Govt Increases Incentives at Bismaya; pays Hanwha $100m
By John Lee. The Iraqi Cabinet has directed Al-Rafidain Bank, Al-Rasheed Bank, and the Trade Bank of Iraq (TBI) to pay $100 million to South Korea's Hanwha Engineering and Construction Company, which is implementing the Bismayah City residential project (pictured). It also agreed to reduce the minimum advance payment for buying housing units at the […]
Amarinth delivers $650k Pumps to Garraf Oilfield
UK-based pump company Amarinth has delivered four API 610 VS4 vertical pumps with Plan 53B seal support systems for the Oil Train 5 Project at Garraf oilfield. Located at the northwest of Al-Refaei, approximately 85 kilometers north of the City of Nasiriya, half way between the Tigris and Euphrates rivers in the southeast of Iraq, […]
Rhetoric Without Action Weakens Iraqi State
By Rasha Al Aqeedi, for the Center for Global Policy (CGP). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Rhetoric Without Action Weakens Iraqi State Unlike his predecessors, the current Iraqi prime minister has spoken out against militia violations. But his failure to […]
KRG DPM Talabani to Speak at Virtual Kurdistan Iraq Economic Forum
Kurdistan's Deputy Prime Minister HE Qubad Talabani to Speak at the Virtual Kurdistan Iraq Economic Forum Inaugural Conference set to navigate the economic future Kurdistan and Iraq Conference will include online sessions available live and on demand for all attendees Delegates will gain insights into the latest policy and project announcements, crucial for successful investment […]
Iraq: $660m needed for Priority Stabilization Needs
$660m required to cover priority stabilization needs in areas liberated from ISIL Support to Iraq's displaced populations through the rehabilitation of critical infrastructure and services damaged in the ISIL conflict, livelihoods creation, local capacity development and social cohesion will continue under a three-year extension of the United Nations Development Programme (UNDP) in Iraq's flagship programme, […]
Calls for Expression of Interest: Training on GBV Reporting
Calls for expression of interest: training on GBV reporting during health crises The United Nations Population Fund (UNFPA) in Iraq will conduct in collaboration with UNFPA Syria Hub a training session for Arab-speaking journalists in Iraq on GBV reporting during health crises: COVID-19. This training aims to provide participants with advanced skills in covering gender-based […]
Iraqi Camp Closures leave 100,000 in Limbo
The ongoing rapid closure of displacement camps in Iraq is rendering homeless more than 100,000 people in the middle of the Covid-19 pandemic and at the onset of winter. The Norwegian Refugee Council (NRC) is extremely concerned about the fate of thousands of displaced families living in camps across the country that are being closed […]
Why you should come to IBBC Conference: Opportunity in Adversity
Why you should come to the IBBC Conference in Dubai, entitled 'Opportunity in Adversity' On 19th November the Iraq Britain Business Council (IBBC) is holding its Autumn conference in person at the Address hotel Dubai Marina. Some would say it's a brave decision, considering COVID, but others are keen to take up the challenge and […]
France to support Electoral Capacity Development in Iraq
UN signs financing agreement with France to support Electoral Capacity Development in Iraq The United Nations in Iraq welcomes the contribution of EUR 1 million from France to a UN-led project to support and assist the Independent High Electoral Commission (IHEC). The contribution will help deploy UN electoral advisers as IHEC prepares for upcoming elections. […]
Iraq Fiscal Reforms Key to Curbing Forex Reserve Decline
The Iraqi government's proposal to shrink public-sector payrolls and pension costs as part of efforts to reduce fiscal imbalances and ease financing strains could slow the depletion of foreign-exchange reserves, but will be tough to implement and risks aggravating social unrest, says Fitch Ratings. More here. (Source: Fitch)
Iraq's Dire Fiscal Crisis
By Kirk H. Sowell, for the Carnegie Endowment for International Peace. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Dire Fiscal Crisis Iraq's Prime Minister inherited a series of fiscal crises. As his interim government struggles to advert a complete economic collapse, […]
Documenting Pollution of Iraq's Shatt Al-Arab River
By John Lee. A investigation by Bellingcat documents the pollution of Iraq's Shatt Al-Arab river. Analysis of open source materials suggests evidence of continuing pollution of Iraq's main waterways. Click here to read the full report. (Source: Bellingcat)