Saudi Arabia to give Iraq $1bn to build Sports City
By John Lee. Saudi Arabia’s King Salman has reportedly committed a grant of $1 billion to build a sports city in Iraq. A high level Saudi delegation traveled to Baghdad on Wednesday for meetings with Iraqi officials on trade and investment. (Sources: Arab News, Reuters)
Gazprom Neft expands Oil Production at Sarqala
Russia's Gazprom Neft has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI) Potential production at this new well is estimated at 12,000 barrels per day. Cumulative daily oil production at the field following the commissioning of the Sarqala-3 well has increased by 25 percent reaching 35,000 barrels. […]
Japan gives another $5.4m for Iraq Reconstruction
The United Nations Human Settlements Programme (UN-Habitat) has welcomed an additional contribution of USD 5.4 million from the Government of Japan to support reconstruction and peacebuilding in Iraq through the rehabilitation of war-damaged houses and construction of low-cost housing units in key liberated cities. More than one year from the declaration of the military victory […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Finance Coordinator, Norwegian Refugee Council (NRC) UDOC/CM Project Manager, Norwegian Refugee Council (NRC) Housing, Land & Property (HLP) Advisor, Norwegian Refugee Council (NRC) ICLA Assistant, Norwegian Refugee Council (NRC) Chief of Party (Livelihoods), Concern Worldwide IT Coordinator, ICMP - International Commission on Missing […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Project Manager, UNOPS - United Nations Office for Project Services Senior Project Associate, UNOPS - United Nations Office for Project Services Capacity Building Project Assistant, UNAMI - United Nations Assistance Mission for Iraq Finance Controller, International Rescue Committee (IRC) Child Protection Specialist, […]
Iraq GDP Growth to Hit 8.1%
By John Lee. A new report from the World Bank Group forecasts real GDP growth (at constant market prices) of 2.8 percent this year in Iraq, increasing to 8.1 percent next year: Iraq’s economy is gradually picking up following the deep economic strains of the last four years. Real GDP is estimated to have grown […]
Iraq gives Iranians Visas Free of Charge
Iraq on Monday began issuing entry visa for Iranians free of charge in a reciprocal move under a deal reached three weeks ago. As of Monday, Iranians travelling to Iraq could obtain visa free of charge. The Iraqi cabinet of ministers said the decision that took effect on April 1 has been made as a […]
Real Madrid plans to open Iraqi Soccer Academy
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq’s Prime Minister Adel Abdul Mahdi received a delegation from the Spanish Real Madrid Club March 21 to discuss joint sports projects in Iraq. The delegation’s visit was welcomed by not […]
Funding Appeal for Humanitarian Needs in Iraq
IOM Launches Funding Appeal to Address Most Urgent Humanitarian Needs in Areas of Displacement and Return in Iraq Five years after the onset of the ISIL crisis and the subsequent massive internal displacement, IOM Iraq is launching its funding appeal for emergency assistance in the amount of USD 41.4 million. Although the number of internally […]
Iraq "Needs to Buy Iranian Electricity for 3 Yrs"
Iraqi Parliament Speaker Mohammed al-Halbusi said he hopes the United States will keep waiving sanctions on energy imports from neighboring Iran, noting that the Arab country will need to purchase electricity from the Islamic Republic for three years. In November last year, Washington granted a 45-day waiver on electricity to the Arab country and extended […]
$2.2bn Shell payment to Iraq
By John Lee. Oil giant Shell has just published details of its transactions with the Government of Iraq in 2018 in respect of the Majnoon oilfield, as part of its Report on Payments to Governments 2018. Click on image below to see in more detail: (Source: Shell)
Iraq "inches closer to Egyptian, Jordanian Axis"
By Ahmed Gomaa for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Cairo hosted a tripartite summit March 24, bringing together Egyptian President Abdel Fattah al-Sisi, Jordanian King Abdullah II and Iraqi Prime Minister Adel Abdul Mahdi. The summit’s final communique underlined the […]