Korea extends Support to Stabilization in Iraq
The Ministry of Foreign Affairs of the Republic of Korea (MoFA) is supporting the United Nations Development Programme (UNDP) with an additional USD 5M million to support stabilization activities in areas liberated from the Islamic State of Iraq and the Levant (ISIL) in Iraq. The Republic of Korea's contribution will be channeled through UNDP's Funding […]
Netherlands to support UN Electoral Assistance to Iraq
UN signs financing agreement with the Netherlands to support UN electoral assistance to Iraq The United Nations in Iraq welcomes the contribution of EUR 3 million from the Netherlands to a UN-led project to support and assist capacity-building within the Independent High Electoral Commission (IHEC). The Dutch funding will also support deployment of UN electoral […]
Al-Sadr may be preparing a bid to be Iraq's next PM
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Muqtada al-Sadr may be preparing a bid to be Iraq's next prime minister The populist cleric appears to be gearing up for the upcoming parliamentary elections slated for June […]
New Zealand helping to Protect Children in Iraq
UNICEF and New Zealand partner to protect and support children and young people in Iraq UNICEF has welcomed a boost of new funds amounting to USD 1.3 million dollars from the New Zealand Government in support of its Country Programme in Iraq. With this generous funding from New Zealand's Ministry of Foreign Affairs and Trade, […]
Trump "Pulling Dozens of Diplomats out of Iraq"
By Nahal Toosi, for Politico. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Trump pulling dozens of diplomats out of Iraq The Trump administration is pulling out as many as half of America's diplomats from the U.S. Embassy in Baghdad as tensions spike with […]
Germany supporting Vulnerable Children in Iraq
UNICEF receives 26 million from Germany to support national systems and ensure vulnerable children in Iraq receive quality basic and social protection services in Iraq The German Government, through its Development Bank, the Kreditanstalt für Wiederaufbau (KfW), has contributed 26 million Euros to UNICEF in order to help the agency in its ongoing efforts to […]
German Firm wins Contract to Digitise KRG Public Services
KRG Prime Minister Masrour Barzani has presided over the contract signing ceremony between the Ministry of Interior and Germany's Mühlbauer Group to digitalize key public services. During the ceremony, the Prime Minister said that the KRG has no choice but to move forward with technological advancements, recalling the cabinet's agenda on digitalization and commitment to […]
Najaf launches Road Project with Saudi Arabia
By John Lee. The Governor of Najaf governorate has announced a new road project linking the governorate with Saudi Arabia. Luay Al-Yassiry (pictured) is quoted as saying that the project will include the paving a 239-kilometer road, and the building of border outlets and areas for trade. The first phase of the project includes paving […]
Fix-it Wins Local Stage of the Seedstars Competition
The 94 local winners of the Seedstars World Competition (SSW) 2020 have been announced and maintenance service startup Fix-it is set to represent Iraq in the next round of the competition. From the MENA region, 18 startups are set to compete for a spot at the Global Finale, where the grand prize is $500K in […]
Liftings underway at Sarta
By John Lee. Genel Energy has announced that, following first oil production last week, first liftings have taken place from the Sarta field (Genel 30% working interest). According to a statement from the company, the Sarta-3 well is producing at an initial rate of over 5,000 bopd, with an API gravity of c.27 degrees, in […]
Cabinet tightens up on Public Sector Salaries
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet decided to: Approve the recommendations from the specialist working group to complete the comprehensive database of all those who work in the public sector, and to allocate a unique employment number […]
Iraq cuts Oil Exports in November
By John Lee. Iraq's Ministry of Oil has announced initial oil exports for November of 81,262,376 barrels, giving an average for the month of 2.709 million barrels per day (bpd), down from the 2.876 million bpd exported in October. These exports from the oilfields in central and southern Iraq amounted to approximately 78,190,444 barrels, while […]