The United Nations Compensation Commission (UNCC) has made available $490 million to the Government of the State of Kuwait towards the Commission's remaining claim with an outstanding award balance. The United Nations Compensation Commission is a subsidiary organ of the United Nations Security Council. It was established in 1991 in accordance with Security Council resolutions […]
By John Lee. 60 Minutes Australia has broadcast what it describes as a desperate plea from a close friend of engineer Robert Pether. Australian citizen Robert Pether and his Egyptian colleague Khalid Radwan, who have been detained in Iraq since early April, have reportedly been found guilty of fraud, and sentenced to five years in […]
By John Lee. Iraq and Saudi Arabia are reportedly about to sign energy deals worth tens of billions of dollars. The state-run Al-Sabaah newspaper quotes Oil Minister Ihsan Abdul Jabbar (pictured) as saying that Iraq is negotiating with oil giant Saudi Aramco to enter as a partner in contracts for gas exploration in the Western […]
Plans for a new Iraq venture fund have been announced by some of the Iraq ecosystem's pioneers, Omar Al-Handal (The Station), Bassam Falah (Innovest ME, Ruwwad Al Iraq), and Mohammed Khudairi (Iraq Tech Ventures), who will serve as the fund's General Partners. The partnership is called Iraq Venture Partners (IVP), and it plans to invest […]
AUIS Entrepreneurship and Innovation Center announces call for Applications for AUIS Innovation Awards The AUIS Entrepreneurship and Innovation Center (AEIC) at the American University of Iraq, Sulaimani (AUIS) announced on Monday the AUIS Innovation Awards (AIA), which will highlight innovation excellence in institutions in Iraq and the Kurdistan Region and put a spotlight on innovative […]
Writing in the Financial Times, Iraqi President Barham Salih argues that addressing climate change represents an opportunity for Iraq and the region to introduce measures that will leave them on a more solid foundation as they face the challenges of the decades to come. Click here to read the full article (subscription required) (Picture: Tigris […]
By Lizzie Porter, for The New Statesman. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The massive challenge of climate action in oil-dependent Iraq Oil provides 90 per cent of Iraq's revenue. Even as farmland dries up, fractured governance makes reform seem almost […]
From the Office of the Iraqi President: Mesopotamia Revitalization Project: A Climate Change initiative to Transform Iraq and The Middle East Addressing climate change must become a national priority for Iraq. The country is one of the most at-risk from climate-change impact; according to the UN Environment Program, Iraq is the 5th most vulnerable globally […]
UNICEF calls for urgent action to address water scarcity and its impact on children and young people's lives in Iraq ahead of COP26 Children and young people in Iraq are the most at risk of the impacts of climate change especially water scarcity, threatening their health, education, and protection, and exposing them to deadly diseases. […]
By John Lee. China's CITIC Construction has won the bid for the first and second phases of AI Khairat heavy oil power plant in Iraq. Yang Jianqiang, Deputy President of CITIC Construction, held talks with Mazin Wajih, Chairman of Harlow International, in Dubai representative office, and received the letter of acceptance issued by Mazin Wajih. […]
By John Lee. General Electric Healthcare (GE) has reportedly signed an agreement with the Iraqi Ministry of Health to build 22 neonatal intensive care units (NICUs) across the country. A spokesperson for GE Healthcare in the Middle East is quoted as saying that each unit will be designed and developed to focus on providing the […]
UNFPA launches Social Responsibility Skills for Young Entrepreneurs Project UNFPA and the Ministry of Labour and Social Affairs with the Ministry of Culture and Youth in the Kurdistan Regional Government launched the Social Responsibility Skills for Young Entrepreneurs project in Erbil. The project was based on the success story of the "Orange Corners Erbil Programme" […]
