Revival of Mosul & Basra
By John Lee. The United Nations Educational, Scientific and Cultural Organization (UNESCO) has awarded Turkish-based ARFADA YENİ TİCARİ EKONOMİK SOSYAL DANIŞMANLIK HİZMETLERİ LİMİTED ŞİRKETİ a contract for "Final External Project Evaluation of Reviving Mosul & Basra Old Cities projects (phases I &II)." The contract value is $36,250. According to UNGM: "The External Final Evaluation shall aims […]
Belgium Contribution Supports Demining in Iraq
Belgium Contribution Enables UNMAS Iraq to Continue Supporting the Government and the National Mine Action Operators The United Nations Mine Action Service (UNMAS) in Iraq welcomes a renewed contribution of EUR 750,000 (approximately USD 802,000) from the Government of Belgium, in support of life-saving mine action activities in Iraq. Activities will include delivering sustainable and […]
Some Allies of Iran want Higher Value for Iraqi Blood
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: As Iraqis confront the US, some allies of Iran want higher value for Iraqi blood The war between Hamas and Israel in Gaza has over the past month made clear that […]