Contract Awarded for Solar Street Lights in Anbar
By John Lee. Al-Safwa Office has won a new contract with the United Nations Office for Project Services (UNOPS), for the supply and installation of solar street lights in Anbar. The contract is valued at $449,560. (Source: UNGM)
UNESCO, UNICEF commend Iraq's commitment to Education
UNESCO and UNICEF commend Iraq's commitment to transform national education by engaging in the Transforming Education Summit UNICEF and UNESCO have commended Iraq for the submission of the National Statement of Commitment for the upcoming Transforming Education Summit (TES), that will take place in New York from 16 to 19 September. This Commitment outlines a […]
WFP Iraq Country Brief, July 2022
In Numbers 256,176 people assisted in July 2022 US$3.2 m cash-based transfers made US$44.2 m six months (August 2022-Jan 2023) net funding requirements Operational Updates In July, WFP provided cash and food assistance to 184,091 internally displaced persons (IDPs), 68,725 refugees, and 3,360 people from vulnerable communities through resilience building initiatives. In early July 2022, […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD877 (-0.02%) / $764 (-0.02%) (weekly change) (-4.5% and -5.1% YTD change, respectively). The number of week traded […]
$500m for Improvement of Public Services in Kurdistan
By John Lee. As part of reform efforts by the Kurdistan Regional Government's ninth cabinet to improve the delivery of public services and foster economic development in the Kurdistan Region, Prime Minister Masrour Barzani (pictured) has announced the government will allocate 736.7 billion dinars [$505 million] for the years 2022 and 2023 in cash and […]
New Conditions for completion of $-multi-billion Housing Project
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has said that the NIC has specified "a number of legal and financial conditions" to proceed with the development of the Bismaya Residential City southeast of Baghdad. She said the NIC is now waiting for a reply from South Korean firm […]
Possible removal of Iraqi Airways from EU Banned List
By John Lee. The European Union is preparing to allow Iraqi Airways planes to operate again within the EU. On Wednesday, the Ambassador of the European Union to Iraq, Ville Varjola, told the Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, of his quest to resolve this issue with the relevant authorities. The airline […]
Are Iraq's Ambitious Oil Production Goals Feasible?
Writing in Oil Price, Simon Watkins argues that while Iraq's plans to increase oil production are, in broad terms, entirely realistic, the extent of Iraq's ultimately recoverable oil resources is subject to a large degree of uncertainty. Click here to read the full article.
Iraq Invites Bids for Dam on Shatt al-Arab
By John Lee. Iraq's Ministry of Water Resources has reportedly invited bids from three international companies to build a dam on the Shatt al-Arab waterway, to help reduce salinity in the river. Economy News lists the firms invited to bid as Energoprojekt of Serbia, Hydronova of Italy, and Deltares from the Netherlands. It says that […]
UPDATE: Iraq's Finance Minister reportedly Resigns
By John Lee. Iraq's Minister of Finance, Ali Allawi, has reportedly resigned during the Cabinet meeting today (Tuesday). Both Associated Press and Shafaq News Agency cite sources as saying that Prime Minister al-Kadhimi accepted the resignation, and appointed the Oil Minister, Ihsan Abdul-Jabbar Ismail, as Acting Finance Minister. The Prime Minister's statement following the cabinet […]
US Ambassador discusses Money Laundering, Terror Financing
By John Lee. The Governor of the Central Bank of Iraq (CBI), Mustafa Ghaleb Mokhif, received the US Ambassador to Iraq, Alina Romanowski and her accompanying delegation on Monday. He reviewed the efforts of the CBI to support development through monetary policy tools and the direct impact of its initiatives on the real sector progress, […]
KRG Cabinet authorizes 206 Projects in three years
The Kurdistan Regional Government's Ninth Cabinet has implemented several projects and authorized numerous others since assuming office on July 27, 2019. In the past three years, the Cabinet has authorized the implementation of 206 investment projects with a total budget of $11,629,355,000 in different areas of the Kurdistan Region. Crucially, of those 206 projects, 202 […]