Iraq Oil Revenue Forecasting Model -- A Critical Assessment
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Revenue Forecasting Model -- A Critical Assessment INTRODUCTION This review was prepared upon request from known international organization (XXX) regarding two documents prepared by a consultant (CCC) on Iraq Revenue Forecasting […]
Iraq, UAE sign MoU on Banking Supervision
The Central Bank of the UAE (CBUAE) and the Central Bank of Iraq (CBI) have signed a Memorandum of Understanding (MoU) on 12th December, to enhance cooperation on banking supervision matters. The MoU covers three main areas, including control and supervisory issues, the exchange of supervisory information, and strengthening bilateral co-operation on training workers and […]
KRG hits back at Genel Energy Claims
By John Lee. The Kurdistan Regional Government (KRG) has responded to the statement on Friday by Genel Energy regarding the production-sharing contracts (PSCs) at Bina Bawi and Miran. The KRG strongly denies that it is in repudiatory breach of the PSCs, and denies that Genel is entitled to any compensation. It adds that it will […]
Iraqi to borrow $76m for Great Samawa Water Project
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)
$1.5m Contract Awarded for UNAMI Camp in Baghdad
By John Lee. Abeer Alshimal Company For General Contracting Ltd., which has offices in Erbil, Dohuk and Mosul, has won a contract with UNAMI for the construction of "new infrastructure with new accommodation, office, welfare buildings at UNAMI Tamimi camp inside the Green Zone in Baghdad." The contract is valued at $1,567,215 and the end […]
UNDP and JICA partner for Socio-Economic Development in Iraq
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 […]
UNAMI awards Broadband Contract in Baghdad
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)
Joint efforts to Combat Corruption in Iraq
The fight against corruption requires collective action with the full participation of public authorities, the private sector, civil society, the media, and all citizens. It will be essential all actors coordinate and synergize their efforts to enhance effectiveness and achieve significant results for the country. International Anti-Corruption Day is observed annually on 9 December since […]
Chaldean Archbishop, FAO support Returnees in Nineveh Plains
Chaldean Catholic Archbishop teams up with FAO to support returnees dependent on agricultural livelihoods in the Nineveh Plains A FAO Iraq delegation visited the Chaldean Catholic Cleric and current Archbishop of Erbil, His Eminence Bashar Matti Warda, headed by Dr. Salah El Hajj Hassan, FAO Representative in Iraq, together with a number of female farmers […]
Iraq's first National Youth Volunteering Platform is Launched
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 […]
Iraq announces End to US-led Combat Role
By Jared Szuba for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq announces end to US-led combat role with no fanfare The defeat-IS coalition will continue its advisory mission into next year, despite a declared end to a combat role. […]
Unaoil Bribery Conviction Quashed
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 […]