Iraqi-born Architect Dame Zaha Hadid has died, aged 65. BBC News reports that she died following a heart attack on Thursday in a Miami hospital, where she was being treated for bronchitis. Among her many awards, she received the Pritzker Architecture Prize (considered the Nobel Prize of architecture) in 2004, and was the first woman […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is a great mine of antiquities, with around 13,000 historical and archaeological sites. But today, they lack protection in the absence of law and the deteriorating security conditions in the […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and remotely piloted […]
By John Lee. An investigation by Fairfax Media -- publisher of The Age and The Sydney Morning Herald newspapers -- and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]
By John Lee. ALE has been awarded several contracts at the Karbala Refinery Project. The deals include the provision of approximately 50 crawler, rough terrain and mobile cranes, the execution of heavy lifting operations, as well as the heavy transportation of approximately 45 oversized items, weighing up to 250 tonnes each. The project has already […]
The Ministry of Oil has confirmed that the gas recently exported from Iraq was what it described as "condensed liquids (C5) or 'natural gasoline,'" a by-product from the associated gas investment extracts used for the industrial purposes, and “not the dry gas which is used for the power generation”. Hamid Y. Salih, the deputy minister […]
By John Lee. US Secretary of State John Kerry has awarded an ‘International Women of Courage Award’ to a Kurdish Yazidi activist. At a ceremony on Tuesday, Nagham Nawzat Hasan was one of 14 women from fourteen different countries who were honoured for their outstanding roles in their communities as activists, humanitarians and reformers. Yezidi […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Wednesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]
By John Lee. Prime Minister Haider al-Abadi has called for parliament to either support or reject his calls for a technocratic government, pushing back against a looming deadline for a new cabinet, according to a report from AFP. He said Parliament must decide if it wants him "to present ministers from the political blocs or […]
By John Lee. Reuters reports that the International Monetary Fund could approve a standby arrangement (SBA) with Iraq as early as June, unlocking $15 billion in international assistance over the next three years. The head of the IMF’s mission in Iraq, Christian Josz, said on Tuesday that the package of assistance, nearly one third of it […]
UNDP and Japan partner to support stabilization and resilience in Iraq The Government of Japan is providing US$23.5 million to support the United Nations Development Programme (UNDP) in its work to help stabilize and build resilience in Iraq. Japan’s contribution will be channeled through UNDP’s Funding Facility for Immediate Stabilization (FFIS) and through UNDP’s Iraq […]
World Bank Group President Jim Yong Kim (pictured) told a special session of the Iraqi parliament that the path to stability and shared growth in Iraq lay in empowering local governments, opening up and diversifying the economy, and improving the management of public finances by reforming the public sector and increasing accountability. The speech came […]
